June Future & Option Chain Analysis: Will Nifty Defend 24,800 or Break Higher?

The Future & Option Chain Analysis for 29th May 2025 set the stage for a volatile June series, as Nifty June futures closed at 24,942.80 (+0.33%) with a rising premium (+109.2 points) and mixed signals from options data. While monthly PCR (OI) held at 1.125 (down from previous 1.175), weekly PCR slumped to 0.630 (down from previous 0.664), reflecting aggressive call writing at 25,000 – 26,000 levels. BankNifty futures edged higher to 55,869.80 (+0.19%), but a drop in monthly PCR to 0.981 and max pain at 55,500 signaled caution. MIDCPNIFTY emerged as a standout, surging 1.06% with heavy call additions at 14,000, while FIIs ramped up short bets in index futures (long-short ratio at 19.71%). Let’s decode the critical F&O market trends shaping June’s trajectory.

NSE & BSE Index Future & Option Chain Analysis

NIFTY JUNE Future

NIFTY Spot closed at: 24,833.60 (0.33%)

NIFTY JUNE Future closed at: 24,942.80 (0.33%)

Premium: 109.2 (Increased by 0.95 points)

Open Interest Change: 2.4%

Volume Change: 106.3%

NIFTY Weekly Expiry (05/06/2025) Option Analysis

Put-Call Ratio (OI): 0.630 (Decreased from 0.664)

Put-Call Ratio (Volume): 0.739

Max Pain Level: 24800

Maximum CALL OI: 26800

Maximum PUT OI: 24000

Highest CALL Addition: 26800

Highest PUT Addition: 24800

NIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 1.125 (Decreased from 1.175)

Put-Call Ratio (Volume): 1.011

Max Pain Level: 24800

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 25000

Highest PUT Addition: 25000

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 55,546.05 (0.23%)

BANKNIFTY JUNE Future closed at: 55,869.80 (0.19%)

Premium: 323.75 (Decreased by -23.05 points)

Open Interest Change: 26.7%

Volume Change: 92.6%

BANKNIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 0.981 (Decreased from 1.012)

Put-Call Ratio (Volume): 0.931

Max Pain Level: 55500

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 63000

Highest PUT Addition: 55000

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,478.45 (0.10%)

FINNIFTY JUNE Future closed at: 26,642.10 (0.21%)

Premium:  163.65 (Increased by 28 points)

Open Interest Change: 17.1%

Volume Change: 142.5%

FINNIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 0.809 (Decreased from 0.890)

Put-Call Ratio (Volume): 0.751

Max Pain Level: 26100

Maximum CALL OI: 29500

Maximum PUT OI: 26000

Highest CALL Addition: 26400

Highest PUT Addition: 26500

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 12,705.95 (0.88%)

MIDCPNIFTY JUNE Future closed at: 12,792.90 (1.06%)

Premium: 86.95 (Increased by 23.65 points)

Open Interest Change: 20.0%

Volume Change: -17.8%

MIDCPNIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 1.018 (Decreased from 1.019)

Put-Call Ratio (Volume): 0.980

Max Pain Level: 12650

Maximum CALL OI: 14000

Maximum PUT OI: 11000

Highest CALL Addition: 14000

Highest PUT Addition: 12700

SENSEX Weekly Expiry (03/06/2025) Future

SENSEX Spot closed at: 81,633.02 (0.39%)

SENSEX Weekly Future closed at: 81,636.95 (0.28%)

Premium: 3.93 (Decreased by -93.35 points)

Open Interest Change: 2.6%

Volume Change: 47.8%

SENSEX Weekly Expiry (03/06/2025) Option Analysis

Put-Call Ratio (OI): 0.706 (Increased from 0.605)

