Strong & Immediate support for LIC is 486-487. A good pullback can be seen upto 505 from here. If broken & sustain below 485, then 463 is target.
"Simple Chart speak better Story"
Note: This is for education purpose only. I am not SEBI regd Analyst.
Nifty weekly chart is showing negative divergence with RSI. Although Nifty psychological target is 16000 and 1.618% extension target from 14151 is 16222. Once nifty crosses 16000, selling OTM calls will be a good option for 500 points downside at least.