📊 LIC OF INDIA – Bullish Attempt in Progress
Date: 06-Aug-2025
CMP: ₹900.65
Daily Change: ₹8.40 ( 0.94%)
900CE CMP: ₹24
🔍 Technical Breakdown:
✅ Support Zone: ₹869 – ₹896
🔺 LIC has respected the lower 200DMA Zone
🔺 Current price is hovering around key psychological resistance at ₹900, trying to reclaim the 20 MA.
📈 RSI @ 46.43 – showing mild positive divergence, turning upward from the oversold zone, suggesting early bullish strength.
📉 Immediate Resistance Levels: ₹912, ₹935
🔻 Downside Support Levels: ₹877, ₹869
🧠 900CE Option View (CMP ₹24):
Option has room to appreciate if LIC sustains above ₹900.
Breakout above ₹912 can rapidly push the option premium above ₹35–₹40.
Stop-loss can be kept at spot ₹895 for intraday buyers.
🔸 Bias: Cautiously Bullish
🔸 Momentum Building, watch for volume confirmation & breakout above 912.
👤 Analysis by: Sonu Sharma | Founder – Optifutures Financial
📢 Disclaimer: This content is for educational purposes only. Not a buy/sell recommendation. Do your own analysis or consult a SEBI-registered advisor before investing.
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