Has the worst ended for IT stocks? Geojit’s Anand James sees a bullish turn emerging

Geojit's Anand James sees a bullish turn emerging for IT stocks, with the Nifty IT index gaining about 2% on the week. Technical indicators including weekly reversal candles near major support, RSI turning up from oversold territory, and a MACD nearing a bullish crossover suggest improving risk-reward for bulls, with a break above 28250 potentially leading towards 28850. Separately, Kalyan Jewellers hit a fresh 52-week high ending 25% up but faces resistance near 480-490, while Trent dropped 13% after a disappointing Q1 update, and SWSOLAR is his top pick with a target of 258 and stop loss at 224.