Commodity Tips Expert Accurate strategy For Trade In Today Market

On Wednesday Morning opening By Rudra Investment Commodity Tips Expert, there was a refuse in the prices of Mentha Oil in early trading. Mentha Oil's February contract on commodity exchange MCX in early trading came down to Rs 1,640 per kg with weak point of around one percent or Rs 16 per kg.

Rudra Investment Sebi Registered Investment advisor says that the new season of mentha oil has started. In such a condition, heaviness on Mentha oil will be seen further. In today's business, there is the advice of the sell-out at a price of Rs 1,645. Stop loss should be set at Rs 1,665. In the next one session, the price of Mentha Oil could show a level of 1605-1600 rupees per kilogram.

According to Commodity Tips Expert, profits in Mentha Oil have risen. Mentha oil prices are much superior to last season. It is believed that this year the sowing of mentha may increase.

Apart from this, the volume in Mentha Oil on MCX is considerably lower. According to Rudra Investment in today's business, Mentha Oil should sell at a price of Rs 1650. A stop loss should be kept at a price of Rs. 1660. Mentha oil can go up to Rs 1600 per kg in today's business.

The highest yield of mentha is in UP. UP's share in the production of total mentha oil in the country is about 80 percent. Districts of Western UP, Sambhal, Rampur, Chandausi Mentha are major producers, while Barabanki district near Lucknow is also the main producing area of Mentha Oil.