Zee Entertainment Enterprises Ltd. shares up 0.74% as Nifty drops

Shares of Zee Entertainment NSE 1.41 % Enterprises Ltd. gained 0.74 per cent to Rs 217.25 in Wednesday’s trade. It hit a high of Rs 220.2 and low of Rs 215.5 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 190.97, while the 50-DMA was at Rs 220.95. 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.