Congress's core concern, apart from stalling a Narendra Modi-led government, is to ensure the formation of a regime that does not lurch too far to the Left as this will pose a serious problem for the party.
Fine-tuning his focus on welfare policies, Congress vice-president Rahul Gandhi has been more vocal about a role for business as a "partner" in growth and in creating revenues needed for pro-poor schemes.
Recognizing it cannot step away from doing all it can to stall a "Modi sarkar" if BJP falls short of numbers or its tally is not quite decisive, Congress would be keen to ensure some continuity for its policies.
Supporting a formation where CPM leader Prakash Karat has a key role worries Congress as this could mean reversal or disruption of reforms at a time when it does not want to be seen as anti-growth.
Congress is looking for a rebalancing of its welfare-growth policies, and fears a clash between the political imperative of blocking Modi and a likely coalition that hurts or even negates growth.
The best option, said Congress sources, would be for the party to lead a government even on the basis of a reduced strength even if such a course of action entails managing a difficult coalition.
But while Congress could take a shot at forming a government - if the BJP surge fails to materialize - the party would need to plan for alternatives in case its own tally rules out leading a dispensation at the Centre.
Though Congress's elbow room will be dictated by the numbers regional parties chalk up, there is concern over Karat's role in impacting government formation, given Left's likely choice of regional leaders.
Congress, if it has its way, will not be fully comfortable with a regional boss like Samajwadi Party chief Mulayam Singh Yadav being touted as an acceptable choice for the prime minister's job.
In a crunch situation, someone like Odisha chief minister Naveen Patnaik would be a more moderate, sober and middle of the road choice.
Yet, outcomes are hard to predict and if the SP chief returns a healthy tally, it may not be easy to deny his claim to have halted the BJP in Uttar Pradesh, a credit that immediately embellishes his credentials.
Though AIADMK leader J Jayalalithaa is unlikely to lean leftwards, her penchant for unilateralism is a worry as is Trinamool Congress leader Mamata Banerjee who could be another contender for the PM post.
Congress leaders caution that post-poll gaming is fraught with uncertainty as Congress is ready to fight the last two phases tooth and nail, but claim that the BJP-led NDA's prospects are highly over estimated.
This school of thought believes BJP's numbers are not going to be anywhere near the 220-230 range the party and opinion polls have projected and various "secular" options will come on the table.
Congress sources admit to deep reservations about supporting or being part of a third front formation but the political necessity to stop a BJP government precludes being neutral as this will only push regional outfits towards Modi.
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