Today is the day of shakedown... to scare retail investors and intraday players out of the market so that big boys can bottom fish. It happens from time to time...
Banking sector went negative after the FD interest rate hike 2 days ago. SBI is so sweet cheap... Fundamentally very strong. Major support could come at 2800, but I don't think it would go there.
SaiVenkat bro, please post an SBI chart here and tell us what you see...
Cheers!