LICI (LIC India) OVERVIEW

LICI SELL 857 TGT 851/848 SL 890 

 LICI (LIC India) is currently weak in the short term, trading near lower support zones; any longs should be very selective with tight risk control. Below are the key nearby levels for reference.​

Key price levels (spot)

• Recent spot price zone: around 860–910 on NSE, with a soft downtrend in the last few weeks.​

• Intraday bias: Price is trading near/below key pivot support, indicating pressure from sellers on rallies.​

Support and resistance

• Immediate supports (cash levels):

  • S1: around 848–850 (daily classic pivot).​

  • Deeper supports: 836–842 zone; break and sustain below can extend downside.​

• Immediate resistances:

  • R1: around 868–870 (daily pivot resistance).​

  • Higher resistances: 875–887 band; strong supply expected on first test.​

Support / resistance snapshot

Zone type	Levels (approx.)
Resistance	868–870 / 875–887 ​
Support	848–850 / 836–842 ​

Trading view with targets & SL

• For aggressive intraday long (only if price sustains back above pivot ~856–860 with volume):

  • Entry zone: 858–865.

  • Upside targets: 872 then 880–885.

  • Stop-loss: below 848 on cash closing basis.

• For short bias (preferred if price stays below 855–858 and rejects 868–870):

  • Entry zone: 865–870 on weak bounces.

  • Downside targets: 852 then 842–836.

  • Stop-loss: above 880 on cash closing basis.

Positional swing perspective

• Some market ideas are looking for a larger move toward 970–985 and above only if price can reclaim and sustain above the 900–910 zone; till then, risk–reward favours selling on rises rather than fresh positional longs.​

• Indicators presently show more of a neutral-to-bearish short-term tone (RSI near lower mid-range, price below key supports), so fresh delivery buying is better staggered near strong supports with strict money management.​

If you share your intended timeframe (pure intraday vs 2–5 day swing) and your average price, a more tailored target–SL plan can be laid out