NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 7/08/2026

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Open Interest Volume Analysis

Welcome back, traders! If you felt a bearish tug in the major indices today while the midcaps completely ignored the memo, you definitely aren’t alone. We’ve done a deep dive into the August 7, 2026, derivatives data, and today’s Open Interest Volume Analysis reveals exactly where the smart money is placing its bets—and honestly, it’s a textbook tale of two entirely different markets. Let’s break down the opening vibe of the derivative landscape:

The Broad Divergence: NIFTY, BANKNIFTY, and SENSEX are all flashing red, but a closer look via our Open Interest Volume Analysis shows a distinct lack of aggressive selling conviction—overall future volumes actually dropped massively (down 18% to 36% across the board) while the indices slid.

Sector Rotations in Real-Time: While the headline indices are weighed down by fresh shorts (NIFTY/SENSEX) and nervous bulls closing their positions (BANKNIFTY long covering), MIDCPNIFTY is catching all the institutional love with fresh long build-ups and positive spot momentum.

Premium Peculiarities: We saw NIFTY premiums shrink as expected in a downtrend, but BANKNIFTY and SENSEX futures are oddly demanding much higher premiums despite a spot price drop—a classic warning sign of intraday volatility and a tug-of-war in rollover expectations.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 24570.65 (-0.265%)

Combined = August + September + October

Combined Fut Open Interest Change: 2.17%

Combined Fut Volume Change: -18.65%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 11% Previous 11%

NIFTY AUGUST Future closed at: 24655 (-0.341%)

Aug Fut Premium 84.35 (Decreased by -19.05 points)

Aug Fut Open Interest Change: 1.82%

Aug Fut Volume Change: -20.23%

Aug Fut Open Interest Analysis: Fresh Short

NIFTY SEPTEMBER Future closed at: 24789.7 (-0.288%)

Sep Fut Premium 219.05 (Decreased by -6.35 points)

Sep Fut Open Interest Change: 3.50%

Sep Fut Volume Change: 4.10%

Sep Fut Open Interest Analysis: Fresh Short

NIFTY Weekly Expiry (11/08/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.734 (Decreased from 0.920)

Put-Call Ratio (Volume): 1.046

Max Pain Level: 23500

Maximum CALL Open Interest: 24600

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24600

Highest PUT Addition: 24500

NIFTY Monthly Expiry (25/08/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.092 (Decreased from 1.156)

Put-Call Ratio (Volume): 0.964

Max Pain Level: 24500

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 25000

Highest PUT Addition: 24650

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 57746.45 (-0.546%)

Combined = August + September + October

Combined Fut Open Interest Change: -0.86%

Combined Fut Volume Change: -36.34%

Combined Fut Open Interest Analysis: Long Covering

Rollover: 9% Previous 8%

BANKNIFTY AUGUST Future closed at: 58020.2 (-0.274%)

Aug Fut Premium 273.75 (Increased by 157.8 points)

Aug Fut Open Interest Change: -1.4%

Aug Fut Volume Change: -38.0%

Aug Fut Open Interest Analysis: Long Covering

BANKNIFTY SEPTEMBER Future closed at: 58395.4 (-0.233%)

Sep Fut Premium 648.95 (Increased by 181 points)

Sep Fut Open Interest Change: 4.23%

Sep Fut Volume Change: -14.57%

Sep Fut Open Interest Analysis: Fresh Short

BANKNIFTY Monthly Expiry  (25/08/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.887 (Decreased from 0.969)

Put-Call Ratio (Volume): 0.987

Max Pain Level: 58000

Maximum CALL Open Interest: 58000

Maximum PUT Open Interest: 58000

Highest CALL Addition: 58500

Highest PUT Addition: 55000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14875 (0.421%)

Combined = August + September + October

Combined Fut Open Interest Change: 0.07%

Combined Fut Volume Change: -3.25%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 4% Previous 3%

MIDCPNIFTY AUGUST Future closed at: 14935.9 (0.255%)

Aug Fut Premium 60.9 (Decreased by -24.35 points)

Aug Fut Open Interest Change: 0.01%

Aug Fut Volume Change: -7.15%

Aug Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY SEPTEMBER Future closed at: 14981 (0.244%)

Sep Fut Premium 106 (Decreased by -25.9 points)

Sep Fut Open Interest Change: 1.73%

Sep Fut Volume Change: 118.92%

Sep Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY Monthly Expiry (25/08/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.917 (Increased from 0.864)

