Buy Wipro for the target prices of Rs 418.50/421.50/Higher with a stop loss of Rs 407.6: ICICIDirect

Last Updated: Thu, May 10, 2012 05:03 hrs

​We said, "previous support turning into resistance ... could open further downsides of 16400-50 ..." Opening lower, Index hit our target 16400-50, and turned volatile. Failing to sustain 179-pt recovery, it ended 67 pts lower. Except FMCG, thanks to ITC, most sectors ended flat to -ve. The A/D ratio continued negative at 1:4.


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