Mentha oil yesterday jumped as told above 582 level till 586-590. Now important will be 600 mark if breaks then target will 605-608 but some profit booking can be seen till 590-588 level. December contract gained Rs 17.3 and settled at Rs 594.9 a kg. The contract made intraday low of Rs 580.7 a kg and high of Rs 594.9 a kg.

Now support for the menthol is seen at 585.40 and below could see a test of 575.90. Resistance is now likely to be seen at 599.60, a move above could see prices testing 604.30.

Trading Ideas:

MENTHOL TRADING RANGE IS 580-610.

MENTHOL SPOT IS AT 652/-SPOT IS UP BY RS 12/-.

BUY MENTHOL DEC @ 590-592 SL 585.80 TGT 594.80-597.40-601.50.MCX

SUPPORT FOR MENTHA OIL IS AT 590.20.

AS TOLD MKT WILL JUMP OVER 584 LEVEL NOW IMP WILL BE 600 LEVEL

MENTHOL PRICES ENDED HIGHER ON SHORT COVERING AND FIRM SPOT PRICES