NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 13/01/2026

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Open Interest Volume Analysis

Open Interest Volume Analysis for January 13, 2026—NIFTY futures showed a clear fresh short buildup in combined OI (up 1.34%) even as volumes plunged 28.84%, signaling big players piling into shorts amid that spot dip to 25732.3, while premiums crashed across Jan-Feb contracts, hinting at downside momentum building fast.

NIFTY Combined: That 1.34% OI spike with fresh short signals screams bearish conviction—traders adding shorts as spot bled 0.225%, but the massive -28.84% volume drop means fewer hands in play, likely smart money dominating over retail panic; low rollover at 11% suggests expiry caution, so watch for spot retest below 25700 if this holds, actionable: trail shorts above 25850 with tight stops.

BANKNIFTY Combined: Sharp contrast here—OI down -3.68% on short covering amid spot’s mild 0.216% gain to 59578.8, paired with -24.48% volume contraction, points to bulls unwinding fear trades but hesitantly; higher 15% rollover (from 13%) shows some carryover optimism—reasoning: covering + premium crush (Jan down 103 pts) eases downside, trade idea: dip-buy near 59500 for targets at 60000 if volume rebounds.

MIDCPNIFTY Combined: Heavy fresh shorts with OI jumping 5.20% on spot’s -0.348% slide to 13649.25, volumes off -21.46%—classic distribution setup where OI builds bearishly on fading participation; low 6% rollover reinforces near-term weakness, clear call: avoid longs, consider puts if spot breaks 13600, but scale in on volume confirmation to dodge traps.

SENSEX Monthly (proxy for broads): OI up 8.84% fresh short with volume actually rising 29.17%—unique twist versus others, as spot fell 0.299% to 83,627; this combo flags aggressive selling pressure with conviction (unlike NIFTY’s low vol), premium tanking 95 pts adds fuel—actionable: fade rallies above 84,000, target 83,000 with OI watching for unwind.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 25732.3 (-0.225%)

Combined = January + February + March

Combined Fut Open Interest Change: 1.34%

Combined Fut Volume Change: -28.84%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 11% Previous 11%

NIFTY JANUARY Future closed at: 25790.8 (-0.329%)

January Fut Premium 58.5 (Decreased by -27.25 points)

January Fut Open Interest Change: 1.27%

January Fut Volume Change: -28.20%

January Fut Open Interest Analysis: Fresh Short

NIFTY FEBRUARY Future closed at: 25927.3 (-0.347%)

February Fut Premium 195 (Decreased by -32.25 points)

February Fut Open Interest Change: 1.41%

February Fut Volume Change: -30.47%

February Fut Open Interest Analysis: Fresh Short

NIFTY Weekly Expiry (20/01/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.661 (Increased from 0.656)

Put-Call Ratio (Volume): 0.824

Max Pain Level: 25800

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 24500

Highest CALL Addition: 27000

Highest PUT Addition: 24500

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

Put-Call Ratio (Open Interest): 0.875 (Decreased from 0.929)

Put-Call Ratio (Volume): 0.849

Max Pain Level: 26000

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 26000

Highest CALL Addition: 26000

Highest PUT Addition: 25000

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 59578.8 (0.216%)

Combined = January + February + March

Combined Fut Open Interest Change: -3.68%

Combined Fut Volume Change: -24.48%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 15% Previous 13%

BANKNIFTY JANUARY Future closed at: 59755.2 (0.042%)

January Fut Premium 176.4 (Decreased by -103.5 points)

January Fut Open Interest Change: -4.9%

January Fut Volume Change: -22.3%

January Fut Open Interest Analysis: Short Covering

BANKNIFTY FEBRUARY Future closed at: 60083.6 (0.022%)

February Fut Premium 504.8 (Decreased by -115.3 points)

February Fut Open Interest Change: 3.38%

February Fut Volume Change: -39.43%

February Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 0.889 (Decreased from 0.907)

Put-Call Ratio (Volume): 0.973

Max Pain Level: 59500

Maximum CALL Open Interest: 59500

Maximum PUT Open Interest: 59500

Highest CALL Addition: 59800

Highest PUT Addition: 57500

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 13649.25 (-0.348%)

Combined = January + February + March

Combined Fut Open Interest Change: 5.20%

Combined Fut Volume Change: -21.46%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 6% Previous 5%

