SBI levels today

SBI Share Price Prediction Today – Part 1

Today’s SBI at a Glance

Today’s Prediction

SBI is likely to begin the session with a neutral to cautious bias. The stock closed at Rs. 1,047.50, almost exactly around its pivot point of Rs. 1,046.40. This suggests that the next directional move will depend on whether SBI crosses Rs. 1,053–1,057 or falls below Rs. 1,040.

The short- and medium-term trends are bearish, while the 63-day trend remains bullish. Therefore, the broader structure has not broken down, but immediate momentum remains weak.

Market Probability

The highest probability is a range-bound session because RSI is neutral at 49.39 and ADX is weak at 16.16. Neither buyers nor sellers currently have decisive trend control.

Bullish Scenario

SBI must sustain above Rs. 1,053 to improve its immediate structure. A decisive move above Rs. 1,057 can trigger buying towards Rs. 1,068 and Rs. 1,078.

A breakout should preferably be accompanied by rising volume and improvement in +DMI. Until Rs. 1,057 is crossed, upside positions should remain light.

Bearish Scenario

A decline below Rs. 1,041–1,040 can increase selling pressure and take SBI towards Rs. 1,035. A sustained breakdown below Rs. 1,035 may open the way towards Rs. 1,025 and Rs. 1,014.

No-Trade Zone

Rs. 1,042–1,053 should be treated as the no-trade zone.

This area includes the pivot point and substantial option activity around the 1,050 strike. Directional trades inside this narrow range may suffer from repeated reversals.

Key SBI Levels

SBI Option Strategy

The 1,050 strike has heavy activity on both sides, with Call OI of 5,291 contracts and Put OI of 5,246 contracts. This suggests strong pinning and consolidation near Rs. 1,050.

Bullish strategy above Rs. 1,057: Buy the 1,050 Call and sell the 1,070 Call as a defined-risk bull call spread.

Bearish strategy below Rs. 1,039: Buy the 1,050 Put and sell the 1,030 Put as a defined-risk bear put spread.

Avoid naked option buying while SBI remains within the no-trade zone.

Why This Trade?

SBI is above its 34-day and 50-day moving averages but below its 20-day SMA of Rs. 1,059.20. MACD at 1.61 is below its signal line of 4.73, generating a negative histogram. ADX at 16.16 confirms the absence of a strong trend.

Final Verdict

SBI remains neutral between Rs. 1,040 and Rs. 1,057. Trade only after a confirmed breakout or breakdown.

Paresh Gordhandas View

SBI is likely to consolidate around Rs. 1,050. Buy only above Rs. 1,057 for Rs. 1,068–1,078, or sell below Rs. 1,040 for Rs. 1,035–1,025. Avoid directional trades within Rs. 1,042–1,053