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JK Tyre & Industries will announce its second quarter numbers, today. On Monday, the stock gained 1.6 per cent accompanied with good volume and closed at ₹98.1. This upmove has surpassed the 21-day moving average. Since registering a 52-week low at ₹87.7 on October 9, the stock has been trending up. A key resistance is at ₹100. Traders should be cautious as long as it trades below this level. A break can take it to ₹110 in the coming weeks.
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