Go long on Wipro , says Anu Jain, Vice President, IIFL Private Wealth Management.
Jain told CNBC-TV18, "The way Infosys has fallen from those Rs 2800 plus levels, the support now is at about Rs 2500 to 2520 and even crossing Rs 2620 is going to be an effort. So it may make and effort to go up to Rs 2620 to 2640, consolidate there and stick around there because now its closer to support levels, so I don't see a bigger sell off coming at least in the shorter term. Because if it breaks Rs 2500 then the next support is at Rs 2380, so that is going to be a real tough fall but doesn't look right now its happening."
She further added, " HCL Tech has broken Rs 401 level and can move to about Rs 378-380. TCS also is holding on, I think the only chart which is not showing that bad a breakdown is Wipro. So it's hovering around its 50 DMA, I think that is showing scope, probably that could pull up 4-5% as a pullback amongst all of them. So that is looking the safest to go long."