MIDCPNIFTY JANUARY Future closed at: 13671.65 (-0.488%)

January Fut Premium 22.4 (Decreased by -19.3 points)

January Fut Open Interest Change: 4.65%

January Fut Volume Change: -22.58%

January Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY FEBRUARY Future closed at: 13733.2 (-0.525%)

February Fut Premium 83.95 (Decreased by -24.8 points)

February Fut Open Interest Change: 15.53%

February Fut Volume Change: 2.09%

February Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.739 (Decreased from 0.835)

Put-Call Ratio (Volume): 0.766

Max Pain Level: 13800

Maximum CALL Open Interest: 14000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 14500

Highest PUT Addition: 13200

SENSEX Monthly Expiry (29/01/2026) Future

SENSEX Spot closed at: 83,627.69 (-0.299%)

SENSEX Monthly Future closed at: 83,964.45 (-0.410%)

Premium: 336.76 (Decreased by -95.47 points)

Open Interest Change: 8.84%

Volume Change: 29.17%

Open Interest Analysis: Fresh Short

SENSEX Weekly Expiry (14/01/2026) Option Analysis

Put-Call Ratio (OI): 0.689 (Decreased from 0.918)

Put-Call Ratio (Volume): 1.009

Max Pain Level: 83700

Maximum CALL OI: 85000

Maximum PUT OI: 83000

Highest CALL Addition: 85000

Highest PUT Addition: 82000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,499.81 Cr.

DIIs Net BUY: ₹1,181.78 Cr.

FII Derivatives Activity

FII Trading Stats13.01.2612.01.269.01.26
FII Cash (Provisional Data)-1,499.81-3,638.40-3,769.31
    
Index Future Open Interest Long Ratio7.54%7.78%7.53%
Index Future Volume Long Ratio44.77%45.78%32.80%
Call Option Open Interest Long Ratio48.16%49.80%49.08%
Call Option Volume Long Ratio49.92%50.05%50.24%
Put Option Open Interest Long Ratio64.85%58.82%61.12%
Put Option Volume Long Ratio49.99%49.92%50.13%
Stock Future Open Interest Long Ratio61.47%61.82%61.76%
Stock Future Volume Long Ratio47.29%55.13%50.78%
    
Index FuturesFresh ShortFresh ShortFresh Short
Index OptionsLong CoveringFresh LongFresh Long
    
Nifty FuturesFresh ShortFresh ShortFresh Short
Nifty OptionsLong CoveringFresh LongFresh Long
    
BankNifty FuturesFresh LongFresh LongFresh Short
BankNifty OptionsFresh LongFresh ShortLong Covering
    
FinNifty FuturesFresh ShortFresh ShortShort Covering
FinNifty OptionsShort CoveringShort CoveringFresh Short
    
MidcpNifty FuturesFresh ShortFresh ShortFresh Short
MidcpNifty OptionsFresh ShortLong CoveringFresh Long
    
NiftyNxt50 FuturesFresh ShortFresh ShortFresh Short
NiftyNxt50 OptionsFresh ShortFresh LongFresh Short
    
Stock FuturesFresh ShortFresh LongShort Covering
Stock OptionsFresh LongFresh LongFresh Long

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

SENSEX Weekly Expiry (14/01/2026)

The SENSEX index closed at 83627.69. The SENSEX weekly expiry for JANUARY 14, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.689 against previous 0.918. The 85000CE option holds the maximum open interest, followed by the 84000CE and 84500CE options. Market participants have shown increased interest with significant open interest additions in the 85000CE option, with open interest additions also seen in the 84000CE and 84500CE options. On the other hand, open interest reductions were prominent in the 76100PE, 83900PE, and 93000CE options. Trading volume was highest in the 84000CE option, followed by the 83500PE and 83000PE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:14-01-2026
Index SpotPCR OIPrev PCR OIPCR VOL
83627.690.6890.9181.009
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:  2,93,03,700    1,42,07,240        1,50,96,460
PUT:  2,01,92,680    1,30,40,900           71,51,780
Top CALL Open Interest:
StrikeOIOI ChangeVolume
85000      22,67,700        13,50,540        2,43,61,920
84000      19,21,900        12,81,900        6,27,67,980
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
85000      22,67,700        13,50,540        2,43,61,920
84000      19,21,900        12,81,900        6,27,67,980
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
93000        3,42,260            -87,700           13,52,600
90000        1,68,760            -66,340           16,32,000
Top CALL Volume:
StrikeOIOI ChangeVolume
84000      19,21,900        12,81,900        6,27,67,980
83800        7,38,420          5,30,880        3,71,18,460
Top PUT Open Interest:
StrikeOIOI ChangeVolume
83000      14,88,440          7,46,400        4,06,84,300
82000      14,72,840          9,29,060        1,83,98,040
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
82000      14,72,840          9,29,060        1,83,98,040
83000      14,88,440          7,46,400        4,06,84,300
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
76100        1,02,840        -1,25,840           10,56,840
83900        1,00,560        -1,10,560        2,09,52,640
Top PUT Volume:
StrikeOIOI ChangeVolume
83500        8,83,160          1,69,540        5,49,54,060
83000      14,88,440          7,46,400        4,06,84,300

