The markets have corrected more than 5% from the closing highs of November 05, 2010. A correction was inevitable as the market had run up more than 11% in the month of September and remained flat, amidst high volatility in October. Nevertheless this correction should be used as a buying opportunity as we believe fundamentals of the Indian economy remain intact and that the money from the overseas will continue to chase growth.

Mentioned below are fundamental picks for the long term play.

S No	Company	Recommendation	CMP (Rs)	Target (Rs)
1	Biocon	Buy	406	550
2	Educomp Solutions	Buy	543	700
3	Glenmark Pharma	Buy	343	390
4	ITC	Buy	170	210
5	Hindustan Construction Co.	Hold	58	73
6	Marico	Buy	137	150
7	Amara Raja Batteries	Buy	185	260
8	Lanco Infratech	Buy	63	85
9	Grasim	Buy	2238	2900
10	TCS	Hold	1053	1100