The outlook for the stock of Life Insurance Corporation of India (LICI) (₹399.25) remains neutral. It has been moving in the narrow range of ₹360-440 and only a break away from this band will set a clear trend.

Immediate resistance and support appears at ₹410 and ₹383 respectively. A close above ₹432 has the potential to lift LICI to new highs. On the other hand, a close below ₹362 could drag the price to ₹325.

F&O pointers: LICI June futures closed at ₹398.05 and July futures at ₹398.90, at a discount to the spot price of ₹399.35. However, barring only a couple of days, the counter witnessed a steady build-up of open interest in the last one month. Option trading indicates that LICI could move in a tight band of ₹400-420.

Strategy: Go long on LICI June futures by keeping an initial stop loss at ₹393. Shift the stop-loss to ₹397 if the stock opens on steady-to-positive note on Monday. Target can be ₹411. Traders can stay out if the stock opens below ₹395 or above ₹402 on Monday.

This stock is one of the low volatile ones and may move slowly. Still, going long in futures is a risky strategy and requires higher margin commitments. So, this is not suitable for risk-averse traders.

Follow-up: Hyundai Motor India moved on expected lines in the first couple of days, providing profit opportunities, but recouped sharply on Thursday and Friday.

Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading.

Published on June 13, 2026