Zee Ent. shares fall 0.18% as Nifty drops

Shares of Zee Entertainment Enterprises Ltd NSE -2.04 %. slipped 0.18 per cent to Rs 246.75 in Thursday’s trade. It hit a high of Rs 250.1 and low of Rs 242.05 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 252.76, while the 50-DMA was at Rs 261.3. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.