Zee Ent. shares up 0.5% as Nifty drops

Shares of Zee Entertainment Enterprises Ltd. gained 0.5 per cent to Rs 266.65 in Monday’s trade. It hit a high of Rs 269.95 and low of Rs 264.1 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 221.13, while the 50-DMA was at Rs 256.25. 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.