Anand James, Chief Market Strategist at Geojit Investments, shared his take on the market after a flat week. He said Friday’s RBI-driven optimism may not last long. A morning star pattern hinted at a temporary reversal, but resistance at 26,200 suggests limited gains. He expects a dip to around 26,085–26,065 before any strong climb. A breakout over 26,200 might push the index to 26,460–26,550 but likely without a sharp surge. The IT sector looks promising. Nifty IT broke above weekly resistance with a strong RSI near 60. Key players like TCS, Infosys, and Wipro are leading, with targets near 39,500. Derivative data shows traders adding long positions, supporting this bullish view. PSU banks showed selling pressure, but Friday’s rebound hints at cautious hope. Still, charts reveal weak momentum and possible short-term declines. Stocks like SBI and Indian Bank may see pullbacks early next week but could recover later. Anand recommends taking quick profits while staying alert. Kaynes shares plunged 21% on Friday, falling 43.5% since October. Its sharp drop signals risk of further fall toward February lows around Rs 3,825. Yet, the steep fall may have peaked fears, and a rebound above Rs 4,300 could mark recovery. For the week ahead, Anand advises buying COFORGE (current price Rs 1,977) targeting 2,080–2,180 with a stop-loss at 1,882, based on strong chart patterns. ABCAPITAL (current price Rs 358) is another buy pick, targeting 368–377 with stop-loss at 348, backed by solid weekly momentum. Stay connected with ETMarkets for the latest market news, expert tips, and stock updates on Sensex, Nifty, and trending shares like SBI, Infosys, and Wipro.