Zee Entertainment Enterprises Ltd. shares falls 3.24% as Nifty drops

Shares of Zee Entertainment NSE -3.64 % Enterprises Ltd. slipped 3.24 per cent to Rs 201.9 in Friday’s trade. It hit a high of Rs 208.5 and low of Rs 201.6 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 194.11, while the 50-DMA was at Rs 219.9. 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.