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Stock picks for July 8 Hemen Kapadia/ Morpheus Inc | July 07, 2003 22:56 IST The market has cooled off a bit from its intra-day high to end almost flat. Banks, capital goods, IT and PSUs were the positives of the day while consumer durables, FMCG and pharma retreated in varying degrees. Volume was a tad lower (read as turnover) while the undertone was mixed. Sensex -- Last Close: 3612.53 | Support: 3545, 3467 | Resistance: 3651, 3759 Trading Range -- The Sensex opened at 3631.46, moved up to an intra-day high of 3645.42, declined to an intra-day low of 3607.10 and closed at 3612.53. Review/Outlook -- The Sensex has reflected minor weakness by breaching the previous session's intra-day low and could remain range bound today while the intermediate uptrend remains intact. Aurobindo Pharma -- Last Close: 442.45 | Support: 432, 395 | Resistance: 463, 517 Trading Range -- The scrip opened at 419.40, moved up to an intra-day high of 449.40, declined to an intra-day low of 416.25 and closed at 442.45. Review/Outlook -- The scrip has reflected strength by posting a 29 month high and with the oscillators looking strong, a further upside seems possible. Adani Exports -- Last Close: 202.45 | Support: 195, 184 | Resistance: 223, 260 Trading Range -- The scrip opened at 200.50, moved up to an intra-day high of 204.00, declined to an intra-day low of 200.50 and closed at 202.45. Review/Outlook -- The scrip is in the midst of an intermediate uptrend and with the oscillators signalling a buy, a further upside cannot be ruled out. BSES -- Last Close: 290.20 | Support: 290, 268 | Resistance: 328, 392 Trading Range -- The scrip opened at 283.90, moved up to an intra-day high of 295.45, declined to an intra-day low of 279.50 and closed at 290.20. Review/Outlook -- The scrip has given an upward breakout from a consolidation phase and with the oscillators looking positive, further appreciation seems to be on the cards. Oriental Bank -- Last Close: 168.00 | Support: 150, 135 | Resistance: 175, 200 Trading Range -- The scrip opened at 162.00, moved up to an intra-day high of 169.80, declined to an intra-day low of 160.00 and closed at 168.00. Review/Outlook -- The scrip has reflected strength by giving an upward "bar" reversal (bullish intra-day pattern) and with the indicators looking firm, a further upside seems to be on the cards.
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