NIFTY Weekly Expiry (20/01/2026)

The NIFTY index closed at 25732.3. The NIFTY weekly expiry for JANUARY 20, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.661 against previous 0.656. The 26000CE option holds the maximum open interest, followed by the 27000CE and 25800CE options. Market participants have shown increased interest with significant open interest additions in the 27000CE option, with open interest additions also seen in the 26000CE and 25800CE options. On the other hand, open interest reductions were prominent in the 27850CE, 24100PE, and 27450PE options. Trading volume was highest in the 25800CE option, followed by the 26000CE and 25700PE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:20-01-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         25,732.30                0.661                  0.656               0.824
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    9,02,36,770      5,03,07,660   3,99,29,110
 PUT:    5,96,61,680      3,30,06,220   2,66,55,460
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               26,000       71,28,095         35,70,255         7,87,425
               27,000       69,13,985         36,82,055         2,96,252
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               27,000       69,13,985         36,82,055         2,96,252
               26,000       71,28,095         35,70,255         7,87,425
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               27,850             24,440              -17,680               1,796
               24,150                      65                         –                         2
 Top CALL Volume:
 Strike OI OI Change Volume
               25,800       56,81,065         28,93,215         8,53,025
               26,000       71,28,095         35,70,255         7,87,425
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,500       40,57,300         23,01,325         1,92,165
               25,000       39,70,330         14,94,740         2,92,087
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,500       40,57,300         23,01,325         1,92,165
               24,000       31,49,965         19,22,830         1,24,618
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,100          3,94,810                -4,485             22,815
               27,450                   130                      -65                       1
 Top PUT Volume: 
 Strike OI OI Change Volume
               25,700       33,36,970         13,16,640         7,46,262
               25,800       28,73,520            4,25,555         6,08,764

NIFTY Monthly Expiry (27/01/2026)

The NIFTY index closed at 25732.3. The NIFTY monthly expiry for JANUARY 27, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.875 against previous 0.929. 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 26100CE and 26200CE options. On the other hand, open interest reductions were prominent in the 25100PE, 26200PE, and 26300PE options. Trading volume was highest in the 26000CE option, followed by the 25500PE and 25800PE options, indicating active trading in these strikes.

NIFTY Monthly Expiry:27-01-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         25,732.30                0.875                  0.929               0.849
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    5,51,89,030      5,06,68,020       45,21,010
 PUT:    4,82,82,260      4,70,79,305       12,02,955
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               26,000       88,20,175            8,79,385         2,12,350
               27,000       57,22,600            1,78,880             57,676
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               26,000       88,20,175            8,79,385         2,12,350
               26,100       28,74,885            5,69,530             97,218
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               26,900          6,67,940              -48,230             11,315
               25,000          7,87,865              -46,800               6,042
 Top CALL Volume:
 Strike OI OI Change Volume
               26,000       88,20,175            8,79,385         2,12,350
               25,800       17,82,365            2,85,480         1,42,801
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               26,000       54,40,955               72,215             64,853
               25,000       39,78,130            2,39,265             85,158
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               25,000       39,78,130            2,39,265             85,158
               25,700       19,93,095            2,02,150         1,21,270
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               25,100          7,17,145          -1,29,805             33,095
               26,200       21,96,545              -63,375             11,700
 Top PUT Volume: 
 Strike OI OI Change Volume
               25,500       30,94,455              -55,705         1,44,160
               25,800       21,47,925            1,49,890         1,42,808

BANKNIFTY Monthly Expiry (27/01/2026)

The BANKNIFTY index closed at 59578.8. The BANKNIFTY monthly expiry for JANUARY 27, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.889 against previous 0.907. 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 57500PE option, with open interest additions also seen in the 59600PE and 59800CE options. On the other hand, open interest reductions were prominent in the 57000PE, 59300CE, and 59100PE options. Trading volume was highest in the 59500PE option, followed by the 59500CE and 60000CE options, indicating active trading in these strikes.

