NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 11/08/2026

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Open Interest Volume Analysis

Hey traders! Welcome back to another daily market breakdown. If you’re wondering why the indices are feeling heavily pressured today, our latest Open Interest Volume Analysis holds the exact clues you need to plan your next move. We’re seeing a clear, decisive shift in momentum across the major indices, with bears aggressively tightening their grip on the frontline benchmarks while the midcap space tries to swim against the tide. Here is what the data is screaming right now:

The Bearish Grip: Across NIFTY, BANKNIFTY, and SENSEX, we are seeing a textbook “Fresh Short” build-up. This isn’t just a quiet drift; it’s backed by a massive surge in futures volumes—ranging from 41% to 61% spikes—showing high conviction from the sellers.

Premium Crush & Unwinding: Notice how the near-month futures premiums are shrinking rapidly, with BANKNIFTY alone shaving off over 55 points in premium alongside long covering. This tells us the bulls are exhausted and hastily unwinding their near-term positions.

The Midcap Outlier: While the large caps bleed, our Open Interest Volume Analysis reveals a completely different story for MIDCPNIFTY. Despite some near-term profit booking, there is a clear “Fresh Long” accumulation in the September series, signaling that smart money is rotating into broader markets rather than exiting completely.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 24471.7 (-0.456%)

Combined = August + September + October

Combined Fut Open Interest Change: 0.95%

Combined Fut Volume Change: 41.37%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 12% Previous 12%

NIFTY AUGUST Future closed at: 24540.5 (-0.483%)

Aug Fut Premium 68.8 (Decreased by -7.1 points)

Aug Fut Open Interest Change: 0.03%

Aug Fut Volume Change: 47.35%

Aug Fut Open Interest Analysis: Fresh Short

NIFTY SEPTEMBER Future closed at: 24674.1 (-0.471%)

Sep Fut Premium 202.4 (Decreased by -4.7 points)

Sep Fut Open Interest Change: 7.33%

Sep Fut Volume Change: 36.77%

Sep Fut Open Interest Analysis: Fresh Short

NIFTY Weekly Expiry (18/08/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.853 (Decreased from 1.126)

Put-Call Ratio (Volume): 0.851

Max Pain Level: 24500

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24500

Highest PUT Addition: 24500

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

Put-Call Ratio (Open Interest): 1.032 (Decreased from 1.118)

Put-Call Ratio (Volume): 0.855

Max Pain Level: 24500

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24500

Highest PUT Addition: 22000

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 57446.25 (-0.417%)

Combined = August + September + October

Combined Fut Open Interest Change: 0.52%

Combined Fut Volume Change: 61.45%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 10% Previous 9%

BANKNIFTY AUGUST Future closed at: 57576.2 (-0.512%)

Aug Fut Premium 129.95 (Decreased by -55.7 points)

Aug Fut Open Interest Change: -0.1%

Aug Fut Volume Change: 64.8%

Aug Fut Open Interest Analysis: Long Covering

BANKNIFTY SEPTEMBER Future closed at: 57954.8 (-0.463%)

Sep Fut Premium 508.55 (Decreased by -28.7 points)

Sep Fut Open Interest Change: 5.32%

Sep Fut Volume Change: 28.60%

Sep Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.820 (Decreased from 0.856)

Put-Call Ratio (Volume): 0.768

Max Pain Level: 57800

Maximum CALL Open Interest: 58000

Maximum PUT Open Interest: 58000

Highest CALL Addition: 57500

Highest PUT Addition: 57300

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14990.55 (0.200%)

Combined = August + September + October

Combined Fut Open Interest Change: -5.63%

Combined Fut Volume Change: 128.73%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 5% Previous 4%

MIDCPNIFTY AUGUST Future closed at: 14980.95 (-0.019%)

Aug Fut Discount -9.6 (Decreased by -32.85 points)

Aug Fut Open Interest Change: -6.61%

Aug Fut Volume Change: 183.07%

Aug Fut Open Interest Analysis: Long Covering

MIDCPNIFTY SEPTEMBER Future closed at: 15039.6 (0.148%)

Sep Fut Premium 49.05 (Decreased by -7.65 points)

Sep Fut Open Interest Change: 16.06%

Sep Fut Volume Change: -29.18%

Sep Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.029 (Decreased from 1.030)