Put-Call Ratio (Volume): 0.831

Max Pain Level: 81500

Maximum CALL OI: 85000

Maximum PUT OI: 78000

Highest CALL Addition: 85000

Highest PUT Addition: 78000

FII & DII Cash Market Activity

FIIs Net Buy: ₹ 884.03 Cr
DIIs Net Buy: ₹ 4,286.50 Cr

FII Derivatives Activity

FII Trading Stats	29.05.25	28.05.25	27.05.25
FII Cash (Provisional Data)	884.03	4,662.92	348.45
Index Future Open Interest Long Ratio	19.71%	28.81%	31.35%
Index Future Volume Long Ratio	42.74%	43.91%	44.46%
Call Option Open Interest Long Ratio	56.40%	54.22%	61.72%
Call Option Volume Long Ratio	50.06%	48.34%	50.14%
Put Option Open Interest Long Ratio	61.52%	55.36%	64.33%
Put Option Volume Long Ratio	49.91%	48.05%	50.63%
Stock Future Open Interest Long Ratio	63.95%	64.05%	64.56%
Stock Future Volume Long Ratio	49.11%	49.00%	49.63%
Index Futures	Long Covering	Fresh Short	Fresh Short
Index Options	Short Covering	Long Covering	Fresh Long
Nifty Futures	Long Covering	Fresh Short	Fresh Short
Nifty Options	Short Covering	Long Covering	Fresh Long
BankNifty Futures	Long Covering	Fresh Short	Long Covering
BankNifty Options	Long Covering	Long Covering	Fresh Long
FinNifty Futures	Long Covering	Short Covering	Fresh Short
FinNifty Options	Long Covering	Short Covering	Fresh Short
MidcpNifty Futures	Long Covering	Fresh Short	Long Covering
MidcpNifty Options	Long Covering	Fresh Short	Fresh Long
NiftyNxt50 Futures	Short Covering	Long Covering	Long Covering
NiftyNxt50 Options	Long Covering	Fresh Long	Long Covering
Stock Futures	Long Covering	Long Covering	Fresh Short
Stock Options	Long Covering	Long Covering	Fresh Long

NSE & BSE Index Option Chain Analysis

SENSEX Weekly Expiry (03/06/2025)

The SENSEX index closed at 81633.02. The SENSEX weekly expiry for JUNE 03, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.706 against previous 0.605. The 85000CE option holds the maximum open interest, followed by the 86000CE and 81500CE options. Market participants have shown increased interest with significant open interest additions in the 85000CE option, with open interest additions also seen in the 86000CE and 78000PE options. On the other hand, open interest reductions were prominent in the 75000PE, 86200CE, and 86400CE options. Trading volume was highest in the 81500CE option, followed by the 81500PE and 85000CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	03-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
81633.02	0.706	0.605	0.831
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,20,46,000	64,05,809	56,40,191
PUT:	84,98,620	38,76,680	46,21,940
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	11,55,640	6,92,500	52,57,480
86000	7,83,060	4,24,520	41,96,320
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
85000	11,55,640	6,92,500	52,57,480
86000	7,83,060	4,24,520	41,96,320
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
86200	32,900	-21,320	4,76,860
86400	29,680	-20,800	3,32,400
Top CALL Volume:
Strike	OI	OI Change	Volume
81500	7,46,260	1,98,780	74,77,580
85000	11,55,640	6,92,500	52,57,480
Top PUT Open Interest:
Strike	OI	OI Change	Volume
78000	7,42,880	3,91,780	34,31,680
81500	6,64,660	2,58,240	67,57,260
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
78000	7,42,880	3,91,780	34,31,680
70000	4,63,780	3,66,480	10,17,480
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
75000	2,06,220	-25,080	10,99,300
69600	11,040	-5,600	18,380
Top PUT Volume:
Strike	OI	OI Change	Volume
81500	6,64,660	2,58,240	67,57,260
81000	3,77,320	2,23,120	45,78,780

NIFTY Weekly Expiry (05/06/2025)

The NIFTY index closed at 24833.6. The NIFTY weekly expiry for JUNE 5, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.630 against previous 0.664. The 26800CE option holds the maximum open interest, followed by the 26000CE and 26500CE options. Market participants have shown increased interest with significant open interest additions in the 26800CE option, with open interest additions also seen in the 26500CE and 26000CE options. On the other hand, open interest reductions were prominent in the 23250PE, 25150PE, and 23900CE options. Trading volume was highest in the 24800CE option, followed by the 25000CE and 24800PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	05-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,833.60	0.630	0.664	0.739
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	8,58,45,225	4,42,60,125	4,15,85,100
PUT:	5,40,63,825	2,93,97,600	2,46,66,225
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,800	1,08,84,000	94,49,100	3,73,977
26,000	77,11,575	35,40,450	2,80,073
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,800	1,08,84,000	94,49,100	3,73,977
26,500	68,51,775	36,65,550	2,14,259
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,900	20,100	-450	150
22,950	525	-225	3
Top CALL Volume:
Strike	OI	OI Change	Volume
24,800	40,62,975	20,46,825	4,31,648
25,000	55,57,200	18,97,800	3,91,842
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	37,72,800	8,40,525	2,24,696
24,800	34,89,075	16,91,250	3,80,445
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,800	34,89,075	16,91,250	3,80,445
24,400	22,85,775	16,49,250	1,59,728
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,250	60,750	-22,650	8,360
25,150	15,375	-1,800	1,579
Top PUT Volume:
Strike	OI	OI Change	Volume
24,800	34,89,075	16,91,250	3,80,445
24,500	28,29,225	13,17,150	2,89,060

