Mentha oil September contract dropped Rs 6.8 and settled at Rs 816.3 a kg on profit booking. The contract made intraday low of Rs 816.1 a kg and high of Rs 833.2 a kg with the volume of 4885 and total open interest for the same contact was at 5725. Now support for the menthol is seen at 810.5 and below could see a test of 804.8. Resistance is now likely to be seen at 827.6, a move above could see prices testing 839.

Trading Ideas:

Mentha Oil trading range is 804.8-839.

Resistance for the mentha oil is at 821.80.

Support or mentha oil is seen at 810.50.

Mentha oil yesterday ended weak on profit booking