Short Wipro, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Wipro has a disappointing chart. I would have love to put it in my buy list, but the charts are suggesting something different in spite of the fact that IT index is bottoming out, Tata Consultancy Services (TCS), HCL Technologies, Infosys are doing the right things."

He further added, "Wipro is almost at its lows that it recorded a few weeks ago. Therefore, a stock that is at the lows suggests that even the slightest nudge pushes it to new lows and that is not good news. So, in spite of the fact that I would not sell IT or even the index, Wipro individually becomes a short sell, it is probably suggesting that it is doing something different."