F&O WATCH: Rally ahead in Satyam, HLL

OPEN INTEREST                                                         (In million)
Underlying	20-Apr	19-Apr	18-Apr	17-Apr	13-Apr	12-Apr
Nifty	48.93	49.09	47.80	47.13	46.89	47.81
RIL	22.34	20.46	22.23	22.95	22.64	23.72
Tata Steel	19.81	18.57	18.05	16.98	16.75	17.14
Satyam Computer	14.93	13.02	13.01	13.56	15.27	14.38
MTNL	49.92	48.33	47.96	40.38	37.13	38.28
Tata Motors	6.22	6.19	6.32	6.04	5.94	6.41
IPCL	24.65	23.25	22.58	21.62	20.75	20.96
Total	1247.13	1225.04	1210.09	1192.38	1193.32	1221.13

Significant volume and increase in OI of 3500 April put options indicate that Nifty can take some support at 3500 levels in case of a correction.

Long OI was built in J&K Bank (26%), IoB (17), Satyam (16%), Nalco (14%) and HLL (11%), and we may see upside moves in these stocks.