Wipro Update 07042012

Wipro has been facing resistance at the 435-450 last few weeks and supports at 420 odd level.Its trying to break out of this range.The momentum looks positive as long as it is above the  level of 437.50.Break above the 450 level can touch 474-491 levels for Wipro.Breach of 420 level will take it down to 414-406-398 levels again.