Put-Call Ratio (Volume): 0.806

Max Pain Level: 14800

Maximum CALL Open Interest: 15500

Maximum PUT Open Interest: 14000

Highest CALL Addition: 15000

Highest PUT Addition: 14900

SENSEX Monthly Expiry (27/08/2026) Future

SENSEX Spot closed at: 78,499.17 (-0.577%)

SENSEX Monthly Future closed at: 78,899.30 (-0.341%)

Premium: 400.13 (Increased by 185.59 points)

Open Interest Change: 3.66%

Volume Change: -19.82%

Open Interest Analysis: Fresh Short

SENSEX Weekly Expiry (13/08/2026) Option Analysis

Put-Call Ratio (OI): 0.775 (Decreased from 1.081)

Put-Call Ratio (Volume): 1.157

Max Pain Level: 78500

Maximum CALL OI: 78500

Maximum PUT OI: 75000

Highest CALL Addition: 83000

Highest PUT Addition: 75000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 480.24 Cr.

DIIs Net BUY: ₹ 235.56 Cr.

FII Derivatives Activity

FII Trading Stats7.08.266.08.265.08.26
FII Cash (Provisional Data)480.24-17.86-943.42
    
Index Future Open Interest Long Ratio12.9%13.80%12.13%
Index Future Volume Long Ratio31.6%78.46%36.74%
Call Option Open Interest Long Ratio42.3%43.04%39.81%
Call Option Volume Long Ratio49.4%51.14%49.25%
Put Option Open Interest Long Ratio66.3%65.72%70.57%
Put Option Volume Long Ratio50.3%48.89%49.73%
Stock Future Open Interest Long Ratio54.9%54.99%54.98%
Stock Future Volume Long Ratio49.4%50.31%50.85%
    
Index FuturesFresh ShortShort CoveringFresh Short
Index OptionsFresh ShortFresh ShortFresh Short
    
Nifty FuturesFresh ShortShort CoveringFresh Short
Nifty OptionsFresh ShortFresh ShortFresh Short
    
BankNifty FuturesLong CoveringShort CoveringFresh Short
BankNifty OptionsShort CoveringFresh LongFresh Short
    
FinNifty FuturesLong CoveringFresh LongFresh Long
FinNifty OptionsFresh LongFresh ShortFresh Short
    
MidcpNifty FuturesFresh LongShort CoveringFresh Long
MidcpNifty OptionsShort CoveringFresh LongLong Covering
    
NiftyNxt50 FuturesFresh ShortFresh ShortFresh Short
NiftyNxt50 OptionsLong CoveringFresh ShortFresh Short
    
Stock FuturesLong CoveringFresh LongFresh Long
Stock OptionsFresh ShortFresh ShortFresh Long

SENSEX weekly Expiry (13/08/2026)

The SENSEX index closed at 78499.17. The SENSEX weekly expiry for AUGUST 13, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.775 against previous 1.081. The 78500CE option holds the maximum open interest, followed by the 79500CE and 75000PE options. Market participants have shown increased interest with significant open interest additions in the 83000CE option, with open interest additions also seen in the 78500CE and 78600CE options. On the other hand, open interest reductions were prominent in the 78800PE, 79000PE, and 80000PE options. Trading volume was highest in the 78500PE option, followed by the 78600PE and 78500CE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:13-08-2026
Index SpotPCR OIPrev PCR OIPCR VOL
78499.170.7751.0811.157
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:      97,03,700        40,95,520           56,08,180
PUT:      75,21,060        44,26,620           30,94,440
Top CALL Open Interest:
StrikeOIOI ChangeVolume
78500        6,26,060          3,54,240        1,14,39,860
79500        6,01,340          3,05,920           58,46,420
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
83000        5,53,600          3,76,180           22,43,300
78500        6,26,060          3,54,240        1,14,39,860
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
70000            23,080                    -20                          20
70000            23,080                    -20                          20
Top CALL Volume:
StrikeOIOI ChangeVolume
78500        6,26,060          3,54,240        1,14,39,860
78600        3,52,580          3,09,260           96,12,820
Top PUT Open Interest:
StrikeOIOI ChangeVolume
75000        5,88,880          2,91,840           28,86,580
78500        5,03,140          1,34,780        1,91,44,480
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
75000        5,88,880          2,91,840           28,86,580
74500        2,53,220          1,60,480           17,98,820
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
78800        2,09,340        -1,27,980           45,57,600
79000        2,45,680            -48,820           28,34,200
Top PUT Volume:
StrikeOIOI ChangeVolume
78500        5,03,140          1,34,780        1,91,44,480
78600        2,13,360          1,34,240        1,31,19,740

