Menthol yesterday as per expectation jumped and closed above 600 level and touched our target at 608 levels. For today session also as spot market is quoting 7rs higher compare with the last closing and also as per expectation some fresh buying interest had been witnessed in the spot market.

January contract gained Rs 12.8 and settled at Rs 608.8 a kg. The contract made intraday low of Rs 597.5 a kg and high of Rs 610 a kg. Now support for the menthol is seen at 600.80 and below could see a test of 592.90. Resistance is now likely to be seen at 613.30, a move above could see prices testing 617.90.

Trading Ideas:

Menthol trading range is 595-620.

Mentha oil spot is at 658/-.Spot is up by 7 rs.

As told mentha oil looks to jump above 600 level till 608 level same happened.

Mentha oil prices ended higher tracking good export demand

Now resistance for mentha oil is at 611.10 and support is at 605.20.

BUY MENTHOL JAN @ 607-609 SL 600 TGT 611.50-614.50-616-620.MCX.