Put-Call Ratio (Volume): 1.097

Max Pain Level: 14900

Maximum CALL Open Interest: 15500

Maximum PUT Open Interest: 15000

Highest CALL Addition: 15000

Highest PUT Addition: 15000

SENSEX Monthly Expiry (27/08/2026) Future

SENSEX Spot closed at: 78,154.25 (-0.494%)

SENSEX Monthly Future closed at: 78,509.60 (-0.473%)

Premium: 355.35 (Increased by 14.79 points)

Open Interest Change: 9.10%

Volume Change: 60.59%

Open Interest Analysis: Fresh Short

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

Put-Call Ratio (OI): 0.739 (Decreased from 0.915)

Put-Call Ratio (Volume): 1.009

Max Pain Level: 78300

Maximum CALL OI: 80000

Maximum PUT OI: 76000

Highest CALL Addition: 79300

Highest PUT Addition: 76000

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 258.55 Cr.

DIIs Net BUY: ₹ 24.77 Cr.

FII Derivatives Activity

FII Trading Stats11.08.2610.08.267.08.26
FII Cash (Provisional Data)258.551,974.76480.24
    
Index Future Open Interest Long Ratio11.86%12.57%12.9%
Index Future Volume Long Ratio33.84%39.92%31.6%
Call Option Open Interest Long Ratio40.43%42.58%42.3%
Call Option Volume Long Ratio49.63%50.11%49.4%
Put Option Open Interest Long Ratio71.75%65.55%66.3%
Put Option Volume Long Ratio49.63%50.13%50.3%
Stock Future Open Interest Long Ratio54.81%54.89%54.9%
Stock Future Volume Long Ratio48.73%49.27%49.4%
    
Index FuturesFresh ShortFresh ShortFresh Short
Index OptionsLong CoveringFresh LongFresh Short
    
Nifty FuturesLong CoveringFresh ShortFresh Short
Nifty OptionsLong CoveringFresh LongFresh Short
    
BankNifty FuturesFresh ShortLong CoveringLong Covering
BankNifty OptionsFresh ShortFresh LongShort Covering
    
FinNifty FuturesFresh ShortShort CoveringLong Covering
FinNifty OptionsLong CoveringFresh LongFresh Long
    
MidcpNifty FuturesLong CoveringFresh LongFresh Long
MidcpNifty OptionsFresh ShortFresh ShortShort Covering
    
NiftyNxt50 FuturesFresh LongFresh ShortFresh Short
NiftyNxt50 OptionsFresh ShortFresh LongLong Covering
    
Stock FuturesLong CoveringFresh ShortLong Covering
Stock OptionsFresh ShortFresh ShortFresh Short

SENSEX weekly Expiry (13/08/2026)

The SENSEX index closed at 78154.25. The SENSEX weekly expiry for AUGUST 13, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.739 against previous 0.915. The 80000CE option holds the maximum open interest, followed by the 76000PE and 78500CE options. Market participants have shown increased interest with significant open interest additions in the 79300CE option, with open interest additions also seen in the 78200CE and 78500CE options. On the other hand, open interest reductions were prominent in the 78500PE, 78600PE, and 78400PE options. Trading volume was highest in the 78000PE option, followed by the 78200PE and 78200CE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:13-08-2026
Index SpotPCR OIPrev PCR OIPCR VOL
78154.250.7390.9151.009
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:  2,32,33,340    1,28,94,440        1,03,38,900
PUT:  1,71,64,360    1,17,93,780           53,70,580
Top CALL Open Interest:
StrikeOIOI ChangeVolume
80000      16,33,240          7,12,560           88,49,120
78500      14,60,340          7,35,380        1,62,11,860
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
79300      10,22,280          8,40,900           46,02,880
78200        8,05,000          7,56,820        1,66,65,560
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
82200            39,740            -55,240              2,99,420
83000        5,00,580            -45,580           11,40,200
Top CALL Volume:
StrikeOIOI ChangeVolume
78200        8,05,000          7,56,820        1,66,65,560
78500      14,60,340          7,35,380        1,62,11,860
Top PUT Open Interest:
StrikeOIOI ChangeVolume
76000      14,60,700          6,10,500           59,37,160
77000      10,43,780          3,89,300           92,00,700
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
76000      14,60,700          6,10,500           59,37,160
78200        7,38,940          4,51,380        1,83,93,420
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
78500        4,70,920        -3,19,040           86,55,060
78600        1,73,820        -2,80,640           28,93,620
Top PUT Volume:
StrikeOIOI ChangeVolume
78000        9,85,040          4,38,500        1,88,69,000
78200        7,38,940          4,51,380        1,83,93,420

