MTECHTIPS:Buy Pepper on dips to Rs 33200 for short term
Mtechtips has come out with its report on agro commodity Pepper. According to the research firm, for short term one can buy Pepper on dips towards Rs 33200 for a target of Rs 35200 and Rs 36000 in near terms.Pepper futures ended up on firm winter demand and slow arrival of new crops.Pepper arrival has been started in the mandies though in small quantity. Overall output is expected in between 55,000 to 60,000 MMT compared to 48,000 MMT of last year.NCDEX Pepper Feb. contract has broken trend channel still the downside is limited due to strong support near Rs. 33200.Therefore, for short term buy Pepper on dips towards Rs 33200 for a target of Rs 35200 and Rs 36000 in near terms.