Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO

Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.

The abuzz with talks of the much-awaited initial public offer (IPO) of Life Insurance Corporation. The IPO is finally set to open fr subscription on May 4 in the price band of Rs 902 to Rs 949. Policy holders are likely to get a preferential treatment with a Rs 60 discount to the offer price.

Also WATCH: Should you take a slice of the LIC IPO pie? 

Presently, there are five major life insurance companies listed on the Indian bourses - namely - SBI Life Insurance Company, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Star Health and