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Last Updated : May 30, 2013 10:55 AM IST | Source: CNBC-TV18

Go long on Wipro, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com says traders should consider going long on Wipro as he feels the stock will give a breakout.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Wipro is a higher quality long. It has been consolidating in a very narrow range, as if it has given up, it is not going to go down and it is not going to go up. However, good stocks do not give up, they eventually take a direction. Since IT is broadly bullish, I would expect Wipro to give a breakout. Even today it is possible."

He further added, "Today also the slightest sign of strength, traders should consider going long in it and if it works out, carry on and those who are not day trading, buy Options here."

First Published on May 30, 2013 10:45 am