Dated 23/03/2019
Black Pepper-Garbled Kochi- Last Close-349 Expect Support Around 340
Support at last swing bottom was 340 and the same was tested in last fortnight.
The low registered is 341 and close at 349.
Further weakness is below 340.
Expect recovery and bounce form current level towards 365-376 as long as 340 is not violated.
A sustained fall and close 340 can extend the slide towards 280 or below.
Therefore, if the recovery has to be seen then it can be now as current prices are at the lower end of the cycle.
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Conclusion
Support likely to be seen as long as 340 is not violated strongly.
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