Indian markets are expected to consolidate on Friday following muted global cues, with the weekly maximum Call OI placed at 18300 and the maximum Put OI placed at 18200. On Thursday, Nifty50 closed above 18200 levels, with Call writing seen at 18600 then 18400 strikes and Put writing at 18200 and 18100 strikes. SBI Life, HCL Technologies, SBI and PVR are the recommended stocks for those with a short-term trading horizon, according to experts cited by ETBureau. The Sensex rose more than 500 points while India VIX was down from 11.84 to 11.73 levels.