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Stock of the day : Buy Wipro Ltd For Target Rs.442 - Religare Broking
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Wipro
* WIPRO has formed a strong base around 380, after spending nearly 3 months in consolidation.
* Crossed the immediate hurdle at 100 EMA on the daily chart now. Expect recovery to strengthen.
* The recent buoyancy in the other IT majors is added positive.
* We thus suggest accumulating fresh longs as per the given levels.
Technical Chart : Daily
Buy Wipro Ltd CMP: 407 Range: 403-406 SL: 388 Target: 442
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