NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 29/06/2026

• The 29 June 2026 derivatives data has turned noticeably cautious, and today’s Open Interest Volume Analysis clearly indicates that traders have shifted towards fresh bearish positioning ahead of the monthly expiry. While the decline in benchmark indices remained relatively limited, the sharp increase in combined futures open interest across NIFTY, BANKNIFTY, MIDCPNIFTY and SENSEX, accompanied by weaker prices, confirms that fresh short positions dominated the trading session rather than simple profit booking.
• Our Open Interest Volume Analysis also reveals an aggressive rollover from the June series into July contracts. June futures witnessed massive open interest unwinding due to expiry, while July contracts simultaneously recorded substantial fresh open interest additions, clearly indicating that traders have rolled forward their bearish bets instead of carrying bullish positions into the new series.
• The options data further strengthens this defensive outlook. NIFTY Put-Call Ratio (OI) dropped sharply from 1.025 to 0.773, while BANKNIFTY and MIDCPNIFTY also witnessed declining PCR readings. Such a fall generally reflects increasing call writing, weakening put support and a gradual shift in market sentiment from neutral to bearish. The highest Call additions near immediate resistance zones suggest that market participants expect upside to remain capped unless significant short covering emerges.
• Max Pain levels across all major indices remain very close to current market prices, indicating that option writers continue to control the market structure. However, the aggressive call writing at nearby strikes shows that every recovery is currently being viewed as a selling opportunity rather than the beginning of a sustained rally.
• Overall, today’s Open Interest Volume Analysis suggests that although the market has not witnessed panic selling, institutional derivatives positioning has become increasingly defensive. Traders should therefore focus more on price behaviour around major resistance zones, rollover strength and fresh open interest additions, as these will likely determine the direction of the first few sessions of the July expiry series.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 23946.25 (-0.456%)

Combined = June + July + August

Combined Fut Open Interest Change: 3.69%

Combined Fut Volume Change: -2.41%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 67% Previous 51%

NIFTY JUNE Future closed at: 23972.9 (-0.537%)

June Fut Premium 26.65 (Decreased by -19.65 points)

June Fut Open Interest Change: -30.73%

June Fut Volume Change: -13.95%

June Fut Open Interest Analysis: Long Covering

NIFTY JULY Future closed at: 24037.7 (-0.549%)

July Fut Premium 91.45 (Decreased by -23.05 points)

July Fut Open Interest Change: 39.10%

July Fut Volume Change: 11.10%

July Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.773 (Decreased from 1.025)

Put-Call Ratio (Volume): 1.164

Max Pain Level: 24000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 23500

Highest CALL Addition: 24000

Highest PUT Addition: 23800

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 57727.35 (-0.773%)

Combined = June + July + August

Combined Fut Open Interest Change: 7.04%

Combined Fut Volume Change: -6.61%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 65% Previous 52%

BANKNIFTY JUNE Future closed at: 57812.6 (-0.733%)

June Fut Premium 85.25 (Increased by 22.7 points)

June Fut Open Interest Change: -22.3%

June Fut Volume Change: -19.5%

June Fut Open Interest Analysis: Long Covering

BANKNIFTY JULY Future closed at: 58148 (-0.795%)

July Fut Premium 420.65 (Decreased by -16.5 points)

July Fut Open Interest Change: 37.16%

July Fut Volume Change: 12.29%

July Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.981 (Decreased from 1.176)

Put-Call Ratio (Volume): 1.095

Max Pain Level: 57500

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 58000

Highest PUT Addition: 57700

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14367.4 (-0.465%)

Combined = June + July + August

Combined Fut Open Interest Change: 0.49%

Combined Fut Volume Change: 30.05%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 71% Previous 47%

MIDCPNIFTY JUNE Future closed at: 14376.75 (-0.602%)

June Fut Premium 9.35 (Decreased by -19.9 points)

