NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 30/12/2025

Markets closed nearly flat today, but this Open Interest Volume Analysis across the fresh combined futures (January+February+March) reveals dramatically divergent positioning—NIFTY and MIDCPNIFTY loaded with massive fresh shorts while BANKNIFTY and FINNIFTY show bullish long buildup, signaling sharp sector rotation into the new series.

NIFTY combined futures explode with shorts: +45.34% OI surge on +16% volume despite flat price screams institutional bear positioning—January alone +47.68%, February +21.84% confirms conviction across the curve.

BANKNIFTY bucks trend bullishly: +31.99% combined OI with volume doubling shows fresh long aggression, January leading strongly—classic banking strength rotation.

MIDCPNIFTY stays bearish: +22.87% combined OI confirms continued short bias, aligning with NIFTY’s downside conviction.

SENSEX seals broad caution: +33.2% OI buildup warns benchmark shorts dominating the narrative.

Options PCR mixed defensive: NIFTY at 0.755 weekly/1.010 monthly shows balanced positioning around max pain 26,000-26,100—expiry pinning likely.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 25938.85 (-0.013%)

Combined = January + February + March

Combined Fut Open Interest Change: 45.34%

Combined Fut Volume Change: 15.68%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 8% Previous 9%

NIFTY JANUARY Future closed at: 26118.8 (-0.010%)

January Fut Premium 179.95 (Increased by 0.75 points)

January Fut Open Interest Change: 47.68%

January Fut Volume Change: 15.86%

January Fut Open Interest Analysis: Fresh Short

NIFTY FEBRUARY Future closed at: 26258.4 (-0.027%)

February Fut Premium 319.55 (Decreased by -3.75 points)

February Fut Open Interest Change: 21.84%

February Fut Volume Change: 12.16%

February Fut Open Interest Analysis: Fresh Short

NIFTY Weekly Expiry (6/01/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.755 (Increased from 0.691)

Put-Call Ratio (Volume): 0.791

Max Pain Level: 26000

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 26000

Highest CALL Addition: 26000

Highest PUT Addition: 25900

NIFTY Monthly Expiry (27/01/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.010 (Increased from 1.004)

Put-Call Ratio (Volume): 0.853

Max Pain Level: 26100

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 26000

Highest CALL Addition: 26000

Highest PUT Addition: 26000

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 59171.25 (0.405%)

Combined = January + February + March

Combined Fut Open Interest Change: 31.99%

Combined Fut Volume Change: 88.00%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 6% Previous 7%

BANKNIFTY JANUARY Future closed at: 59586.2 (0.411%)

January Fut Premium 414.95 (Increased by 4.9 points)

January Fut Open Interest Change: 33.1%

January Fut Volume Change: 90.4%

January Fut Open Interest Analysis: Fresh Long

BANKNIFTY FEBRUARY Future closed at: 59928.2 (0.374%)

February Fut Premium 756.95 (Decreased by -15.5 points)

February Fut Open Interest Change: 16.50%

February Fut Volume Change: 48.44%

February Fut Open Interest Analysis: Fresh Long

BANKNIFTY Monthly Expiry  (27/01/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.008 (Increased from 0.957)

Put-Call Ratio (Volume): 0.921

Max Pain Level: 59500

Maximum CALL Open Interest: 59500

Maximum PUT Open Interest: 59500

Highest CALL Addition: 61000

Highest PUT Addition: 59000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 13601.4 (-0.367%)

Combined = January + February + March

Combined Fut Open Interest Change: 22.87%

Combined Fut Volume Change: 22.03%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 2% Previous 2%

MIDCPNIFTY JANUARY Future closed at: 13671.5 (-0.196%)

January Fut Premium 70.1 (Increased by 23.2 points)

January Fut Open Interest Change: 22.56%

January Fut Volume Change: 21.45%

January Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY FEBRUARY Future closed at: 13740.25 (-0.131%)

February Fut Premium 138.85 (Increased by 32 points)

February Fut Open Interest Change: 37.50%

February Fut Volume Change: 48.03%

February Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY Monthly Expiry (27/01/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.169 (Decreased from 1.181)

Put-Call Ratio (Volume): 0.853

Max Pain Level: 13700

Maximum CALL Open Interest: 14000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 13700

