Mentha oil August contract dropped Rs 4.8 and settled at Rs 765.6 a kg on continued profit booking. The contract made intraday low of Rs 762.7 a kg and high of Rs 771.7 a kg with the volume of 1632 and total open interest for the same contact was at 4223.Now support for the menthol is seen at 761.6 and below could see a test of 757.7. Resistance is now likely to be seen at 770.6, a move above could see prices testing 775.7.

Trading Ideas:

Mentha Oil trading range is 757.7-776.

Resistance for the mentha oil is at 770.60.

Support or mentha oil is seen at 761.60.

Mentha oil yesterday ended down on continued profit booking