Friday 23 May 2014

Capital stroke NCDEX Update : MENTHA OIL 23 MAY 2014

Menthaoil trading range for the day is 830.7-854.7.
Menthaoil spot is at 940/-. Spot market is down by Rs.5/-.
Mentha oil ended with gains amid rising domestic demand against tight supplies from the major producing belts.
However, expectations of higher output from the major producing belts, capped some gains in mentha oil prices to some extent.
Technically market is under short covering as market has witnessed drop in open interest by -4.69% to settled at 2583
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