Zee Entertainment surged over 5% Friday on heavy volumes, driven mainly by short covering and technical factors. SEBI RA Varunkumar Patel said support lies at ₹115-117, with resistance at ₹126-130. A decisive close above ₹130 could trigger a breakout toward ₹140-145. Fundamentals remain weak due to the Sony merger delay and soft ad environment, but traders eye near-term momentum.