| OPEN INTEREST (In million) | ||||||
| Underlying | 21-Apr | 20-Apr | 19-Apr | 18-Apr | 17-Apr | 13-Apr |
| Nifty | 49.63 | 48.93 | 49.09 | 47.80 | 47.13 | 46.89 |
| Satyam Computer | 19.30 | 14.93 | 13.02 | 13.01 | 13.56 | 15.27 |
| Tata Steel | 21.18 | 19.81 | 18.57 | 18.05 | 16.98 | 16.75 |
| RIL | 22.47 | 22.34 | 20.46 | 22.23 | 22.95 | 22.64 |
| Tata Motors | 5.81 | 6.22 | 6.19 | 6.32 | 6.04 | 5.94 |
| MTNL | 51.91 | 49.92 | 48.33 | 47.96 | 40.38 | 37.13 |
| IPCL | 25.36 | 24.65 | 23.25 | 22.58 | 21.62 | 20.75 |
| Total | 1297.46 | 1247.13 | 1225.04 | 1210.09 | 1192.38 | 1193.32 |
However, the markets are expected to be highly volatile this week and the buzzword is caution. Significant built up in Nifty 3500 put options (17.8 lakh shares) suggests that the 3,500-level of Nifty will be an important support level in case of a correction.
Strong open interest build up was seen in J&K Bank (55%), Alok Textiles (42%), Essar Oil (38%), MTNL (34%), Grasim (24%), HLL (26%), Jindal Steel (25%) and Nalco (22%), which indicates possible upside moves in these stocks.
Fresh OI has been built up in Hindalco (15%) & Tata Steel (9%) on Friday, and we may see a rally in these stocks this week.
Major profit-booking was witnessed in CNXIT futures as the weekly OI declined by 30,900 shares (-59%), and also in IT stocks like Infosys (-47%) & TCS (-23%). The CoC of TCS has also turned negative, and one must avoid going long in the stock now.