NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 2/07/2025

The Open Interest Volume Analysis for 2nd July 2025 reveals a market in tactical consolidation, with Nifty July futures slipping 0.38% to 25,546.10 as open interest fell by 3.2% and the premium narrowed to 92.7. The weekly Put-Call Ratio (OI) for Nifty dropped sharply to 0.624, highlighting aggressive call writing at 25,500 and 26,000, while max pain clustered at 25,450 signals a key pivot level. BankNifty futures mirrored this weakness, closing at 57,317.00 (-0.65%) with a significant 8.3% OI drop, and a falling PCR (OI) of 0.961, suggesting that profit-booking and hedging are dominating ahead of the Thursday weekly expiry. Meanwhile, MIDCPNIFTY’s OI and price were steady, and FINNIFTY’s OI rose 5.5% despite a 0.87% decline, reflecting sectoral divergence. This Open Interest Volume Analysis—marked by falling OI, premium compression, and bearish PCR shifts—shows that the market is pausing after its June rally, with bulls defending key supports but momentum clearly slowing.

NSE & BSE F&O Market Signals

NIFTY JUNE Future

NIFTY Spot closed at: 25,453.40 (-0.35%)

NIFTY JULY Future closed at: 25,546.10 (-0.38%)

Premium: 92.7 (Decreased by -8.8 points)

Open Interest Change: -3.2%

Volume Change: 68.2%

NIFTY Weekly Expiry (3/07/2025) Option Analysis

Put-Call Ratio (OI): 0.624 (Decreased from 0.736)

Put-Call Ratio (Volume): 1.062

Max Pain Level: 25450

Maximum CALL OI: 26000

Maximum PUT OI: 25000

Highest CALL Addition: 25500

Highest PUT Addition: 25000

NIFTY Monthly Expiry (31/07/2025) Option Analysis

Put-Call Ratio (OI): 1.200 (Decreased from 1.239)

Put-Call Ratio (Volume): 0.998

Max Pain Level: 25400

Maximum CALL OI: 26000

Maximum PUT OI: 25000

Highest CALL Addition: 25500

Highest PUT Addition: 25500

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 56,999.20 (-0.80%)

BANKNIFTY JULY Future closed at: 57,317.00 (-0.65%)

Premium: 317.8 (Increased by 87.65 points)

Open Interest Change: -8.3%

Volume Change: 59.2%

BANKNIFTY Monthly Expiry  (31/07/2025) Option Analysis

Put-Call Ratio (OI): 0.961 (Decreased from 1.091)

Put-Call Ratio (Volume): 1.102

Max Pain Level: 57000

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 57500

Highest PUT Addition: 53000

FINNIFTY JULY Future

FINNIFTY Spot closed at: 26,861.70 (-0.97%)

FINNIFTY JULY Future closed at: 27,014.50 (-0.87%)

Premium:  152.8 (Increased by 25 points)

Open Interest Change: 5.5%

Volume Change: 255.1%

FINNIFTY Monthly Expiry  (31/07/2025) Option Analysis

Put-Call Ratio (OI): 0.938 (Decreased from 1.017)

Put-Call Ratio (Volume): 1.328

Max Pain Level: 27100

Maximum CALL OI: 28000

Maximum PUT OI: 27000

Highest CALL Addition: 27000

Highest PUT Addition: 23500

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,440.50 (0.18%)

MIDCPNIFTY JULY Future closed at: 13,495.55 (0.06%)

Premium: 55.05 (Decreased by -16.1 points)

Open Interest Change: -0.3%

Volume Change: 0.0%

MIDCPNIFTY Monthly Expiry  (31/07/2025) Option Analysis

Put-Call Ratio (OI): 1.072 (Increased from 0.950)

Put-Call Ratio (Volume): 0.995

Max Pain Level: 13400

Maximum CALL OI: 13500

Maximum PUT OI: 13000

Highest CALL Addition: 13500

Highest PUT Addition: 13000

SENSEX Weekly Expiry (8/07/2025) Future

SENSEX Spot closed at: 83,409.69 (-0.34%)