June Fut Open Interest Change: -44.94%

June Fut Volume Change: 13.09%

June Fut Open Interest Analysis: Long Covering

MIDCPNIFTY JULY Future closed at: 14402.75 (-0.506%)

July Fut Premium 35.35 (Decreased by -6.15 points)

July Fut Open Interest Change: 52.66%

July Fut Volume Change: 56.75%

July Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.874 (Decreased from 0.896)

Put-Call Ratio (Volume): 0.999

Max Pain Level: 14400

Maximum CALL Open Interest: 14700

Maximum PUT Open Interest: 14000

Highest CALL Addition: 14400

Highest PUT Addition: 14300

SENSEX Monthly Expiry (30/07/2026) Future

SENSEX Spot closed at: 76,728.37 (-0.483%)

SENSEX Monthly Future closed at: 77,187.35 (-0.640%)

Premium: 458.98 (Decreased by -125.1 points)

Open Interest Change: 23.07%

Volume Change: -44.71%

Open Interest Analysis: Fresh Short

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

Put-Call Ratio (OI): 0.745 (Decreased from 0.913)

Put-Call Ratio (Volume): 1.266

Max Pain Level: 76900

Maximum CALL OI: 77000

Maximum PUT OI: 74000

Highest CALL Addition: 77000

Highest PUT Addition: 74000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,350.10 Cr.

DIIs Net BUY: ₹ 2,801.45 Cr.

FII Derivatives Activity

FII Trading Stats	29.06.26	25.06.26	24.06.26
FII Cash (Provisional Data)	-1,350.10	383.76	-1,843.40
Index Future Open Interest Long Ratio	17.02%	51.53%	14.52%
Index Future Volume Long Ratio	46.99%	15.70%	49.81%
Call Option Open Interest Long Ratio	43.83%	50.30%	39.61%
Call Option Volume Long Ratio	50.08%	41.73%	49.82%
Put Option Open Interest Long Ratio	66.12%	49.94%	67.19%
Put Option Volume Long Ratio	50.10%	66.83%	49.22%
Stock Future Open Interest Long Ratio	54.57%	50.15%	54.23%
Stock Future Volume Long Ratio	50.28%	54.36%	50.40%
Index Futures	Fresh Short	Fresh Long	Fresh Short
Index Options	Fresh Long	Fresh Long	Fresh Short
Nifty Futures	Fresh Short	Short Covering	Fresh Short
Nifty Options	Fresh Long	Fresh Long	Fresh Short
BankNifty Futures	Fresh Short	Fresh Long	Fresh Long
BankNifty Options	Fresh Long	Fresh Long	Fresh Short
FinNifty Futures	Fresh Short	Long Covering	Long Covering
FinNifty Options	Long Covering	Fresh Long	Long Covering
MidcpNifty Futures	Fresh Short	Short Covering	Fresh Short
MidcpNifty Options	Short Covering	Fresh Long	Fresh Short
NiftyNxt50 Futures	Long Covering	Fresh Long	Long Covering
NiftyNxt50 Options	Fresh Long	Short Covering	Fresh Long
Stock Futures	Short Covering	Fresh Long	Fresh Long
Stock Options	Long Covering	Fresh Long	Short Covering

NSE & BSE Option market Trends : Options Insights

SENSEX weekly Expiry (2/07/2026)

