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SBI fell below the near term support at Rs 2,200 last week to record an intra-week low at Rs 2,126. The down-move recorded last week appears to be the C-wave of the correction that began from November 7. As per this count, the medium term outlook stays positive as long as the stock trades above Rs 2,100. However, the stock could move sideways between Rs 2,100 and Rs 2,400 for a few more sessions. The short-term trend is, however, weak and traders can sell the stock in rallies with a stop at Rs 2,350. SBI can fall to Rs 2,136 or Rs 2,032 in the near term. Investors can hold the stock with a stop at Rs 1,980.

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