SENSEX Weekly Future closed at: 83,457.50 (-0.38%)

Premium: 47.81 (Decreased by -29.65 points)

Open Interest Change: 8.3%

Volume Change: 25.7%

SENSEX Weekly Expiry (8/07/2025) Option Analysis

Put-Call Ratio (OI): 0.578 (Decreased from 0.860)

Put-Call Ratio (Volume): 1.044

Max Pain Level: 83500

Maximum CALL OI: 86000

Maximum PUT OI: 81000

Highest CALL Addition: 85000

Highest PUT Addition: 81000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,561.62 Cr
DIIs Net BUY: ₹ 3,036.68 Cr

FII Derivatives Activity

FII Trading Stats	2.07.25	1.07.25	30.06.25
FII Cash (Provisional Data)	-1,561.62	-1,970.14	-831.5
Index Future Open Interest Long Ratio	33.40%	36.66%	36.40%
Index Future Volume Long Ratio	32.50%	48.81%	43.67%
Call Option Open Interest Long Ratio	46.57%	51.94%	49.75%
Call Option Volume Long Ratio	49.49%	50.41%	49.57%
Put Option Open Interest Long Ratio	58.91%	58.02%	51.13%
Put Option Volume Long Ratio	50.04%	51.21%	49.79%
Stock Future Open Interest Long Ratio	64.32%	64.22%	64.47%
Stock Future Volume Long Ratio	51.21%	47.69%	44.77%
Index Futures	Fresh Short	Fresh Short	Long Covering
Index Options	Fresh Short	Fresh Long	Fresh Short
Nifty Futures	Fresh Short	Fresh Short	Long Covering
Nifty Options	Fresh Short	Fresh Long	Fresh Short
BankNifty Futures	Long Covering	Fresh Short	Fresh Short
BankNifty Options	Fresh Short	Fresh Long	Fresh Short
FinNifty Futures	Fresh Short	Fresh Short	Long Covering
FinNifty Options	Fresh Short	Short Covering	Fresh Short
MidcpNifty Futures	Fresh Short	Short Covering	Fresh Short
MidcpNifty Options	Long Covering	Fresh Long	Fresh Short
NiftyNxt50 Futures	Short Covering	Short Covering	Long Covering
NiftyNxt50 Options	Fresh Long	Short Covering	Fresh Long
Stock Futures	Short Covering	Fresh Short	Long Covering
Stock Options	Fresh Long	Fresh Short	Fresh Long

NSE & BSE Option market Trends : Options Insights

NIFTY weekly Expiry (03/07/2025)

The NIFTY index closed at 25453.4. The NIFTY weekly expiry for JULY 3, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.624 against previous 0.736. The 26000CE option holds the maximum open interest, followed by the 25600CE and 25500CE options. Market participants have shown increased interest with significant open interest additions in the 25500CE option, with open interest additions also seen in the 25450CE and 25600CE options. On the other hand, open interest reductions were prominent in the 25500PE, 26500CE, and 25550PE options. Trading volume was highest in the 25500PE option, followed by the 25400PE and 25500CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	03-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,453.40	0.624	0.736	1.062
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	20,63,71,425	18,64,27,125	1,99,44,300
PUT:	12,88,16,400	13,72,50,300	-84,33,900
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,75,34,925	26,96,025	19,99,549
25,600	1,65,08,775	41,38,575	52,44,315
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	1,45,32,975	59,76,600	59,39,927
25,450	50,95,950	42,33,150	30,01,611
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	99,59,925	-24,03,975	8,17,039
26,300	52,72,875	-16,70,325	9,68,410
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	1,45,32,975	59,76,600	59,39,927
25,600	1,65,08,775	41,38,575	52,44,315
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	1,00,38,900	15,72,450	18,95,054
25,400	78,21,675	3,30,450	60,91,002
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	1,00,38,900	15,72,450	18,95,054
25,350	44,19,525	11,81,175	29,76,843
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	65,84,775	-45,30,075	66,04,417
25,550	15,53,700	-23,75,775	30,58,691
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	65,84,775	-45,30,075	66,04,417
25,400	78,21,675	3,30,450	60,91,002

