Go long in Wipro, target Rs 602: Siddarth Bhamre

Siddarth Bhamre of Angel Broking told CNBC-TV18, "Wipro has strong support in the range of Rs 550-560 which the stock is not breaching and I feel it may not breach. We are seeing traces of formation of fresh long position. We would suggest going long here having a price target of around Rs 602. A small stop loss of Rs 558 can do and position traders can trade with positive bias in this stock."At 09:56 hrs Wipro was quoting at Rs 583.45, up Rs 10.75, or 1.88 percent. It has touched an intraday high of Rs 587.00 and an intraday low of Rs 578.15.