Wipro has support at Rs 520: Daryl Guppy

Wipro has support at Rs 520, says Daryl Guppy, Founder & Director of Guppytraders.com.

Guppy told CNBC-TV18, "IT is a strong sector at this stage and strong in the sense that there are no upside targets created by chart patterns and other resistance features. So Infosys for instance we are able to buy on the dips back to their underlying trend line with no defined target, we are simply riding over momentum. Wipro has a very strong trend with a good support around Rs 520. Again we buy on dips in anticipation of rebounds and there are no well-defined upside targets for Wipro."