Mentha oil November contract gained Rs 31.3 and settled at Rs 1194.1 a kg tracking firm demand from spot market at lower levels. The contract made intraday low of Rs 1170.2 a kg and high of Rs 1203.9 a kg with the volume of 3849 and total open interest for the same contact was at 6408.Now support for the menthol is seen at 1174.9 and below could see a test of 1155.7. Resistance is now likely to be seen at 1208.6, a move above could see prices testing 1223.1.

Trading Ideas:

Mentha Oil trading range is 1155.7-1223.

Mentha oil spot is at 1245/-.Spot market is up by Rs.55/.

Resistance for the mentha oil is at 1208.60.

Support or mentha oil is seen at 1182.20.

Mentha oil ended gained tracking firm demand from spot market