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Stock market analyst Madhumita Ghosh of Unicon Investment Solutions has maintained buy rating on UCO Bank stock to achieve a long term target of Rs 90.

According to analyst, the stock of the bank will hit the said target in a period of 9-12 months.

Today (May 12), the shares of the bank opened at Rs 1550 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1800 and a low of Rs 951 on BSE.

Current EPS & P/E ratio stood at 49.48 and 31.49 respectively.

Indian equities remained weak for the second day today. The 30-share index Sensex lost all its gains and fell into the negative zone amid volatility.

The country's IIP grew by 13.5% in March. In Feb 2010, IIP growth was at 15.10% as against 16.70% in January this year.

Market analysts projected a bit faster growth of 15% in March.

The poor IIP numbers dragged index lower.

The top losers of the day were Teck and metal stocks. The sectors, which saw some buying activity, comprise FMCG and healthcare.

China's aluminium output in 2010 may climb to more than 15 million tonnes and its smelting capacity grow between 2 million tonnes to 3 million tonnes. Aluminium has touched a low of Rs 92.25 a kg after opening at Rs 95.3, and last traded at Rs94.05.For today market is looking for the support at 92.4, a break below could see a test of 90.8 and where as resistance is now likely to be seen at 95.6, a move above could see prices testing 97.1.

Trading Ideas:

Aluminium trading range is 91.2-97.5.

Chinese 2010 aluminium capacity seen growing more than 15pct

Support for aluminium is at 93.80 and resistance is at 95.20 level.

Natural-gas ended lower as ample supplies and a mild weather outlook weighed on p

Jeera ended weak on sluggish overseas demand, higher output views and weakness in spot market. Production in 2010 is seen rising to 2.9 million bags of 60 kg each from 2.7 million bags in 2009. At Unjha, the benchmark spot market in Gujarat, jeera was fell 49 rupees to end at 12,690 rupees per 100 kg. June contract dropped Rs 110 and settled at Rs 12576 a kg. The contract made intraday low of Rs 12558 a kg and high of Rs 12749 a kg. Support for jeera is at 12506 below that could see a test of 12437. Resistance is now seen at 12697 above that could see a resistance of 12819.

Trading Ideas:

Jeera trading range is 12478-12860.

Turmeric ended weak on profit-booking after rising more than 23 percent in the last 15 sessions till Monday. In Nizamabad, a major spot market in Andhra Pradesh, the price fell 295 rupees to end at 14,923 rupees. Turmeric yesterday we have seen that market has moved -2.72%. Market has opened at 14727 & made a low of 14083 versus the day high of 14850. The total volume for the day was at 13900 lots and the open interest was at 9410.Support for turmeric is at 13952 below that could see a test of 13634. Resistance is now seen at 14719 above that could see a resistance of 15168.

Trading Ideas:

Turmeric trading range is 13767-15301.