Buy Wipro, says Sudarshan Sukhani

Buy Wipro, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I have not given up on Wipro. It has come back to that Rs 390 strong support. It is bouncing from there. It has been an underperformer. However, for the last two days it is doing good things. It is closing higher, actually closing above the open.”
He further added, “My sense is that with Infosys locked in a trading range, Tata Consultancy Services (TCS) now probably facing some kind of resistance at higher levels, it is quite easily possible for Wipro to maintain the tempo that it has just started on. So Wipro is a buying opportunity.
The share touched its 52-week high Rs 450.70 and 52-week low Rs 335.10 on 04 April, 2012 and 26 October, 2012, respectively. Currently, it is trading 10.78% below its 52-week high and 19.99% above its 52-week low. Market capitalisation stands at Rs 99,022.90 crore. Disclosure: I have no holdings or interest in the stock discussed.