Mentha oil have been trading range-bound in last few session as absence of fresh cue failed to provide any direction to market. March contract gained Rs 3.4 and settled at Rs 616.6 a kg. The contract made intraday low of Rs 613.1 a kg and high of Rs 617.6 a kg with the volume of 731 and total open interest for the same contact was at 2711.Now support for the menthol is seen at 613.9 and below could see a test of 611.3. Resistance is now likely to be seen at 618.4, a move above could see prices testing 620.3.

Trading Ideas:

Menthol Oil trading range is 611.3-620.

Mentha oil spot is at 662/-.Spot market is up by Rs 5/-.

Resistance for the mentha oil is 618.40.

Mentha oil is getting support at 613.90.

Mentha oil is trading range bound due to absence of fresh cues.

SELL MENTHOL MAR @ 619-620 SL 624.80 TGT 616.50-613.80-611.MCX