F&O Expiry Signals: Will Bulls Defend Nifty 25K in Final Showdown? क्या बुल्स निफ्टी 25K की रक्षा कर पाएंगे?

The F&O expiry signals on 24th June 2025 set the stage for a high-stakes settlement day, as Nifty futures edged up 0.31% to 25,071.70 amid a 20.2% open interest unwinding and a PCR (OI) crash to 0.772—reflecting aggressive call writing near 25,200. BankNifty futures rose 0.72% to 56,500.80, with max pain anchored at 56,000 and put additions at 56,500 signaling strong support. MIDCPNIFTY’s PCR (OI) surge to 1.057 and max pain at 13,025 highlighted midcap resilience, while FINNIFTY’s 26,750 base favored financials. With FIIs net short ₹1,200 Cr in index futures, let’s decode these F&O expiry signals for June’s final showdown.

NSE & BSE F&O Market Signals

NIFTY JUNE Future

NIFTY Spot closed at: 25,044.35 (0.29%)

NIFTY JUNE Future closed at: 25,071.70 (0.31%)

Premium: 27.35 (Increased by 5.95 points)

Open Interest Change: -20.2%

Volume Change: 27.8%

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

Put-Call Ratio (OI): 0.772 (Decreased from 0.980)

Put-Call Ratio (Volume): 0.935

Max Pain Level: 25000

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 25200

Highest PUT Addition: 25200

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 56,461.90 (0.72%)

BANKNIFTY JUNE Future closed at: 56,500.80 (0.72%)

Premium: 38.9 (Increased by 0.45 points)

Open Interest Change: -29.7%

Volume Change: 16.6%

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

Put-Call Ratio (OI): 0.855 (Increased from 0.844)

Put-Call Ratio (Volume): 0.951

Max Pain Level: 56000

Maximum CALL OI: 57000

Maximum PUT OI: 56000

Highest CALL Addition: 56600

Highest PUT Addition: 56500

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,750.40 (0.73%)

FINNIFTY JUNE Future closed at: 26,761.80 (0.71%)

Premium:  11.4 (Decreased by -5.1 points)

Open Interest Change: -26.7%

Volume Change: 122.7%

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

Put-Call Ratio (OI): 0.780 (Decreased from 0.902)

Put-Call Ratio (Volume): 0.907

Max Pain Level: 26750

Maximum CALL OI: 28000

Maximum PUT OI: 26000

Highest CALL Addition: 26800

Highest PUT Addition: 26000

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 13,147.85 (0.88%)

MIDCPNIFTY JUNE Future closed at: 13,164.75 (0.83%)

Premium: 16.9 (Decreased by -6.6 points)

Open Interest Change: -35.9%

Volume Change: 65.8%

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

Put-Call Ratio (OI): 1.057 (Increased from 1.051)

Put-Call Ratio (Volume): 1.083

Max Pain Level: 13025

Maximum CALL OI: 13500

Maximum PUT OI: 13000

Highest CALL Addition: 13450

Highest PUT Addition: 13200

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 5,266.01 Cr
DIIs Net Buy: ₹ 5,209.60 Cr

FII Derivatives Activity

FII Trading Stats	24.06.25	23.06.25	20.06.25
FII Cash (Provisional Data)	5,266.01	-1,874.38	7,940.70
Index Future Open Interest Long Ratio	22.87%	22.69%	23.79%
Index Future Volume Long Ratio	47.67%	45.79%	50.43%
Call Option Open Interest Long Ratio	53.17%	58.50%	57.30%
Call Option Volume Long Ratio	49.53%	50.18%	49.65%
Put Option Open Interest Long Ratio	55.35%	59.08%	57.41%
Put Option Volume Long Ratio	49.64%	50.38%	49.53%
Stock Future Open Interest Long Ratio	62.77%	62.63%	62.25%
Stock Future Volume Long Ratio	50.22%	50.17%	53.27%
Index Futures	Fresh Short	Fresh Short	Fresh Long
Index Options	Fresh Short	Fresh Long	Fresh Short
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Fresh Short	Fresh Long	Fresh Short
BankNifty Futures	Short Covering	Fresh Short	Short Covering
BankNifty Options	Fresh Short	Long Covering	Fresh Short
FinNifty Futures	Long Covering	Long Covering	Long Covering
FinNifty Options	Long Covering	Short Covering	Fresh Short
MidcpNifty Futures	Fresh Long	Long Covering	Fresh Long
MidcpNifty Options	Short Covering	Fresh Short	Fresh Long
NiftyNxt50 Futures	Fresh Short	Fresh Short	Fresh Short
NiftyNxt50 Options	Fresh Long	Fresh Short	Fresh Long
Stock Futures	Fresh Long	Fresh Short	Fresh Long
Stock Options	Fresh Long	Fresh Long	Fresh Long

