NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 25/06/2026

• The June monthly expiry rollover session delivered a very important shift in derivatives positioning, and today’s Open Interest Volume Analysis clearly indicates that traders have started migrating aggressively into July contracts rather than initiating fresh positions in the expiring series. NIFTY and BANKNIFTY both witnessed heavy short covering in June futures while July futures recorded strong Fresh Long additions, suggesting institutional participants are carrying a constructive view into the new expiry. However, despite this positive rollover activity, option writers continue to defend higher strike prices aggressively, indicating that the market may still witness stock-specific volatility instead of a one-sided directional rally.
• Our detailed Open Interest Volume Analysis reveals that the derivatives market is entering the July series with a cautiously bullish bias rather than an aggressively bullish one. NIFTY’s combined futures Open Interest declined marginally despite price gains because expiring June positions were squared off, while July futures attracted nearly 50% Open Interest expansion with healthy volume participation—an encouraging sign that fresh money is entering instead of merely rolling existing positions. BANKNIFTY displayed an even stronger rollover profile with over 56% Open Interest addition in July futures, reflecting sustained confidence in the banking sector. On the other hand, MIDCPNIFTY failed to participate in this strength as July futures witnessed Fresh Short creation alongside Long Covering in June, highlighting clear sectoral divergence and suggesting that broader market participation remains selective rather than uniform.
• The options data further reinforces a market preparing for consolidation around higher levels instead of expecting an immediate breakout. NIFTY PCR (OI) cooled sharply from 1.209 to 1.025, CALL writers added maximum positions at 24200 while PUT writers concentrated at 24100, and Max Pain shifted near 24100, indicating that option writers expect expiry to remain within a relatively narrow range. BANKNIFTY presented a similar picture where both CALL and PUT writers aggressively built positions at 58500, creating a significant option battleground. Meanwhile, MIDCPNIFTY and SENSEX option data remained comparatively weaker, with declining PCR values and concentrated CALL writing suggesting traders are still reluctant to chase prices higher without fresh positive triggers.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 24056 (0.143%)

Combined = June + July + August

Combined Fut Open Interest Change: -0.49%

Combined Fut Volume Change: 8.09%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 51% Previous 35%

NIFTY JUNE Future closed at: 24102.3 (0.210%)

June Fut Premium 46.3 (Increased by 16.15 points)

June Fut Open Interest Change: -24.29%

June Fut Volume Change: -1.84%

June Fut Open Interest Analysis: Short Covering

NIFTY JULY Future closed at: 24170.5 (0.188%)

July Fut Premium 114.5 (Increased by 10.95 points)

July Fut Open Interest Change: 49.54%

July Fut Volume Change: 21.38%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.025 (Decreased from 1.209)

Put-Call Ratio (Volume): 0.960

Max Pain Level: 24100

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24200

Highest PUT Addition: 24100

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 58177.05 (0.046%)

Combined = June + July + August

Combined Fut Open Interest Change: 4.87%

Combined Fut Volume Change: -1.03%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 52% Previous 36%

BANKNIFTY JUNE Future closed at: 58239.6 (0.090%)

June Fut Premium 62.55 (Increased by 25.7 points)

June Fut Open Interest Change: -20.8%

June Fut Volume Change: -8.6%

June Fut Open Interest Analysis: Short Covering

BANKNIFTY JULY Future closed at: 58614.2 (0.114%)

July Fut Premium 437.15 (Increased by 40.3 points)

July Fut Open Interest Change: 56.98%

July Fut Volume Change: 12.85%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.176 (Decreased from 1.197)

Put-Call Ratio (Volume): 0.994

Max Pain Level: 57500

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 58500

Highest PUT Addition: 58500

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14434.55 (-0.564%)

Combined = June + July + August

Combined Fut Open Interest Change: -3.56%

Combined Fut Volume Change: 6.07%

Combined Fut Open Interest Analysis: Long Covering

Rollover: 47% Previous 30%

MIDCPNIFTY JUNE Future closed at: 14463.8 (-0.565%)

