Turning Complex Derivative Data into Clear Market Insights
NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 13/05/2026
Table of Contents
Indian markets witnessed a highly range-bound yet rotational session on 13/05/2026, and the overall Open Interest Volume Analysis suggests that traders are shifting positions aggressively rather than creating strong directional conviction. NIFTY managed to close marginally positive with visible short covering in the near-month futures, while BANKNIFTY continued to remain under pressure with fresh short build-up across both May and June contracts.
The biggest takeaway from today’s Open Interest Volume Analysis is the divergence between indices. NIFTY futures showed signs of temporary relief after heavy correction, but the recovery lacked strong volume participation. Simultaneously, June series NIFTY contracts saw aggressive fresh long additions, indicating that smart money may be positioning for a medium-term rebound while remaining cautious in the immediate term.
Weekly NIFTY option data still reflects hesitation. PCR improved sharply from 0.715 to 0.807, indicating reduction in extreme bearishness, but the market continues to witness heavy CALL writing at higher levels. Highest CALL addition at 23900 and maximum CALL OI at 25000 clearly indicate that upside zones remain heavily defended by option writers.
On the downside, PUT writers stayed relatively inactive at higher strikes, which is a concern despite short covering. Highest PUT addition at 21100 is unusually lower compared to spot levels and reflects lack of aggressive bullish conviction from positional traders. This keeps the market vulnerable to sudden profit booking if global cues weaken.
Monthly NIFTY data presents a mixed structure. PCR OI slipped from 0.992 to 0.957 even after price recovery, showing that call writers are still dominating the broader trend. Max pain at 24000 suggests expiry magnet behavior near higher levels, but sustainable breakout may require stronger institutional participation and broader market support.
BANKNIFTY remains the weak pocket of the market. Fresh short build-up in combined futures along with falling premiums indicates traders are using every bounce to create bearish positions. The highest CALL addition and highest PUT addition both at 54000 suggest aggressive straddle positioning, signaling expectation of volatile but capped movement.
MIDCPNIFTY continued to outperform with fresh long build-up and rising premiums, showing selective risk appetite in broader markets. PCR above 1 and steady long additions indicate stronger sentiment in midcaps compared to frontline banking counters. However, declining volumes suggest momentum traders should avoid chasing sharp upside without confirmation.
SENSEX derivatives data also reflects cautious optimism. Fresh long additions in futures despite lower volumes indicate institutional accumulation, but declining premium expansion shows traders are still waiting for confirmation before aggressive positioning. Weekly option positioning between 72000–78000 indicates a wide but controlled expiry range.
Overall, today’s Open Interest Volume Analysis reflects a market transitioning from panic unwinding toward cautious stabilization, but not yet into a confirmed bullish trend. Traders should stay alert to rollover activity, global macro cues, and FIIs positioning as volatility can expand sharply near expiry sessions.
NSE & BSE F&O Market Signals
NIFTY Future analysis
NIFTY Spot closed at: 23412.6 (0.141%)
Combined = May + June + July
Combined Fut Open Interest Change: -0.60%
