SBI levels today

SBI Share Price Prediction for 10 August 2026: Investment Decision

Today’s SBI at a Glance

State Bank of India closed at Rs. 1,097.20, gaining 1.12% during the previous session. SBI has advanced 6.79% in one week and 7.35% over one month, confirming strong short-term momentum. The stock’s five-day and 63-day trends are bullish, although its 21-day trend remains bearish.

Trade Parameter	Level
Last Close	Rs. 1,097.20
Immediate Support	Rs. 1,090
Strong Support	Rs. 1,070–1,080
Immediate Resistance	Rs. 1,100
Higher Resistance	Rs. 1,120–1,130
Expected Range	Rs. 1,080–1,120
Market Bias	Bullish but overbought

Today’s SBI Prediction

SBI is expected to trade with a positive but volatile bias. The stock is positioned immediately below the psychologically important Rs. 1,100 level, which also carries the highest visible Call open interest in the 25 August option chain.

A sustained move above Rs. 1,100–1,102 could extend the rally towards Rs. 1,120 and Rs. 1,130. However, failure to cross Rs. 1,100 may encourage profit-booking towards Rs. 1,090 and Rs. 1,080.

Market Probability

Based on SBI’s technical indicators and option-chain positioning:

• Consolidation between Rs. 1,090 and Rs. 1,105: 40%
• Bullish breakout above Rs. 1,102: 35%
• Bearish breakdown below Rs. 1,090: 25%

The short-term trend favours buyers, but overbought indicators and heavy Call writing at Rs. 1,100 could restrict immediate gains.

Bullish Scenario

The bullish trade becomes active only if SBI decisively crosses and sustains above Rs. 1,102. The first upside target would be Rs. 1,120, followed by Rs. 1,130.

SBI is trading substantially above all its important moving averages. MACD at 11.48 remains above its signal line of 4.65, while the positive histogram of 6.83 confirms strong upward momentum. DMI Plus at 41.49 is also significantly higher than DMI Minus at 13.31, indicating buyer dominance.

A breakout above Rs. 1,100 could force Call writers to cover their positions and support a rapid upward move.

Bearish Scenario

The bearish setup becomes active if SBI breaks and sustains below Rs. 1,090. The stock may then decline towards Rs. 1,080 and Rs. 1,070.

RSI at 70.56 has entered the overbought zone. SBI is also trading above its upper Bollinger Band of Rs. 1,082.53, while CCI at 209.44 reflects an extended rally. StochRSI at 100 further increases the risk of short-term profit-booking.

These indicators do not immediately reverse the bullish trend, but they make chasing SBI at higher levels risky.

No-Trade Zone

The zone between Rs. 1,090 and Rs. 1,102 should be treated as the no-trade area. SBI may experience sharp intraday fluctuations around the Rs. 1,100 strike because both Call and Put writers are active at this level.

Traders should wait for a confirmed breakout above Rs. 1,102 or a breakdown below Rs. 1,090 before taking directional positions.

Key SBI Levels

Immediate resistance is placed at Rs. 1,100–1,102, followed by Rs. 1,120 and Rs. 1,130. Immediate support is located at Rs. 1,090, followed by Rs. 1,080 and Rs. 1,070.

The Rs. 1,100 strike carries the highest visible Call open interest and significant Put open interest, making it the primary battleground.

SBI Option Strategy

Above Rs. 1,102, traders may consider the Rs. 1,100 Call, targeting spot levels of Rs. 1,120 and Rs. 1,130. Maintain a spot-based stop loss below Rs. 1,090.

Below Rs. 1,090, traders may consider the Rs. 1,090 Put, targeting Rs. 1,080 and Rs. 1,070. Maintain a spot-based stop loss above Rs. 1,102.

Why This Trade?

The strategy waits for confirmation around the heavily contested Rs. 1,100 strike. SBI has strong momentum, but its overbought technical readings increase reversal risk. Trading outside the no-trade zone offers a better risk-controlled opportunity.

Final Verdict

SBI remains bullish but overbought. Buy only above Rs. 1,102 for Rs. 1,120–1,130. Turn bearish below Rs. 1,090 for Rs. 1,080–1,070. Avoid chasing the stock inside the range.

Paresh Gordhandas View

SBI has strong momentum, but Rs. 1,100 is a crucial hurdle and the stock is technically overbought. A sustained breakout above Rs. 1,102 can extend the rally towards Rs. 1,120 and Rs. 1,130. A break below Rs. 1,090 may trigger profit-booking. Traders should wait for confirmation and maintain strict stop losses.