June Fut Premium 29.25 (Decreased by -0.4 points)

June Fut Open Interest Change: -27.27%

June Fut Volume Change: 15.18%

June Fut Open Interest Analysis: Long Covering

MIDCPNIFTY JULY Future closed at: 14476.05 (-0.617%)

July Fut Premium 41.5 (Decreased by -8.05 points)

July Fut Open Interest Change: 53.13%

July Fut Volume Change: -4.36%

July Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.896 (Decreased from 1.056)

Put-Call Ratio (Volume): 0.754

Max Pain Level: 14500

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 14000

Highest CALL Addition: 14500

Highest PUT Addition: 13700

SENSEX Monthly Expiry (30/07/2026) Future

SENSEX Spot closed at: 77,100.47 (0.142%)

SENSEX Monthly Future closed at: 77,684.55 (0.061%)

Premium: 584.08 (Decreased by -62.1 points)

Open Interest Change: 131.99%

Volume Change: 169.49%

Open Interest Analysis: Fresh Long

SENSEX Weekly Expiry (2/07/2026) Option Analysis

Put-Call Ratio (OI): 0.913 (Decreased from 1.017)

Put-Call Ratio (Volume): 0.922

Max Pain Level: 77300

Maximum CALL OI: 77500

Maximum PUT OI: 77500

Highest CALL Addition: 77500

Highest PUT Addition: 77500

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 383.76 Cr.

DIIs Net BUY: ₹ 5,747.75 Cr.

FII Derivatives Activity

FII Trading Stats	25.06.26	24.06.26	23.06.26
FII Cash (Provisional Data)	383.76	-1,843.40	17.86
Index Future Open Interest Long Ratio	51.53%	14.52%	13.14%
Index Future Volume Long Ratio	15.70%	49.81%	41.09%
Call Option Open Interest Long Ratio	50.30%	39.61%	40.60%
Call Option Volume Long Ratio	41.73%	49.82%	49.72%
Put Option Open Interest Long Ratio	49.94%	67.19%	72.37%
Put Option Volume Long Ratio	66.83%	49.22%	50.41%
Stock Future Open Interest Long Ratio	50.15%	54.23%	53.88%
Stock Future Volume Long Ratio	54.36%	50.40%	49.16%
Index Futures	Fresh Long	Fresh Short	Fresh Short
Index Options	Fresh Long	Fresh Short	Short Covering
Nifty Futures	Short Covering	Fresh Short	Fresh Short
Nifty Options	Fresh Long	Fresh Short	Short Covering
BankNifty Futures	Fresh Long	Fresh Long	Fresh Short
BankNifty Options	Fresh Long	Fresh Short	Fresh Short
FinNifty Futures	Long Covering	Long Covering	Short Covering
FinNifty Options	Fresh Long	Long Covering	Fresh Long
MidcpNifty Futures	Short Covering	Fresh Short	Short Covering
MidcpNifty Options	Fresh Long	Fresh Short	Short Covering
NiftyNxt50 Futures	Fresh Long	Long Covering	Short Covering
NiftyNxt50 Options	Short Covering	Fresh Long	Long Covering
Stock Futures	Fresh Long	Fresh Long	Long Covering
Stock Options	Fresh Long	Short Covering	Fresh Long

NSE & BSE Option market Trends : Options Insights

SENSEX weekly Expiry (2/07/2026)

