Vibhav Kapoor, IL&FS: The market looks weak and may see further downside from current levels. The Nifty can go down to 4600. FII activity remains low.

Hemant Thukral, Asian Markets Securities: The Stock Futures Open Interest has been coming down indicating profitbooking. While the Nifty has seen short buildup, FIIs have been net buyers, so any support may see some short covering. I like Nalco,Hindalco and Tata Steel. Cairn may also resume its rally.