Mentha oil closed slightly lower yesterday on profit booking. On
April 21st , total stock of mentha oil at MCX-monitored warehouses at
Chandausi was 660,287 kg of which 625,751 kg is physical stock and
34,535 is the demat stock. May contract dropped Rs 0.3 and settled at Rs
693.6 a kg. The contract made intraday low of Rs 687 a kg and high of
Rs 704 a kg with the volume of 2453 and total open interest for the same
contact was at 3340.Now support for the menthol is seen at 685.7 and
below could see a test of 677.9. Resistance is now likely to be seen at
702.7, a move above could see prices testing 711.9.               

Trading
Ideas:

Menthol Oil trading range is 677.9-712.

Mentha oil spot is at 780/-.Spot is up by Rs.7/-.

Resistance for the mentha oil is at 697.80 support is at 688.20 level

Total stock of mentha at MCX warehouses at Chandausi was 660,287 kg as
on Apr 21

Mentha oil closed slightly lower yesterday on profit booking

BUY MENTHOL MAY ABV 696 SL 692 TGT 700-706.20.MCX