The NIFTY index closed at 24056. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.025 against previous 1.209. The 25000CE option holds the maximum open interest, followed by the 24000PE and 24500CE options. Market participants have shown increased interest with significant open interest additions in the 24200CE option, with open interest additions also seen in the 24100PE and 24200PE options. On the other hand, open interest reductions were prominent in the 23400PE, 22000PE, and 24000CE options. Trading volume was highest in the 24200CE option, followed by the 24200PE and 24100PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	02-07-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
77100.47	0.913	1.017	0.922
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	48,56,500	15,99,820	32,56,680
PUT:	44,35,740	16,26,280	28,09,460
Top CALL Open Interest:
Strike	OI	OI Change	Volume
77500	5,69,520	4,81,180	34,72,380
78000	3,41,000	2,52,200	22,89,520
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
77500	5,69,520	4,81,180	34,72,380
78000	3,41,000	2,52,200	22,89,520
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
76900	15,660	-2,160	79,040
76300	7,640	-700	11,220
Top CALL Volume:
Strike	OI	OI Change	Volume
77500	5,69,520	4,81,180	34,72,380
78000	3,41,000	2,52,200	22,89,520
Top PUT Open Interest:
Strike	OI	OI Change	Volume
77500	4,70,460	4,31,200	32,55,000
74000	3,00,980	1,98,060	11,38,940
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
77500	4,70,460	4,31,200	32,55,000
74000	3,00,980	1,98,060	11,38,940
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
–	–	–	–
–	–	–	–
Top PUT Volume:
Strike	OI	OI Change	Volume
77500	4,70,460	4,31,200	32,55,000
77000	2,84,460	1,20,320	21,86,800

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 24056. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.025 against previous 1.209. The 25000CE option holds the maximum open interest, followed by the 24000PE and 24500CE options. Market participants have shown increased interest with significant open interest additions in the 24200CE option, with open interest additions also seen in the 24100PE and 24200PE options. On the other hand, open interest reductions were prominent in the 23400PE, 22000PE, and 24000CE options. Trading volume was highest in the 24200CE option, followed by the 24200PE and 24100PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,056.00	1.025	1.209	0.960
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	16,72,87,790	14,78,32,285	1,94,55,505
PUT:	17,14,49,315	17,87,09,145	-72,59,830
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,29,00,835	1,33,970	12,22,279
24,500	1,18,19,600	13,06,240	16,22,909
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,200	1,02,93,140	40,57,560	37,24,906
24,800	63,04,415	26,16,575	6,29,014
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	86,30,020	-17,62,835	9,90,879
26,000	68,71,640	-8,44,000	1,10,797
Top CALL Volume:
Strike	OI	OI Change	Volume
24,200	1,02,93,140	40,57,560	37,24,906
24,100	78,25,935	12,92,330	23,86,373
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	1,25,43,680	4,43,270	20,65,091
23,500	1,09,56,660	2,91,655	7,36,077
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,100	61,06,490	29,90,650	26,71,589
24,200	48,59,465	29,43,850	28,07,005
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,400	44,56,400	-18,38,915	4,64,552
22,000	62,41,570	-18,20,565	2,73,807
Top PUT Volume:
Strike	OI	OI Change	Volume
24,200	48,59,465	29,43,850	28,07,005
24,100	61,06,490	29,90,650	26,71,589

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 58177.05. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.176 against previous 1.197. The 60000CE option holds the maximum open interest, followed by the 54000PE and 56000PE options. Market participants have shown increased interest with significant open interest additions in the 58500PE option, with open interest additions also seen in the 58500CE and 58400PE options. On the other hand, open interest reductions were prominent in the 58000CE, 58100CE, and 55500PE options. Trading volume was highest in the 58500CE option, followed by the 59000CE and 58000PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
58,177.05	1.176	1.197	0.994
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,65,71,100	1,66,59,900	-88,800
PUT:	1,94,82,420	1,99,40,850	-4,58,430
Top CALL Open Interest:
Strike	OI	OI Change	Volume
60,000	16,77,630	-85,230	2,02,241
59,000	10,07,490	12,420	3,29,739
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
58,500	8,63,430	3,32,490	4,72,235
58,600	2,53,500	1,36,830	1,83,285
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
58,000	7,96,980	-3,95,070	1,56,863
58,100	2,09,850	-1,88,160	57,094
Top CALL Volume:
Strike	OI	OI Change	Volume
58,500	8,63,430	3,32,490	4,72,235
59,000	10,07,490	12,420	3,29,739
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	13,91,760	24,330	51,178
56,000	10,66,950	-1,23,300	1,53,763
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
58,500	5,76,570	3,99,240	3,00,167
58,400	1,89,360	1,50,330	1,96,453
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
55,500	9,27,570	-1,71,960	83,282
57,500	7,40,520	-1,44,960	1,54,254
Top PUT Volume:
Strike	OI	OI Change	Volume
58,000	10,07,010	-1,12,950	3,05,948
58,500	5,76,570	3,99,240	3,00,167

