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Ram ChaturvediRam Chaturvedi 

Can we create a view on the basis of recently modified particular field ?

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BHinnersBHinners
You should look into tracking the field history for any particular field:
https://help.salesforce.com/HTViewHelpDoc?id=tracking_field_history.htm&language=en_US
I think you would then need to report on the field history to actually search for "recent" changes to that field.  And to define what 'recent' means in your case.
 
YuchenYuchen
I think you can create a view with Last Modified Date, then just sort by descending of that that column. Or you can filter by Last Modified Date and get the records that you are interested in.