Updated on 22 June 2026 @ 7.00 AM
SBI Levels Today
Today’s SBI Outlook
Bullish Above: 1,042
Bearish Below: 1,028
Expected Range: 1,020 – 1,060
Best Trade Today: Buy 1050 CE above 1,042
SBI Levels Today: Support, Resistance, Option Chain & Trade Setup
SBI closed at Rs. 1,035.10 and continues to trade comfortably above its 20 DMA, 34 DMA, 50 DMA and 200 DMA, reflecting a healthy underlying trend despite recent consolidation.
The stock has delivered an impressive 8.85% gain over the past month and remains one of the stronger PSU banking names. MACD remains positive, DMI Plus is above DMI Minus and RSI continues to hold above 60, indicating bullish momentum remains intact.
However, SBI is trading near its upper Bollinger Band and short-term oscillators are approaching overbought territory. Traders should therefore watch for a breakout above resistance before initiating aggressive long positions.
As long as SBI remains above Rs. 1,042, the stock may attempt a move towards Rs. 1,060–1,075. A breakdown below Rs. 1,028 could trigger profit booking towards Rs. 1,020–1,010.
Today’s bias remains bullish.
Key SBI Levels Today
| Level | Price |
|---|---|
| Support 1 | 1,029 |
| Support 2 | 1,023 |
| Pivot | 1,035 |
| Resistance 1 | 1,042 |
| Resistance 2 | 1,048 |
Chanakya View
👉 Above Rs. 1,042: Buy 1050 CE for targets of Rs. 1,060–1,075.
👉 Above Rs. 1,048: Fresh momentum buying may trigger a move toward Rs. 1,073–1,086.
👉 Below Rs. 1,028: Buy 1030 PE for targets of Rs. 1,020–1,010.
👉 Between Rs. 1,028–1,042: Expect consolidation and premium erosion.
SBI Option Chain Strategy Today – 30 June Expiry
Today’s Options Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
| SBI 1050 CE | Buy Above Breakout | Rs. 8 – 10 | Rs. 16 / 24 | Rs. 5 |
| SBI 1030 PE | Buy Below Support | Rs. 10 – 12 | Rs. 18 / 28 | Rs. 7 |
| SBI 1040 CE | Buy on Momentum | Rs. 13 – 15 | Rs. 22 / 32 | Rs. 8 |
Why This Trade?
• SBI closed at Rs. 1,035.10 and remains above the 20 DMA, 34 DMA, 50 DMA and 200 DMA.
• Short-term and long-term trends remain bullish.
• MACD at 7.04 remains above the signal line, confirming positive momentum.
• RSI at 61.72 indicates healthy strength without entering extreme overbought territory.
• DMI Plus at 28.30 versus DMI Minus at 20.05 confirms bulls remain in control.
• Option chain indicates Put support around Rs. 1,010–1,020 while Call writers are active near Rs. 1,050–1,060.
• ATR remains moderate at 20.67, suggesting controlled volatility.
• A sustained move above Rs. 1,042 could trigger momentum buying towards higher resistance levels.
Support and Resistance
| Type | Levels |
| Immediate Support | 1,029 – 1,023 |
| Strong Support | 1,010 – 997 |
| Immediate Resistance | 1,042 – 1,048 |
| Strong Resistance | 1,061 – 1,074 |
Key Levels
| Level Type | Price |
| Pivot Point | 1,035 |
| Downside Trigger | 1,028 |
| Upside Trigger | 1,042 |
| Major Resistance | 1,050 |
| Strong Support | 1,020 |
▶ PCR Analysis Today
| Strike | PCR Interpretation |
| 1010 | Strong Put support visible (PCR 1.26) |
| 1020 | Moderate support base (PCR 0.68) |
| 1030 | Neutral zone (PCR 0.47) |
| 1040 | Call writers gaining control (PCR 0.29) |
| 1050 | Strong resistance zone (PCR 0.35) |
| 1060 | Aggressive Call writing visible (PCR 0.09) |
| 1070 | Major Call wall (PCR 0.11) |
Bias: Bullish above Rs. 1,042, bearish below Rs. 1,028.
▶ Max Pain & Execution Plan
Max Pain Today
| Metric | Level |
| Max Pain Zone | Rs. 1,040 |
Execution Plan
| Condition | Action |
| Above Rs. 1,042 | Buy 1050 CE |
| Above Rs. 1,048 | Buy 1040 CE |
| Below Rs. 1,028 | Buy 1030 PE |
| Rs. 1,028 – 1,042 | No Trade Zone |
▶ Technical View Today
| Indicator | Signal |
| Momentum | Bullish |
| RSI | 61.72 |
| ADX | 17.76 (Weak Trend Strength) |
| MACD | Positive |
| DMI | Bulls Ahead |
| ATR | 20.67 |
| Bollinger Bands | Near Upper Band |
| StochRSI | Positive |
▶ Pro-Level Upgrade (What Big Players Do)
• Institutional traders continue accumulating SBI on dips above the Rs. 1,020–1,030 support zone.
• Fresh longs are generally initiated only after a sustained move above Rs. 1,042.
• Profit booking may emerge near the Rs. 1,050–1,060 Call writing zone.
• Avoid aggressive short positions unless SBI slips below Rs. 1,028.
• Book partial profits near Rs. 1,060 and Rs. 1,074 resistance clusters.
• PSU banking momentum remains strong, making SBI one of the preferred trading candidates among large-cap banks.
| Type | Levels |
|---|---|
| Immediate Support | 1006 – 997 |
| Strong Support | 978 – 959 |
| Immediate Resistance | 1025 – 1036 |
| Strong Resistance | 1055 – 1074 |
Key Levels
| Level Type | Price |
|---|---|
| Pivot Point | 1016 |
| Downside Trigger | 995 |
| Upside Trigger | 1025 |
| Major Resistance | 1025 |
| Strong Support | 997 |
▶ PCR Analysis Today
| Strike | PCR Interpretation |
|---|---|
| 990 | Strong Put support visible (PCR 1.82) |
| 1000 | Healthy support zone (PCR 0.84) |
| 1010 | Neutral support zone (PCR 0.88) |
| 1020 | Call writers gaining control (PCR 0.37) |
| 1030 | Strong resistance zone (PCR 0.29) |
| 1040 | Heavy Call writing visible (PCR 0.19) |
| 1050 | Major resistance zone (PCR 0.25) |
Bias: Bullish above 1025, bearish below 995.
▶ Max Pain & Execution Plan
Max Pain Today
| Metric | Level |
|---|---|
| Max Pain Zone | 1010 – 1020 |
Execution Plan
| Condition | Action |
|---|---|
| Below 995 | Buy 1000 PE |
| Below 990 | Add 1000 PE |
| Above 1025 | Buy 1020 CE |
| 995 – 1025 | No Trade Zone |
▶ Technical View Today
| Indicator | Signal |
|---|---|
| Momentum | Bullish |
| RSI | 57.12 |
| ADX | 18.78 (Weak Trend) |
| MACD | Positive |
| DMI | Bulls Slightly Ahead |
| ATR | 21.73 |
| Bollinger Bands | Near Upper Band |
| StochRSI | Positive |
▶ 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