Buy L&T, Emmvee and RR Kabel once market selloff eases: LKP’s Rupak De

LKP's Rupak De sees further downside in Nifty as it slipped below 23600 and the 50 EMA, confirming a short-term downtrend, with a fall below 23600 potentially triggering a severe correction. HDFC Bank dropped over 9% post-earnings, broke below key support of 770, and looks like a sell-on-rise stock, while Bajaj Auto and M&M Financial Services showed quality breakouts but may be held back by broader market weakness. Top picks for the week include Larsen & Toubro (buy at 4091, target 4300, stop loss 3950), Emmvee, and RR Kabel, to be bought once the selloff eases.