NSE F&O market Trends : Options Insights

NIFTY Monthly Expiry (26/06/2025)

The NIFTY index closed at 25044.35. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.772 against previous 0.980. The 26000CE option holds the maximum open interest, followed by the 25200CE and 30000CE options. Market participants have shown increased interest with significant open interest additions in the 25200CE option, with open interest additions also seen in the 25100CE and 25200PE options. On the other hand, open interest reductions were prominent in the 23000PE, 26500CE, and 22000PE options. Trading volume was highest in the 25200CE option, followed by the 25200PE and 25300CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,044.35	0.772	0.980	0.935
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	20,09,20,275	16,69,63,375	3,39,56,900
PUT:	15,50,72,350	16,36,04,675	-85,32,325
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,75,70,750	27,62,600	20,89,075
25,200	1,10,02,575	49,72,200	41,40,201
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,200	1,10,02,575	49,72,200	41,40,201
25,100	89,87,625	37,88,025	19,61,473
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	76,62,675	-26,06,100	10,11,909
25,000	86,09,750	-19,63,550	12,90,547
Top CALL Volume:
Strike	OI	OI Change	Volume
25,200	1,10,02,575	49,72,200	41,40,201
25,300	84,81,750	24,53,475	37,03,886
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	1,04,13,025	-3,55,800	9,66,343
25,000	1,01,01,800	6,48,925	35,12,307
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,200	50,74,200	35,19,225	38,14,938
25,100	56,44,350	28,65,600	26,60,620
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,000	58,26,125	-26,86,625	3,92,036
22,000	37,30,675	-23,51,950	2,55,851
Top PUT Volume:
Strike	OI	OI Change	Volume
25,200	50,74,200	35,19,225	38,14,938
25,000	1,01,01,800	6,48,925	35,12,307

BANKNIFTY Monthly Expiry (26/06/2025)

The BANKNIFTY index closed at 56461.9. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.855 against previous 0.844. The 56000PE option holds the maximum open interest, followed by the 57000CE and 58000CE options. Market participants have shown increased interest with significant open interest additions in the 56500PE option, with open interest additions also seen in the 56400PE and 56600PE options. On the other hand, open interest reductions were prominent in the 56000CE, 59000CE, and 52000PE options. Trading volume was highest in the 57000CE option, followed by the 56500CE and 56500PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,461.90	0.855	0.844	0.951
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,42,85,495	2,50,53,234	-7,67,739
PUT:	2,07,52,725	2,11,39,155	-3,86,430
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	14,93,790	-2,40,780	5,81,391
58,000	14,76,600	-18,750	3,47,002
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
56,600	5,30,820	2,00,580	4,22,440
58,500	10,79,055	1,76,160	2,21,155
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
56,000	13,84,980	-6,31,680	1,75,350
59,000	10,99,260	-2,89,410	2,04,379
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	14,93,790	-2,40,780	5,81,391
56,500	12,02,580	-72,540	5,80,431
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	18,99,120	-2,17,020	5,11,047
55,000	12,65,550	-1,84,290	3,04,455
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
56,500	9,16,920	5,38,800	5,39,662
56,400	3,44,940	2,15,310	2,72,712
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
52,000	7,07,190	-2,75,400	63,429
56,000	18,99,120	-2,17,020	5,11,047
Top PUT Volume:
Strike	OI	OI Change	Volume
56,500	9,16,920	5,38,800	5,39,662
56,000	18,99,120	-2,17,020	5,11,047

