Monday was a very stressful day for those investing money in the stock market. The bullish streak that was going on in the market for the last two days came to a sudden halt. National Stock Exchange’s (NSE) flagship index Nifty 50 has fallen by around 257 points. It closed at 22,888.95, a massive decline of 1.11 percent. This sharp decline of the market has also broken the important psychological level of 23,000. This setback has created an atmosphere of fear among investors.

What should investors do?

The big question in such an environment of fear is what should ordinary investors do? Jigar S., Equity Technical Research Manager at brokerage firm Anand Rathi. Patel has given important advice in this regard. He says investors should avoid panic selling their shares. Looking at the technical data, the Nifty hit a low of 22,180 on October 8. After this the index showed a great recovery in the market. So, if the market comes around 22,200, a better strategy would be to have some patience instead of selling in a hurry.

3 Short term earning stocks

Even though the overall market is sluggish, some stocks are showing strength on the technical front. According to brokerage Anand Rathi, these 3 stocks can be bet on for good earnings in short term.

1. Just Dial: The stock is currently running above all its important moving averages. He has given a strong breakout. Its charts are also indicating bullishness. On Monday it was priced at Rs. 745 was closed. Experts recommend buying it for Rs. 800 target price has been fixed. To avoid losses Rs. It would be better to set stop loss at 670.
2. Oriental Hotels: Another name suggested by the brokerage is Oriental Hotels. After building its base, the stock is clearly showing signs of going higher. The stock was at Rs 149.29 when the market closed on Monday. This stock is expected to generate good earnings in the short term. Experts have given a target of Rs.171 for this, while it is advised to keep the stoploss at Rs.140.
3. BSE: This stock of Bombay Stock Exchange is making very good pattern on technical chart. The old breakout level is acting as a strong support for it. Experts value this stock at Rs. Advised to buy in the range of 3250 to 3400. On Monday it was Rs. 3,336 was closed. It is believed that this share will soon cross Rs. 4000 can touch the big target. For a safe investment, the stop loss is Rs. should be set to 3000.