Bullish for WIPRO, INFY: ADRs Up, Signals Strong IT Opening

A message board post notes that Wipro (WIPRO) ADR, Nasdaq, and Infosys (INFY) are all up between 1.6-2%, leading to an expectation that Wipro's stock price will go up on Monday and continue its upward trend.

The performance of Indian IT company ADRs and the Nasdaq index (which heavily features tech stocks) are strong indicators for the opening and sentiment of the Indian IT sector. Positive cues from the US market often translate to gains in Indian IT stocks.

This suggests a positive opening for WIPRO and potentially other Indian IT majors like INFY on Monday. The IT sector, a significant contributor to Nifty, could see upward momentum, influencing the broader market.

Traders should observe the opening of WIPRO and other IT stocks on Monday. Look for sustained buying interest and volume. Key factors to watch include FII flows into IT, any new deal wins, and the overall global tech sentiment.

• •Wipro adr, nasdaq, infy all are up 1.6-2 percent.
• •Wipro stock price should go up on Monday and continue going up.
• •Risk flag: Any negative global tech news overnight
• •Risk flag: Profit booking after initial gap-up
• •Risk flag: INR appreciation impacting IT margins