Deven Choksey, KR Choksey Securities: Global markets are seeing the impact of high crude price. I expect to see more profitbooking & consolidation going forward. The Sensex is likely to be between 16,700-17,500 in the near-term. I like RIL, Rel Comm & select realty stocks.

Tushar Mahajan, Edelweiss Securities: Low volumes indicate a lack of trend in the market. The Nifty may see support at 5000 as Put writing has been seen at this level. Short positions are seen in tech stocks and Bharti.