Updated on 9 June 2026 @ 6.00 AM
SBI Option Chain Strategy Today – 30 June Expiry
Today’s Options Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| SBI 980 CE | Buy | Rs. 23 – 26 | Rs. 35 / 48 | Rs. 17 |
| SBI 1000 CE | Buy on Breakout | Rs. 15 – 18 | Rs. 28 / 42 | Rs. 10 |
| SBI 970 PE | Buy Below Support | Rs. 16 – 19 | Rs. 28 / 40 | Rs. 11 |
Why This Trade?
• SBI closed at Rs. 981.95 and is trading just above the crucial 980 pivot zone.
• Medium-term and long-term trends remain bullish despite recent corrective pressure.
• MACD histogram has turned positive, indicating that downside momentum is weakening.
• Option chain shows aggressive Call writing concentrated at 1000 strike, making it the key resistance level.
• Strong Put support remains active near 950–970 strikes, providing a downside cushion.
• RSI has recovered to 46.43 from oversold territory while StochRSI has surged to 100, indicating recovery momentum.
• A decisive move above Rs. 992–1000 can trigger short covering towards higher resistance levels.
Chanakya View
👉 Above Rs. 992: Buy 980 CE for targets of Rs. 35–48.
👉 Above Rs. 1000: Fresh breakout may trigger rally towards Rs. 1025–1049.
👉 Below Rs. 970: Switch to 970 PE as selling pressure may increase.
👉 Between Rs. 970–992: Expect consolidation and option premium decay.
Support and Resistance
| Type | Levels |
|---|---|
| Immediate Support | Rs. 969 – 955 |
| Strong Support | Rs. 932 – 908 |
| Immediate Resistance | Rs. 992 – 1002 |
| Strong Resistance | Rs. 1025 – 1049 |
Key Levels
| Level Type | Price |
|---|---|
| Pivot Point | Rs. 978.58 |
| Downside Trigger | Rs. 970 |
| Upside Trigger | Rs. 992 |
| Major Resistance | Rs. 1000 |
| Strong Support | Rs. 955 |
▶ PCR Analysis Today
| Strike | PCR Interpretation |
|---|---|
| 950 | Strong Put support visible (PCR 1.70) |
| 960 | Strong support base (PCR 1.17) |
| 970 | Neutral zone (PCR 1.01) |
| 980 | Resistance emerging (PCR 0.82) |
| 990 | Strong Call presence (PCR 0.52) |
| 1000 | Highest Call writing and major hurdle (PCR 0.33) |
| 1010 | Aggressive Call dominance (PCR 0.48) |
Bias: Bullish above 992, strong momentum possible above 1000.
▶ Max Pain & Execution Plan
Max Pain Today
| Metric | Level |
|---|---|
| Max Pain Zone | 980 – 1000 |
Execution Plan
| Condition | Action |
|---|---|
| Above 992 | Buy 980 CE |
| Above 1000 | Buy 1000 CE |
| Below 970 | Buy 970 PE |
| 970 – 992 | No Trade Zone |
▶ Technical View Today
| Indicator | Signal |
|---|---|
| Momentum | Recovery Mode |
| RSI | 46.43 |
| ADX | 26.57 (Strong Trend) |
| MACD | Positive recovery crossover |
| DMI | Bears slightly ahead |
| ATR | 23.68 |
| Bollinger Bands | Trading near upper band |
| StochRSI | Strong recovery signal |
▶ Pro-Level Upgrade (What Big Players Do)
• Accumulate only near 970–975 support zone.
• Add fresh positions after breakout confirmation above Rs. 992.
• Aggressive traders may increase exposure above Rs. 1000.
• Use strict trailing stop losses due to elevated volatility.
• Book partial profits near Rs. 1000–1025 resistance cluster.
• Monitor Call unwinding at 1000 strike for confirmation of a sustained breakout.
Final SBI Outlook Today
👉 Above Rs. 992: Momentum may continue toward Rs. 1000–1002.
👉 Above Rs. 1000: Fresh breakout may trigger rally toward Rs. 1025–1049.
👉 Below Rs. 970: Profit booking may drag SBI toward Rs. 955–932.
👉 Between Rs. 970–992: Expect consolidation and premium erosion.
Trend remains cautiously bullish as long as SBI holds above Rs. 955 support zone.