Wipro has strong support around Rs 390, says Sukhani

Wipro has strong support around Rs 390, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “Wipro charts are quite cheerful. I would expect support to come in around Rs 400 which is where it is now. Rs 390-400 is a strong support zone. If support holds then I would be a buyer in Wipro not a seller.”
On Jan 18, Wipro closed at Rs 397.15, down Rs 33.95, or 7.88%. It has touched an intraday high of Rs 439.70 and an intraday low of Rs 395.25.
It trades 12.23% below its 52-week high and 18.52% above its 52-week low.  Market capitalisation stands at Rs 97,800.37 crore.