NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 16/06/2026

The June 16, 2026 derivatives data presents a highly interesting setup for traders heading into the next session, with Open Interest Volume Analysis revealing a clear shift in market positioning across NIFTY, BANKNIFTY, MIDCPNIFTY, and SENSEX. While benchmark indices closed in positive territory, futures data indicates aggressive short covering rather than fresh directional buying in frontline indices.
Simultaneously, option chain positioning around key strike levels suggests that market participants are preparing for a consolidation-to-positive bias rather than a runaway rally.
The sharp decline in futures open interest alongside falling volumes highlights the unwinding of bearish bets, whereas selective fresh long build-up in far-month contracts signals improving sentiment beneath the surface.
Through detailed Open Interest Volume Analysis, it becomes evident that traders are gradually rotating from defensive positions into selective bullish exposure, but conviction remains moderate due to lower participation levels.
With NIFTY’s weekly and monthly option structures converging around the 24,000 strike, BANKNIFTY maintaining strong institutional support zones, and MIDCPNIFTY continuing to attract fresh longs, the derivatives market is sending important signals that active traders should closely monitor before the opening bell.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 23989.15 (0.567%)

Combined = June + July + August

Combined Fut Open Interest Change: -3.08%

Combined Fut Volume Change: -34.77%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 13% Previous 12%

NIFTY JUNE Future closed at: 24001 (0.353%)

June Fut Premium 11.85 (Decreased by -50.85 points)

June Fut Open Interest Change: -3.58%

June Fut Volume Change: -30.26%

June Fut Open Interest Analysis: Short Covering

NIFTY JULY Future closed at: 24087.9 (0.325%)

July Fut Premium 98.75 (Decreased by -57.25 points)

July Fut Open Interest Change: 0.19%

July Fut Volume Change: -60.22%

July Fut Open Interest Analysis: Fresh Long

NIFTY Weekly Expiry (23/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.029 (Increased from 0.844)

Put-Call Ratio (Volume): 1.012

Max Pain Level: 23900

Maximum CALL Open Interest: 24000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24000

Highest PUT Addition: 24000

NIFTY Monthly Expiry (30/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.052 (Decreased from 1.085)

Put-Call Ratio (Volume): 0.944

Max Pain Level: 24000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 26000

Highest PUT Addition: 23600

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 57297.15 (0.172%)

Combined = June + July + August

Combined Fut Open Interest Change: -3.10%

Combined Fut Volume Change: -48.70%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 13% Previous 12%

BANKNIFTY JUNE Future closed at: 57322.4 (0.114%)

June Fut Premium 25.25 (Decreased by -33.15 points)

June Fut Open Interest Change: -4.0%

June Fut Volume Change: -46.6%

June Fut Open Interest Analysis: Short Covering

BANKNIFTY JULY Future closed at: 57656 (0.097%)

July Fut Premium 358.85 (Decreased by -42.35 points)

July Fut Open Interest Change: 1.75%

July Fut Volume Change: -59.46%

July Fut Open Interest Analysis: Fresh Long

BANKNIFTY Monthly Expiry  (30/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.057 (Increased from 1.036)

Put-Call Ratio (Volume): 1.028

Max Pain Level: 56000

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 57300

Highest PUT Addition: 52000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14503.9 (0.538%)

Combined = June + July + August

Combined Fut Open Interest Change: 0.52%

Combined Fut Volume Change: -41.66%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 4% Previous 4%

MIDCPNIFTY JUNE Future closed at: 14559.7 (0.531%)

June Fut Premium 55.8 (Decreased by -0.6 points)

June Fut Open Interest Change: 0.22%

June Fut Volume Change: -41.65%

June Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY JULY Future closed at: 14598.3 (0.474%)

July Fut Premium 94.4 (Decreased by -8.75 points)

July Fut Open Interest Change: 3.91%

July Fut Volume Change: -50.37%

July Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY Monthly Expiry (30/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.093 (Decreased from 1.133)

Put-Call Ratio (Volume): 0.903

Max Pain Level: 14300

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 13500

Highest CALL Addition: 14600

Highest PUT Addition: 14500

SENSEX Monthly Expiry (25/06/2026) Future

SENSEX Spot closed at: 76,808.48 (0.714%)