SENSEX weekly Expiry (08/07/2025)

The SENSEX index closed at 83409.69. The SENSEX weekly expiry for JULY 08, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.578 against previous 0.860. The 86000CE option holds the maximum open interest, followed by the 85000CE and 87000CE 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 83500CE options. On the other hand, open interest reductions were prominent in the 83700PE, 84000PE, and 85000PE options. Trading volume was highest in the 83500PE option, followed by the 84000CE and 83000PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	08-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
83409.69	0.578	0.860	1.044
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	83,36,760	25,39,409	57,97,351
PUT:	48,18,720	21,84,900	26,33,820
Top CALL Open Interest:
Strike	OI	OI Change	Volume
86000	7,33,640	4,06,280	52,18,140
85000	5,66,880	4,29,180	52,73,780
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
85000	5,66,880	4,29,180	52,73,780
86000	7,33,640	4,06,280	52,18,140
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
90100	2,020	-720	15,780
81000	5,060	-500	1,100
Top CALL Volume:
Strike	OI	OI Change	Volume
84000	4,08,020	2,19,480	66,74,920
83500	4,72,380	3,25,980	60,45,240
Top PUT Open Interest:
Strike	OI	OI Change	Volume
81000	4,90,580	2,65,740	39,38,260
83500	3,40,820	1,55,820	87,43,180
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
81000	4,90,580	2,65,740	39,38,260
79000	2,04,180	1,59,000	14,40,960
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
83700	82,960	-32,080	47,67,800
84000	91,600	-6,180	24,34,920
Top PUT Volume:
Strike	OI	OI Change	Volume
83500	3,40,820	1,55,820	87,43,180
83000	2,80,320	1,37,120	61,89,860

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25453.4. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.200 against previous 1.239. The 25000PE option holds the maximum open interest, followed by the 26000CE and 24500PE options. Market participants have shown increased interest with significant open interest additions in the 25500CE option, with open interest additions also seen in the 26000CE and 25500PE options. On the other hand, open interest reductions were prominent in the 26500CE, 25200PE, and 24000PE options. Trading volume was highest in the 25500PE option, followed by the 26000CE and 25500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,453.40	1.200	1.239	0.998
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,65,09,775	3,51,18,675	13,91,100
PUT:	4,37,93,775	4,35,25,875	2,67,900
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	46,94,325	4,89,750	55,704
25,500	32,35,125	5,74,275	51,151
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	32,35,125	5,74,275	51,151
26,000	46,94,325	4,89,750	55,704
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	31,18,350	-3,76,575	39,653
25,000	31,25,475	-83,850	10,688
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	46,94,325	4,89,750	55,704
25,500	32,35,125	5,74,275	51,151
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	65,58,375	-99,525	40,158
24,500	37,05,375	2,09,400	31,260
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,500	32,08,575	3,15,975	60,326
24,500	37,05,375	2,09,400	31,260
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,200	11,45,700	-1,20,600	14,321
24,000	34,15,800	-1,08,150	24,616
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	32,08,575	3,15,975	60,326
25,000	65,58,375	-99,525	40,158

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 56999.2. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.961 against previous 1.091. The 56000PE option holds the maximum open interest, followed by the 56000CE and 57000PE options. Market participants have shown increased interest with significant open interest additions in the 57500CE option, with open interest additions also seen in the 57000CE and 61500CE options. On the other hand, open interest reductions were prominent in the 57500PE, 57400PE, and 57200PE options. Trading volume was highest in the 57000PE option, followed by the 57500CE and 57500PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,999.20	0.961	1.091	1.102
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,45,54,260	1,29,14,099	16,40,161
PUT:	1,39,79,840	1,40,86,800	-1,06,960
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	14,11,795	-7,980	7,994
60,000	9,91,970	84,280	53,606
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
57,500	8,84,485	1,94,145	1,02,994
57,000	9,19,030	1,90,470	63,479
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
64,500	4,40,300	-62,090	8,638
56,000	14,11,795	-7,980	7,994
Top CALL Volume:
Strike	OI	OI Change	Volume
57,500	8,84,485	1,94,145	1,02,994
58,000	9,53,785	54,740	65,511
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	21,58,135	39,970	61,725
57,000	12,04,455	140	1,10,271
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
53,000	7,14,140	68,740	25,728
54,500	3,32,395	47,810	19,802
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
57,500	4,75,790	-1,33,070	86,709
57,400	1,10,950	-80,150	47,133
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	12,04,455	140	1,10,271
57,500	4,75,790	-1,33,070	86,709

