Technical Analyst, Vijay Bhambwani is of the view that SBI has support at Rs 1820-1840.

Bhambwani told CNBC-TV18, "In the short term, traders are likely to have choppiness, volatility with a downward bias on the banks, but give this stocks a longer-term perspective and I think the weekly and monthly charts are still indicating that the long-term trend is still on."

He further added, "SBI has support at Rs 1,820-1,840 levels and upside potential where resistance could come in the short to medium term would be Rs 2,270 levels. So it’s likely to be range bound, Rs 1,850 on decline and Rs 2,270 on the upsides. Give it a 4-6 quarters and  this stock has a potential to not only retest but overcome the previous top."