Buy Zee Entertainment; target Rs 278: ICICIdirect ICICIdirect.

com is bullish on Zee Entertainment

Enterprises and has recommended buy rating on the stock with a target price of Rs 278 in its October
18, 2013 research report. ICICIdirect.com More about the Brokerage... Source: Moneycontrol.com 1
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investors on M3 Buy Zee Entertainment; target Rs 278: ICICIdirect ICICIdirect.com is bullish on Zee
Entertainment Enterprises and has recommended buy rating on the stock with a target price of Rs 278 in
its October 18, 2013 research report. Post your opinion here Like this story, share it with millions of
investors on M3 Buy Zee Entertainment; target Rs 278: ICICIdirect ICICIdirect.com is bullish on Zee
Entertainment Enterprises and has recommended buy rating on the stock with a target price of Rs 278 in
its October 18, 2013 research report. Post your opinion here Comments (1) . Share . Email . Print .
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ICICIdirect.com's technical breakout on Zee Entertainment Enterprises For the last one year Zee has
been holding above 220 levels. During this period, the intraday declines below this level have been
immediately bought into. This shows strength in the stock and after given due time for consolidation it
seems ripe for another up move. The futures open interest increased from 2700 to 4400 contracts (62
percent increase) when the stock moved up from 227 to 252 levels. Later some long liquidation was
seen and the stock came down till 242 levels. Recently when it has been holding above 240, the open
interest has again started moving up and it has surpassed the previous high levels of open interest. The
OI has moved up from 3680 to 4640 contracts (26 percent increase) recently.


Recommendation Buy Zee Entertainment in cash in the range of Rs 247-252
Target: Rs 278Stop loss: Rs 234

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