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The stock of Just Dial has skyrocketed almost 40 per cent in the last three trading sessions. On Monday, it zoomed 20 per cent accompanied with huge volume to close at ₹609. Since early May, there has been a rise in daily volumes in this stock. The recent rally has breached key resistances at ₹500 and ₹550 levels. It now tests resistance at ₹600. A strong rally above this level can take it to ₹650 and then to ₹700. Traders need to be cautious. A fall below ₹550 can pull it down to ₹500 levels.
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