Mentha oil yesterday as per expectation fell earlier in the day on profit booking then again jumped on lower acreage estimation and firm cues from spot markets. The contract made intraday low of Rs 754.5 a kg and high of Rs 783.1 a kg with the volume of 3641 and total open interest for the same contact was at 2908.Now support for the menthol is seen at 763.6 and below could see a test of 744.8. Resistance is now likely to be seen at 792.2, a move above could see prices testing 802.

Trading Ideas:

Menthol Oil trading range is 744.8-802.

Mentha oil spot is at 853/-. Spot is Up by 13rs.

Resistance for the mentha oil is at 788.20

Support for mentha oil is at 777.40.

Mentha oil yesterday as per expectation traded in both directions

BUY MENTHOL JUNE @ 780 SL 774 TGT 784.50-788-792.50.MCX