Highest PUT Addition: 13000

SENSEX Monthly Expiry (29/01/2026) Future

SENSEX Spot closed at: 84,675.08 (-0.024%)

SENSEX Monthly Future closed at: 85,340.10 (-0.065%)

Premium: 665.02 (Decreased by -35.34 points)

Open Interest Change: 33.20%

Volume Change: 19.26%

Open Interest Analysis: Fresh Short

SENSEX Weekly Expiry (1/01/2026) Option Analysis

Put-Call Ratio (OI): 0.727 (Increased from 0.496)

Put-Call Ratio (Volume): 0.921

Max Pain Level: 85200

Maximum CALL OI: 85000

Maximum PUT OI: 84000

Highest CALL Addition: 86000

Highest PUT Addition: 84000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 3,844.02 Cr.
DIIs Net BUY: ₹ 6,159.81 Cr.

FII Derivatives Activity

FII Trading Stats	30.12.25	29.12.25	26.12.25
FII Cash (Provisional Data)	-3,844.02	-2,759.89	-317.56
Index Future Open Interest Long Ratio	8.84%	13.65%	11.06%
Index Future Volume Long Ratio	46.04%	44.12%	45.11%
Call Option Open Interest Long Ratio	47.19%	49.33%	49.47%
Call Option Volume Long Ratio	50.08%	49.97%	49.90%
Put Option Open Interest Long Ratio	68.16%	61.73%	62.13%
Put Option Volume Long Ratio	50.15%	49.99%	50.52%
Stock Future Open Interest Long Ratio	63.15%	62.20%	62.30%
Stock Future Volume Long Ratio	53.98%	49.82%	50.25%
Index Futures	Long Covering	Fresh Short	Fresh Short
Index Options	Short Covering	Fresh Short	Fresh Long
Nifty Futures	Long Covering	Fresh Short	Fresh Short
Nifty Options	Short Covering	Fresh Long	Fresh Long
BankNifty Futures	Long Covering	Short Covering	Long Covering
BankNifty Options	Short Covering	Long Covering	Fresh Long
FinNifty Futures	Fresh Long	Fresh Short	Fresh Short
FinNifty Options	Short Covering	Fresh Short	Fresh Short
MidcpNifty Futures	Long Covering	Fresh Long	Fresh Long
MidcpNifty Options	Long Covering	Long Covering	Fresh Short
NiftyNxt50 Futures	Short Covering	Long Covering	Long Covering
NiftyNxt50 Options	Long Covering	Long Covering	Fresh Long
Stock Futures	Short Covering	Long Covering	Short Covering
Stock Options	Short Covering	Long Covering	Short Covering

Fresh Long: Net Buy with Increase in Open Interest
Fresh Short: Net Sell with Increase in Open Interest
Short Covering: Net Buy with Decrease in Open Interest
Long Covering: Net Sell with Decrease in Open Interest

NSE & BSE Option market Trends : Options Insights

SENSEX Weekly Expiry (1/01/2026)

The SENSEX index closed at 84675.08. The SENSEX weekly expiry for JANUARY 1, 2026, has revealed key trends in open interest. The current Put/Call Ratio is at 0.727 against previous 0.496. The 85000CE option holds the maximum open interest, followed by the 85500CE and 86000CE options. Market participants have shown increased interest with significant open interest additions in the 84000PE option, with open interest additions also seen in the 84500PE and 82500PE options. On the other hand, open interest reductions were prominent in the 91000CE, 85000PE, and 89500CE options. Trading volume was highest in the 84500PE option, followed by the 84600PE and 84700PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	01-01-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
84675.08	0.727	0.496	0.921
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,15,68,100	1,58,70,820	56,97,280
PUT:	1,56,74,300	78,69,460	78,04,840
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	15,52,900	5,17,680	2,63,81,840
85500	14,91,460	4,74,280	1,75,37,160
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
86000	14,22,400	5,98,400	1,04,84,520
85000	15,52,900	5,17,680	2,63,81,840
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
91000	58,600	-83,580	5,54,900
89500	1,67,680	-50,880	14,93,640
Top CALL Volume:
Strike	OI	OI Change	Volume
85000	15,52,900	5,17,680	2,63,81,840
84700	5,31,720	2,70,080	2,26,69,720
Top PUT Open Interest:
Strike	OI	OI Change	Volume
84000	12,18,320	7,74,260	1,70,59,780
84500	11,21,540	7,44,140	3,36,76,680
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
84000	12,18,320	7,74,260	1,70,59,780
84500	11,21,540	7,44,140	3,36,76,680
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
85000	4,39,780	-55,780	1,02,99,480
85200	1,29,660	-28,840	14,60,020
Top PUT Volume:
Strike	OI	OI Change	Volume
84500	11,21,540	7,44,140	3,36,76,680
84600	7,66,220	5,29,620	3,35,51,760

