SBI levels today

SBI Share Price Prediction: Weak Below Rs. 1,016

SBI closed at Rs. 1,008, gaining marginally by 0.21%. However, its short- and medium-term trends remain bearish, with the stock trading below all major moving averages. Oversold momentum indicators and Put writing around Rs. 1,000 could produce a technical rebound, but a convincing trend reversal requires SBI to reclaim Rs. 1,016–1,025.

Today’s SBI at a Glance

What Is the SBI Share Price Prediction for Today?

SBI is expected to remain range-bound with a bearish bias below Rs. 1,016. A break below Rs. 998 could extend the decline towards Rs. 989 and Rs. 980. Conversely, sustained trading above Rs. 1,016 may trigger a technical recovery towards Rs. 1,025–1,034.

The stock is trading near the lower Bollinger Band of Rs. 1,002.35 and below its 200-day EMA of Rs. 1,012.42. Therefore, Rs. 998–1,003 represents a critical demand zone.

SBI Market Probability

SBI Bullish Scenario

A sustained move above Rs. 1,016 would be the first indication of short covering. The stock could then advance towards Rs. 1,025, followed by Rs. 1,034 and Rs. 1,044.

However, SBI is trading below its 20-, 34-, 50-, 89- and 200-day averages. Consequently, any initial recovery should be considered a technical bounce unless the stock closes decisively above Rs. 1,040–1,045.

SBI Bearish Scenario

A breakdown below Rs. 998 would confirm renewed selling pressure and could drag SBI towards Rs. 989 and Rs. 980. If Rs. 980 also fails to hold, the next downside level is Rs. 971.

MACD remains negative at –8.69, with a histogram of –5.82. The –DMI reading of 26.19 is above +DMI of 16.88, confirming that sellers retain control.

SBI No-Trade Zone

The range between Rs. 1,003 and Rs. 1,013 should be treated as a no-trade zone. This narrow region surrounds the pivot point of Rs. 1,007.10 and may produce frequent intraday reversals. Traders should wait for a confirmed move beyond this band.

Key SBI Levels Today

SBI Option Strategy

Options expire on 29 September 2026. Traders should use position sizing because option premiums can decline rapidly if SBI remains range-bound.

Why This Trade?

The option chain shows a Put base at Rs. 1,000, where Put Open Interest stands at 6,267 contracts. Fresh Put additions at Rs. 1,000 and Rs. 1,010 may provide immediate support. Conversely, heavy Call Open Interest at Rs. 1,040, followed by Rs. 1,020 and Rs. 1,030, creates overhead resistance.

RSI at 37.18, Stochastic at 15.79 and Williams %R at –88.01 indicate an oversold setup. These readings create scope for a bounce but do not yet confirm a reversal.

Final Verdict

SBI remains cautious below Rs. 1,016. The preferred strategy is to sell on a breakdown below Rs. 998 or consider limited buying only after a confirmed breakout above Rs. 1,016.

Paresh Gordhandas View

SBI is technically oversold but has not established a durable bottom. Rs. 998–1,003 is the crucial support zone, while Rs. 1,016 is the recovery trigger. Trade only after confirmation, maintain strict stop losses and avoid aggressive positions inside the no-trade zone.