Decoding Critical F&O Market Sentiment: Is the 25K Nifty Support Under Threat?

The F&O market sentiment on 10th June 2025 revealed growing caution as Nifty futures stalled at 25,160.60 (-0.08%) amid premium erosion (-22.25 points) and open interest unwinding (-3.7%). BankNifty futures led the decline, dropping 0.41% to 56,764.60, with PCR (OI) slipping to 0.945, signaling aggressive call writing at 56,700. Nifty’s weekly max pain held at 25,000, but put additions at 25,100 and call buildup at 25,200 hinted at a tight 25,000–25,200 range. MIDCPNIFTY’s PCR (OI) surge to 1.216 and max pain at 13,000 suggested midcap resilience, while SENSEX futures’ premium collapse (-82.51 points) reflected broad-based hedging. Let’s dissect the F&O market sentiment shaping this high-stakes consolidation.

NSE & BSE F&O Market Sentiment

NIFTY JUNE Future

NIFTY Spot closed at: 25,104.25 (0.00%)

NIFTY JUNE Future closed at: 25,160.60 (-0.08%)

Premium: 56.35 (Decreased by -22.25 points)

Open Interest Change: -3.7%

Volume Change: 2.8%

NIFTY Weekly Expiry (12/06/2025) Option Analysis

Put-Call Ratio (OI): 0.876 (Decreased from 0.940)

Put-Call Ratio (Volume): 0.955

Max Pain Level: 25000

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 25200

Highest PUT Addition: 25100

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

Put-Call Ratio (OI): 1.117 (Increased from 1.092)

Put-Call Ratio (Volume): 1.137

Max Pain Level: 24900

Maximum CALL OI: 26000

Maximum PUT OI: 24500

Highest CALL Addition: 25200

Highest PUT Addition: 25100

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 56,629.10 (-0.37%)

BANKNIFTY JUNE Future closed at: 56,764.60 (-0.41%)

Premium: 135.5 (Decreased by -24.1 points)

Open Interest Change: -2.1%

Volume Change: -19.1%

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

Put-Call Ratio (OI): 0.945 (Decreased from 1.007)

Put-Call Ratio (Volume): 0.955

Max Pain Level: 56000

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 56700

Highest PUT Addition: 56700

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,867.05 (-0.47%)

FINNIFTY JUNE Future closed at: 26,940.80 (-0.53%)

Premium:  73.75 (Decreased by -16.5 points)

Open Interest Change: 2.8%

Volume Change: -66.1%

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

Put-Call Ratio (OI): 0.761 (Decreased from 0.872)

Put-Call Ratio (Volume): 0.933

Max Pain Level: 26800

Maximum CALL OI: 29500

Maximum PUT OI: 27000

Highest CALL Addition: 29000

Highest PUT Addition: 25500

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 13,311.65 (0.07%)

MIDCPNIFTY JUNE Future closed at: 13,326.70 (-0.07%)

Premium: 15.05 (Decreased by -18.5 points)

Open Interest Change: -5.6%

Volume Change: -28.6%

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

Put-Call Ratio (OI): 1.216 (Increased from 1.210)

Put-Call Ratio (Volume): 0.975

Max Pain Level: 13000

Maximum CALL OI: 13500

Maximum PUT OI: 12500

Highest CALL Addition: 14500

Highest PUT Addition: 13350

SENSEX Weekly Expiry (17/06/2025) Future

SENSEX Spot closed at: 82,391.72 (-0.06%)

SENSEX Weekly Future closed at: 82,421.85 (-0.16%)

Premium: 30.13 (Decreased by -82.51 points)

Open Interest Change: 93.1%

Volume Change: 184.0%

SENSEX Weekly Expiry (17/06/2025) Option Analysis

Put-Call Ratio (OI): 0.723 (Decreased from 0.745)

Put-Call Ratio (Volume): 0.801

Max Pain Level: 82400

Maximum CALL OI: 85000

Maximum PUT OI: 77000

Highest CALL Addition: 86000

Highest PUT Addition: 77000

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 2,301.87 Cr
DIIs Net Buy: ₹ 1,113.34 Cr

