SBI Future and Option Prediction for Tomorrow 2 June 2026: Key Levels and Strategy

June 1, 2026
Posted by: Kunal Singla
Category: News

The sbi future and option prediction for tomorrow 2 June 2026 is bearish, based on SBI closing at Rs 954.10 on 1 June 2026 (-1.07%). GIFT Nifty at 23,490.0 (+107.40 pts, +0.46%) signals a gap-up open for Indian markets on 2 June 2026. Nifty 50 closed at 23,382.6 on 1 June 2026 after a bearish gap-up reversal from 23,733.7, while Nifty IT surged +2.66% led by Infosys and Coal India. The sbi future and option prediction for tomorrow takes into account this divergent market backdrop along with the sector-specific triggers detailed below.

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Table of Contents

SBI Share Price Recap on 1 June 2026

CMP (1 June 2026 Close): Rs 954.10 (-1.07%)

Session: Open Rs 966.25 | High Rs 970.25 | Low Rs 950.10

Sector: PSU Banking | 52W High: Rs 1,164 | 52W Low: Rs 649 | Lot: 750

SBI fell 1.07 per cent on 1 June 2026 as PSU banks continued to face a combination of FII selling and monsoon-linked farm credit concerns. The stock touched a session low of Rs 950.10 before recovering slightly to close at Rs 954.10.

SBI Futures Prediction for Tomorrow 2 June 2026

Futures Trend: Bearish | Futures Price: Rs 955.00

Support 1: Rs 950 | Support 2: Rs 938

Resistance 1: Rs 966 | Resistance 2: Rs 982

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the SBI future and option prediction for tomorrow places Rs 950 as the critical immediate support for 2 June 2026. A gap-up open driven by GIFT Nifty at +107 points that holds above Rs 950 in the first 15-minute candle confirms the bearish setup in SBI futures. Jaiswal identifies Rs 966 as the first resistance level. A sustained close above Rs 966 would shift the sbi future and option prediction for tomorrow to a stronger bearish bias toward Rs 982.

SBI Options Analysis for 2 June 2026

PCR: 0.8 | Max Call OI: Rs 970 | Max Put OI: Rs 950

Kunal Singla, Associate Director at Univest, observes that the SBI options data shows max call OI at Rs 970 and max put OI at Rs 950. The PCR of 0.8 reflects cautious bearish positioning with call OI exceeding put OI. In the sbi future and option prediction for tomorrow, Singla watches Rs 950 as the intraday support floor and Rs 970 as the options-derived resistance ceiling.

Key Triggers for SBI on 2 June 2026

GIFT Nifty +107 pts: Positive pre-market signal supports gap-up recovery attempt, benefiting the bearish sbi future and option prediction for tomorrow.
May credit growth and farm loan outlook: Primary sector catalyst determining SBI direction on 2 June 2026.
FII flow direction in PSU banking for June: Secondary trigger to watch in the first half of the 2 June 2026 session.
FII June Flow: FII selling of Rs 21,106 crore on 29 May resets in June. Positive FII on 2 June 2026 accelerates sbi future and option prediction for tomorrow momentum.

Trading Strategy: SBI Futures and Options on 2 June 2026

1. Confirm the Gap-Up: Do not enter SBI futures at the open. Wait for the first 15-minute candle above Rs 950 before initiating positions.

2. Bull Setup: SBI holds above Rs 950 and breaks Rs 966 with volume. Target Rs 982.

3. Bear Setup: Sustained break below Rs 938 confirms bearish momentum. Avoid catching falling sbi futures.

4. Options Strategy: PCR at 0.8 and GIFT Nifty gap-up environment — consider defined-risk spreads over naked options for the sbi future and option prediction for tomorrow session.

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Conclusion: SBI Future and Option Prediction for Tomorrow 2 June 2026

The sbi future and option prediction for tomorrow 2 June 2026 is bearish. SBI closed at Rs 954.10 on 1 June 2026 (-1.07%). Key support: Rs 950. Key resistance: Rs 966. GIFT Nifty at +107 points provides a positive gap-up backdrop. Ankit Jaiswal of Univest flags Rs 950 as the session floor and Kunal Singla flags Rs 970 call OI as the ceiling in the sbi future and option prediction for tomorrow. All levels are educational only.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. SEBI Reg: INH000012449.

Frequently Asked Questions

What is the SBI future and option prediction for tomorrow 2 June 2026?

Ans. The SBI future and option prediction for tomorrow is bearish. CMP is Rs 954.10 (-1.07% on 1 June 2026). Support is Rs 950, resistance Rs 966. GIFT Nifty at +107 points signals a positive gap-up. PCR is 0.8 with max call OI at Rs 970.

What is the support for SBI futures on 2 June 2026?

Ans. Support for SBI futures on 2 June 2026 is Rs 950 (immediate) and Rs 938 (secondary). Ankit Jaiswal of Univest identifies Rs 950 as the make-or-break level for the sbi future and option prediction for tomorrow.

What is the resistance for SBI on 2 June 2026?

Ans. Resistance for SBI on 2 June 2026 is Rs 966 (immediate) and Rs 982 (next level). Max call OI at Rs 970 acts as the options-derived ceiling in the sbi future and option prediction for tomorrow.

What is the PCR for SBI options on 2 June 2026?

Ans. PCR for SBI options is 0.8. Max call OI at Rs 970 and max put OI at Rs 950. Kunal Singla of Univest observes a cautious signal for the sbi future and option prediction for tomorrow.

What are the key triggers for SBI on 2 June 2026?

Ans. Key triggers for the sbi future and option prediction for tomorrow include GIFT Nifty +107 pts, may credit growth and farm loan outlook, fii flow direction in psu banking for june, and FII June flow direction. These determine whether the sbi future and option prediction for tomorrow trends toward Rs 966 or Rs 938.

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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.