Siddharth Bhamre, Angel Broking: FIIs are buying Put Options to hedge positions. Support for the Nifty is seen at 5,000 levels. I would advise investors to avoid going short at this stage.

Anand Tandon, Brics Securities: The underlying market sentiment is positive but the near-term upside looks capped around 18,000 on the Sensex. The Q4 results were better than expected but are already priced in. The key concern for the market is that future earnings consensus have not factored in a slowdown in investment growth.