Mentha oil October contract dropped Rs -8.7 and settled at Rs 857 a kg on profit booking. The contract made intraday low of Rs 855.1 a kg and high of Rs 868 a kg with the volume of 3917 and total open interest for the same contact was at 6137.Now support for the menthol is seen at 852.1 and below could see a test of 847.1. Resistance is now likely to be seen at 865, a move above could see prices testing 872.9.

Trading Ideas:

Mentha Oil trading range is 847.1-873.

Mentha oil spot is at 955/-.Spot is up by Rs.20/-.

Resistance for the mentha oil is at 865.

Support or mentha oil is seen at 852.10.

Mentha oil yesterday ended higher on profit booking.