NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 30/06/2026

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Open Interest Volume Analysis

Welcome to today’s Open Interest Volume Analysis for 30 June 2026, where we decode what institutional positioning in the futures and options market is indicating for the next trading sessions.

The first day of the July series has started with an exceptionally large rollover-driven jump in futures open interest, making it important to separate rollover effects from genuine directional conviction.

While headline Open Interest has surged sharply across NIFTY and BANKNIFTY, price has closed in the red, confirming that fresh short positions continue to dominate the broader index derivatives space.

At the same time, option writers have aggressively concentrated positions around the 24000 level in NIFTY and 58000 in BANKNIFTY, highlighting these as the most important battlegrounds for the current expiry.

Interestingly, MIDCPNIFTY continues to stand out with fresh long formation despite weak sentiment in the frontline indices, indicating selective strength in the broader market.

This Open Interest Volume Analysis therefore suggests a market that is becoming increasingly stock-specific rather than uniformly bullish or bearish, making price action around major option strikes extremely critical over the coming sessions.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 23865.75 (-0.336%)

Combined = July + August + September

Combined Fut Open Interest Change: 39.42%

Combined Fut Volume Change: 53.51%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 8% Previous 9%

NIFTY JULY Future closed at: 24009.1 (-0.119%)

July Fut Premium 143.35 (Increased by 51.9 points)

July Fut Open Interest Change: 40.69%

July Fut Volume Change: 54.48%

July Fut Open Interest Analysis: Fresh Short

NIFTY AUGUST Future closed at: 24111.9 (-0.126%)

Aug Fut Premium 246.15 (Increased by 50.1 points)

Aug Fut Open Interest Change: 25.92%

Aug Fut Volume Change: 38.97%

Aug Fut Open Interest Analysis: Fresh Short

NIFTY Weekly Expiry (07/07/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.887 (Increased from 0.775)

Put-Call Ratio (Volume): 0.891

Max Pain Level: 24000

Maximum CALL Open Interest: 24000

Maximum PUT Open Interest: 23400

Highest CALL Addition: 24000

Highest PUT Addition: 23300

NIFTY Monthly Expiry (28/07/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.101 (Decreased from 1.110)

Put-Call Ratio (Volume): 0.863

Max Pain Level: 24100

Maximum CALL Open Interest: 24000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24000

Highest PUT Addition: 24000

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 57542.9 (-0.320%)

Combined = July + August + September

Combined Fut Open Interest Change: 25.74%

Combined Fut Volume Change: 2.76%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 7% Previous 8%

BANKNIFTY JULY Future closed at: 57991.2 (-0.270%)

July Fut Premium 448.3 (Increased by 27.65 points)

July Fut Open Interest Change: 27.1%

July Fut Volume Change: 2.1%

July Fut Open Interest Analysis: Fresh Short

BANKNIFTY AUGUST Future closed at: 58296.8 (-0.308%)

Aug Fut Premium 753.9 (Increased by 4.25 points)

Aug Fut Open Interest Change: 10.23%

Aug Fut Volume Change: 16.24%

Aug Fut Open Interest Analysis: Fresh Short

BANKNIFTY Monthly Expiry  (28/07/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.842 (Decreased from 0.851)

Put-Call Ratio (Volume): 0.859

Max Pain Level: 58000

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 60000

Highest CALL Addition: 58000

Highest PUT Addition: 58000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14426.35 (0.410%)

Combined = July + August + September

Combined Fut Open Interest Change: 12.31%

Combined Fut Volume Change: -42.00%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 2% Previous 2%

MIDCPNIFTY JULY Future closed at: 14511.15 (0.753%)

July Fut Premium 84.8 (Increased by 49.45 points)

July Fut Open Interest Change: 12.19%

July Fut Volume Change: -43.38%

July Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY AUGUST Future closed at: 14553.75 (0.661%)

Aug Fut Premium 127.4 (Increased by 36.55 points)

Aug Fut Open Interest Change: 16.82%

Aug Fut Volume Change: 123.73%

Aug Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY Monthly Expiry (28/07/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.850 (Decreased from 0.919)

Put-Call Ratio (Volume): 0.866

Max Pain Level: 14500

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 13500

Highest CALL Addition: 15000

Highest PUT Addition: 13500

SENSEX Monthly Expiry (30/07/2026) Future

SENSEX Spot closed at: 76,478.67 (-0.325%)

SENSEX Monthly Future closed at: 77,140.10 (-0.061%)

Premium: 661.43 (Increased by 202.45 points)

Open Interest Change: 7.87%

Volume Change: -26.88%

Open Interest Analysis: Fresh Short

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

Put-Call Ratio (OI): 0.726 (Decreased from 0.745)

Put-Call Ratio (Volume): 0.995

Max Pain Level: 76700

Maximum CALL OI: 77000

Maximum PUT OI: 75000

Highest CALL Addition: 78500

Highest PUT Addition: 75000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 2,556.75 Cr.

