In ncdex pepper may a short covering rally is in progress, but it has
to break 22 day EMA resistance placed at 39600 levels for bullishness
to re-enter in the counter towards a target of 40300 followed by 41000
levels. Conversely, if unable to cut above 12 day EMA resistance of
39200, then prices could get dragged into negative territory. NCDEX
Pepper is trading in bearish trend and it has a strong resistance at
38203 and a major support at 37098. We suggest that it is a good time
to buy pepper for huge profit........

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