The SENSEX index closed at 76728.37. The SENSEX weekly expiry for JULY 2, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.745 against previous 0.913. The 77000CE option holds the maximum open interest, followed by the 80000CE and 74000PE options. Market participants have shown increased interest with significant open interest additions in the 77000CE option, with open interest additions also seen in the 80000CE and 74000PE options. On the other hand, open interest reductions were prominent in the 77500PE, 77400PE, and 77300PE options. Trading volume was highest in the 77000PE option, followed by the 77000CE and 76500PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	02-07-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
76728.37	0.745	0.913	1.266
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,26,90,060	48,56,500	78,33,560
PUT:	94,49,360	44,35,740	50,13,620
Top CALL Open Interest:
Strike	OI	OI Change	Volume
77000	9,69,440	7,50,620	1,59,44,360
80000	8,87,680	5,86,660	57,37,900
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
77000	9,69,440	7,50,620	1,59,44,360
80000	8,87,680	5,86,660	57,37,900
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
82100	7,380	-35,460	2,21,460
80500	2,17,880	-31,200	27,74,080
Top CALL Volume:
Strike	OI	OI Change	Volume
77000	9,69,440	7,50,620	1,59,44,360
77500	7,66,260	1,96,740	1,19,38,160
Top PUT Open Interest:
Strike	OI	OI Change	Volume
74000	8,70,020	5,69,040	74,75,020
75000	7,20,640	4,45,560	1,00,02,540
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
74000	8,70,020	5,69,040	74,75,020
75000	7,20,640	4,45,560	1,00,02,540
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
77500	3,72,060	-98,400	26,49,240
77400	56,100	-44,000	18,80,280
Top PUT Volume:
Strike	OI	OI Change	Volume
77000	3,89,060	1,04,600	1,87,86,280
76500	4,26,820	1,37,540	1,38,06,000

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 23946.25. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.773 against previous 1.025. The 25000CE option holds the maximum open interest, followed by the 24000CE and 24100CE options. Market participants have shown increased interest with significant open interest additions in the 24000CE option, with open interest additions also seen in the 24100CE and 25000CE options. On the other hand, open interest reductions were prominent in the 22500PE, 24200PE, and 22000PE options. Trading volume was highest in the 24000PE option, followed by the 24100CE and 23900PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,946.25	0.773	1.025	1.164
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	22,84,92,065	16,72,87,790	6,12,04,275
PUT:	17,65,37,180	17,14,49,315	50,87,865
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,84,92,485	55,91,650	11,92,802
24,000	1,72,21,395	85,91,375	77,77,816
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,000	1,72,21,395	85,91,375	77,77,816
24,100	1,57,43,650	79,17,715	94,99,236
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	54,92,825	-13,78,815	1,72,302
25,700	6,19,320	-9,34,115	84,629
Top CALL Volume:
Strike	OI	OI Change	Volume
24,100	1,57,43,650	79,17,715	94,99,236
24,000	1,72,21,395	85,91,375	77,77,816
Top PUT Open Interest:
Strike	OI	OI Change	Volume
23,500	1,22,81,035	13,24,375	20,73,259
24,000	1,20,02,760	-5,40,920	1,03,11,972
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,800	1,05,51,710	32,29,005	51,42,951
23,700	71,79,770	26,56,095	30,61,408
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,500	48,52,510	-22,82,930	2,94,313
24,200	27,15,765	-21,43,700	15,30,686
Top PUT Volume:
Strike	OI	OI Change	Volume
24,000	1,20,02,760	-5,40,920	1,03,11,972
23,900	91,97,955	21,04,310	79,98,666

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 57727.35. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.981 against previous 1.176. The 60000CE option holds the maximum open interest, followed by the 58000CE and 59000CE options. Market participants have shown increased interest with significant open interest additions in the 58000CE option, with open interest additions also seen in the 59000CE and 58500CE options. On the other hand, open interest reductions were prominent in the 55500PE, 53000PE, and 58200PE options. Trading volume was highest in the 58000CE option, followed by the 58000PE and 57500PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
57,727.35	0.981	1.176	1.095
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,99,27,320	1,65,71,100	33,56,220
PUT:	1,95,54,570	1,94,82,420	72,150
Top CALL Open Interest:
Strike	OI	OI Change	Volume
60,000	15,83,220	-94,410	2,73,368
58,000	14,25,120	6,28,140	11,63,120
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
58,000	14,25,120	6,28,140	11,63,120
59,000	14,13,570	4,06,080	6,56,915
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
60,000	15,83,220	-94,410	2,73,368
59,600	91,650	-87,510	49,177
Top CALL Volume:
Strike	OI	OI Change	Volume
58,000	14,25,120	6,28,140	11,63,120
58,500	12,62,370	3,98,940	10,28,322
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	13,34,070	-57,690	63,469
58,000	10,78,950	71,940	11,29,322
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
57,700	4,24,650	1,76,550	7,83,432
57,800	4,30,500	1,69,470	8,59,032
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
55,500	7,68,120	-1,59,450	1,19,571
53,000	3,53,880	-1,03,410	21,680
Top PUT Volume:
Strike	OI	OI Change	Volume
58,000	10,78,950	71,940	11,29,322
57,500	8,88,990	1,48,470	11,18,253

