NSE, FUTURE, OPTIONS, BSE, MCX, CURRENCY

*********************************

One Target One SL
Recommendations

Back

STATE BANK OF INDIA (SBI)

Last updated : 09 May 2021

State Bank of India (SBI) is the largest public sector bank in India. NSE Code of SBI is SBIN. BSE Code for SBI is 500112. Face value of State Bank of India (SBI) is Rs. 1. SBI is available for Future and Options trading. Lot size for SBI Future is 1500. (Time to time lot size changed by exchange, so please check it once before taking any action).

Latest View on State Bank of India (SBI)

09 May 2021: SBI closed at 358.25 (07 May, NSE closing price). For tomorrow, 10 May 2021, first support level for sbi at 356. Below 356 we can see level of 353 / 350 in this stock. If SBI cross level of 361.50 tomorrow, then one can buy with stop loss 357 for target 365 / 369. Above view only for educational purpose.

02 May 2021: SBI closed at 353.50 (30 April , NSE closing price). For tomorrow, 2 May 2021, first support level for sbi at 349. Below 349 we can see some more selling pressure in this stock, till no buy confirmation in hourly chart. If SBI cross 358.50 tomorrow, then one can buy with stop loss 352 for target 365 / 369. Above view only for educational purpose.

25 April 2021: SBI settled at 336.45 (23 April, NSE closing price). For tomorrow, 26 April 2021, first resistance level for sbi at 340.60. As per daily chart 342 is next resistance. Chart completely weak and below 320, we can see off upto 305-292 level. So as soon as it close above 348-350 level, good for bulls. Above view only for educational purpose.

20 Aug 2020: SBI closed today at 194.75 (20 Aug NSE closing price). If we check SBI Daily chart then there is not any clear indiation. If we check its hourly chart then we can see resistance around 196.20 level and 192 support level for this stock. Above or below these level we can see 2-3% further move. Above view only for educational purpose.

05 May 2020: SBI closed today at 170.40 after making low 168.80. SBI made today new 52 week low. Heavy selling we have seen in this stock today. Total volume was more than 9 crore. 179-180 was very strong support for this stock, as it broken this level, we have seen such sell off in this strong fundamental stock. For tomorrow, 175-176 will act as resistance for SBI, only above 176 if sustain then we can see again 178 to 180 level. If market turns negative then further sell off up to 164-165 level we can see tomorrow. So if market seems weak then be ready for more downside in this stock. Next important level which you watch is 162. Below 162 if this stock sustain then 153-154 level will also come. Above view only for education purpose.

15 April 2020: SBI closed today at 182.35 after making low 180.15. In morning move, it made high 191.95, but could not sustain for a long time and we have seen profit booking. For tomorrow 15 April 2020. resistance for SBI at 188 and support 180. One can short at opening around 182-183 if market open negative. Stop loss for sell 188 and keep target at 178.

11 April 2020: SBI 189-190 hurdle , 182-183 support. Seems next week it will be available below 180.

11 May 2019 : SBI announced its quarterly reult on Friday and after that stock closed at 308.05 approx 3% up. Technically, SBI given closing above its one important resistance level of 306 and volume also there. If next week on Monday, market opens in positive note then one can buy this stock for next target 312-313. 318 is strong resistance for this stock. Above that one to two days closing will take this stock to 335 level. Stock strong support at 287-288 level, if sustain below these level then we can see some selling pressure in this stock.