Combined Fut Volume Change: -14.06%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 15% Previous 13%
NIFTY MAY Future closed at: 23462.4 (0.161%)
May Fut Premium 49.8 (Increased by 4.65 points)
May Fut Open Interest Change: -3.08%
May Fut Volume Change: -16.93%
May Fut Open Interest Analysis: Short Covering
NIFTY JUNE Future closed at: 23571.9 (0.185%)
June Fut Premium 159.3 (Increased by 10.45 points)
June Fut Open Interest Change: 17.84%
June Fut Volume Change: 10.17%
June Fut Open Interest Analysis: Fresh Long
NIFTY Weekly Expiry (19/05/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.807 (Increased from 0.715)
Put-Call Ratio (Volume): 1.050
Max Pain Level: 23500
Maximum CALL Open Interest: 25000
Maximum PUT Open Interest: 22000
Highest CALL Addition: 23900
Highest PUT Addition: 21100
NIFTY Monthly Expiry (26/05/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.957 (Decreased from 0.992)
Put-Call Ratio (Volume): 0.797
Max Pain Level: 24000
Maximum CALL Open Interest: 24000
Maximum PUT Open Interest: 23000
Highest CALL Addition: 23500
Highest PUT Addition: 22000
BANKNIFTY Future Analysis
BANKNIFTY Spot closed at: 53456.15 (-0.185%)
Combined = May + June + July
Combined Fut Open Interest Change: 1.16%
Combined Fut Volume Change: 5.53%
Combined Fut Open Interest Analysis: Fresh Short
Rollover: 17% Previous 16%
BANKNIFTY MAY Future closed at: 53613.8 (-0.201%)
May Fut Premium 157.65 (Decreased by -8.95 points)
May Fut Open Interest Change: 0.3%
May Fut Volume Change: 11.3%
May Fut Open Interest Analysis: Fresh Short
BANKNIFTY JUNE Future closed at: 53827 (-0.267%)
June Fut Premium 370.85 (Decreased by -44.95 points)
June Fut Open Interest Change: 5.66%
June Fut Volume Change: -27.59%
June Fut Open Interest Analysis: Fresh Short
BANKNIFTY Monthly Expiry (26/05/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.714 (Increased from 0.702)
Put-Call Ratio (Volume): 0.814
Max Pain Level: 55500
Maximum CALL Open Interest: 60000
Maximum PUT Open Interest: 60000
Highest CALL Addition: 54000
Highest PUT Addition: 54000
MIDCPNIFTY Future Analysis
MIDCPNIFTY Spot closed at: 14074.05 (0.730%)
Combined = May + June + July
Combined Fut Open Interest Change: 1.23%
Combined Fut Volume Change: -17.90%
Combined Fut Open Interest Analysis: Fresh Long
Rollover: 4% Previous 4%
MIDCPNIFTY MAY Future closed at: 14111.5 (0.802%)
May Fut Premium 37.45 (Increased by 10.3 points)
May Fut Open Interest Change: 1.15%
May Fut Volume Change: -17.08%
May Fut Open Interest Analysis: Fresh Long
MIDCPNIFTY JUNE Future closed at: 14155.7 (0.734%)
June Fut Premium 81.65 (Increased by 1.2 points)
June Fut Open Interest Change: 2.63%
June Fut Volume Change: -27.13%
June Fut Open Interest Analysis: Fresh Long
MIDCPNIFTY Monthly Expiry (26/05/2026) Option Analysis
Put-Call Ratio (Open Interest): 1.206 (Increased from 1.184)
Put-Call Ratio (Volume): 1.046
Max Pain Level: 14200
Maximum CALL Open Interest: 15000
Maximum PUT Open Interest: 14000
Highest CALL Addition: 15200
Highest PUT Addition: 13000
SENSEX Monthly Expiry (27/05/2026) Future
SENSEX Spot closed at: 74,608.98 (0.067%)
SENSEX Monthly Future closed at: 74,890.75 (0.028%)
Premium: 281.77 (Decreased by -29.04 points)
Open Interest Change: 5.98%
Volume Change: -11.00%
Open Interest Analysis: Fresh Long
SENSEX Weekly Expiry (14/05/2026) Option Analysis
Put-Call Ratio (OI): 0.916 (Increased from 0.587)
Put-Call Ratio (Volume): 1.073
Max Pain Level: 75000
Maximum CALL OI: 78000
Maximum PUT OI: 72000
Highest CALL Addition: 78000
Highest PUT Addition: 72000
FII & DII Cash Market Activity
FIIs Net SELL: ₹ 4,703.15 Cr.
DIIs Net BUY: ₹ 5,869.05 Cr.
