Buy Zylog Systems - Lower Circuit Broken

Today finally Zylog System has broken the long trend of LC and closed in green @ 69.35 with volumes of more than One Crore on NSE and 65 Lakh on NSE. So what does it mean, the stock is likely to see the upmove from now on. As investors, traders and Instutional Investors have realised the value potential in this stock at such low price.

Now those who are stuck in it at higher price can do some averaging now and those who are following to buy should immeaditely buy the stock. As when it starts hitting Upper Circuit , you would not be able to catch it as what happened to those who wanted to sell in LC.

Hence those who are wiling to take some risk should buy the stock and fix your target and when target get hit take the profit.

Positional and Short Term Calls for this week Monday 19 Nov 2012

Today we have witnessed the upswing in the global market but our own share market could not mirror than and ended almost flat BSE closed at 18,340 up 30 points and NSE 5571 down 3 points.

But there has been lots of stock specific actions like Maruti was up 4% and closed around 1500 up almost 50% from the lows of Manesar Plant lock out. Bharti, ITC, HDIL were other major gainers. On the losing front IDFC, Lupin, ONGC were the major loosers on the broader market.

Upon looking at the todays market and upcoming events in the coming days we have shortlisted few stocks in which positions can be taken for short for profit of 5-7% in a week time with stop loss.

1. ONGC ( Cmp 254 ) -     Target of 265-270 with stop loss of 249
2. OIL India ( Cmp 457 ) -Target of 470-475  with stop loss of 449
3. Lanco Infra ( 12.65 )   - Target of 13.70-14.05 with stop loss of 12.30
4. SBI ( 2095 )                 - Target of 2170 stop loss 2070
5. SKS Micro ( 120 )       - Target of 128 with stop loss of 117

The above stocks should be traded with specified stop loss and if braoder market moves further high these stocks will see higher targets and then should be hold and traded with trailing stop loss.

Public Sector Banks to Hire 63,200 Persons this Year

Public sector banks will hire 63,200 persons in the current financial year, Finance Minister P Chidambaram said today.

The country's largest bank SBI will alone recruit 20,000 clerical staff and 1,200 officer level employees.
Besides, other public sector banks will hire 22,000 officers and 20,000 clerical staff in this fiscal.

"So there are many opportunities for the young men and women to build the career in banking. It's a very attractive career and young men and women must take advantage that the banks are recruiting so many people," Chidambaram told reporters after meeting heads of public sector banks and financial institutions here.
There were 84,489 vacancies at various levels in the state-owned banks at the end of the last financial year.
Most of the state-owned banks have undertaken recruitment drives in the recent years.
The public sector banks have a sanctioned strength of about 8 lakh employees as on March 31, 2012.

Editors Comments : In this current job gloom scenario it is good that PSBs will hire such large number of job aspirants. But the main thing to look out here is the retention of such job seekers as we have seen in the past that only very few candidates get selected in several banks and ultimately seats remain vacant.

Top Tax Saving Mutual Funds ( ELSS ) Ranking November 2012

The Present ranking have taken into account all the aspects of past performance as we as investment style and growth return patterns. Hence Investments can be made in the above funds for this year tax saving benefits.

Reliance Tax Saver has shown a handsome return in past few months hence as got the second ranking and five star, previously it was 4 star rated fund, Canara Robeco and Quantum has been old performers and regularly been ranked in Top Five and 5 Star Rated Funds 

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