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NISM Certified Research Analyst & Mutual Fund Distributor.

Wednesday 5 June 2013

WIPRO 6513

THE COUNTER HAD A GOOD SUPPORT AROUND 333 LEVELS WHICH IT WAS HOLDING ON A CLOSING BASIS. HOWEVER DURING RECENT PAST IT IS CLOSING BELOW THE SAID LEVELS AND NOW FINDING RESISTANCE AROUND ITS SUPPORT LINE OF TRIANGLE. WITH INDICATORS LOOKING MODERATELY BEARISH WE ARE OF THE OPINION THAT THE COUNTER MAY WEAKEN FURTHER. RECOMMEND SELL AT 325 WITH CLOSING SL OF 333 TGT 312-309. 



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