Tips for Investing in Present Scenerio?

I have sold-out scrips/MFs to reduce the impact of recent downfall in the market.

I have got amount of the order of Rs 10 Lakhs identified for re-investment.

Looking for advises. Should iIreinvest in market at this juncture or Not? Earlier I had invested around 40% in stocks and 60% in MFs.

Specific stocks and MFs advise will be a great help.