Zee Entertainment Enterprises Ltd. shares up 0.93% as Nifty drops

Shares of Zee Entertainment NSE 0.32 % Enterprises Ltd. gained 0.93 per cent to Rs 223.4 in Thursday’s trade. It hit a high of Rs 225.15 and low of Rs 217.05 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 187.24, while the 50-DMA was at Rs 213.95. 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.