NIFTY Weekly Expiry (6/01/2026)

The NIFTY index closed at 25938.85. The NIFTY weekly expiry for JANUARY 6, 2026, has revealed key trends in open interest. The current Put/Call Ratio is at 0.755 against previous 0.691. The 26000CE option holds the maximum open interest, followed by the 27000CE and 26000PE options. Market participants have shown increased interest with significant open interest additions in the 26000CE option, with open interest additions also seen in the 27000CE and 25900PE options. On the other hand, open interest reductions were prominent in the 26400PE, 26350PE, and 27350CE options. Trading volume was highest in the 26000CE option, followed by the 25900PE and 26000PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	01-01-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
84675.08	0.727	0.496	0.921
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,15,68,100	1,58,70,820	56,97,280
PUT:	1,56,74,300	78,69,460	78,04,840
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	15,52,900	5,17,680	2,63,81,840
85500	14,91,460	4,74,280	1,75,37,160
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
86000	14,22,400	5,98,400	1,04,84,520
85000	15,52,900	5,17,680	2,63,81,840
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
91000	58,600	-83,580	5,54,900
89500	1,67,680	-50,880	14,93,640
Top CALL Volume:
Strike	OI	OI Change	Volume
85000	15,52,900	5,17,680	2,63,81,840
84700	5,31,720	2,70,080	2,26,69,720
Top PUT Open Interest:
Strike	OI	OI Change	Volume
84000	12,18,320	7,74,260	1,70,59,780
84500	11,21,540	7,44,140	3,36,76,680
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
84000	12,18,320	7,74,260	1,70,59,780
84500	11,21,540	7,44,140	3,36,76,680
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
85000	4,39,780	-55,780	1,02,99,480
85200	1,29,660	-28,840	14,60,020
Top PUT Volume:
Strike	OI	OI Change	Volume
84500	11,21,540	7,44,140	3,36,76,680
84600	7,66,220	5,29,620	3,35,51,760

NIFTY Monthly Expiry (27/01/2026)

The NIFTY index closed at 25938.85. The NIFTY monthly expiry for JANUARY 27, 2026, has revealed key trends in open interest. The current Put/Call Ratio is at 1.010 against previous 1.004. The 26000PE option holds the maximum open interest, followed by the 26000CE and 27000CE options. Market participants have shown increased interest with significant open interest additions in the 26000CE option, with open interest additions also seen in the 26000PE and 26100CE options. On the other hand, open interest reductions were prominent in the 26800CE, 26700CE, and 27200CE options. Trading volume was highest in the 26000PE option, followed by the 26000CE and 26500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	27-01-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,938.85	1.010	1.004	0.853
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,65,99,550	3,09,51,960	56,47,590
PUT:	3,69,49,185	3,10,62,915	58,86,270
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	53,66,595	19,82,435	1,16,738
27,000	44,69,790	1,82,130	48,649
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	53,66,595	19,82,435	1,16,738
26,100	21,75,485	12,89,535	56,511
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,800	12,13,810	-5,98,260	35,086
26,700	13,45,955	-93,795	21,646
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	53,66,595	19,82,435	1,16,738
26,500	39,32,175	8,04,635	63,460
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	58,39,145	14,69,325	1,25,922
25,500	34,64,565	1,32,145	37,625
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,000	58,39,145	14,69,325	1,25,922
26,100	20,85,915	10,19,200	45,528
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,450	21,970	-17,875	603
26,150	88,855	-14,820	1,334
Top PUT Volume:
Strike	OI	OI Change	Volume
26,000	58,39,145	14,69,325	1,25,922
26,100	20,85,915	10,19,200	45,528

