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Crude Palm oil yesterday traded with the positive node and settled 0.4% up at 521.1 as speculators created fresh positions, influenced by a firm global trend. Malaysian crude palm oil rose as traders grew more concerned over heavy rains curbing production in the world's second largest producer of the vegetable oil. In yesterday's trading session Crude Palm oil has touched the low of 519.7 after opening at 521.3, and finally settled at 521.1. For today's session market is looking to take support at 519.6, a break below could see a test of 518 and where as resistance is now likely to be seen at 522.8, a move above could see prices testing 524.4.

Gowtham Menon’s Vinnaithaandi Varuvaaya was a runaway success in both Tamil and Telugu titled Ye Maaya Chesavo. The film happens to be one of the biggest top-drawers of box office in 2010. Gowtham Menon had started off with preproduction phase for the Hindi remake that went stalled on halfway. Apparently, rumors were that the project has been dropped due to some creative difference of opinions between Gowtham Menon and actor Prateik Babbar.

Ref Soyaoil yesterday traded with the positive node and settled 0.66% up at 595 due to pickup in demand in the spot market due to the ongoing marriage season. At the Indore spot market soyoil edged up by 3 rupee to 574.85 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 592.5 after opening at 592.5, and finally settled at 595. For today's session market is looking to take support at 592.6, a break below could see a test of 590.1 and where as resistance is now likely to be seen at 597.4, a move above could see prices testing 599.8.

Trading Ideas:

Ref soyaoil trading range is 590.3-600.

Technical analyst Hemen Kapadia has maintained 'buy' rating on Bharti Airtel Limited stock with an intra-day target of Rs 1350.

According to analyst, the stock can be purchased at Rs 1334 with a stop loss of Rs 1326.

The stock of the company, on December 21, closed at Rs 1334.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1349 and a low of Rs 786.85 on BSE.

Current EPS & P/E ratio stood 81.76 and 16.18 respectively.

Technical analyst Anil Singhvi has maintained 'buy' rating on Ashok Leyland Limited stock with an intra-day target of Rs 71.

According to analyst, the investors can buy the stock with a stop loss of Rs 65.

The stock of the company, on December 21, closed at Rs 65.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 81.90 and a low of Rs 46.80 on BSE.

Current EPS & P/E ratio stood at 4.65 and 14.39 respectively.

Filmmaker Selvaraghavan has almost completed shooting for his next film starring Dhanush and Andrea in lead roles. Much prior to commencing this project, Selva was supposed to make a period film set in backdrops of 5th century with Rana. However the project wasn’t approved by Rana’s home production as the producers felt that it could be an award-winning film and not commercially successful.