FII Derivatives Activity
| FII Trading Stats | 13.05.26 | 12.05.26 | 11.05.26 |
| FII Cash (Provisional Data) | -4,703.15 | -1,959.39 | -8,437.56 |
| Index Future Open Interest Long Ratio | 10.83% | 11.08% | 11.60% |
| Index Future Volume Long Ratio | 48.99% | 33.78% | 27.28% |
| Call Option Open Interest Long Ratio | 38.56% | 37.46% | 38.90% |
| Call Option Volume Long Ratio | 49.95% | 49.60% | 50.06% |
| Put Option Open Interest Long Ratio | 68.18% | 70.72% | 65.80% |
| Put Option Volume Long Ratio | 49.64% | 50.29% | 50.07% |
| Stock Future Open Interest Long Ratio | 54.46% | 54.30% | 54.44% |
| Stock Future Volume Long Ratio | 51.79% | 48.96% | 45.71% |
| Index Futures | Long Covering | Fresh Short | Fresh Short |
| Index Options | Fresh Short | Long Covering | Fresh Short |
| Nifty Futures | Short Covering | Fresh Short | Fresh Short |
| Nifty Options | Fresh Short | Long Covering | Fresh Short |
| BankNifty Futures | Fresh Short | Fresh Short | Short Covering |
| BankNifty Options | Fresh Short | Fresh Short | Short Covering |
| FinNifty Futures | Fresh Long | Long Covering | Long Covering |
| FinNifty Options | Long Covering | Long Covering | Fresh Long |
| MidcpNifty Futures | Fresh Long | Long Covering | Long Covering |
| MidcpNifty Options | Fresh Short | Fresh Short | Short Covering |
| NiftyNxt50 Futures | Short Covering | Fresh Short | Long Covering |
| NiftyNxt50 Options | Fresh Long | Fresh Short | Fresh Short |
| Stock Futures | Fresh Long | Long Covering | Long Covering |
| Stock Options | Fresh Long | Fresh Long | Fresh Short |
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 (14/05/2026)
The SENSEX index closed at 74608.98. The SENSEX weekly expiry for MAY 14, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.916 against previous 0.587. The 78000CE option holds the maximum open interest, followed by the 72000PE and 79000CE options. Market participants have shown increased interest with significant open interest additions in the 72000PE option, with open interest additions also seen in the 71500PE and 73000PE options. On the other hand, open interest reductions were prominent in the 81000CE, 80000CE, and 82000CE options. Trading volume was highest in the 74000PE option, followed by the 75000CE and 76000CE options, indicating active trading in these strikes.
| SENSEX | Weekly | Expiry: | 14-05-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 74608.98 | 0.916 | 0.587 | 1.073 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 3,77,38,680 | 3,05,17,540 | 72,21,140 |
| PUT: | 3,45,56,080 | 1,78,99,880 | 1,66,56,200 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 78000 | 27,51,500 | 7,85,460 | 2,89,55,220 |
| 79000 | 23,20,180 | 6,87,560 | 2,09,89,780 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 78000 | 27,51,500 | 7,85,460 | 2,89,55,220 |
| 76000 | 19,48,380 | 7,25,880 | 10,83,08,280 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 81000 | 5,46,700 | -6,58,960 | 48,76,160 |
| 80000 | 13,42,960 | -2,61,160 | 1,00,99,220 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 75000 | 13,06,320 | 4,58,860 | 11,66,85,500 |
| 76000 | 19,48,380 | 7,25,880 | 10,83,08,280 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 72000 | 23,89,840 | 12,48,520 | 4,78,84,680 |
| 73000 | 22,40,440 | 10,43,640 | 7,96,87,620 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 72000 | 23,89,840 | 12,48,520 | 4,78,84,680 |
| 71500 | 15,32,560 | 11,24,700 | 2,30,22,460 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 75200 | 1,31,520 | -97,060 | 1,01,40,280 |
| 68000 | 3,30,760 | -83,300 | 27,04,920 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 74000 | 18,08,080 | 9,04,160 | 12,17,37,840 |
| 74500 | 11,04,580 | 5,13,360 | 9,99,39,200 |
NIFTY Weekly Expiry (19/05/2026)
The NIFTY index closed at 23412.6. The NIFTY weekly expiry for MAY 19, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.807 against previous 0.715. The 25000CE option holds the maximum open interest, followed by the 24000CE and 24500CE options. Market participants have shown increased interest with significant open interest additions in the 21100PE option, with open interest additions also seen in the 23900CE and 24500CE options. On the other hand, open interest reductions were prominent in the 25800CE, 23600PE, and 25700CE options. Trading volume was highest in the 23400PE option, followed by the 23500CE and 23500PE options, indicating active trading in these strikes.