FII Derivatives Activity

FII Trading Stats	10.06.25	9.06.25	6.06.25
FII Cash (Provisional Data)	2,301.87	1,992.87	1,009.71
Index Future Open Interest Long Ratio	19.97%	19.66%	20.87%
Index Future Volume Long Ratio	55.96%	45.56%	60.03%
Call Option Open Interest Long Ratio	55.18%	55.84%	57.96%
Call Option Volume Long Ratio	49.94%	49.58%	50.22%
Put Option Open Interest Long Ratio	57.43%	56.59%	57.57%
Put Option Volume Long Ratio	50.27%	49.77%	49.75%
Stock Future Open Interest Long Ratio	63.51%	63.83%	63.86%
Stock Future Volume Long Ratio	46.11%	50.00%	53.92%
Index Futures	Short Covering	Long Covering	Fresh Long
Index Options	Fresh Long	Fresh Short	Fresh Short
Nifty Futures	Short Covering	Fresh Short	Fresh Long
Nifty Options	Fresh Long	Fresh Short	Fresh Short
BankNifty Futures	Long Covering	Long Covering	Short Covering
BankNifty Options	Fresh Long	Fresh Short	Fresh Long
FinNifty Futures	Fresh Long	Fresh Long	Fresh Long
FinNifty Options	Fresh Short	Fresh Short	Fresh Short
MidcpNifty Futures	Long Covering	Long Covering	Short Covering
MidcpNifty Options	Fresh Long	Fresh Short	Fresh Long
NiftyNxt50 Futures	Fresh Long	Fresh Long	Fresh Long
NiftyNxt50 Options	Fresh Long	Fresh Long	Fresh Long
Stock Futures	Long Covering	Fresh Long	Fresh Long
Stock Options	Fresh Short	Fresh Short	Fresh Short

NSE & BSE F&O Market Sentiment : Options Insights

NIFTY Weekly Expiry (12/06/2025)

The NIFTY index closed at 25104.25. The NIFTY weekly expiry for JUNE 12, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.876 against previous 0.940. The 26000CE option holds the maximum open interest, followed by the 25500CE and 26800CE options. Market participants have shown increased interest with significant open interest additions in the 25200CE option, with open interest additions also seen in the 26000CE and 25150CE options. On the other hand, open interest reductions were prominent in the 26800CE, 24550PE, and 23500PE options. Trading volume was highest in the 25100PE option, followed by the 25100CE and 25200CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	12-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,104.25	0.876	0.940	0.955
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	16,92,67,725	14,65,14,750	2,27,52,975
PUT:	14,82,45,000	13,77,12,900	1,05,32,100
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,58,77,575	28,61,325	9,18,138
25,500	1,15,74,750	25,25,625	12,10,563
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,200	95,28,600	32,23,350	19,86,282
26,000	1,58,77,575	28,61,325	9,18,138
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,800	1,12,48,425	-12,48,975	4,18,403
26,300	31,74,525	-5,37,600	1,95,153
Top CALL Volume:
Strike	OI	OI Change	Volume
25,100	86,61,750	25,58,400	22,26,000
25,200	95,28,600	32,23,350	19,86,282
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	1,06,32,525	7,08,975	6,01,733
25,000	82,41,225	7,78,575	16,80,090
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,100	62,55,075	18,57,600	24,17,962
24,300	50,85,300	12,86,850	5,19,645
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,550	22,29,975	-9,17,025	3,25,277
23,500	44,12,700	-7,58,850	2,57,597
Top PUT Volume:
Strike	OI	OI Change	Volume
25,100	62,55,075	18,57,600	24,17,962
25,000	82,41,225	7,78,575	16,80,090

SENSEX Weekly Expiry (17/06/2025)

