Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Wipro is an excellent chart. It has gone into a very narrow consolidation for one-and-a-half month. It is on the verge of breaking on the upside. Therefore, among the IT stocks, Wipro has the best options for seeing some kind of a rally. The others like Tata Consultancy Services (TCS) are now giving signs that they are going to pause for sometime."
"So, Wipro has a good chart, we want to buy it today and we can ignore the market dynamics for what happens for Futures and Options (F&O). Wipro can be bought into," Sukhani said.
At 10:21 hrs Wipro was quoting at Rs 348.40, up Rs 0.85, or 0.24 percent. It has touched an intraday high of Rs 351.70 and an intraday low of Rs 346.00.
The share touched its 52-week high Rs 462.85 and 52-week low Rs 315.30 on 05 April, 2013 and 31 May, 2013, respectively. Currently, it is trading 24.73 percent below its 52-week high and 10.5 percent above its 52-week low. Market capitalisation stands at Rs 85,831.65 crore. Also Read: IT stocks buck weak market trend, gain over 3% on Re fall
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