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Umang Bhutada

16th Jul · SEBI-Registered Analyst

SBIN

SBI – Momentum / Banking Watch Important Levels: Support: ₹1,000 – ₹980 Resistance: ₹1,060 – ₹1,100 Structure: Positive momentum with strong relative performance Business: India's largest public-sector bank Diversified presence across retail, corporate, SME and digital banking Strong subsidiary ecosystem across insurance, mutual funds and cards Earnings / Trigger: SBI gained 1.5% to ₹1,030.05 in the latest session, outperforming several banking peers, although trading volume remained below its 50-day average. Verdict: 👉 PSU banking leader with improving momentum 👉 Watch for sustained strength above the immediate resistance zone

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