The Indian Market is feeling the heat,the heavy selling pressure makes best stocks of the year hit their lower circuits.Hanung Toys,Jindal Cotex,Midfield,Sujana Tower and many more are caught at their lower cicuits.The investors are undergoing heavy pressure due to the selling.
Stocks which showed strength for the whole 2010 year are now down.Banking sector is also falling because of the fear of raising interest rates by Reserve Bank of India in its credit policy review on 16 Dec 2010.European Markets are also falling,failing to resist the global breakdown in the faith of investors.
Though the sensex have fell so much but its not a long term crash,a stiff resistance is placed at 5700 levels in Nifty.Entering banking stocks at these levels is risky,wait for the credit policies to come.
Stock Recommendations(Buy):
1)Uflex at 150 levels for a short term target of 180
2)Indosolar between 22-23 for a target of 25 in 2-3 trading sessions.

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