DIIs Net BUY: ₹ 6,842.34 Cr.

FII Derivatives Activity

FII Trading Stats30.06.2629.06.2625.06.26
FII Cash (Provisional Data)-2,556.75-1,350.10383.76
    
Index Future Open Interest Long Ratio10.36%17.02%51.53%
Index Future Volume Long Ratio35.57%46.99%15.70%
Call Option Open Interest Long Ratio36.96%43.83%50.30%
Call Option Volume Long Ratio49.90%50.08%41.73%
Put Option Open Interest Long Ratio77.49%66.12%49.94%
Put Option Volume Long Ratio49.96%50.10%66.83%
Stock Future Open Interest Long Ratio53.66%54.57%50.15%
Stock Future Volume Long Ratio48.79%50.28%54.36%
    
Index FuturesLong CoveringFresh ShortFresh Long
Index OptionsLong CoveringFresh LongFresh Long
    
Nifty FuturesLong CoveringFresh ShortShort Covering
Nifty OptionsShort CoveringFresh LongFresh Long
    
BankNifty FuturesLong CoveringFresh ShortFresh Long
BankNifty OptionsLong CoveringFresh LongFresh Long
    
FinNifty FuturesLong CoveringFresh ShortLong Covering
FinNifty OptionsLong CoveringLong CoveringFresh Long
    
MidcpNifty FuturesLong CoveringFresh ShortShort Covering
MidcpNifty OptionsLong CoveringShort CoveringFresh Long
    
NiftyNxt50 FuturesLong CoveringLong CoveringFresh Long
NiftyNxt50 OptionsLong CoveringFresh LongShort Covering
    
Stock FuturesLong CoveringShort CoveringFresh Long
Stock OptionsLong CoveringLong CoveringFresh Long

SENSEX weekly Expiry (2/07/2026)

The SENSEX index closed at 76478.67. The SENSEX weekly expiry for JULY 2, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.726 against previous 0.745. The 77000CE option holds the maximum open interest, followed by the 75000PE and 80000CE options. Market participants have shown increased interest with significant open interest additions in the 75000PE option, with open interest additions also seen in the 78500CE and 79000CE options. On the other hand, open interest reductions were prominent in the 76700PE, 76800PE, and 80800CE options. Trading volume was highest in the 77000CE option, followed by the 76500PE and 76600PE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:02-07-2026
Index SpotPCR OIPrev PCR OIPCR VOL
76478.670.7260.7450.995
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:  2,08,78,740    1,26,90,060           81,88,680
PUT:  1,51,62,960        94,49,360           57,13,600
Top CALL Open Interest:
StrikeOIOI ChangeVolume
77000      15,46,320          5,76,880        2,52,07,640
80000      14,43,980          5,56,300           76,46,180
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
78500      11,21,620          6,73,060           79,49,460
79000      12,70,440          5,83,920           72,71,920
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
80800            42,320            -77,560              6,49,160
77100        4,54,980            -65,440           81,14,900
Top CALL Volume:
StrikeOIOI ChangeVolume
77000      15,46,320          5,76,880        2,52,07,640
76700        5,56,840          2,99,280        1,70,76,040
Top PUT Open Interest:
StrikeOIOI ChangeVolume
75000      14,72,820          7,52,180        1,29,86,380
74000      12,17,560          3,47,540           62,71,740
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
75000      14,72,820          7,52,180        1,29,86,380
76000        9,18,780          5,05,260        1,64,95,520
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
76700        2,91,140        -1,02,260        1,74,12,500
76800        1,82,460            -82,120        1,14,40,480
Top PUT Volume:
StrikeOIOI ChangeVolume
76500        7,67,840          3,41,020        2,42,86,440
76600        2,81,140          1,07,800        2,09,00,060

