PEPPER SLIDES FURTHER ON WEAK SPOT DEMAND, HIGHER MARGIN AT NCDEX (APR-04-2012)- goldennifty.com

PEPPER SLIDES FURTHER ON WEAK SPOT DEMAND, HIGHER MARGIN AT NCDEX

Date: 04/04/2012

Indian Black Pepper futures slipped further on weak spot market and margin hike by FMC for pepper futures trading from last day onwards. After months of continued price escalations, black pepper is falling in the Kochi spot market, ostensibly on news that the Forward Market Commission (FMC) has initiated investigations on prices of key farm commodities, including pepper. Black Pepper for ready delivery in Kochi, closed Tuesday's trading session with negative note at Rs 37,800, down by Rs 700 per quintal over the last close. Pepper arrivals in Kochi Mandi decreased to 60 quintals on Tuesday on 3rd March 2012 from 200 quintals; meanwhile Offtakes slumped to 80 quintals from 400 quintals as on Monday.

The NCDEX Pepper April contract ended the session lower at Rs 38,175, down by Rs 895 or 2.29% over the last close. The contract traded in the range of Rs 37,945-39,580 per quintal.

In today's early trading session, the NCDE Black Pepper April delivery traded in the range of Rs 38375-37405 and currently trading lower at Rs 37520, down by Rs 630 or 1.65% over the last close. The open interest dipped 2% to 4,002 tonnes, indicating profit taking and volume traded as of now stood at 2,002 tonnes. Technically, the counter is likely to find support at Rs 37195, Rs 36815 while resistance is at Rs 38020, Rs 38420 per quintal.

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NCDEX PEPPER APR FUTURE SHORT CALL CHART(APR-02-2012)- goldennifty.com

THIS CALL GIVEN BY GOLDENNIFTY.COM

 DATE: APR 02 , 2012

TIPS 1: 11.05 NCDEX PEPPER APR FUT GO SHORT @ 39522  S/L 39816  LEVELS        39360/39197/39034 GIRL

FOLLOW UP SMS 1: 11.52 NCDEX PEPPER APR FUT SHORT CALL ENTERED RATE @ 39522GIRL

FOLLOW UP SMS 2: 11.55 NCDEX PEPPER SHORT CALL CROSSED LEVEL 2 @ 39197 WE EXPECT IT MAY GO TO NEXT LEVELS 39034/38874/38674/38474 GIRL

FOLLOW UP SMS 3: 16.05 NCDEX PEPPER SHORT CALL CROSSED LEVEL 3 @ 39034 WE EXPECT IT MAY GO TO NEXT LEVELS 38874/38674/38474/38274 GIRL

FOLLOW UP SMS 4: 16.09 NCDEX PEPPER SHORT CALL CROSSED LEVEL  5 @ 38674 WE EXPECT IT MAY GO TO NEXT LEVELS 38474/38274/38074 GIRL

FOLLOW UP SMS 5: 16.10 NCDEX PEPPER SHORT CALL CROSSED LEVEL  6 @ 38474 WE EXPECT IT MAY GO TO NEXT LEVELS 38274/38074/37874 GIRL

STATUS: NCDEX PEPPER SOLD@39522  TARGET @38474  PROFIT RS.10480/-http://www.goldennifty.com/pages/chart_performs.php?scheme=Pprmlgkoc%20-%20Pepper

NCDEX LIVE TIPS

NCDEX PEPPER MARGINALLY UP IN EARLY TRADES, PROFIT TAKING MAY EMERGE

Date: 02/04/2012

The Black Pepper futures are trading with marginal gains in the early trading sessions on fresh buying at lower levels. In today's early trading sessions,the NCDEX Black pepper for the April delivery moved in the range of Rs39875-39005 and is currently trading higher at Rs 39465, up Rs 315 or 0.18% overthe last close. The open interest added 4% to 4,417 tonnes, indicating freshbuying. Technically, the counter is likely to find resistance at Rs 40050, Rs40650 while support at Rs 39000, Rs 38617 per quintal.

 Vietnam harvest is reported to be arriving to its peak. Serious concerns in India about the futures operations. The silence of American and European buyers and Vietnam dropping light pepper prices changed the market trend which might be easilyseen on graphics this week. India's parity despite being above the competition eased a little reportedly to$8,000 c&f. Vietnam is reported not selling Asta grade while Lampong Asta is said to be at $7,800. Brazil is very slow always willing the best possible price, eventually due to smallerstocks. One point to be considered is that some shipments from Brazil were muchdelayed therefore buyers are receiving now contracts booked last year whichprices are now cheaper than the present ones.

Pepper plummeted for the second week on heavy selling pressure triggered by weakspot demand, reports of Vietnam crop arrivals. The most active April pepper ended the week down by 5.58% at Rs39150 per quintal. As per the latest release from the IPC, the market declinedduring the last week and prices at origins with the exception of Sarawak have decreased. In India, the market was calm with limited activities. Lack of demand have pushed thepepper prices at the domestic market to fall by around 5%, while fob pricedecreased by 2%. In Vietnam, local price stood at VND 123,000 per kg during 26-29 February. However onFriday prices fell by VND 2,000 per kg. Fob prices of Vietnamese black werereported stable.

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NCDEX PEPPER TIPS

GLOBAL PEPPER MARKET WEEKLY REVIEW-IPC

Date: 30/3/2012

The market declined during the week and prices at origins with the exception of Sarawak have decreased. In India, the market was calm with limited activities. Lack of demand have pushed the pepper prices at the domestic market to fall by around 5%, while fob price decreased by 2%. In Vietnam, local price stood at VND 123,000 per kg during 26-29 February. However on Friday prices fell by VND 2,000 per kg. Fob prices of Vietnamese black were reported stable. In Sarawak, local price increased marginally, while for fob price was stable. Pepper market in Lampung was quiet and prices of both local and fob have declined. Price decrease was also recorded in Sri Lanka. In Bangka and Sarawak, white pepper prices increased marginally, while in HCMC, local price of Vietnamese white pepper decreased by 2%. In Hainan, the price of white pepper was reported stable.

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