NIFTY Weekly Expiry (11/08/2026)

The NIFTY index closed at 24570.65. The NIFTY weekly expiry for AUGUST 11, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.734 against previous 0.920. The 24600CE option holds the maximum open interest, followed by the 25000CE and 24000PE options. Market participants have shown increased interest with significant open interest additions in the 24600CE option, with open interest additions also seen in the 25300CE and 25500CE options. On the other hand, open interest reductions were prominent in the 24700PE, 24650PE, and 24600PE options. Trading volume was highest in the 24600PE option, followed by the 24600CE and 24500PE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:11-08-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,570.65                0.734                  0.920               1.046
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL: 17,12,49,195   12,92,90,525   4,19,58,670
 PUT: 12,57,57,450   11,89,90,625       67,66,825
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               24,600    1,19,81,450         64,48,520       47,43,018
               25,000    1,13,37,885         25,20,635       16,30,908
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,600    1,19,81,450         64,48,520       47,43,018
               25,300       75,55,665         31,06,025         9,03,673
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               26,100       10,97,525          -7,29,495             55,441
               24,200          9,51,145          -1,79,400             29,184
 Top CALL Volume:
 Strike OI OI Change Volume
               24,600    1,19,81,450         64,48,520       47,43,018
               24,700    1,00,13,835         16,82,265       27,49,988
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000    1,03,39,485            9,51,405       10,29,411
               24,600       76,51,085          -8,92,385       51,56,643
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,500       73,24,525         14,99,680       43,13,484
               23,800       51,36,690         14,87,395         5,36,188
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,700       23,23,555        -20,95,600       13,42,511
               24,650       19,79,380        -17,67,090       16,70,473
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,600       76,51,085          -8,92,385       51,56,643
               24,500       73,24,525         14,99,680       43,13,484

NIFTY Monthly Expiry (25/08/2026)

The NIFTY index closed at 24570.65. The NIFTY monthly expiry for AUGUST 25, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.092 against previous 1.156. The 24000PE option holds the maximum open interest, followed by the 25000CE and 24000CE options. Market participants have shown increased interest with significant open interest additions in the 25000CE option, with open interest additions also seen in the 25200CE and 24500CE options. On the other hand, open interest reductions were prominent in the 24700PE, 24600PE, and 24700CE options. Trading volume was highest in the 25000CE option, followed by the 24600PE and 24500PE options, indicating active trading in these strikes.

NIFTY Monthly Expiry:25-08-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,570.65                1.092                  1.156               0.964
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    4,70,96,725      4,54,10,495       16,86,230
 PUT:    5,14,15,585      5,25,11,485     -10,95,900
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               25,000       55,99,620            5,45,545             64,990
               24,000       55,88,635              -89,440               8,670
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               25,000       55,99,620            5,45,545             64,990
               25,200       21,05,155            3,35,400             26,725
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               24,700       16,08,880          -3,30,005             54,695
               24,600       17,24,125          -1,32,990             54,570
 Top CALL Volume:
 Strike OI OI Change Volume
               25,000       55,99,620            5,45,545             64,990
               24,700       16,08,880          -3,30,005             54,695
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       84,98,685              -51,025             55,966
               24,500       43,17,820              -56,875             62,533
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,650          4,03,910            1,28,180             10,765
               23,500       27,12,580            1,21,160             20,759
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,700       10,77,635          -4,41,285             42,612
               24,600       13,19,565          -3,78,950             62,727
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,600       13,19,565          -3,78,950             62,727
               24,500       43,17,820              -56,875             62,533

BANKNIFTY Monthly Expiry (25/08/2026)

The BANKNIFTY index closed at 57746.45. The BANKNIFTY monthly expiry for AUGUST 25, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.887 against previous 0.969. The 58000CE option holds the maximum open interest, followed by the 58000PE and 60000CE options. Market participants have shown increased interest with significant open interest additions in the 58500CE option, with open interest additions also seen in the 60000CE and 59000CE options. On the other hand, open interest reductions were prominent in the 58000PE, 58100PE, and 57900PE options. Trading volume was highest in the 58000CE option, followed by the 58000PE and 57800PE options, indicating active trading in these strikes.

