India, Sept. 11 -- Technically Mentha Oil market is under fresh buying as market has witnessed gain in open interest by 1. 43% to settled at 142 while prices up 14.1 rupees.
Now MCX Mentha Oil is getting support at 960.2 and below same could see a test of 953.2 levels and resistance is now likely to be seen at 972 a move above could see prices testing 976.8.
Mentha Oil yesterday settled up by 1.48% at 967.3 as prices are on attractive levels at this movement as prices fallen since the start of the year. Unlock down will support demand for industry as Mentha oil is most used in pharma industry cosmetics industry FMCG sector as well as confectionery products.
Due to prevailing low prices for natural mentha companies using synthetic menthol...