Wipro can touch Rs 385-390 on the higher side: Agarwal

Aditya Agarwal of Way2Wealth is of the view that Wipro can touch Rs 385-390 on the higher side.

Agarwal told CNBC-TV18, “We have seen defensive sector have seen some long rollovers FMCG, pharma and technology in all these three sectors we are seeing some long rollovers. Wipro is one stock which has not seen a significant rally like TCS or Infosys on lower levels. In Wipro but we are seeing some long positions getting rolled over in next series."

He further added, "We are expecting that Wipro may see some good amount of rally in next series so Wipro will be one stock in which long positions can be initiated. On higher side we are expecting target of Rs 385-390 in Wipro. On the other hand in Grasim we have seen some short built up so Grasim we will go short with a target of Rs 29.20-28.80 levels.”