BANKNIFTY Monthly Expiry:25-08-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         57,746.45                0.887                  0.969               0.987
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    1,30,55,160      1,23,43,050         7,12,110
 PUT:    1,15,73,970      1,19,55,240       -3,81,270
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               58,000       22,95,450              -37,050         1,37,157
               60,000       11,92,170            1,29,810             49,700
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               58,500          7,83,690            1,33,950             69,623
               60,000       11,92,170            1,29,810             49,700
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               58,100          2,17,620              -39,690             33,884
               58,000       22,95,450              -37,050         1,37,157
 Top CALL Volume:
 Strike OI OI Change Volume
               58,000       22,95,450              -37,050         1,37,157
               57,800          3,07,560               53,460             70,977
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               58,000       16,60,020          -1,07,040         1,27,083
               57,000          9,58,020                -6,540             50,663
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               55,000          4,90,140               20,970             20,054
               56,300             63,360               16,950               3,922
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               58,000       16,60,020          -1,07,040         1,27,083
               58,100          2,26,830              -47,490             30,248
 Top PUT Volume: 
 Strike OI OI Change Volume
               58,000       16,60,020          -1,07,040         1,27,083
               57,800          1,73,520              -39,570             96,328

MIDCPNIFTY Monthly Expiry (25/08/2026)

The MIDCPNIFTY index closed at 14875. The MIDCPNIFTY monthly expiry for AUGUST 25, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.917 against previous 0.864. The 15500CE 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 14900PE option, with open interest additions also seen in the 15000CE and 14000PE options. On the other hand, open interest reductions were prominent in the 72500PE, 76300PE, and 76300PE options. Trading volume was highest in the 15000CE option, followed by the 14900PE and 15300CE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:25-08-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         14,875.00                0.917                  0.864               0.806
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       52,89,000         53,22,000           -33,000
 PUT:       48,48,480         45,95,880         2,52,600
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               15,500       14,24,160          -1,46,640             11,988
               15,000          7,24,080               80,760             15,933
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               15,000          7,24,080               80,760             15,933
               15,100          2,77,920               43,200               3,017
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               15,500       14,24,160          -1,46,640             11,988
               14,850             54,240              -56,040               2,851
 Top CALL Volume:
 Strike OI OI Change Volume
               15,000          7,24,080               80,760             15,933
               15,300          1,93,800                -5,520             13,153
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               14,000          5,33,880               57,240               2,412
               14,500          5,30,160               54,960               5,418
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               14,900          3,92,640               94,680             13,197
               14,000          5,33,880               57,240               2,412
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               14,600          2,53,080              -32,760               2,875
               13,000             78,600              -14,640                   193
 Top PUT Volume: 
 Strike OI OI Change Volume
               14,900          3,92,640               94,680             13,197
               14,800          3,33,720               11,640               9,211

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

So, how do we actually trade this setup? Based on our deep Open Interest Volume Analysis, here is your actionable playbook and the clear reasoning behind it:

NIFTY Playbook (Sell on Rise): The data is screaming resistance. With fresh shorts building up and the highest Call additions hammering the 24,600 level, the upside is tightly capped. The weekly Put-Call Ratio sliding sharply to 0.734 confirms a bearish bias. Action: Look for shorting opportunities near 24,600, targeting the 24,000 level where the maximum Put OI is currently anchoring the market.

BANKNIFTY Playbook (Play the Stalemate): This one is a pure delta-neutral playground. Our Open Interest Volume Analysis shows both maximum Call and maximum Put OI deadlocked perfectly at 58,000, which aligns precisely with the Max Pain level. August is seeing bulls pack up (long covering), while September is inviting fresh shorts. Action: Deploy non-directional income strategies like Iron Condors or Short Straddles anchored at 58,000. Avoid directional bets entirely until we get a decisive daily close above 58,500.

MIDCPNIFTY Playbook (Buy the Dips): This is the only green oasis in the room. The data shows fresh long formations across August and September futures, paired with aggressive Put writing at 14,900. Action: Initiate long positions on any minor dip toward the 14,900 support zone, keeping an eye on the 15,500 max Call OI level for profit booking.

SENSEX Playbook (Respect the Ceiling): The data here is heavily skewed to the downside. The sharp PCR drop from 1.081 to 0.775 and a fresh short buildup tell us the bears are in control. Action: Avoid catching a falling knife. The 78,500 mark is a massive ceiling—if you are holding long portfolios, use any bounce toward 78,500 to hedge your bets.

Trade smart, stick to the data, and let the open interest guide your stops!

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

fnodata.com is a financial blog providing research-based data and analysis. The content creator of the fnodata.com is not a SEBI registered Investment Advisor. The content on this blog is for informational purposes only and should not be considered as investment advice. You are responsible for your own investment decisions. You should consult with a financial advisor or conduct your own research before making any investment decisions.


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