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 14434.55. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.896 against previous 1.056. The 15000CE option holds the maximum open interest, followed by the 14500CE and 14700CE options. Market participants have shown increased interest with significant open interest additions in the 14500CE option, with open interest additions also seen in the 14600CE and 13700PE options. On the other hand, open interest reductions were prominent in the 72100CE, 77400CE, and 72000PE options. Trading volume was highest in the 14700CE option, followed by the 14600CE and 14500PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
14,434.55	0.896	1.056	0.754
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	93,23,520	78,80,160	14,43,360
PUT:	83,58,240	83,20,320	37,920
Top CALL Open Interest:
Strike	OI	OI Change	Volume
15,000	10,12,080	69,000	8,236
14,500	9,43,560	3,08,160	33,547
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,500	9,43,560	3,08,160	33,547
14,600	8,04,840	2,67,480	55,665
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
14,300	1,70,400	-17,520	857
14,000	1,70,640	-15,720	301
Top CALL Volume:
Strike	OI	OI Change	Volume
14,700	8,99,040	1,47,720	62,273
14,600	8,04,840	2,67,480	55,665
Top PUT Open Interest:
Strike	OI	OI Change	Volume
14,000	8,21,040	-14,640	6,286
14,500	7,04,160	-75,600	47,790
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,700	3,04,320	1,49,880	3,312
14,300	5,43,720	1,12,680	18,007
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
14,525	1,26,840	-1,69,080	10,589
14,500	7,04,160	-75,600	47,790
Top PUT Volume:
Strike	OI	OI Change	Volume
14,500	7,04,160	-75,600	47,790
14,400	5,04,480	-39,480	29,148

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

• Overall, today’s Open Interest Volume Analysis paints the picture of a market that remains structurally positive for the upcoming July series but is simultaneously facing strong resistance from option writers near overhead levels. The aggressive rollover into July futures across NIFTY and BANKNIFTY is a healthy sign because fresh longs are replacing expiring positions rather than merely extending existing trades. This generally reflects improving institutional confidence, especially after recent recovery sessions.
• The biggest positive takeaway is the quality of rollover rather than the magnitude of price movement. NIFTY and BANKNIFTY both witnessed June Short Covering followed immediately by substantial Fresh Long formation in July contracts, which typically strengthens the probability of buying on declines during the new expiry cycle. In contrast, MIDCPNIFTY continues to lag with Fresh Short additions, warning traders that broader market breadth remains weak and that leadership is still concentrated in large-cap stocks.
• From an options perspective, traders should closely monitor the key strike clusters created by today’s writing activity. For NIFTY, 24100 has emerged as the immediate support zone while 24200-25000 represents the major resistance cluster. BANKNIFTY faces similar resistance around 58500-60000 despite positive futures positioning. Unless these CALL writing zones are absorbed through sustained buying, upside is likely to remain gradual rather than explosive.
• Actionable Trading View: The overall derivatives setup continues to favour a “Buy on Dips” approach instead of chasing sharp rallies. As long as NIFTY sustains above the 24000-24100 support region, the probability of extending towards 24200 and higher remains favourable. BANKNIFTY continues to exhibit relative strength and may outperform if it decisively crosses the 58500 option resistance zone. However, traders should remain selective in the broader market, as MIDCPNIFTY’s weak Open Interest Volume Analysis suggests that mid-cap stocks may continue to underperform until fresh long positions replace the ongoing short build-up. The opening sessions of the July expiry series will therefore be crucial in confirming whether today’s rollover-driven optimism develops into a sustainable uptrend or merely remains an expiry-related positioning adjustment.

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