SENSEX Monthly Future closed at: 76,821.45 (0.537%)

Premium: 12.97 (Decreased by -133.95 points)

Open Interest Change: -2.31%

Volume Change: -51.26%

Open Interest Analysis: Short Covering

SENSEX Weekly Expiry (18/06/2026) Option Analysis

Put-Call Ratio (OI): 1.443 (Increased from 1.010)

Put-Call Ratio (Volume): 1.034

Max Pain Level: 76600

Maximum CALL OI: 80000

Maximum PUT OI: 74000

Highest CALL Addition: 78000

Highest PUT Addition: 74500

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 749.18 Cr.

DIIs Net BUY: ₹ 00.06 Cr.

FII Derivatives Activity

FII Trading Stats	16.06.26	15.06.26	12.06.26
FII Cash (Provisional Data)	-749.18	200.05	-1,082.18
Index Future Open Interest Long Ratio	12.71%	12.70%	12.35%
Index Future Volume Long Ratio	67.66%	53.26%	66.98%
Call Option Open Interest Long Ratio	40.50%	42.10%	42.82%
Call Option Volume Long Ratio	49.99%	49.74%	50.52%
Put Option Open Interest Long Ratio	69.79%	65.62%	64.70%
Put Option Volume Long Ratio	49.19%	50.01%	50.03%
Stock Future Open Interest Long Ratio	55.11%	55.28%	55.25%
Stock Future Volume Long Ratio	47.27%	50.49%	55.01%
Index Futures	Short Covering	Fresh Long	Short Covering
Index Options	Long Covering	Fresh Short	Fresh Long
Nifty Futures	Short Covering	Fresh Long	Short Covering
Nifty Options	Long Covering	Fresh Short	Fresh Long
BankNifty Futures	Long Covering	Long Covering	Fresh Long
BankNifty Options	Fresh Short	Fresh Short	Fresh Long
FinNifty Futures	Long Covering	Fresh Long	Fresh Long
FinNifty Options	Long Covering	Fresh Short	Fresh Short
MidcpNifty Futures	Long Covering	Fresh Long	Fresh Short
MidcpNifty Options	Fresh Long	Fresh Short	Fresh Long
NiftyNxt50 Futures	Short Covering	Fresh Long	Fresh Short
NiftyNxt50 Options	Fresh Long	Fresh Long	Fresh Long
Stock Futures	Fresh Short	Fresh Long	Fresh Long
Stock Options	Fresh Short	Fresh Short	Fresh Long

NSE & BSE Option market Trends : Options Insights

SENSEX weekly Expiry (18/06/2026)

The SENSEX index closed at 76808.48. The SENSEX weekly expiry for JUNE 18, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.443 against previous 1.010. The 74000PE option holds the maximum open interest, followed by the 74500PE and 76500PE options. Market participants have shown increased interest with significant open interest additions in the 74500PE option, with open interest additions also seen in the 74000PE and 76500PE options. On the other hand, open interest reductions were prominent in the 76400CE, 67600PE, and 76300CE options. Trading volume was highest in the 76500PE option, followed by the 76500CE and 76600CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	18-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
76808.48	1.443	1.010	1.034
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,88,63,880	1,45,55,260	43,08,620
PUT:	2,72,14,080	1,47,07,200	1,25,06,880
Top CALL Open Interest:
Strike	OI	OI Change	Volume
80000	14,78,020	6,46,760	51,88,960
78000	13,36,400	6,62,540	1,20,65,260
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
78000	13,36,400	6,62,540	1,20,65,260
78500	13,18,660	6,48,680	87,05,020
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
76400	1,27,680	-1,71,180	60,14,700
76300	79,740	-1,52,400	29,67,240
Top CALL Volume:
Strike	OI	OI Change	Volume
76500	6,07,720	-1,34,220	2,05,92,980
76600	2,51,040	-83,180	1,80,99,720
Top PUT Open Interest:
Strike	OI	OI Change	Volume
74000	18,42,720	9,31,740	87,93,900
74500	17,35,700	10,00,380	89,19,200
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
74500	17,35,700	10,00,380	89,19,200
74000	18,42,720	9,31,740	87,93,900
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
67600	3,43,980	-1,58,800	6,82,940
74300	3,12,480	-70,900	22,10,240
Top PUT Volume:
Strike	OI	OI Change	Volume
76500	14,84,880	9,03,140	2,60,89,160
76600	7,83,640	5,76,460	1,80,45,880

