Mentha oil January contract gained Rs 8.1 and settled at Rs 1171.1 a kg on low level buying amid getting support from spot market. The contract made intraday low of Rs 1157 a kg and high of Rs 1177 a kg with the volume of 2974 and total open interest for the same contact was at 4006. Now support for the menthol is seen at 1159.7 and below could see a test of 1148.4. Resistance is now likely to be seen at 1179.7, a move above could see prices testing 1188.4.

Trading Ideas:

Mentha Oil trading range is 1148.7-1189.

Mentha oil spot is at 1257/-.Spot market is up by Rs 5/-.

Mentha yesterday ended positive on low level buying.

Mentha oil looks to take support at 1159.70 level

Resistance for the mentha oil is seen at 1179.70 level.