After posting of 18% jump in profit why wipro corrected...

Wipro Q3 profit rises 18% to Rs 1716 cr; joins Infosys, TCS in beating profit forecasts   http://articles.economictimes.indiatimes.com/2013-01-18/news/36415783_1_wipro-q3-consumer-care-wipro-s-executive-director
result  stock  down by 8%....
kya zamana he ...
subah 8 baje bola beating forecasts
later said " corrected due to  muted guidance..."
Opened gap up as news was 18 % jump in profit  ...later trapped   traders who bought on positive news  

Software-to-soap conglomerate Wipro Ltd’s net profit rose 18 per cent for the third quarter this fiscal, beating street expectations, but gave a muted guidance for the next quarter for its IT services business sending its stocks hurtling to a four-year low.

Wipro stocks tanked nearly 8 per cent to close at Rs 397.15, the lowest since January 2009, shaving off Rs 8,364 crore in market value.

http://www.thehindubusinessline.com/industry-and-economy/info-tech/wipro-q3-net-rises-18-but-scrip-hits-4year-low-on-forecast/article4318913.ece?ref=wl_industry-and-economy

but we feel it was gr8 game plan played by option writers ...have a look at accumulation of ce 420  and 440 ...compare to pe  440  and 420 ...
for upside move writers to pay more for 420  ce buyers for 14lac shares and 440 ce buyers for 13 lac shares see  open interest ...so quick fall  in scrip boosted their capital manifolds in a day...

INST.	OPTION	EXDATE	STRIKEPR	OPEN	HIGH	LOW	CLOSE	CONTS.	OPENINT	C'O'INT	COST Rs.
FUTSTK	XX	31-Jan-2013	0.0	438.2	439.0	395.55	397.4	11,364	4,598,000	509,000	198,700.0
FUTSTK	XX	28-Feb-2013	0.0	437.25	437.25	398.6	400.2	488	255,000	107,000	200,100.0
FUTSTK	XX	28-Mar-2013	0.0	418.0	420.65	401.9	401.9	11	13,000	-1,000	200,950.0
OPTSTK	CE	31-Jan-2013	380.0	52.0	52.0	18.9	20.7	28	22,000	6,000	10,350.0
OPTSTK	CE	31-Jan-2013	400.0	19.95	21.4	6.0	6.95	669	327,000	247,000	3,475.0
OPTSTK	CE	31-Jan-2013	420.0	15.85	16.85	1.95	2.45	3,215	1,403,000	1,125,000	1,225.0
OPTSTK	CE	31-Jan-2013	440.0	9.1	9.25	0.8	1.1	2,847	1,314,000	661,000	550.0
OPTSTK	CE	31-Jan-2013	460.0	4.5	4.5	0.45	0.55	1,668	901,000	239,000	275.0
OPTSTK	CE	31-Jan-2013	480.0	1.55	1.55	0.25	0.4	275	177,000	29,000	200.0
OPTSTK	CE	31-Jan-2013	500.0	1.5	1.5	0.25	0.4	61	53,000	24,000	200.0
OPTSTK	PE	31-Jan-2013	360.0	0.6	1.15	0.4	0.9	38	35,000	9,000	450.0
OPTSTK	PE	31-Jan-2013	380.0	1.0	3.5	0.55	2.9	652	188,000	79,000	1,450.0
OPTSTK	PE	31-Jan-2013	400.0	1.2	10.45	1.0	9.4	1,336	222,000	-44,000	4,700.0
OPTSTK	PE	31-Jan-2013	420.0	3.6	26.1	3.6	24.15	798	169,000	-180,000	12,075.0
OPTSTK	PE	31-Jan-2013	440.0	10.7	44.5	10.7	42.2	143	57,000	23,000	21,100.0
OPTSTK	PE	31-Jan-2013	460.0	25.8	64.1	25.8	64.1	7	2,000	1,000	32,050.0
OPTSTK	CE	28-Feb-2013	400.0	18.7	18.7	13.0	15.05	5	5,000	3,000	7,525.0
OPTSTK	CE	28-Feb-2013	420.0	7.1	7.1	7.1	7.1	2	3,000	2,000	3,550.0
OPTSTK	CE	28-Feb-2013	440.0	11.35	11.35	1.3	3.9	34	25,000	22,000	1,950.0
OPTSTK	PE	28-Feb-2013	360.0	3.0	3.0	3.0	3.0	4	4,000	4,000	1,500.0
OPTSTK	PE	28-Feb-2013	400.0	10.0	16.25	9.5	16.25	7	6,000	6,000	8,125.0