I hope you are a non keralite.
Its not about the eligibility, ofcourse in the first allotment there is less chance for you becozevery one in the rank list will apply for options.
now the 2nd,3rd and other allotments make a real picture.
becoz many of those high rank will join other colleges and options will be re arranged.
I think you understood what i mean to say.
Hope for the best