Mentha oil August contract gained Rs 6.8 and settled at Rs 774.7 a kg supported by buying after prices fell in previous few sessions. The contract made intraday low of Rs 762.9 a kg and high of Rs 779 a kg with the volume of 3240 and total open interest for the same contact was at 4605. Now support for the menthol is seen at 765.4 and below could see a test of 756.1. Resistance is now likely to be seen at 781.5, a move above could see prices testing 788.3.

Trading Ideas:

Mentha Oil trading range is 756.2-788.

Resistance for the mentha oil is at 779.20.

Support or mentha oil is seen at 769.60.

Mentha oil yesterday ended positive supported by buying after prices fell previously