The SENSEX index closed at 82391.72. The SENSEX weekly expiry for JUNE 17, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.723 against previous 0.745. The 85000CE option holds the maximum open interest, followed by the 86000CE and 82500CE options. Market participants have shown increased interest with significant open interest additions in the 86000CE option, with open interest additions also seen in the 85000CE and 82500CE options. On the other hand, open interest reductions were prominent in the 89800CE, 88700CE, and 85900CE options. Trading volume was highest in the 85000CE option, followed by the 82500CE and 82500PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	17-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
82391.72	0.723	0.745	0.801
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	25,49,780	8,05,969	17,43,811
PUT:	18,42,940	6,00,600	12,42,340
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	3,29,680	1,82,300	13,37,060
86000	2,96,100	2,28,920	9,38,080
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
86000	2,96,100	2,28,920	9,38,080
85000	3,29,680	1,82,300	13,37,060
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
89800	1,520	-1,360	5,420
88700	480	-480	1,800
Top CALL Volume:
Strike	OI	OI Change	Volume
85000	3,29,680	1,82,300	13,37,060
82500	1,78,040	1,28,680	10,99,860
Top PUT Open Interest:
Strike	OI	OI Change	Volume
77000	1,67,820	1,04,440	3,80,220
81000	1,63,860	1,00,140	5,46,360
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
77000	1,67,820	1,04,440	3,80,220
81000	1,63,860	1,00,140	5,46,360
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
83300	400	-160	1,260
76400	60	-60	480
Top PUT Volume:
Strike	OI	OI Change	Volume
82500	1,29,040	95,260	9,40,600
80000	1,40,600	94,060	6,32,100

NIFTY Monthly Expiry (26/06/2025)

The NIFTY index closed at 25104.25. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.117 against previous 1.092. The 26000CE option holds the maximum open interest, followed by the 24500PE and 24000PE options. Market participants have shown increased interest with significant open interest additions in the 25100PE option, with open interest additions also seen in the 25000PE and 25200PE options. On the other hand, open interest reductions were prominent in the 26300CE, 24000PE, and 26500CE options. Trading volume was highest in the 26000CE option, followed by the 25000PE and 25500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,104.25	1.117	1.092	1.137
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,77,11,000	4,80,35,050	-3,24,050
PUT:	5,32,92,625	5,24,67,625	8,25,000
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	57,13,150	-2,24,400	61,367
25,500	42,94,425	-77,625	46,910
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,200	13,23,750	1,90,425	29,719
25,100	9,95,175	1,51,200	17,903
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,300	11,03,475	-3,77,325	18,320
26,500	19,01,100	-3,02,925	26,851
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	57,13,150	-2,24,400	61,367
25,500	42,94,425	-77,625	46,910
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	51,57,675	1,48,125	42,045
24,000	45,35,825	-3,03,625	44,804
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,100	8,53,575	2,65,200	23,851
25,000	40,20,200	2,53,575	59,564
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	45,35,825	-3,03,625	44,804
23,000	38,86,650	-2,67,475	17,783
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	40,20,200	2,53,575	59,564
24,000	45,35,825	-3,03,625	44,804

BANKNIFTY Monthly Expiry (26/06/2025)

The BANKNIFTY index closed at 56629.1. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.945 against previous 1.007. The 56000PE option holds the maximum open interest, followed by the 56000CE and 57000CE options. Market participants have shown increased interest with significant open interest additions in the 56700CE option, with open interest additions also seen in the 57000CE and 56800CE options. On the other hand, open interest reductions were prominent in the 63000CE, 40500PE, and 58000CE options. Trading volume was highest in the 57000CE option, followed by the 57000PE and 56700PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,629.10	0.945	1.007	0.955
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,93,47,675	1,87,03,089	6,44,586
PUT:	1,82,76,450	1,88,28,750	-5,52,300
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	18,85,590	9,660	23,110
57,000	13,65,945	1,64,595	1,36,786
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
56,700	2,74,830	1,65,540	88,732
57,000	13,65,945	1,64,595	1,36,786
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
63,000	11,07,750	-3,26,010	50,756
58,000	8,89,440	-1,02,690	79,099
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	13,65,945	1,64,595	1,36,786
56,700	2,74,830	1,65,540	88,732
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	20,22,030	-63,630	86,764
55,000	13,47,810	-63,060	53,924
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
56,700	1,57,440	63,990	89,627
56,500	7,58,100	52,650	87,220
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
40,500	1,68,420	-1,08,870	12,732
54,000	8,84,850	-68,730	47,733
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	6,51,360	-30,960	1,07,390
56,700	1,57,440	63,990	89,627