BANKNIFTY Monthly Expiry (27/01/2026)

The BANKNIFTY index closed at 59171.25. The BANKNIFTY monthly expiry for JANUARY 27, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.008 against previous 0.957. The 59500PE option holds the maximum open interest, followed by the 59500CE and 60000CE options. Market participants have shown increased interest with significant open interest additions in the 59000PE option, with open interest additions also seen in the 61000CE and 55000PE options. On the other hand, open interest reductions were prominent in the 62400CE, 59900PE, and 60800PE options. Trading volume was highest in the 59000PE option, followed by the 59500CE and 59000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	27-01-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
59,171.25	1.008	0.957	0.921
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	70,88,280	59,18,400	11,69,880
PUT:	71,48,430	56,66,520	14,81,910
Top CALL Open Interest:
Strike	OI	OI Change	Volume
59,500	14,95,320	2,250	56,168
60,000	9,10,830	49,860	44,580
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
61,000	5,04,480	1,56,750	24,171
59,000	4,36,380	81,210	51,045
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
62,400	25,170	-2,070	775
56,200	450	-120	5
Top CALL Volume:
Strike	OI	OI Change	Volume
59,500	14,95,320	2,250	56,168
59,000	4,36,380	81,210	51,045
Top PUT Open Interest:
Strike	OI	OI Change	Volume
59,500	15,39,720	74,340	25,518
59,000	7,22,970	1,81,320	62,632
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
59,000	7,22,970	1,81,320	62,632
55,000	2,46,420	83,070	9,637
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
59,900	13,860	-1,020	645
60,800	3,540	-270	10
Top PUT Volume:
Strike	OI	OI Change	Volume
59,000	7,22,970	1,81,320	62,632
59,500	15,39,720	74,340	25,518

MIDCPNIFTY Monthly Expiry (27/01/2026)

The MIDCPNIFTY index closed at 13601.4. The MIDCPNIFTY monthly expiry for JANUARY 27, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.169 against previous 1.181. The 13000PE option holds the maximum open interest, followed by the 13500PE and 14000CE options. Market participants have shown increased interest with significant open interest additions in the 13000PE option, with open interest additions also seen in the 13500PE and 13700CE options. On the other hand, open interest reductions were prominent in the 57500PE, 57500PE, and 57500PE options. Trading volume was highest in the 13000PE option, followed by the 13700CE and 14000CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	27-01-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,601.40	1.169	1.181	0.853
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	22,24,800	14,01,840	8,22,960
PUT:	25,99,800	16,55,040	9,44,760
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	3,80,280	69,720	4,592
13,700	2,29,920	1,32,720	4,948
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,700	2,29,920	1,32,720	4,948
13,600	1,27,560	1,07,640	3,783
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
–	–	–	–
–	–	–	–
Top CALL Volume:
Strike	OI	OI Change	Volume
13,700	2,29,920	1,32,720	4,948
14,000	3,80,280	69,720	4,592
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	6,83,160	2,80,080	5,680
13,500	5,01,360	2,10,480	3,917
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,000	6,83,160	2,80,080	5,680
13,500	5,01,360	2,10,480	3,917
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
14,000	1,80,960	-10,800	785
–	–	–	–
Top PUT Volume:
Strike	OI	OI Change	Volume
13,000	6,83,160	2,80,080	5,680
13,700	2,13,720	1,15,680	3,951

Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us

Open Interest Volume Analysis verdict: Sector divergence rules: NIFTY/MIDCPNIFTY combined books screaming fresh shorts while BANKNIFTY/FINNIFTY load longs—classic rotation play for 2026 start.

Actionable expiry edge: Short NIFTY 26,100 rallies with 26,200 stops targeting pin at 26,000; load BANKNIFTY/FINNIFTY calls 59,500/27,500—sector spread trades shine.

Skip broad market bets: Divergent positioning kills index directionality—play relative strength instead.

Check Previous Day’s NSE & BSE Indices F&O Analysis

FII / FPI trading activity in Capital Market Segment

NSE Derivatives Raw Data

BSE Derivatives Raw Data

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