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Hi Balamuruga. Its nice to know that you have chosen stock market as an investment option. And seeing at your question confirms that you will be a very safe player. It would have better if you would have defined your short and long term span. Well, I would like to suggest you Midcap/Largecap stocks for your short term and long term span. Penny stocks are very risky for investments especially if you are entering in the market. For both short and long term, Pharma and IT stocks are very attractive. Specially, TCS, Wipro, Infosys, SBI, JP Associates, Hindustan Construction Company, Sterling are good for long term. For short term Unitec, PSL Limited, Gujarat NRE Coke are at attractive prises are are ready for break out. Please do not forget to put stop loss for your short term stocks. Happy trading.