Mentha oil September contract dropped Rs -0.2 and settled at Rs 829.5 a kg on subdued demand traders stayed away from market. The contract made intraday low of Rs 823.2 a kg and high of Rs 831.9 a kg with the volume of 2884 and total open interest for the same contact was at 4215.Now support for the menthol is seen at 824.5 and below could see a test of 819.5. Resistance is now likely to be seen at 833.2, a move above could see prices testing 836.9.

Trading Ideas:

Mentha Oil trading range is 819.5-837.

Resistance for the mentha oil is at 833.20.

Support or mentha oil is seen at 824.50.

Mentha oil yesterday ended weak on subdued demand