Mentha oil November contract gained Rs 6 and settled at Rs 1152.9 a kg on buying support but pared most of its intraday gains on profit booking. The contract made intraday low of Rs 1126 a kg and high of Rs 1176.3 a kg with the volume of 12319 and total open interest for the same contact was at 6766.Now support for the menthol is seen at 1127.2 and below could see a test of 1101.4. Resistance is now likely to be seen at 1177.5, a move above could see prices testing 1202.

Trading Ideas:

Mentha Oil trading range is 1101.4-1202.

Mentha oil spot is at 1195/-.Spot market is up by Rs.30/.

Resistance for the mentha oil is at 1164.40.

Support or mentha oil is seen at 1140.80.

Mentha oil ended positive on buying support but pared most of its gains