Wipro and Nifty Technical Levels for May 13

WIPRO Wipro is looking weak on Daily charts as it near its lower end of trendline.Wipro is unable to cross short term moving average of 50 SMA making it a sell on rise candidate. Volume are lower end and a break of trendline low can lead ti a breakdown till rs 400 is possible on charts Sell below 431.6 Tgt 430,426 and 421     Nifty Hourly On Hourly Charts Nifty has again generated a Sell yesterday, Look out for trendline support mentioned in the charts. If 5450 gets broken we are in for some very bearish ...