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SBI levels today

SBI Levels Today
Updated on 29 June 2026 @ 9.00 PM

Today’s SBI Outlook

Bullish Above: Rs. 1045

Bearish Below: Rs. 1029

Expected Range: Rs. 1029 – 1053

Best Trade Today: Buy 1050 CE above Rs. 1045 | Buy 1030 PE below Rs. 1029

SBI Levels Today: Support, Resistance, Option Chain & Trade Setup

State Bank of India (SBI) closed at Rs. 1036.10, declining 0.89% in the previous session after facing resistance near the 20-day Bollinger Band. Despite the mild correction, the stock continues to trade above its 20 DMA, 34 DMA, 50 DMA and 200 DMA, while maintaining a bullish long-term structure. Medium-term momentum, however, remains under consolidation.

As long as SBI remains below Rs. 1045, the stock may witness range-bound trading with intermittent profit booking. A sustained move above Rs. 1045 could trigger fresh buying towards Rs. 1053–1069, while a break below Rs. 1029 may drag the stock towards Rs. 1022–1007.

Today’s bias remains cautiously bullish, and traders should closely monitor Rs. 1029 and Rs. 1045 for directional cues.

Key SBI Levels Today

Level Price
Support 1 Rs. 1029
Support 2 Rs. 1022
Pivot Rs. 1038
Resistance 1 Rs. 1045
Resistance 2 Rs. 1053

Chanakya View

👉 Below Rs. 1029: Buy 1030 PE for targets of Rs. 1022–1007.

👉 Below Rs. 1022: Fresh selling may trigger a decline towards Rs. 1007–991.

👉 Above Rs. 1045: Recovery rally may emerge towards Rs. 1053–1069.

👉 Between Rs. 1029–1045: Expect consolidation and option premium erosion.

SBI Option Chain Strategy Today – 28 July Expiry

Today’s Options Trade Setup

Instrument Trade Buy Zone Target Stop Loss
SBI 1030 PE Buy Below Support Rs. 17 – 19 Rs. 28 / 36 Rs. 12
SBI 1050 CE Buy Above Breakout Rs. 24 – 26 Rs. 36 / 46 Rs. 18
SBI 1040 CE Buy on Reversal Rs. 29 – 31 Rs. 42 / 52 Rs. 22

Why This Trade?

  • SBI closed at Rs. 1036.10 and continues to trade above the 20 DMA, 34 DMA, 50 DMA and 200 DMA, indicating that the broader trend remains constructive.
  • Short-term and long-term trends are Bullish, while the medium-term trend remains Bearish.
  • MACD remains positive with a rising histogram, confirming improving buying momentum.
  • RSI at 58.11 reflects healthy bullish momentum without entering the overbought zone.
  • Option chain indicates significant Call writing around Rs. 1050, making it the immediate resistance zone.
  • Strong Put support is visible around Rs. 1020–1030, suggesting buyers are defending lower levels.
  • ADX remains low at 15.48, indicating that a stronger directional trend may emerge after a breakout.
  • Unless SBI crosses Rs. 1045, rallies may continue to face resistance near higher levels.

Support and Resistance

TypeLevels
Immediate SupportRs. 1029 – 1022
Strong SupportRs. 1007 – 991
Immediate ResistanceRs. 1045 – 1053
Strong ResistanceRs. 1069 – 1084

Key Levels

Level TypePrice
Pivot PointRs. 1038
Downside TriggerRs. 1029
Upside TriggerRs. 1045
Major ResistanceRs. 1053
Strong SupportRs. 1022

PCR Analysis Today

StrikePCR Interpretation
1020Strong Put support (PCR 1.57)
1030Healthy support base (PCR 1.25)
1040Major OI battleground (PCR 0.87)
1050Call writers gaining control (PCR 0.88)
1060Strong resistance zone (PCR 0.72)
1070Heavy Call writing continues (PCR 0.40)
1080Strong resistance build-up (PCR 0.11)

Bias: Bullish above Rs. 1045, while Rs. 1029 remains the key downside trigger.

Max Pain & Execution Plan

Max Pain Today

MetricLevel
Max Pain ZoneRs. 1040–1050

Execution Plan

ConditionAction
Above Rs. 1045Buy 1050 CE
Above Rs. 1053Hold Long Positions
Below Rs. 1029Buy 1030 PE
Rs. 1029–1045No Trade Zone

Technical View Today

IndicatorSignal
MomentumBullish
RSI58.11
ADX15.48 (Trend Developing)
MACDPositive
DMIBulls Slightly Ahead
ATR20.06
Bollinger BandsTrading Near Upper Band
StochRSINeutral to Positive

Pro-Level Upgrade (What Big Players Do)

Option writers continue to defend the Rs. 1050 strike, making it the key breakout hurdle for today’s session. A sustained move above this level could trigger fresh short covering and extend the rally.

Continue accumulating SBI on dips while it remains above Rs. 1029.

Fresh momentum buying is likely only after a decisive breakout above Rs. 1045 with higher volumes.

Use trailing stop losses once the stock crosses Rs. 1053.

Partial profit booking is advisable near Rs. 1053–1069 resistance levels.

TypeLevels
Immediate Support1006 – 997
Strong Support978 – 959
Immediate Resistance1025 – 1036
Strong Resistance1055 – 1074

Key Levels

Level TypePrice
Pivot Point1016
Downside Trigger995
Upside Trigger1025
Major Resistance1025
Strong Support997

▶ PCR Analysis Today

StrikePCR Interpretation
990Strong Put support visible (PCR 1.82)
1000Healthy support zone (PCR 0.84)
1010Neutral support zone (PCR 0.88)
1020Call writers gaining control (PCR 0.37)
1030Strong resistance zone (PCR 0.29)
1040Heavy Call writing visible (PCR 0.19)
1050Major resistance zone (PCR 0.25)

Bias: Bullish above 1025, bearish below 995.

▶ Max Pain & Execution Plan

Max Pain Today

MetricLevel
Max Pain Zone1010 – 1020

Execution Plan

ConditionAction
Below 995Buy 1000 PE
Below 990Add 1000 PE
Above 1025Buy 1020 CE
995 – 1025No Trade Zone

▶ Technical View Today

IndicatorSignal
MomentumBullish
RSI57.12
ADX18.78 (Weak Trend)
MACDPositive
DMIBulls Slightly Ahead
ATR21.73
Bollinger BandsNear Upper Band
StochRSIPositive

▶ 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

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