BharatJhunjhunwala

The advance the stock had made in the last few weeks seems to be

Short
NSE:WIPRO   WIPRO LTD
The advance the stock had made in the last few weeks seems to be corrective rather than a attempt to move up. As of the stock has taken resistance at an resistance level and formed a dark cloud cover. A move below 243 will aggravate selling and the stock may test 238, 235 & 227 level. However a move above 251 will negate the bearish view and the stock may render into sideways movements again.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com