Friday, February 11, 2011

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NCDEX Pepper looks firm in long run

  • Friday, February 11, 2011
  • Thùy Miên
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  • AHMEDABAD (Commodity Online): Spot prices of pepper were up in Kochi on buying support today. Pepper February contract traded also up by more than 2.5% during trading session today on NCDEX. Pepper is showing uptrend as global demand is still good.
    “Short term traders can expect Pepper to trade in range of 23600- 24490,” said Anil Patadia, commodity analyst withCommodity Online.
    Support for Pepper is at 23420. 14 days RSI for Pepper is at 69 and it is moving upside due to strong buying sentiments.
    “Technically, intraday traders can buy Pepper near 23800 for intraday profit, while long term investors can buy it if prices sustains above 24000,” said Patadia.
    (Source: http://www.commodityonline.com/marketmovers/NCDEX-Pepper-looks-firm-in-long-run-2011-02-11-3055-3-1.html)

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