BANKNIFTY Monthly Expiry:27-01-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         59,578.80                0.889                  0.907               0.973
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    1,36,61,190      1,33,94,700         2,66,490
 PUT:    1,21,44,660      1,21,53,360             -8,700
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               59,500       16,17,180              -21,960         1,69,788
               60,000       15,90,720               38,940         1,60,592
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               59,800          2,70,750               39,360             92,937
               60,500          6,25,110               39,030             66,499
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               59,300             81,540              -49,260             29,116
               59,400          1,15,230              -27,330             59,029
 Top CALL Volume:
 Strike OI OI Change Volume
               59,500       16,17,180              -21,960         1,69,788
               60,000       15,90,720               38,940         1,60,592
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               59,500       18,84,240               18,900         2,04,055
               59,000       10,07,880                -4,290         1,07,821
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               57,500          4,97,100               44,700             28,061
               59,600          2,13,930               40,200         1,20,360
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               57,000          5,14,830              -61,710             27,026
               59,100          1,64,460              -33,990             34,366
 Top PUT Volume: 
 Strike OI OI Change Volume
               59,500       18,84,240               18,900         2,04,055
               59,600          2,13,930               40,200         1,20,360

MIDCPNIFTY Monthly Expiry (27/01/2026)

The MIDCPNIFTY index closed at 13649.25. The MIDCPNIFTY monthly expiry for JANUARY 27, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.739 against previous 0.835. The 14000CE option holds the maximum open interest, followed by the 14500CE and 13000PE options. Market participants have shown increased interest with significant open interest additions in the 14500CE option, with open interest additions also seen in the 14000CE and 13800CE options. On the other hand, open interest reductions were prominent in the 71000CE, 69500CE, and 71700PE options. Trading volume was highest in the 14000CE option, followed by the 13700CE and 13700PE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:27-01-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         13,649.25                0.739                  0.835               0.766
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    1,01,86,080         89,51,520       12,34,560
 PUT:       75,31,320         74,70,720             60,600
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               14,000       14,19,120            1,79,040             30,652
               14,500       12,37,560            1,86,600             11,166
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               14,500       12,37,560            1,86,600             11,166
               14,000       14,19,120            1,79,040             30,652
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               14,600          5,11,080              -54,960               4,033
               13,900          4,36,800              -27,840             18,649
 Top CALL Volume:
 Strike OI OI Change Volume
               14,000       14,19,120            1,79,040             30,652
               13,700          5,31,480               95,760             25,407
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               13,000          8,72,040               37,560             15,354
               13,500          6,08,280              -50,160             19,135
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               13,200          4,69,560               58,440             12,180
               12,800          4,06,200               50,160               4,635
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               13,700          4,16,280              -93,960             21,879
               13,500          6,08,280              -50,160             19,135
 Top PUT Volume: 
 Strike OI OI Change Volume
               13,700          4,16,280              -93,960             21,879
               13,600          5,88,960               32,160             21,430

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

NIFTY weekly PCR OI at 0.661 (puts lagging) with max pain 25800 aligns with combined fresh shorts—highest put adds at 24500 scream support defense, but watch 26000 CE resistance.

BANKNIFTY monthly PCR 0.889 dip + balanced max pain at 59500 supports the covering narrative; fresh adds around 59800/57500 hint rangebound play.

MIDCPNIFTY PCR 0.739 falling with 13800 pain level backs the short OI buildup—put adds at 13200 could cap downside if tested.

Wrapping this Open Interest Volume Analysis, markets lean bearish on NIFTY/MIDCPNIFTY fresh shorts with shriveling volumes pointing to controlled downside (stay short-biased under 25850), while BANKNIFTY’s covering offers a counterplay—SENSEX warns of broader pain; overall, low volumes mean volatility spikes ahead of weekly expiry, so prioritize tight risk (1% max) and trail on OI shifts for profitable edges tomorrow.

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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