Stay away from Wipro, says Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can stay away from Wipro.

Sukhani told CNBC-TV18, "After the big gap down the chart is in a downtrend and one should be selling it, but I would not sell Wipro at these current levels. I would simply avoid it and stay away."
At 10:57 hrs Wipro was quoting at Rs 341.15, up Rs 1.80, or 0.53 percent. It has touched an intraday high of Rs 347.70 and an intraday low of Rs 340.55.
The share touched its 52-week high Rs 462.85 and 52-week low Rs 328 on 05 April, 2013 and 22 April, 2013, respectively. Currently, it is trading 26.29 percent below its 52-week high and 4.01 percent above its 52-week low.
Market capitalisation stands at Rs 84,023.02 crore.