Zee Ent. shares up 0.03% as Nifty drops

Shares of Zee Entertainment Enterprises Ltd. gained 0.03 per cent to Rs 196.9 in Friday’s trade. It hit a high of Rs 198.8 and low of Rs 195.7 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 238.86, while the 50-DMA was at Rs 207.09. 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.