Equity calls: Bhamre, Kumar, Mathew, Bose

Siddharth Bhamre, Angel Broking: FIIs buying Put options and hedging themselves rather than selling Nifty is a good sign. The Nifty may face resistance at 5200. I advise trading with positive bias but avoid rate sensitives. Can short DLF at higher levels.

Devesh Kumar, Centrum Finance: The upward momentum may continue as FIIs have gradually started deploying money. Volatility may however continue. The Credit Policy tomorrow is likely to be a non-event. I expect to see the Sensex between 17,500-18,500 in the near-term

E Mathew, Mathew Easow Fiscal Svcs: The Nifty is likely to test its 200-day moving average around 5134 levels. Can buy Bharti with a target of Rs 975-1010/sh.

Rajat K Bose, rajatkbose.com: If Nifty sustains above 5140 then it can test 5189 and 5225. Support for the index is seen at 5095 and 5046. Buy Tech Mahindra with stop loss below Rs 790/sh and target of Rs 855-876/sh.