Wipro looks attractive, says Sudarshan Sukhani

Wipro is looking attractive, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "All infra stocks are building bases and they are coming out of it. So this 3-4-5% gains have come on breakouts. That is good news because that is not likely to be the end of this upmove. So, NCC is likely to move up more but at some point profits must be taken, don’t expect this to become a new bull market. There is momentum on the upside, which is likely to be sustained. It is important to remember that that momentum will also peter out sometime. So just take your exits carefully. Take profits and go away."
He further added, "I am upbeat on information technology. IT has gone through a very mild correction with Infosys leading the pack. Yesterday’s decline in Wipro gives us a buying opportunity. The charts of Wipro are very attractive. Unless something changes very dramatically with the index itself, in which case all these charts will turn around. If that  doesn’t happen at current prices, after yesterday’s decline Wipro is very attractive as a long candidate."