Mentha oil August contract gained Rs 14.4 and settled at Rs 757.6 a kg on low level buying support tracking firm spot market. The contract made intraday low of Rs 737.5 a kg and high of Rs 761.5 a kg with the volume of 3715 and total open interest for the same contact was at 6085.Now support for the menthol is seen at 742.9 and below could see a test of 728.2. Resistance is now likely to be seen at 766.9, a move above could see prices testing 776.2.

Trading Ideas:

Mentha Oil trading range is 728.7-777.

Resistance for the mentha oil is at 762.80.

Support or mentha oil is seen at 752.60.

Mentha oil yesterday ended higher on low level buying support