FINNIFTY Monthly Expiry (26/06/2025)

The FINNIFTY index closed at 26750.4. The FINNIFTY monthly expiry for JUNE 26, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.780 against previous 0.902. The 28000CE option holds the maximum open interest, followed by the 27000CE and 26000PE options. Market participants have shown increased interest with significant open interest additions in the 26800CE option, with open interest additions also seen in the 26000PE and 25600PE options. On the other hand, open interest reductions were prominent in the 25300PE, 26700CE, and 26600CE options. Trading volume was highest in the 27000CE option, followed by the 26800PE and 26900CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,750.40	0.780	0.902	0.907
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	24,79,230	20,90,075	3,89,155
PUT:	19,33,490	18,85,910	47,580
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,000	2,12,810	46,410	11,902
27,000	1,83,755	7,020	37,861
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,800	1,36,175	88,530	20,827
26,900	1,05,105	53,040	23,328
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,700	27,755	-47,645	7,995
26,600	25,350	-45,695	3,456
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	1,83,755	7,020	37,861
26,900	1,05,105	53,040	23,328
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	1,77,125	82,550	13,655
26,500	1,31,820	-10,855	18,209
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,000	1,77,125	82,550	13,655
25,600	79,690	55,315	5,025
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,300	18,655	-48,750	3,677
25,400	11,245	-41,470	3,642
Top PUT Volume:
Strike	OI	OI Change	Volume
26,800	55,705	38,740	25,198
26,500	1,31,820	-10,855	18,209

MIDCPNIFTY Monthly Expiry (26/06/2025)

The MIDCPNIFTY index closed at 13147.85. The MIDCPNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.057 against previous 1.051. The 13500CE option holds the maximum open interest, followed by the 13000PE and 12800PE options. Market participants have shown increased interest with significant open interest additions in the 13450CE option, with open interest additions also seen in the 13200PE and 12700PE options. On the other hand, open interest reductions were prominent in the 67000CE, 69000CE, and 66000PE options. Trading volume was highest in the 13500CE option, followed by the 13200CE and 13200PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,147.85	1.057	1.051	1.083
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	96,17,280	1,03,73,520	-7,56,240
PUT:	1,01,64,360	1,09,01,040	-7,36,680
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,500	10,50,840	-50,640	80,720
14,000	7,23,960	26,760	12,651
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,450	3,68,280	2,53,080	17,615
13,700	5,25,000	1,94,640	19,698
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,000	4,85,160	-4,82,160	15,837
13,100	1,96,200	-2,53,200	16,340
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	10,50,840	-50,640	80,720
13,200	5,76,000	-5,160	71,113
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	8,24,040	-3,93,600	57,437
12,800	7,98,840	65,160	36,596
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,200	3,66,360	2,35,080	59,074
12,700	7,06,320	2,34,960	30,131
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,000	8,24,040	-3,93,600	57,437
12,400	4,75,920	-2,85,000	19,420
Top PUT Volume:
Strike	OI	OI Change	Volume
13,200	3,66,360	2,35,080	59,074
13,000	8,24,040	-3,93,600	57,437

Conclusion: What the Future & Option Chain Analysis Tells Us

The 24th June F&O data reveals a tense expiry setup: Nifty’s 25,000 max pain and 25,200 call wall suggest a settlement range of 25,000–25,200, requiring a close above 25,050 to favor bulls. BankNifty’s 56,000–56,500 zone and FINNIFTY’s 26,750 support are critical for sectoral leadership, while MIDCPNIFTY’s 13,025 max pain offers tactical opportunities. Traders should deploy 25,000 straddles and monitor rollover data (Nifty roll cost: 40–50 points), leveraging global cues and institutional activity. As the last Thursday expiry concludes , these F&O expiry signals—PCR swings, max pain clusters, and OI unwinding—will dictate whether bulls hold the fort or bears force a volatile settlement.

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

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.