Is Just Dial on the Way to a Big Move?

About 25 per cent of Just Dial’s open interest is presently held by only four clients of the National Stock Exchange (NSE). Moreover, 12 per cent of the open interest is held by merely 1 client. This concentration of open interest soared to 25 per cent from just 11.3 per cent last Wednesday, 17^th August. Since then Just Dial share price has traded in a tight range and declined only 4 per cent.

Curiously, on 17^th August, Just Dial witnessed the highest traded volumes at 89.8 lac shares and the highest delivery volumes of 9.15 lac shares seen since February 2016. February’s build-up was followed by a 28 per cent fall in the Just Dial stock in just 3 sessions.

Just Dial share price closed 4.48 per cent higher on NSE today. It opened at Rs.468.20 from a previous closing of Rs.467.30. The intraday high of the stock stands at Rs.499.50 while the intraday low reads at Rs.468.20.

Just Dial is among the top 500 Shares recognized by Dynamic Levels Research team at the end of every quarter out of the 1700 shares on NSE. The scrip has strong fundamentals and financials. By strong fundamentals, we mean that the scrip has not made any loss in the last two quarters. The pledge stands lower than 25 per cent while the debt equity is lower than two. Just dial is safe for investment as per market analysts. Seek more information on the financials and support and resistance levels of the scrip by visiting Just Dial share price history.