NIFTY Weekly Expiry (11/08/2026)

The NIFTY index closed at 24471.7. The NIFTY weekly expiry for AUGUST 18, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.853 against previous 1.126. The 25000CE option holds the maximum open interest, followed by the 24000PE and 25500CE options. Market participants have shown increased interest with significant open interest additions in the 24500CE option, with open interest additions also seen in the 25000CE and 24700CE options. On the other hand, open interest reductions were prominent in the 24600PE, 25300CE, and 24650PE options. Trading volume was highest in the 24500PE option, followed by the 24500CE and 24600CE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:18-08-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,471.70                0.853                  1.126               0.851
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    8,27,24,525      4,45,80,575   3,81,43,950
 PUT:    7,05,89,480      5,02,18,220   2,03,71,260
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               25,000       65,07,670         29,07,710         3,04,826
               25,500       52,13,780         18,59,455         1,82,314
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,500       51,37,275         39,91,845         4,13,115
               25,000       65,07,670         29,07,710         3,04,826
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               25,300       25,96,100              -99,515         1,58,557
               25,400       26,13,390              -62,660         1,26,929
 Top CALL Volume:
 Strike OI OI Change Volume
               24,500       51,37,275         39,91,845         4,13,115
               24,600       45,06,775         21,87,445         3,07,477
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       58,51,820         13,39,260         2,59,526
               23,500       43,44,925         17,21,655         1,18,617
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,500       42,69,460         24,45,300         4,24,308
               24,400       31,24,485         19,02,550         3,01,390
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,600       18,72,000          -4,08,005         1,71,877
               24,650          3,87,725              -67,535             34,838
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,500       42,69,460         24,45,300         4,24,308
               24,400       31,24,485         19,02,550         3,01,390

NIFTY Monthly Expiry (25/08/2026)

The NIFTY index closed at 24471.7. The NIFTY monthly expiry for AUGUST 25, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.032 against previous 1.118. The 24000PE option holds the maximum open interest, followed by the 25000CE and 24500CE options. Market participants have shown increased interest with significant open interest additions in the 24500CE option, with open interest additions also seen in the 25000CE and 24600CE options. On the other hand, open interest reductions were prominent in the 24650PE, 25200CE, and 24700PE options. Trading volume was highest in the 25000CE option, followed by the 24500CE and 24500PE options, indicating active trading in these strikes.

NIFTY Monthly Expiry:25-08-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,471.70                1.032                  1.118               0.855
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    5,49,21,880      4,87,16,395       62,05,485
 PUT:    5,66,78,310      5,44,72,795       22,05,515
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               25,000       69,33,680         13,13,195         1,11,629
               24,500       60,50,915         15,19,700         1,05,730
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,500       60,50,915         15,19,700         1,05,730
               25,000       69,33,680         13,13,195         1,11,629
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               25,200       18,42,815          -2,62,145             56,759
               25,500       30,36,085              -66,170             34,680
 Top CALL Volume:
 Strike OI OI Change Volume
               25,000       69,33,680         13,13,195         1,11,629
               24,500       60,50,915         15,19,700         1,05,730
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       87,82,605          -1,03,675             67,481
               24,500       52,87,620            5,21,235             99,678
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               22,000       20,78,115            6,00,275             17,349
               24,500       52,87,620            5,21,235             99,678
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,650          2,97,050          -3,62,505             14,909
               24,700       10,47,995          -2,41,410             26,592
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,500       52,87,620            5,21,235             99,678
               24,000       87,82,605          -1,03,675             67,481

BANKNIFTY Monthly Expiry (25/08/2026)

The BANKNIFTY index closed at 57446.25. The BANKNIFTY monthly expiry for AUGUST 25, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.820 against previous 0.856. 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 57500CE option, with open interest additions also seen in the 60000CE and 57300PE options. On the other hand, open interest reductions were prominent in the 58000PE, 57700PE, and 57800PE options. Trading volume was highest in the 57500CE option, followed by the 58000CE and 57500PE options, indicating active trading in these strikes.