NIFTY Weekly Expiry (7/07/2026)

The NIFTY index closed at 23865.75. The NIFTY weekly expiry for JULY 7, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.887 against previous 0.775. The 24000CE option holds the maximum open interest, followed by the 24500CE and 25500CE options. Market participants have shown increased interest with significant open interest additions in the 24000CE option, with open interest additions also seen in the 23300PE and 23400PE options. On the other hand, open interest reductions were prominent in the 24150PE, 24100PE, and 24450PE options. Trading volume was highest in the 24000CE option, followed by the 23900PE and 23900CE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:07-07-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         23,865.75                0.887                  0.775               0.891
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    8,38,73,855      4,37,14,580   4,01,59,275
 PUT:    7,43,83,985      3,38,84,110   4,04,99,875
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               24,000       70,76,680         38,68,800         6,81,317
               24,500       55,57,045         21,70,090         3,36,621
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,000       70,76,680         38,68,800         6,81,317
               25,500       55,51,520         32,46,815         2,53,869
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               26,150             34,645                -2,730               1,281
               21,900                       –                           –                        –  
 Top CALL Volume:
 Strike OI OI Change Volume
               24,000       70,76,680         38,68,800         6,81,317
               23,900       29,33,190         21,44,740         4,50,316
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               23,400       52,75,725         32,67,485         2,72,697
               24,000       52,60,710         19,87,050         4,46,496
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               23,300       48,42,890         32,77,300         2,68,915
               23,400       52,75,725         32,67,485         2,72,697
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,150          2,20,675              -33,345             15,644
               24,100       14,95,130              -16,445         1,00,541
 Top PUT Volume: 
 Strike OI OI Change Volume
               23,900       32,65,275         19,86,530         4,86,187
               24,000       52,60,710         19,87,050         4,46,496

NIFTY Monthly Expiry (28/07/2026)

The NIFTY index closed at 23865.75. The NIFTY monthly expiry for JULY 28, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.101 against previous 1.110. 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 24000CE option, with open interest additions also seen in the 24000PE and 26000PE options. On the other hand, open interest reductions were prominent in the 24200CE, 25050CE, and 25600CE options. Trading volume was highest in the 24000CE option, followed by the 24000PE and 24500CE options, indicating active trading in these strikes.

NIFTY Monthly Expiry:28-07-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         23,865.75                1.101                  1.110               0.863
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    4,05,84,375      3,41,88,570       63,95,805
 PUT:    4,46,98,420      3,79,45,960       67,52,460
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               24,000       71,92,835         12,59,375         1,19,867
               25,000       63,36,785            5,16,490             58,161
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,000       71,92,835         12,59,375         1,19,867
               26,000       33,24,815            7,33,460             31,863
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               24,200       20,25,985              -11,180             29,827
               25,050             44,460                -7,150                   714
 Top CALL Volume:
 Strike OI OI Change Volume
               24,000       71,92,835         12,59,375         1,19,867
               24,500       38,83,945            6,98,425             69,396
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       67,10,665         11,70,390         1,05,277
               23,000       39,42,835            4,73,590             39,963
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,000       67,10,665         11,70,390         1,05,277
               26,000       27,31,625            7,86,175             15,963
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,150             52,715                -2,860                   472
               24,150             52,715                -2,860                   472
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,000       67,10,665         11,70,390         1,05,277
               23,000       39,42,835            4,73,590             39,963

BANKNIFTY Monthly Expiry (28/07/2026)

The BANKNIFTY index closed at 57542.9. The BANKNIFTY monthly expiry for JULY 28, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.842 against previous 0.851. The 60000CE option holds the maximum open interest, followed by the 58000CE and 60000PE options. Market participants have shown increased interest with significant open interest additions in the 58000CE option, with open interest additions also seen in the 58000PE and 59000CE options. On the other hand, open interest reductions were prominent in the 57100CE, 57300CE, and 58900CE options. Trading volume was highest in the 58000CE option, followed by the 58000PE and 60000CE options, indicating active trading in these strikes.

