Updated on 24 June 2026 @ 9.00 PM
Today’s SBI Outlook
Bullish Above: Rs. 1046
Bearish Below: Rs. 1022
Expected Range: Rs. 1022 – 1057
Best Trade Today: Buy 1050 CE above Rs. 1046
SBI Levels Today: Support, Resistance, Option Chain & Trade Setup
SBI closed at Rs. 1034.60 and continues to maintain its position above the 20 DMA, 34 DMA, 50 DMA and 200 DMA, indicating that the broader structure remains constructive despite some medium-term weakness.
The stock has gained 6.70% over the last month and is showing signs of fresh accumulation. A positive MACD crossover, improving momentum indicators and a bullish short-term trend suggest buyers continue to remain active near support zones.
As long as SBI remains above Rs. 1022, the stock can attempt a move towards Rs. 1046–1057. A breakout above Rs. 1046 could trigger fresh momentum buying towards Rs. 1081, while a fall below Rs. 1022 may result in profit booking towards Rs. 1009.
Today’s bias remains cautiously bullish.
Key SBI Levels Today
| Level | Price |
|---|---|
| Support 1 | Rs. 1022 |
| Support 2 | Rs. 1009 |
| Pivot | Rs. 1033 |
| Resistance 1 | Rs. 1046 |
| Resistance 2 | Rs. 1057 |
Chanakya View
👉 Above Rs. 1046: Buy 1050 CE for targets of Rs. 1057–1081.
👉 Above Rs. 1057: Fresh breakout may trigger a move toward Rs. 1081–1105.
👉 Below Rs. 1022: Profit booking may emerge towards Rs. 1009.
👉 Between Rs. 1022–1046: Expect consolidation and premium erosion.
SBI Option Chain Strategy Today – 30 June Expiry
Today’s Options Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| SBI 1050 CE | Buy Above Breakout | Rs. 4 – 6 | Rs. 12 / 18 | Rs. 2 |
| SBI 1040 CE | Buy on Strength | Rs. 8 – 10 | Rs. 16 / 24 | Rs. 5 |
| SBI 1020 PE | Buy Below Support | Rs. 4 – 6 | Rs. 10 / 15 | Rs. 2 |
Why This Trade?
• SBI remains above its 20 DMA, 34 DMA, 50 DMA and 200 DMA.
• Short-term trend is bullish while long-term trend remains bullish.
• MACD remains positive with an expanding histogram.
• RSI at 59.11 indicates healthy bullish momentum without being overbought.
• Option chain shows Put support around 1010–1020.
• Call writers are active near 1040–1050.
• Momentum indicators continue to favour the bulls.
• A move above 1046 can trigger short covering.
Support and Resistance
| Type | Levels |
|---|---|
| Immediate Support | Rs. 1022 – 1009 |
| Strong Support | Rs. 985 – 961 |
| Immediate Resistance | Rs. 1046 – 1057 |
| Strong Resistance | Rs. 1081 – 1105 |
Key Levels
| Level Type | Price |
|---|---|
| Pivot Point | Rs. 1033 |
| Downside Trigger | Rs. 1022 |
| Upside Trigger | Rs. 1046 |
| Major Resistance | Rs. 1057 |
| Strong Support | Rs. 1009 |
▶ PCR Analysis Today
| Strike | PCR Interpretation |
|---|---|
| 1010 | Strong Put support visible (PCR 1.43) |
| 1020 | Healthy support zone (PCR 0.82) |
| 1030 | Neutral zone (PCR 0.64) |
| 1040 | Call writers gaining control |
| 1050 | Strong resistance zone |
| 1060 | Aggressive Call writing |
| 1070 | Major resistance cluster |
Bias: Bullish above Rs. 1046, weak below Rs. 1022.
▶ Max Pain & Execution Plan
Max Pain Today
| Metric | Level |
|---|---|
| Max Pain Zone | Rs. 1030 – 1040 |
Execution Plan
| Condition | Action |
|---|---|
| Above Rs. 1046 | Buy 1050 CE |
| Above Rs. 1057 | Add CE Positions |
| Below Rs. 1022 | Buy 1020 PE |
| Rs. 1022 – 1046 | No Trade Zone |
▶ Technical View Today
| Indicator | Signal |
|---|---|
| Momentum | Bullish |
| RSI | 59.11 |
| ADX | 16.26 (Trend Developing) |
| MACD | Positive |
| DMI | Bulls Slightly Ahead |
| ATR | 20.38 |
| Bollinger Bands | Trading near upper zone |
| StochRSI | Neutral to Positive |
▶ Pro-Level Upgrade (What Big Players Do)
• Accumulate near support zones around Rs. 1025–1030.
• Add fresh positions only after a breakout above Rs. 1046.
• Maintain trailing stop losses below Rs. 1022.
• Book partial profits near Rs. 1057 and Rs. 1081.
• Watch volume expansion above Rs. 1046 for confirmation of institutional buying.
• Avoid aggressive fresh buying if SBI fails to sustain above Rs. 1046.
Final SBI View
SBI is showing a healthier structure than many large-cap banking stocks. The stock is comfortably trading above major moving averages, MACD remains positive and RSI is holding near 60, indicating sustained buying interest.
As long as Rs. 1022 holds, SBI can attempt a move towards Rs. 1057–1081. A decisive breakout above Rs. 1046 may trigger fresh momentum buying and short covering, making SBI one of the better banking stocks to watch for the coming sessions.
| Type | Levels |
|---|---|
| Immediate Support | 1006 – 997 |
| Strong Support | 978 – 959 |
| Immediate Resistance | 1025 – 1036 |
| Strong Resistance | 1055 – 1074 |
Key Levels
| Level Type | Price |
|---|---|
| Pivot Point | 1016 |
| Downside Trigger | 995 |
| Upside Trigger | 1025 |
| Major Resistance | 1025 |
| Strong Support | 997 |
▶ PCR Analysis Today
| Strike | PCR Interpretation |
|---|---|
| 990 | Strong Put support visible (PCR 1.82) |
| 1000 | Healthy support zone (PCR 0.84) |
| 1010 | Neutral support zone (PCR 0.88) |
| 1020 | Call writers gaining control (PCR 0.37) |
| 1030 | Strong resistance zone (PCR 0.29) |
| 1040 | Heavy Call writing visible (PCR 0.19) |
| 1050 | Major resistance zone (PCR 0.25) |
Bias: Bullish above 1025, bearish below 995.
▶ Max Pain & Execution Plan
Max Pain Today
| Metric | Level |
|---|---|
| Max Pain Zone | 1010 – 1020 |
Execution Plan
| Condition | Action |
|---|---|
| Below 995 | Buy 1000 PE |
| Below 990 | Add 1000 PE |
| Above 1025 | Buy 1020 CE |
| 995 – 1025 | No Trade Zone |
▶ Technical View Today
| Indicator | Signal |
|---|---|
| Momentum | Bullish |
| RSI | 57.12 |
| ADX | 18.78 (Weak Trend) |
| MACD | Positive |
| DMI | Bulls Slightly Ahead |
| ATR | 21.73 |
| Bollinger Bands | Near Upper Band |
| StochRSI | Positive |
▶ Pro-Level Upgrade (What Big Players Do)
• Avoid aggressive buying while SBI remains below 1025.
• Use pullbacks toward 1010–1020 for accumulation.
• Fresh bullish positions should only be considered after a breakout above 1025.
• Maintain strict stop losses below 995.
• Book partial profits near 1055 and 1074 resistance clusters