January contract gained Rs 5.8 and settled at Rs 609 a kg. The contract made intraday low of Rs 598.6 a kg and high of Rs 610.5 a kg. Now support for the menthol is seen at 601.50 and below could see a test of 594.10. Resistance is now likely to be seen at 613.40, a move above could see prices testing 617.90.

Trading Ideas:

Menthol trading range is 600-610.

Mentha oil spot is at 659/-.Spot is up by 5 rs.

Mentha oil is getting support at 607.20 level.

Now resistance for Mentha oil is at 613.80.

Mentha oil ended higher on short covering by traders

BUY MENTHOL JAN @ 606-608 SL 602 TGT 611-614.50-618. MCX