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 26861.7. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.938 against previous 1.017. The 28000CE option holds the maximum open interest, followed by the 29000CE and 27000CE options. Market participants have shown increased interest with significant open interest additions in the 27000CE option, with open interest additions also seen in the 23500PE and 29000CE options. On the other hand, open interest reductions were prominent in the 27150PE, 27100PE, and 27300PE options. Trading volume was highest in the 27000PE option, followed by the 26500PE and 29000CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,861.70	0.938	1.017	1.328
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	5,70,700	4,24,775	1,45,925
PUT:	5,35,340	4,32,185	1,03,155
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,000	95,810	7,215	2,732
29,000	66,430	22,555	3,130
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,000	63,440	41,015	3,092
29,000	66,430	22,555	3,130
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,250	11,440	-2,340	338
27,150	9,815	-1,430	536
Top CALL Volume:
Strike	OI	OI Change	Volume
29,000	66,430	22,555	3,130
27,000	63,440	41,015	3,092
Top PUT Open Interest:
Strike	OI	OI Change	Volume
27,000	56,420	13,455	4,364
25,000	49,270	-780	2,874
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,500	31,005	24,245	732
27,000	56,420	13,455	4,364
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
27,150	12,870	-13,130	889
27,100	19,565	-5,915	2,243
Top PUT Volume:
Strike	OI	OI Change	Volume
27,000	56,420	13,455	4,364
26,500	43,615	12,025	3,936

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13440.5. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.072 against previous 0.950. The 13000PE option holds the maximum open interest, followed by the 13500CE and 14000CE options. Market participants have shown increased interest with significant open interest additions in the 13000PE option, with open interest additions also seen in the 13500CE and 13450PE options. On the other hand, open interest reductions were prominent in the 68800CE, 59400PE, and 59400PE options. Trading volume was highest in the 13500CE option, followed by the 13400PE and 14000CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,440.50	1.072	0.950	0.995
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	37,21,480	36,14,520	1,06,960
PUT:	39,88,180	34,33,640	5,54,540
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,500	7,01,820	78,400	18,851
14,000	6,43,720	2,380	13,416
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,500	7,01,820	78,400	18,851
14,200	1,86,480	27,720	3,119
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,200	60,760	-66,080	1,855
13,350	47,180	-29,540	1,343
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	7,01,820	78,400	18,851
14,000	6,43,720	2,380	13,416
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,96,880	2,14,620	8,982
12,000	4,70,400	13,720	2,499
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,000	7,96,880	2,14,620	8,982
13,450	1,31,600	71,960	6,948
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,200	1,20,960	-23,660	3,936
13,350	36,960	-14,000	2,406
Top PUT Volume:
Strike	OI	OI Change	Volume
13,400	2,53,120	37,940	17,277
13,500	2,62,080	42,560	10,412

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

The 2nd July F&O data signals a cautious, rangebound trading: Nifty’s 25,450–25,500 zone (max pain and support) is critical, with resistance at 25,700–26,000 as call writers dominate higher strikes. BankNifty’s 57,000–57,500 range and a softening PCR reinforce the need for tactical hedging, while MIDCPNIFTY’s 13,400 base and FINNIFTY’s 27,100 support offer selective opportunities. With institutional flows still net positive for July and historical data favoring post-expiry rebounds, traders should consider straddles or iron condors near max pain levels. As July’s “bullish effect” remains statistically intact, this Open Interest Volume Analysis—tracking OI shifts, premium trends, and PCR pivots—will be crucial for navigating the next breakout or a deeper consolidation phase.

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.