December contract gained Rs 0.8 and settled at Rs 577.6 a kg. The contract made intraday low of Rs 575.2 a kg and high of Rs 584 a kg. Now support for the menthol is seen at 573.80 and below could see a test of 570.10. Resistance is now likely to be seen at 582.60, a move above could see prices testing 587.70.

Trading Ideas:

MENTHOL TRADING RANGE IS 565-590.

MENTHOL SPOT IS AT 638/-SPOT IS DOWN BY RS 6/-.

BUY MENTHOL DEC @ 572-574 SL 567.20 TGT 576.80-580.50-584.20.MCX

SUPPORT FOR MENTHA OIL IS AT 574.20.

IMP WILL BE 582 LEVEL ABV THAT A JUMP CAN BE SEEN TILL 585-587.

MENTHOL PRICES ENDED FLAT TRACKING FLAT SPOT MARKET