Zee Entertainment Enterprises Ltd. shares up 4.68% as Nifty gains

Shares of Zee Entertainment NSE 6.76 % Enterprises Ltd. gained 4.68 per cent to Rs 229.25 in Friday’s trade. It hit a high of Rs 230.0 and low of Rs 221.15 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 181.16, while the 50-DMA was at Rs 204.81. 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.