NIFTY Weekly Expiry (23/06/2026)

The NIFTY index closed at 23989.15. The NIFTY weekly expiry for JUNE 23, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.029 against previous 0.844. The 24000CE option holds the maximum open interest, followed by the 24000PE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 24000PE option, with open interest additions also seen in the 24000CE and 22800PE options. On the other hand, open interest reductions were prominent in the 23800CE, 22300PE, and 23600CE options. Trading volume was highest in the 24000CE option, followed by the 24000PE and 23900PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	23-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,989.15	1.029	0.844	1.012
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,83,34,890	4,31,82,555	2,51,52,335
PUT:	7,03,42,350	3,64,67,145	3,38,75,205
Top CALL Open Interest:
Strike	OI	OI Change	Volume
24,000	64,88,820	30,84,965	5,56,740
25,000	53,52,815	18,48,990	1,91,221
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,000	64,88,820	30,84,965	5,56,740
25,000	53,52,815	18,48,990	1,91,221
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,800	11,36,980	-1,89,605	99,338
23,600	10,39,675	-1,39,100	13,913
Top CALL Volume:
Strike	OI	OI Change	Volume
24,000	64,88,820	30,84,965	5,56,740
23,900	27,63,930	4,65,465	3,42,318
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	53,86,290	35,57,580	3,97,523
22,000	35,84,685	21,03,530	1,05,338
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,000	53,86,290	35,57,580	3,97,523
22,800	27,56,585	21,24,135	1,10,203
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,300	6,47,790	-1,41,245	35,907
22,150	34,320	-23,725	2,562
Top PUT Volume:
Strike	OI	OI Change	Volume
24,000	53,86,290	35,57,580	3,97,523
23,900	32,88,610	16,64,260	3,71,578

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 23989.15. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.052 against previous 1.085. The 25000CE option holds the maximum open interest, followed by the 24000CE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 26000CE option, with open interest additions also seen in the 23600PE and 24200CE options. On the other hand, open interest reductions were prominent in the 23000PE, 23600CE, and 22000PE options. Trading volume was highest in the 24000CE option, followed by the 24500CE and 24000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,989.15	1.052	1.085	0.944
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,85,34,420	6,50,91,625	34,42,795
PUT:	7,20,94,970	7,06,15,155	14,79,815
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	89,31,935	3,41,410	69,848
24,000	77,85,850	1,51,965	1,70,052
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	65,22,925	10,93,670	54,015
24,200	21,62,160	8,00,995	53,935
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,600	11,69,675	-2,04,880	8,455
23,500	37,17,220	-1,29,415	15,163
Top CALL Volume:
Strike	OI	OI Change	Volume
24,000	77,85,850	1,51,965	1,70,052
24,500	58,32,125	5,96,700	1,23,953
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	57,40,300	4,54,785	1,09,400
23,500	53,89,085	2,55,710	79,243
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,600	23,30,640	8,78,605	39,457
24,000	57,40,300	4,54,785	1,09,400
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,000	45,30,670	-3,65,790	80,764
22,000	28,37,965	-1,83,755	25,792
Top PUT Volume:
Strike	OI	OI Change	Volume
24,000	57,40,300	4,54,785	1,09,400
23,000	45,30,670	-3,65,790	80,764

