December contract gained Rs 13.2 and settled at Rs 621.3 a kg. The contract made intraday low of Rs 604.2 a kg and high of Rs 625.8 a kg. Now support for the menthol is seen at 608.4 and below could see a test of 595.5. Resistance is now likely to be seen at 630, a move above could see prices testing 638.7.

Trading Ideas:

MENTHOL TRADING RANGE IS 605-635.

MENTHOL SPOT IS AT 652/-.SPOT IS UP BY RS 2/-.

BUY MENTHOL DEC @ 615-618 SL 610 TGT 622-626.50-630-634.MCX

SUPPORT FOR THE MENTHA OIL IS AT 617.20 BELOW THIS NEXT SUP IS AT 613.60-610.10.

NOW RES IS AT 613.50 ABV THIS NEXT RES IS AT 617.80-620.50.

MENTHOL PRICES ENDED UP ON FRESH SPOT DEMAND