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 14367.4. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.874 against previous 0.896. The 14700CE option holds the maximum open interest, followed by the 15000CE and 14000PE options. Market participants have shown increased interest with significant open interest additions in the 14400CE option, with open interest additions also seen in the 14300PE and 14450CE options. On the other hand, open interest reductions were prominent in the 62000PE, 73300CE, and 72100CE options. Trading volume was highest in the 14400PE option, followed by the 14300PE and 14400CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
14,367.40	0.874	0.896	0.999
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,02,47,760	93,23,520	9,24,240
PUT:	89,54,520	83,58,240	5,96,280
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,700	10,47,480	1,48,440	27,770
15,000	9,33,360	-78,720	22,003
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,400	5,17,680	2,88,960	97,101
14,450	2,79,120	2,17,920	62,254
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
14,500	7,83,360	-1,60,200	88,271
15,200	2,82,240	-95,760	4,746
Top CALL Volume:
Strike	OI	OI Change	Volume
14,400	5,17,680	2,88,960	97,101
14,500	7,83,360	-1,60,200	88,271
Top PUT Open Interest:
Strike	OI	OI Change	Volume
14,000	8,53,920	32,880	16,940
14,300	8,21,160	2,77,440	1,02,062
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
14,300	8,21,160	2,77,440	1,02,062
14,350	2,86,320	1,67,640	78,326
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
14,500	5,47,560	-1,56,600	25,345
14,600	3,17,760	-92,640	3,398
Top PUT Volume:
Strike	OI	OI Change	Volume
14,400	5,36,040	31,560	1,05,101
14,300	8,21,160	2,77,440	1,02,062

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

• The overall Open Interest Volume Analysis continues to favour bears as the market enters the July derivatives series. Fresh short build-up across all major index futures, declining Put-Call Ratios, aggressive rollover into July contracts and continuous call writing collectively indicate that traders currently lack the confidence to initiate aggressive long positions.
• NIFTY is likely to remain under pressure unless it decisively reclaims the immediate resistance zone around the 24,000-24,100 region with strong price action supported by fresh long build-up. Until then, every pullback should be treated cautiously, as sellers continue to dominate the derivatives landscape. A sustained move below 23,800 could further strengthen bearish momentum.
• BANKNIFTY also reflects a similar structure. The heavy addition of fresh shorts in July futures and strong call writing around 58,000 indicate that the banking index may continue facing selling pressure unless it manages to sustain above this important resistance level. On the downside, 57,500 remains the immediate support zone being defended by option writers.
• MIDCPNIFTY and SENSEX also display weakening derivatives sentiment. Fresh short additions, declining premiums and lower PCR readings suggest that broader market participation has turned cautious, reducing the probability of an immediate broad-based rally.
• The biggest takeaway from today’s Open Interest Volume Analysis is that derivatives participants are preparing for a cautious start to the July expiry series rather than positioning for a bullish breakout. Traders should avoid anticipating bottoms purely based on price declines and instead wait for clear evidence of fresh long build-up, improving Put-Call Ratios, reduction in call writing and strong short covering before turning aggressively bullish. Until these signals emerge, maintaining disciplined risk management and trading with the prevailing trend remains the higher-probability approach.

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