New Delhi, May 12 -- Stocks to buy for the short term: The Sensex and the Nifty 50 fell for the third consecutive session on Monday, 11 May, as the hopes of a possible US-Iran talks weakened, crude oil prices jumped, and the rupee fell to record lows. Prime Minister Narendra Modi's austerity call also influenced sentiment.

The Nifty 50 plunged 1.50% to close the day at 23,815.85. On Tuesday, the index may fall further amid weak global cues.

Experts believe that if the index falls below 23,800, it may drop to 23,500 or even lower.

Experts say this is the time to bet on stocks with strong fundamentals and favourable technical indicators at this juncture.

Vishnu Kant Upadhyay of Master Capital Services and Hitesh Tailor of Choice Broking...