NEW BEARISH Plays

WIPRO Ltd - WIT - close: 20.90 change: +0.23 stop: 23.55

Why We Like It:
WIT is an information technology (IT) services company. I suspect that technology stocks could rally tomorrow on CSCO's better than expected earnings tonight. Yet the rebound will probably be short lived and investors will sell the rally. I'm suggesting we use any bounce tomorrow as an entry point for bearish positions. Officially the newsletter is suggesting a trigger to open positions at $21.75 but you could use the $21.75-23.00 zone. If triggered our first target is $20.00. Our second target is $18.05.

Annotated chart:

Entry on  February xx at $xx.xx <-- TRIGGER @ 21.75
Change since picked:     + 0.00   			
Earnings Date          04/22/10 (unconfirmed)    
Average Daily Volume:       934 thousand
Listed on  February 00, 2009