Technical Analyst, Deepak Mohoni is of the view that State Bank of India, one should take a defensive strategy here keep a stop loss of about Rs 1,600 and switch to some other stock if that happens.

Mohoni told CNBC-TV18, "State Bank of India is not among the market leaders at the moment. But if the market starts a good move then surely State Bank of India (SBI) should also be able to participate in it. I think the best thing is to take a defensive strategy here keep a stop loss of about Rs 1,600 that is not a very large loss and switch to some other stock if that happens."