Equity calls: Kumar, Bhamre

Devesh Kumar, Centrum Finance: Bad IIP data and rising inflation will further dampen investors sentiment. I expect muted inflows from FIIs as global cues are negative. The market is likely to trade sideways with the Nifty seen between 3800-4200.

Siddharth Bhamre, Angel Broking: The Nifty is in no trade zone. Shorts should be covered around 3850-3900. Traders who had written 4000 Put Options are covering their positions. Long build-up has been seen in Idea and Sterlite. HNIs are opting for FMPs.