SBI Future and Option Prediction for Tomorrow 1 June 2026: Key Levels and Strategy

May 31, 2026
Posted by: Kunal Singla
Category: News

The sbi future and option prediction for tomorrow on 1 June 2026 is bearish, based on SBI closing at Rs 943 on 29 May 2026 (-2.53%). GIFT Nifty at 23,860.0 (+201.5 pts, +0.85%) signals a positive gap-up for Indian markets on 1 June. Nifty 50 closed at 23,649.95 on 29 May 2026, supported by a 3.2 per cent Nifty IT rally. FII net selling of Rs 21,105.86 crore on 29 May 2026 and below-normal monsoon concerns are the key risk factors for the sbi future and option prediction for tomorrow.

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Table of Contents

SBI Share Price Recap on 29 May 2026

CMP (29 May 2026 Close): Rs 943 (-2.53%)

Sector: PSU Banking | 52W High: Rs 1,210 | 52W Low: Rs 775 | Lot Size: 750

SBI fell 2.53 per cent on 29 May as PSU banks bore the heaviest losses in the session. The combination of FII selling of Rs 21,105 crore and below-normal monsoon concerns that impact farm credit quality put PSU banking stocks under significant pressure.

SBI Futures Prediction for Tomorrow 1 June 2026

Futures Trend: Bearish

Futures Price (Approx): Rs 944

Support 1: Rs 930 | Support 2: Rs 918

Resistance 1: Rs 962 | Resistance 2: Rs 978

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the SBI future and option prediction for tomorrow places Rs 930 as the critical immediate support for the 1 June session. With GIFT Nifty indicating a gap-up open of 201.5 points, the early session direction will be pivotal. Jaiswal flags Rs 962 as the first resistance level. A gap-up open above Rs 930 that sustains in the first 15-minute candle confirms the bearish continuation for SBI futures on 1 June 2026.

SBI Options Analysis for 1 June 2026

PCR: 0.81 | Max Call OI: Rs 965 strike | Max Put OI: Rs 930 strike

Kunal Singla, Associate Director at Univest, observes that the SBI options chain shows maximum call OI at Rs 965 and maximum put OI at Rs 930. The PCR of 0.81 reflects cautious positioning with call OI exceeding put OI. On the gap-up open driven by GIFT Nifty at +201.5 points, Singla suggests watching Rs 930 as the intraday support floor for options-based positioning in SBI on 1 June.

Key Triggers for SBI on 1 June 2026

GIFT Nifty Gap-Up (+201.5 pts): The positive pre-market signal sets a constructive base for SBI futures on 1 June.
May credit growth and farm loan data: Primary sector-specific catalyst for SBI direction on 1 June 2026.
FII flow direction in PSU banking on 1 June: Secondary trigger to watch in the first half of the session.
FII Flow Reversal: FII selling of Rs 21,105.86 crore on 29 May 2026 resets on 1 June as a new month begins. Positive FII flow would accelerate bearish momentum in SBI.

Trading Strategy for SBI Futures and Options on 1 June 2026

1. Gap-Up Confirmation: Wait for the first 15-minute candle above Rs 930 before entering SBI futures. Do not chase the gap-up open.

2. Bull Setup: If SBI holds above Rs 930 and breaks Rs 962 on volume, the futures target is Rs 978 for the session.

3. Bear Setup: A break below Rs 918 on sustained selling confirms a bearish reversal. Exit longs and avoid buying on the dip below this level.

4. Options Strategy: With PCR at 0.81, consider defined-risk spreads for the 1 June session. Naked options carry elevated risk on a gap-up expiry week open.

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Conclusion

The SBI future and option prediction for tomorrow 1 June 2026 is bearish, with key support at Rs 930 and resistance at Rs 962. SBI closed at Rs 943 on 29 May 2026 (-2.53%). GIFT Nifty at +201.5 points provides a positive gap-up backdrop. Ankit Jaiswal of Univest places Rs 930 as the session support and Kunal Singla of Univest flags Rs 965 call OI as the resistance ceiling. All SBI future and option prediction for tomorrow levels are educational analysis only. Consult a SEBI-registered advisor before trading.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Frequently Asked Questions

What is the SBI future and option prediction for tomorrow 1 June 2026?

Ans. The SBI future and option prediction for tomorrow is bearish. CMP is Rs 943 (-2.53% on 29 May 2026). Support is at Rs 930 and resistance at Rs 962. GIFT Nifty at +201.5 points signals a positive gap-up open. PCR for SBI options is 0.81 with max call OI at Rs 965.

What is the support level for SBI futures on 1 June 2026?

Ans. Support levels for SBI futures on 1 June 2026 are Rs 930 (immediate) and Rs 918 (secondary). Ankit Jaiswal of Univest identifies Rs 930 as the make-or-break level for the SBI future and option prediction for tomorrow.

What is the resistance level for SBI on 1 June 2026?

Ans. Resistance for SBI on 1 June 2026 is Rs 962 (immediate) and Rs 978 (next resistance). Maximum call OI at Rs 965 acts as the upper boundary for the SBI future and option prediction for tomorrow.

What is the PCR for SBI options on 1 June 2026?

Ans. The PCR for SBI options is 0.81. Max call OI is at Rs 965 and max put OI at Rs 930. Kunal Singla of Univest observes this PCR as a cautious signal for the SBI future and option prediction for tomorrow.

What are the key triggers for SBI on 1 June 2026?

Ans. Key triggers for SBI on 1 June 2026 include: GIFT Nifty gap-up of +201.5 points, may credit growth and farm loan data, fii flow direction in psu banking on 1 june, and potential FII flow reversal at the start of June. These determine the SBI future and option prediction for tomorrow direction.

Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.