Zee Ent. shares up 0.96% as Nifty drops

Shares of Zee Entertainment Enterprises Ltd. gained 0.96 per cent to Rs 194.0 in Friday’s trade. It hit a high of Rs 194.95 and low of Rs 192.6 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 232.66, while the 50-DMA was at Rs 198.05. 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.