Mentha oil March contract gained Rs 20.9 and settled at Rs 1137.5 a kg driven by a fall in arrivals from producing regions. The total daily arrivals of mentha oil were ranging between 400-450 drums at the major mandies of Uttar Pradesh such as Sambhal, Chandausi and Rampur. The contract made intraday low of Rs 1119 a kg and high of Rs 1137.7 a kg with the volume of 2646 and total open interest for the same contact was at 4895.Now support for the menthol is seen at 1125.1 and below could see a test of 1112.7. Resistance is now likely to be seen at 1143.8, a move above could see prices testing 1150.1.

Trading Ideas:

Mentha Oil trading range is 1111.8-1149.

Mentha oil spot is at 1225/-.Spot market is up by Rs 20/.

Mentha oil gained driven by a fall in arrivals from producing regions

Mentha oil looks to take support at 1125.10 level

Resistance for the mentha oil is seen at 1143.80 level.