| NIFTY | Weekly | Expiry: | 19-05-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 23,412.60 | 0.807 | 0.715 | 1.050 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 10,78,48,260 | 7,97,46,290 | 2,81,01,970 |
| PUT: | 8,69,80,270 | 5,69,90,960 | 2,99,89,310 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 25,000 | 64,11,730 | 17,98,160 | 4,22,021 |
| 24,000 | 64,06,790 | 9,75,390 | 16,17,410 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 23,900 | 44,63,290 | 23,61,515 | 8,96,096 |
| 24,500 | 59,48,020 | 22,76,885 | 6,41,794 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 25,800 | 21,75,485 | -4,46,680 | 91,218 |
| 25,700 | 12,48,065 | -2,46,220 | 85,823 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 23,500 | 51,44,490 | 15,65,200 | 25,04,520 |
| 24,000 | 64,06,790 | 9,75,390 | 16,17,410 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 22,000 | 55,94,225 | 15,27,955 | 4,99,137 |
| 23,000 | 55,60,035 | 11,68,310 | 17,63,162 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 21,100 | 31,26,500 | 29,20,320 | 2,03,565 |
| 21,500 | 41,26,720 | 18,84,415 | 2,44,633 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 23,600 | 12,87,260 | -3,80,185 | 5,60,478 |
| 24,200 | 6,66,900 | -1,51,710 | 8,052 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 23,400 | 42,40,080 | 16,47,555 | 25,40,758 |
| 23,500 | 43,14,180 | 13,31,915 | 21,76,931 |
NIFTY Monthly Expiry (26/05/2026)
The NIFTY index closed at 23412.6. The NIFTY monthly expiry for MAY 26, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.957 against previous 0.992. The 24000CE option holds the maximum open interest, followed by the 24500CE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 23500CE option, with open interest additions also seen in the 24100CE and 22000PE options. On the other hand, open interest reductions were prominent in the 25000CE, 24000CE, and 24000PE options. Trading volume was highest in the 24000CE option, followed by the 24500CE and 23500CE options, indicating active trading in these strikes.
| NIFTY | Monthly | Expiry: | 26-05-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 23,412.60 | 0.957 | 0.992 | 0.797 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 5,75,26,170 | 5,33,06,175 | 42,19,995 |
| PUT: | 5,50,55,390 | 5,28,61,705 | 21,93,685 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 58,18,150 | -3,03,940 | 1,53,225 |
| 24,500 | 49,83,615 | 2,33,350 | 1,25,755 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 23,500 | 27,34,550 | 5,13,110 | 1,20,738 |
| 24,100 | 16,06,475 | 5,12,655 | 32,321 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 25,000 | 49,02,885 | -4,69,365 | 68,401 |
| 24,000 | 58,18,150 | -3,03,940 | 1,53,225 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 58,18,150 | -3,03,940 | 1,53,225 |
| 24,500 | 49,83,615 | 2,33,350 | 1,25,755 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 23,000 | 44,61,860 | -1,40,595 | 1,19,547 |
| 24,000 | 38,89,600 | -2,40,955 | 24,966 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 22,000 | 34,91,020 | 4,90,490 | 75,026 |
| 23,400 | 8,97,000 | 3,01,665 | 62,582 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 38,89,600 | -2,40,955 | 24,966 |
| 23,800 | 10,09,255 | -1,56,715 | 10,828 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 23,000 | 44,61,860 | -1,40,595 | 1,19,547 |
| 23,500 | 35,61,870 | 2,04,685 | 1,15,859 |
BANKNIFTY Monthly Expiry (26/05/2026)
The BANKNIFTY index closed at 53456.15. The BANKNIFTY monthly expiry for MAY 26, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.714 against previous 0.702. The 60000CE option holds the maximum open interest, followed by the 58000CE and 56000CE options. Market participants have shown increased interest with significant open interest additions in the 54000CE option, with open interest additions also seen in the 54000PE and 58000CE options. On the other hand, open interest reductions were prominent in the 60000CE, 61000CE, and 54500PE options. Trading volume was highest in the 54000CE option, followed by the 53500PE and 54000PE options, indicating active trading in these strikes.
