Above Rs 460, Wipro has target of Rs 540: Gujral

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Above Rs 460, Wipro has target of Rs 540: Gujral

Technical Analyst, Ashwani Gujral is of the view that above Rs 460, Wipro has target of Rs 540. The smaller tech stocks are also looking good, he added.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Wipro See messages about Wipro Wipro BSE | NSE 28/05/12 Are Mutual Funds betting on Wipro? Other Stocks in this news MphasiS | Patni Computer Systems | Rolta India |

Technical Analyst, Ashwani Gujral is of the view that above Rs 460, Wipro has target of Rs 540.

Gujral told CNBC-TV18, "If Wipro can stay above Rs 460, the next is Rs 540.  Infosys target could be around Rs 2050. The smaller tech stocks are also looking good. Mphasis is looking to make fresh highs that could go up to Rs 460. Patni could go up to Rs 335-340. Rolta has been looking quite good. That could go back to Rs 155-160 so tech could led the next part of this rally and clearly that is one space that has been ignored and that is a reasons that it has been able to move so fast because nobody has positions in tech and everybody is in real estate, infra and all those type of stocks."

Disclosure: It is safe to assume that analyst and his clients may have investment interest in the stocks/sectors discussed.