Shardul Kulkarni of Angel Broking told CNBC-TV18, "I would look at IT from a short perspective. Wipro can be one of the bets wherein one can go short and keep today's high as a stoploss."
He further added, "Wipro may move towards Rs 405-410 over the next 6-8 days. I am just looking at this as a correction in case of Wipro, because overall on the higher degree charts this stock definitely qualifies as a higher top higher bottom buy on declines whereas the whole market qualifies as a sell on rise."
"I am trading for the bounce and the bounce may last for 6-8 days, so Wipro would be a sell and Rs 405 would be my target price. Today's high would be the stop loss." Disclosure: It is possible that we have positions in stock discussed and we have recommended it to our clients.
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