MENTHA OIL DOWN 2% ON PROFIT-BOOKING

MCX Mentha oil prices plunged by 2.23 per cent to Rs 996.50 per kg in futures trade today on profit-booking at prevailing levels by participants and fall in domestic demand.
At the MCX mentha oil for delivery in May month moved down by Rs 22.70 or 2.23 per cent to Rs 996.50 per kg in business turnover of 1,456 lots.
On similar lines, the oil for delivery in June contracts traded lower by Rs 21.10 or 2.05 per cent to Rs 1010.00 per kg in 290 lots.

Technically market is under fresh buying as market has witnessed gain in open interest by 1.42% to settled at 7919 while prices up 13.1 rupee, now Mentha oil is getting support at 1009.6 and below same could see a test of 999.9 level, and resistance is now likely to be seen at 1033.4, a move above could see prices testing 1047.5.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips  , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.