BANKNIFTY Monthly Expiry:28-07-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         57,542.90                0.842                  0.851               0.859
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       89,58,540         68,79,210       20,79,330
 PUT:       75,41,250         58,53,810       16,87,440
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               60,000       20,84,490            1,46,370             32,704
               58,000       12,07,200            4,76,520             58,529
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               58,000       12,07,200            4,76,520             58,529
               59,000          8,81,850            1,69,440             27,770
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               57,100                6,180                -1,500                   112
               57,300                9,840                -1,050                   461
 Top CALL Volume:
 Strike OI OI Change Volume
               58,000       12,07,200            4,76,520             58,529
               60,000       20,84,490            1,46,370             32,704
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               60,000       11,53,350            1,00,710               5,360
               58,000       10,77,900            3,25,770             56,925
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               58,000       10,77,900            3,25,770             56,925
               60,000       11,53,350            1,00,710               5,360
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               58,400             27,180                    -450                   366
               49,100                   450                    -240                     41
 Top PUT Volume: 
 Strike OI OI Change Volume
               58,000       10,77,900            3,25,770             56,925
               57,000          4,87,800               69,780             22,031

MIDCPNIFTY Monthly Expiry (28/07/2026)

The MIDCPNIFTY index closed at 14426.35. The MIDCPNIFTY monthly expiry for JULY 28, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.850 against previous 0.919. The 15000CE option holds the maximum open interest, followed by the 13500PE and 14500CE options. Market participants have shown increased interest with significant open interest additions in the 13500PE option, with open interest additions also seen in the 15000CE and 14500PE options. On the other hand, open interest reductions were prominent in the 73100CE, 73100CE, and 73100PE options. Trading volume was highest in the 15000CE option, followed by the 14500CE and 14500PE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:28-07-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         14,426.35                0.850                  0.919               0.866
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       19,22,400         11,21,280         8,01,120
 PUT:       16,33,920         10,30,440         6,03,480
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               15,000          5,07,600            1,19,040               8,999
               14,500          3,51,720               36,720               5,737
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               15,000          5,07,600            1,19,040               8,999
               15,400          1,74,600            1,10,880               1,300
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               14,700             41,520                -2,880                   488
               14,350                2,760                -2,160                   266
 Top CALL Volume:
 Strike OI OI Change Volume
               15,000          5,07,600            1,19,040               8,999
               14,500          3,51,720               36,720               5,737
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               13,500          3,70,440            1,43,640               4,748
               14,500          3,27,600            1,16,760               5,123
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               13,500          3,70,440            1,43,640               4,748
               14,500          3,27,600            1,16,760               5,123
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               14,525                3,240                -1,680                     81
               14,175                   840                -1,080                     12
 Top PUT Volume: 
 Strike OI OI Change Volume
               14,500          3,27,600            1,16,760               5,123
               13,500          3,70,440            1,43,640               4,748

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

The overall Open Interest Volume Analysis presents a cautiously bearish undertone for the benchmark indices, but not a panic-driven one. Massive increases in futures Open Interest accompanied by declining prices clearly indicate fresh short build-up in NIFTY, BANKNIFTY, and SENSEX, showing that professional traders are still willing to sell rallies rather than chase breakouts.

However, the options data paints a more balanced picture, with heavy option writing around 24000 in NIFTY, 58000 in BANKNIFTY, 14500 in MIDCPNIFTY, and 76700 in SENSEX, suggesting that option writers expect the indices to remain largely range-bound unless a strong trigger emerges. The improving weekly PCR in NIFTY also shows that downside aggression has moderated slightly even though futures remain under pressure.

The biggest positive takeaway is that MIDCPNIFTY continues to attract fresh long positions, signalling that buying interest is still visible in the broader market even while large-cap indices remain weak. This divergence should not be ignored because sustained strength in the midcap segment often precedes improvement in overall market sentiment. Traders should therefore avoid becoming aggressively bearish unless fresh selling pushes the indices decisively below major support zones.
From a trading perspective, patience remains the best strategy. As long as NIFTY sustains below 24000, BANKNIFTY below 58000, and SENSEX below 76700-77000, sellers are likely to maintain their advantage and rallies may continue to face resistance.

On the other hand, a decisive breakout above these heavily defended option strikes, accompanied by short covering in futures and improving Open Interest Volume Analysis, would be the first indication that market sentiment is shifting back in favour of the bulls. Until then, traders should remain selective, maintain disciplined risk management, and closely monitor changes in Open Interest, Put-Call Ratio, option writing activity, and futures positioning before initiating fresh directional trades.

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

Disclaimer

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