Archive · 18 Jul 2026
SBI Cards Call Strategy for Q1 Results
SBI Cards is a company that deals with credit cards and payments.
The stock price is at an important level, with support at ₹638 and resistance at ₹685.
The company will announce its financial results on July 24, which might make the stock price move up and down a lot.
Analysts think the stock will keep going up and suggest buying a special option called an August 650-call.
This option costs ₹26.05 per share, and the most you can lose is ₹20,840.
If the stock price goes up a lot, you can make a good profit.
They advise holding the option for two weeks and aim for a target of ₹40-42.
They also suggest setting a stop-loss at ₹15 initially, which can be increased to ₹20 if the stock starts the day flat or positive.
SBI Cards stock is at a crucial level with resistance at ₹685 and ₹759, and support at ₹638 and ₹568.
The company is set to announce Q1 FY27 results on July 24, which may cause volatility.
July futures closed at ₹654.35 and August futures at ₹647.40, with a discount indicating shorts.
Analysts recommend buying the August 650-call option with a premium of ₹26.05, costing ₹20,840 for the maximum loss.
The strategy suggests holding the position for two weeks with an initial stop-loss at ₹15, aiming for a target of ₹40-42.
- Who
- SBI Cards and Payment Services
- What
- Technical analysis and F&O strategy for SBI Cards
- When
- July 18, 2026 (publication), July 24, 2026 (results)
- Where
- Indian stock market
- Why
- To capitalize on expected stock movement ahead of Q1 results
- Stock Price
- ₹654.70
- Resistance Levels
- ₹685, ₹759
- Support Levels
- ₹638, ₹568
- Futures Prices
- July: ₹654.35, August: ₹647.40
- Option Strategy
- Buy August 650-call
- Premium
- ₹26.05
- Market Lot
- 800 shares
- Maximum Loss
- ₹20,840
- Stop-Loss
- ₹15 (initial), ₹20 (adjusted)
- Target
- ₹40-42
- Results Announcement
- July 24, 2026