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 57297.15. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.057 against previous 1.036. The 60000CE option holds the maximum open interest, followed by the 54000PE and 55000PE options. Market participants have shown increased interest with significant open interest additions in the 57300CE option, with open interest additions also seen in the 52000PE and 57300PE options. On the other hand, open interest reductions were prominent in the 60000CE, 49000PE, and 49500PE options. Trading volume was highest in the 57000PE option, followed by the 60000CE and 57200CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
57,297.15	1.057	1.036	1.028
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,59,70,440	1,55,56,740	4,13,700
PUT:	1,68,83,880	1,61,19,660	7,64,220
Top CALL Open Interest:
Strike	OI	OI Change	Volume
60,000	16,41,360	-1,22,310	91,044
54,000	9,13,200	-7,170	750
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
57,300	3,30,330	1,98,540	69,689
57,500	7,76,280	99,090	82,139
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
60,000	16,41,360	-1,22,310	91,044
55,000	6,06,060	-40,110	3,114
Top CALL Volume:
Strike	OI	OI Change	Volume
60,000	16,41,360	-1,22,310	91,044
57,200	2,02,830	71,430	85,901
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	14,01,630	32,910	35,588
55,000	9,48,090	15,660	36,097
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
52,000	7,02,840	1,37,310	28,215
57,300	2,11,710	1,30,710	61,092
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
49,000	2,79,300	-89,760	8,275
49,500	2,28,150	-57,120	9,702
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	6,89,040	1,29,330	1,05,843
57,200	1,98,240	1,07,160	82,899

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 14503.9. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.093 against previous 1.133. The 15000CE option holds the maximum open interest, followed by the 13500PE and 13000PE options. Market participants have shown increased interest with significant open interest additions in the 14600CE option, with open interest additions also seen in the 14900CE and 14500PE options. On the other hand, open interest reductions were prominent in the 70700PE, 72100PE, and 71500PE options. Trading volume was highest in the 14500CE option, followed by the 14500PE and 15000CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
14,503.90	1.093	1.133	0.903
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	63,01,200	59,09,040	3,92,160
PUT:	68,89,680	66,95,400	1,94,280
Top CALL Open Interest:
Strike	OI	OI Change	Volume
15,000	7,85,880	46,920	9,562
14,500	5,43,840	5,280	16,909
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,600	3,77,280	1,60,200	7,239
14,900	2,34,360	56,880	3,491
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
14,400	1,92,960	-31,920	5,341
14,100	1,68,000	-9,600	270
Top CALL Volume:
Strike	OI	OI Change	Volume
14,500	5,43,840	5,280	16,909
15,000	7,85,880	46,920	9,562
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,500	7,08,360	25,680	4,987
13,000	6,83,040	27,960	1,883
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
14,500	4,84,320	53,400	12,977
14,300	4,99,920	47,280	4,004
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,800	2,80,200	-52,080	4,086
13,200	1,79,160	-18,600	1,317
Top PUT Volume:
Strike	OI	OI Change	Volume
14,500	4,84,320	53,400	12,977
14,000	5,44,920	36,240	6,966

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

The overall derivatives landscape remains cautiously constructive, and the latest Open Interest Volume Analysis suggests that bears are steadily losing control while bulls are yet to display full conviction.
NIFTY’s combined futures short covering, rising PCR from weekly options, and strong concentration of call and put open interest at the 24,000 strike indicate that this level is likely to act as the immediate battleground for the coming sessions.
A sustained move above 24,000–24,100 could trigger fresh upside momentum, while a failure to hold above 23,900 may invite renewed profit booking.

BANKNIFTY continues to display resilience, with significant short covering in near-month futures and fresh long additions in July contracts.
However, option positioning suggests that traders are still respecting higher resistance zones, making stock-specific participation from heavyweight banking names crucial for any meaningful breakout.
MIDCPNIFTY remains relatively stronger from a derivatives perspective, as fresh long build-up continues despite lower volumes, reflecting confidence in the broader market segment.

The notable contraction in futures volumes across all major indices deserves attention. While short covering has supported prices, sustainable upward momentum will eventually require fresh participation and stronger volume expansion. Therefore, the key takeaway from today’s Open Interest Volume Analysis is that the market bias remains positive-to-neutral, but confirmation of the next directional move will depend on whether fresh long positions replace the ongoing short-covering activity.
Traders should remain focused on the major support and resistance zones identified by option writers, monitor changes in PCR trends, and watch for fresh open interest additions near critical strikes to assess the strength of the next market move.

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