F&O WATCH: Keep an eye on Hindalco

OPEN INTEREST                                                                (In million)
Underlying	17-Apr	13-Apr	12-Apr	10-Apr	7-Apr
Nifty	47.13	46.89	47.81	46.38	45.19
Infosys	3.82	4.54	3.96	3.52	3.39
Tata Steel	16.98	16.75	17.14	17.40	16.41
Satyam Computer	13.56	15.27	14.38	11.78	9.76
ACC	7.23	7.20	7.79	7.10	6.33
Guj Amb Cem	54.00	52.45	52.99	52.44	51.81
SBI	12.50	12.72	12.44	11.97	10.40
Total	1192.38	1193.32	1221.13	1173.01	1132.47

Long OI was built up in Essar Oil (18%), Jindal Steel (19%) and MTNL (10%).

Profit booking was seen in CNXIT (-14,800 shares). OI in IT stocks like Infosys (-24%), Satyam (-13%) & HCL Tech (-9%) declined.

The call options of Hindalco added nearly 3 lakh shares in OI, and we may see some further upsides in the stock.