Hold SBI with long term view: Hemen Kapadia

Hemen Kapadia of KR Choksey Securities told CNBC-TV18, "One would have to hold State Bank of India (SBI) but one will have to be prepared to see some more downside. It is bouncing back from the oversold zone, near-term to medium-term may be we see some more upside coming in. However, the bigger picture is still corrective.""I had given a stoploss of Rs 232 from a slightly medium-term point of view but from the longer term point of view I would suggest a hold. However, like I said Rs 220 and Rs 210 cannot be ruled out before this move start, so I think it is a hold from a longer-term point of view," he added.