Not much strength seen in Patni Computers: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in a chat with ET Now talks about Patni Computers.

Patni Computers from the midcap IT space, have you taken a look at the charts there?

Yes, but I do not see that much strength. In fact midcap IT also is a little mixed. Patni at 580-585 there is a very strong resistance and in case it breaks on the lower side at 550 levels, then it can come down to possibly 525-530. So I would not take a bet on Patni at this point of time.