Updated on 14 May 2026 @ 7.00 PM
SBIN Option Chain Strategy Today (26 May Expiry)
Today’s Options Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| SBIN | 980 PE Buy | Rs. 25 – 27 | Rs. 38 / 50 | Rs. 18 |
| SBIN | 1000 CE Buy | Rs. 8 – 10 | Rs. 15 / 22 | Rs. 5.50 |
Execution Plan
| Condition | Action |
|---|---|
| Below 970 | Buy 980 PE |
| Above 990 | Buy 1000 CE |
| 970 – 990 | High Volatility No Trade Zone |
🔽 Have you studied today’s
👉 Bank Nifty Option Chain Strategy?
Why This Strategy?
| Factor | Observation |
|---|---|
| Closing Price | 979.90 |
| Trend | Short-term bearish, medium-term bullish, long-term bullish |
| RSI | 34.17, weak momentum zone |
| MACD | Negative structure intact |
| Option Data | Heavy Call writing visible near 980–1000 zone |
| Technical Setup | Stock trading below key short-term moving averages |
Support and Resistance (Option Chain Based)
| Type | Levels |
|---|---|
| Immediate Support | 970 – 960 |
| Strong Support | 950 – 940 |
| Immediate Resistance | 980 – 990 |
| Strong Resistance | 1000 – 1025 |
Key Levels
| Level Type | Price |
|---|---|
| Pivot Strike | 980 |
| Downside Trigger | 970 |
| Upside Trigger | 990 |
PCR Analysis Today
| Strike | PCR | Interpretation |
|—|—|
| 940 | 3.57 | Strong Put support |
| 950 | 2.83 | Strong bullish support base |
| 960 | 1.12 | Balanced structure |
| 980 | 0.40 | Heavy resistance zone |
| 1000 | 0.47 | Aggressive Call writing |
👉 Bias: Weak below 970, recovery only above 990
Max Pain Today
| Metric | Level |
|---|---|
| Max Pain Zone | 980 |
Intraday Strategy (Option Chain Based)
| Scenario | Expectation | Trade Strategy |
|—|—|
| Above 990 | Recovery rally toward 1000 / 1025 | CE Buy |
| Below 970 | Selling pressure toward 960 / 950 | PE Buy |
| 970 – 990 | Volatile sideways market | Avoid aggressive option buying |
Technical View Today
| Indicator | Signal |
|---|---|
| Momentum | Weak short-term structure |
| Bollinger Band | Trading near lower band |
| ADX | 23.15, bearish trend strength visible |
| MACD | Negative momentum continues |
| Moving Averages | Below 20DMA, 34DMA & 50DMA |
| RSI | 34.17, near oversold zone |
| Stochastics | Oversold territory |
| ATR | High volatility expected |
Trading Meaning
| Factor | Analysis |
|---|---|
| Technical Structure | SBIN witnessing short-term corrective pressure |
| Resistance Zone | Heavy Call writing visible at 980–1000 |
| Support Zone | Put writers defending 950–960 zone |
| Bullish Trigger | Sustained move above 990 may trigger short covering |
| Bearish Trigger | Breakdown below 970 can intensify selling |
| Trading Strategy | Focus on directional breakout confirmation |
Pro-Level Upgrade (What Big Players Do)
| Pro Setup | Institutional Behaviour |
|---|---|
| Near 980–1000 | Call writers likely defending aggressively |
| Below 970 | Bears may attempt momentum breakdown |
| Gap-Up Opening | Smart money waits for confirmation above resistance |
| Inside 970–990 | Premium decay likely dominates |
| Volatility Strategy | Fast intraday trades preferred |
Smart Trader Insight
| Situation | Professional Approach |
|---|---|
| Gap-Down Opening | Avoid panic PE chasing near support |
| Sharp Recovery Near 970 | Watch for short covering bounce |
| Expiry Volatility | Maintain disciplined stop losses |
| Sideways Market | Avoid overtrading due to rapid premium decay |
Final SBIN Outlook Today
SBIN enters today’s session with a weak short-term undertone as the stock continues trading below important short-term moving averages while momentum indicators remain under pressure.
Option chain data indicates aggressive Call writing near the 980–1000 strikes, suggesting that upside may remain capped unless strong short covering emerges above 990.
However, Put writers continue defending the 950–960 zone, indicating that medium and long-term structure still remains constructive despite current correction.
👉 Above 990: Recovery rally may extend toward 1000–1025
👉 Below 970: Selling pressure may drag the stock toward 960–950
👉 Between 970–990: Expect premium decay and volatile sideways movement
Traders should remain selective and focus on breakout confirmation instead of emotional option buying amid elevated expiry volatility and weak short-term momentum.
🔽 Have you studied today’s
👉 Nifty Option Chain Strategy?