BANKNIFTY Monthly Expiry:25-08-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         57,446.25                0.820                  0.856               0.768
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    1,47,11,940      1,39,98,150         7,13,790
 PUT:    1,20,64,890      1,19,77,740             87,150
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               58,000       23,70,030                -9,540             94,381
               60,000       14,61,270            2,05,950             60,907
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               57,500          7,16,850            2,36,580         1,05,645
               60,000       14,61,270            2,05,950             60,907
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               60,300             17,580              -36,540               4,789
               59,100             75,210              -33,000               7,577
 Top CALL Volume:
 Strike OI OI Change Volume
               57,500          7,16,850            2,36,580         1,05,645
               58,000       23,70,030                -9,540             94,381
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               58,000       15,38,880          -1,09,650             41,079
               57,000          9,80,130               20,700             86,956
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               57,300          1,78,860               89,040             75,375
               52,000          3,54,300               81,630               7,980
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               58,000       15,38,880          -1,09,650             41,079
               57,700          1,62,810              -66,420             22,730
 Top PUT Volume: 
 Strike OI OI Change Volume
               57,500          5,48,820               28,920             91,933
               57,000          9,80,130               20,700             86,956

MIDCPNIFTY Monthly Expiry (25/08/2026)

The MIDCPNIFTY index closed at 14990.55. The MIDCPNIFTY monthly expiry for AUGUST 25, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.029 against previous 1.030. The 15500CE option holds the maximum open interest, followed by the 15000CE and 15000PE options. Market participants have shown increased interest with significant open interest additions in the 15000PE option, with open interest additions also seen in the 15000CE and 14900PE options. On the other hand, open interest reductions were prominent in the 60500PE, 60500PE, and 60500PE options. Trading volume was highest in the 15000CE option, followed by the 15000PE and 14900PE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:25-08-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         14,990.55                1.029                  1.030               1.097
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       57,07,440         51,65,400         5,42,040
 PUT:       58,73,880         53,22,720         5,51,160
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               15,500       13,38,240                -4,320               8,783
               15,000          9,38,520            2,58,120             16,325
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               15,000          9,38,520            2,58,120             16,325
               15,700          1,07,400               90,000               2,140
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               16,000          4,76,880              -36,480               4,920
               15,300          1,28,640              -12,720               3,605
 Top CALL Volume:
 Strike OI OI Change Volume
               15,000          9,38,520            2,58,120             16,325
               15,500       13,38,240                -4,320               8,783
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               15,000          7,20,960            2,76,840             15,989
               14,500          6,62,400               67,200               5,494
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               15,000          7,20,960            2,76,840             15,989
               14,900          5,58,720               92,280             12,561
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               14,600          2,42,040              -41,760               4,359
               13,500          2,00,640              -27,240               1,042
 Top PUT Volume: 
 Strike OI OI Change Volume
               15,000          7,20,960            2,76,840             15,989
               14,900          5,58,720               92,280             12,561

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

To wrap things up, what is the ultimate takeaway for your trading desk? Based on our deep Open Interest Volume Analysis, the broader market is currently structured as a “sell-on-rise” environment, and trying to blindly catch a bottom here could burn your capital. Here is your actionable playbook for the week ahead:

NIFTY & SENSEX Strategy: The option writers are getting very aggressive. With the highest Call additions piling up exactly at the 24,500 mark for NIFTY and 79,300 for SENSEX, the immediate upside is heavily barricaded. The dropping Put-Call Ratios confirm this bearish bias. Keep your longs strictly hedged and look for shorting opportunities near these resistance zones until we see a decisive, volume-backed breakout above Max Pain levels.

BANKNIFTY Caution: The banking index is showing severe structural weakness. A plummeting Put-Call Ratio combined with massive Call writing right at 57,500 means the path of least resistance is downward. Avoid aggressive long trades here until the long-unwinding phase naturally exhausts itself.

Where to Find Alpha: If you have a mandate to deploy capital on the long side, MIDCPNIFTY is where the strength is hiding. The fresh long buildup in the September futures and a stable Put-Call ratio remaining above 1.0 indicate genuine resilience. Focus your stock-specific long trades in the midcap space to ride out the large-cap turbulence.

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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