Short Wipro around Rs 393: SP Tulsian

SP Tulsian, sptulsian.com advises to short Wipro around Rs 393.

Tulsian told CNBC-TV18, “I will go short on Wipro because the kind of weakness we have seen in the stock since morning is likely or may get aggravated maybe in this last 45 minutes. So maybe one can go short at the current level of Rs 393-393.50 with a stop loss of Rs 396, maybe a stop loss of Rs 2.50 and look for a target of Rs 388 maybe by close of the market.”
On April 09, Wipro closed at Rs 393.80, down Rs 54.65, or 12.19 percent. It has touched an intraday high of Rs 418.25 and an intraday low of Rs 390.60.