NIFTY Monthly Expiry (29/05/2025)

The NIFTY index closed at 24833.6. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.125 against previous 1.175. The 24000PE option holds the maximum open interest, followed by the 26000CE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 25000CE option, with open interest additions also seen in the 26000CE and 30000CE options. On the other hand, open interest reductions were prominent in the 22500PE, 26600CE, and 21000PE options. Trading volume was highest in the 25000CE option, followed by the 26000CE and 25000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,833.60	1.125	1.175	1.011
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,77,97,925	3,27,30,575	50,67,350
PUT:	4,25,15,725	3,84,42,225	40,73,500
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	45,60,400	8,24,175	79,908
25,000	39,98,825	8,83,500	80,710
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,000	39,98,825	8,83,500	80,710
26,000	45,60,400	8,24,175	79,908
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,600	2,32,500	-1,44,300	8,743
25,900	2,00,925	-51,150	6,674
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	39,98,825	8,83,500	80,710
26,000	45,60,400	8,24,175	79,908
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	49,77,250	5,60,775	54,110
24,500	38,82,450	5,35,725	54,954
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	33,20,375	6,30,000	58,130
24,000	49,77,250	5,60,775	54,110
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,500	12,34,950	-2,04,750	21,163
21,000	22,89,850	-82,125	10,086
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	33,20,375	6,30,000	58,130
24,500	38,82,450	5,35,725	54,954

BANKNIFTY Monthly Expiry (29/05/2025)

The BANKNIFTY index closed at 55546.05. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.981 against previous 1.012. The 56000CE option holds the maximum open interest, followed by the 56000PE and 55000PE options. Market participants have shown increased interest with significant open interest additions in the 63000CE option, with open interest additions also seen in the 56000CE and 55000PE options. On the other hand, open interest reductions were prominent in the 46500PE, 50100PE, and 50400PE options. Trading volume was highest in the 56000CE option, followed by the 55500CE and 55000PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,546.05	0.981	1.012	0.931
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	88,09,440	63,88,260	24,21,180
PUT:	86,44,845	64,64,964	21,79,881
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	17,84,190	2,98,230	67,446
55,000	6,39,960	1,06,290	25,657
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
63,000	5,05,050	3,55,410	30,075
56,000	17,84,190	2,98,230	67,446
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
54,800	5,910	-1,290	426
54,100	1,620	-210	127
Top CALL Volume:
Strike	OI	OI Change	Volume
56,000	17,84,190	2,98,230	67,446
55,500	4,55,850	1,74,480	46,871
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	13,33,500	1,39,650	29,835
55,000	8,55,240	2,08,440	45,878
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
55,000	8,55,240	2,08,440	45,878
50,000	4,99,530	1,56,450	19,854
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
46,500	49,380	-4,620	967
50,100	2,610	-3,180	323
Top PUT Volume:
Strike	OI	OI Change	Volume
55,000	8,55,240	2,08,440	45,878
55,500	4,11,990	1,31,280	45,392

Conclusion: What the Index Derivatives Trend Today Tells Us

The June F&O series opens with a tug-of-war: Nifty’s 24,800 max pain and 25,000 – 26,000 call wall suggest a tight 24,800–25,000 range. Next supports for Nifty are at 24,500 – 24,000 zones. While BankNifty’s 55,500 max pain and 63,000 call OI cap suggests upside unless bulls breach 56,000. MIDCPNIFTY’s 12,650–14,000 strike buildup and FINNIFTY’s 26,500 support hint at midcap and financial resilience. Traders should watch Nifty’s 24,800 spot defense and BankNifty’s 55,300–55,500 zone for directional cues. With FIIs heavily short in Index Futures and retail/DIIs bullish, straddling key strikes with tight stop-losses could capitalize on this divergence. As June unfolds, aligning with Future & Option Chain Analysis – max pain shifts, sectoral PCR swings, and institutional activity—will be pivotal to navigating this high-stakes landscape.

Check Previous Day’s Nifty 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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