Monday, February 23, 2015

Mentha Oil Up at Noon

Mentha Oil futures rose within the domestic market on weekday as investors and speculators set-aside contemporary positions within the agri-commodity amid a pickup in physical demand for Mentha oil within the domestic commodities market.

Pick-up in demand for Mentha oil from major intense industries and reduced provides of the agri-commodity from the most important manufacturing regions boosted sentiment.

At the MCX, Mentha Oil futures for February 2015 contract closed at Rs 754.40 per 1 kg, up by 0.48 percent,instead of previous closing price of Rs 750.80 and after opening at Rs 754. It touched the intra-day high of Rs 758 till the closing.

Natural gas : buy above – 187.4 , target – 189.5 , Stoploss– 185.4
Mcx copper : buy above – 358.3 , target – 359.12 , Stoploss– 357.5
Mcx cotton : sell below – 14930 , target – 14700 , Stoploss-15180


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