| BANKNIFTY | Monthly | Expiry: | 26-05-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 53,456.15 | 0.714 | 0.702 | 0.814 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,80,10,140 | 1,77,60,480 | 2,49,660 |
| PUT: | 1,28,52,420 | 1,24,60,440 | 3,91,980 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 60,000 | 21,67,230 | -1,79,040 | 61,133 |
| 58,000 | 13,55,820 | 89,850 | 58,185 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 54,000 | 5,60,370 | 1,41,090 | 1,40,694 |
| 58,000 | 13,55,820 | 89,850 | 58,185 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 60,000 | 21,67,230 | -1,79,040 | 61,133 |
| 61,000 | 6,24,330 | -1,67,730 | 23,269 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 54,000 | 5,60,370 | 1,41,090 | 1,40,694 |
| 56,000 | 12,81,450 | -1,590 | 98,052 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 60,000 | 9,84,120 | -15,210 | 689 |
| 56,000 | 6,94,080 | -26,550 | 4,217 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 54,000 | 6,51,480 | 97,320 | 99,673 |
| 53,600 | 1,44,870 | 60,540 | 53,431 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 54,500 | 2,59,770 | -46,200 | 17,064 |
| 55,500 | 2,77,770 | -44,010 | 3,619 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 53,500 | 4,33,560 | 40,470 | 1,03,597 |
| 54,000 | 6,51,480 | 97,320 | 99,673 |
MIDCPNIFTY Monthly Expiry (26/05/2026)
The MIDCPNIFTY index closed at 14074.05. The MIDCPNIFTY monthly expiry for MAY 26, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.206 against previous 1.184. The 14000PE option holds the maximum open interest, followed by the 13000PE and 15000CE options. Market participants have shown increased interest with significant open interest additions in the 13000PE option, with open interest additions also seen in the 12800PE and 13300PE options. On the other hand, open interest reductions were prominent in the 77800CE, 71500CE, and 71500PE options. Trading volume was highest in the 14000PE option, followed by the 13000PE and 14000CE options, indicating active trading in these strikes.
| MIDCPNIFTY | Monthly | Expiry: | 26-05-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 14,074.05 | 1.206 | 1.184 | 1.046 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 55,81,080 | 52,62,000 | 3,19,080 |
| PUT: | 67,28,520 | 62,31,240 | 4,97,280 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 15,000 | 5,66,640 | 30,720 | 7,680 |
| 14,500 | 5,47,200 | 57,120 | 8,321 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 15,200 | 5,16,720 | 66,480 | 2,495 |
| 14,000 | 3,67,800 | 57,480 | 10,116 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 14,200 | 2,24,400 | -41,640 | 8,556 |
| 15,500 | 1,79,040 | -29,520 | 1,441 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 3,67,800 | 57,480 | 10,116 |
| 14,200 | 2,24,400 | -41,640 | 8,556 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 9,00,720 | 79,440 | 17,223 |
| 13,000 | 6,56,280 | 1,13,160 | 10,348 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 13,000 | 6,56,280 | 1,13,160 | 10,348 |
| 12,800 | 2,01,720 | 1,08,600 | 1,629 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 13,600 | 1,28,160 | -28,800 | 3,240 |
| 14,500 | 2,39,280 | -23,880 | 795 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 9,00,720 | 79,440 | 17,223 |
| 13,000 | 6,56,280 | 1,13,160 | 10,348 |
Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us
The derivatives setup after 13/05/2026 indicates that the market is attempting stabilization, but conviction remains fragmented across sectors and expiry structures. The current Open Interest Volume Analysis does not support aggressive bullish positioning yet, especially because major indices are still witnessing heavy resistance-based CALL writing.
NIFTY’s short covering bounce may continue toward the 23600–23900 zone, but sustained upside will require stronger PUT additions closer to current spot levels along with meaningful volume expansion. Until then, rallies may remain vulnerable to intraday reversals.
BANKNIFTY continues to be the biggest caution signal for bulls. Persistent fresh shorts, weakening premiums, and low PCR structure indicate that banking stocks are not supporting a broad-based breakout. Unless BANKNIFTY starts closing above major resistance zones with short covering, overall market upside may remain restricted.
MIDCPNIFTY is showing relative strength and could continue attracting momentum-based participation, but lower volumes suggest traders should maintain disciplined stop losses and avoid emotional buying at higher levels.
Option writers continue to dominate the market structure, which means expiry-driven volatility and range-bound movement may continue in the near term. Traders should remain cautious about overnight leveraged positions because sudden global triggers can rapidly shift derivative sentiment.
From a positional perspective, the broader market tone has improved slightly compared to previous sessions, but this is still more of a “relief phase” than a confirmed trend reversal. Smart traders should focus on stock-specific opportunities, strict risk management, and continuous Open Interest Volume Analysis rather than assuming one-sided bullish momentum.
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