Zee Ent. shares fall 2.16% as Nifty gains

Shares of Zee Entertainment Enterprises Ltd NSE 1.89 %. slipped 2.16 per cent to Rs 253.75 in Tuesday’s trade. It hit a high of Rs 261.4 and low of Rs 252.2 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 271.97, while the 50-DMA was at Rs 231.62. 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.