FINNIFTY Monthly Expiry (26/06/2025)

The FINNIFTY index closed at 26867.05. The FINNIFTY monthly expiry for JUNE 26, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.761 against previous 0.872. The 29500CE option holds the maximum open interest, followed by the 27000CE and 27000PE options. Market participants have shown increased interest with significant open interest additions in the 29000CE option, with open interest additions also seen in the 29500CE and 28400CE options. On the other hand, open interest reductions were prominent in the 25000PE, 26500CE, and 27550CE options. Trading volume was highest in the 27000CE option, followed by the 27000PE and 26900PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,867.05	0.761	0.872	0.933
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	10,02,040	8,09,120	1,92,920
PUT:	7,62,970	7,05,380	57,590
Top CALL Open Interest:
Strike	OI	OI Change	Volume
29,500	1,49,890	27,755	1,245
27,000	1,12,840	15,730	5,402
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
29,000	56,030	28,470	925
29,500	1,49,890	27,755	1,245
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	25,220	-6,955	297
27,550	7,020	-4,420	176
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	1,12,840	15,730	5,402
27,500	71,435	12,545	2,255
Top PUT Open Interest:
Strike	OI	OI Change	Volume
27,000	73,515	3,640	3,778
25,500	65,845	17,485	908
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,500	65,845	17,485	908
24,800	17,875	14,625	397
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	40,105	-16,315	1,498
25,700	13,650	-3,380	108
Top PUT Volume:
Strike	OI	OI Change	Volume
27,000	73,515	3,640	3,778
26,900	25,155	5,590	2,896

MIDCPNIFTY Monthly Expiry (26/06/2025)

The MIDCPNIFTY index closed at 13311.65. The MIDCPNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.216 against previous 1.210. The 13500CE option holds the maximum open interest, followed by the 12500PE and 12000PE options. Market participants have shown increased interest with significant open interest additions in the 14500CE option, with open interest additions also seen in the 13350CE and 13350PE options. On the other hand, open interest reductions were prominent in the 68900PE, 68900PE, and 69900PE options. Trading volume was highest in the 13500CE option, followed by the 13300PE and 13300CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,311.65	1.216	1.210	0.975
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	43,59,720	42,79,800	79,920
PUT:	52,99,800	51,77,520	1,22,280
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,500	5,94,840	-92,640	13,176
14,000	4,60,680	8,400	5,801
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,500	1,28,160	65,160	2,221
13,350	88,560	63,960	5,940
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,500	5,94,840	-92,640	13,176
13,200	1,17,960	-65,880	2,795
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	5,94,840	-92,640	13,176
13,300	1,48,200	-7,920	7,847
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,500	5,64,360	-9,240	4,809
12,000	5,04,240	-48,600	2,663
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,350	88,320	58,440	7,194
13,000	5,02,800	46,920	6,349
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,200	1,29,360	-58,200	5,379
12,000	5,04,240	-48,600	2,663
Top PUT Volume:
Strike	OI	OI Change	Volume
13,300	1,49,160	-35,520	10,491
13,350	88,320	58,440	7,194

Conclusion: What the Future & Option Chain Analysis Tells Us

The 10th June F&O data underscores a fragile equilibrium: Nifty’s 25,000–25,200 battleground (aligned with max pain) and BankNifty’s 56,700 resistance highlight bearish undertones. Traders should watch Nifty’s 25,000-24,900 support (weekly/monthly max pain levels) and BankNifty’s 56,000 for downside triggers. MIDCPNIFTY’s 13,000 max pain support and FINNIFTY’s 26,800 max pain favor selective midcap trades, but SENSEX’s 82,400 PCR slump (0.723) signals broad caution. With premiums decaying and PCRs tilting bearish, strategies like 25,000-25,200 strangles or 56,500 BankNifty puts could hedge against volatility. F&O market sentiment—max pain shifts, PCR swings, and institutional activity—will dictate whether bulls defend key levels or capitulate to profit-booking pressures.

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

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