NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 7/07/2025

The Open Interest Volume Analysis for 7th July 2025 captures a market in a holding pattern, with Nifty July futures finishing flat at 25,538.90 and open interest slipping by 1.4%. The premium narrowed slightly, and volumes dropped nearly 30%, signaling a lack of conviction from both bulls and bears. On the options front, the weekly Put-Call Ratio (OI) ticked up to 0.797, but call writers remain active at the 25,600 and 26,000 strikes, keeping upside capped. Max pain for the weekly expiry is locked at 25,450, with the highest put additions at 25,300, reinforcing this as a key support zone for the week.

The monthly option chain shows a steady PCR (OI) above 1.17, but the highest call and put additions are still clustered around 25,700 and 24,900, highlighting indecision and a likely tug-of-war near current levels. BankNifty futures echoed the cautious tone, down 0.19% with OI nearly unchanged and a premium contraction, while FINNIFTY and MIDCPNIFTY both saw mild declines and OI dips, pointing to profit-booking and a wait-and-watch approach across sectors.

NSE & BSE F&O Market Signals

NIFTY JULY Future

NIFTY Spot closed at: 25,461.30 (0.00%)

NIFTY JULY Future closed at: 25,538.90 (0.00%)

Premium: 77.6 (Decreased by -1.5 points)

Open Interest Change: -1.4%

Volume Change: -29.7%

NIFTY Weekly Expiry (10/07/2025) Option Analysis

Put-Call Ratio (OI): 0.797 (Increased from 0.757)

Put-Call Ratio (Volume): 0.830

Max Pain Level: 25450

Maximum CALL OI: 26000

Maximum PUT OI: 25000

Highest CALL Addition: 25600

Highest PUT Addition: 25300

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

Put-Call Ratio (OI): 1.178 (Decreased from 1.179)

Put-Call Ratio (Volume): 1.120

Max Pain Level: 25400

Maximum CALL OI: 26000

Maximum PUT OI: 25000

Highest CALL Addition: 26700

Highest PUT Addition: 24900

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 56,949.20 (-0.15%)

BANKNIFTY JULY Future closed at: 57,187.80 (-0.19%)

Premium: 238.6 (Decreased by -23.3 points)

Open Interest Change: -0.1%

Volume Change: -2.8%

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

Put-Call Ratio (OI): 0.946 (Decreased from 0.964)

Put-Call Ratio (Volume): 0.984

Max Pain Level: 56900

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 57000

Highest PUT Addition: 51000

FINNIFTY JULY Future

FINNIFTY Spot closed at: 26,833.45 (-0.12%)

FINNIFTY JULY Future closed at: 26,949.60 (-0.18%)

Premium:  116.15 (Decreased by -14.85 points)

Open Interest Change: 0.3%

Volume Change: -16.1%

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

Put-Call Ratio (OI): 0.788 (Decreased from 0.880)

Put-Call Ratio (Volume): 0.996

Max Pain Level: 27000

Maximum CALL OI: 28000

Maximum PUT OI: 27000

Highest CALL Addition: 26800

Highest PUT Addition: 26850

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,398.25 (-0.13%)

MIDCPNIFTY JULY Future closed at: 13,445.45 (-0.14%)

Premium: 47.2 (Decreased by -1.65 points)

Open Interest Change: -1.2%

Volume Change: -33.5%

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

Put-Call Ratio (OI): 0.961 (Decreased from 0.988)

Put-Call Ratio (Volume): 0.840

Max Pain Level: 13400

Maximum CALL OI: 14000

Maximum PUT OI: 13000

Highest CALL Addition: 13450

Highest PUT Addition: 13400

SENSEX Weekly Expiry (8/07/2025) Future

SENSEX Spot closed at: 83,442.50 (0.01%)

SENSEX Weekly Future closed at: 83,415.45 (0.00%)

Discount: -27.05 (Decreased by -12.26 points)

Open Interest Change: 16.0%

Volume Change: -22.8%

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

Put-Call Ratio (OI): 0.769 (Increased from 0.672)

Put-Call Ratio (Volume): 0.816

Max Pain Level: 83400

Maximum CALL OI: 85000

Maximum PUT OI: 82000

Highest CALL Addition: 84800

Highest PUT Addition: 82000

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 321.16 Cr
DIIs Net BUY: ₹ 1,853.39 Cr

FII Derivatives Activity

FII Trading Stats	7.07.25	4.07.25	3.07.25
FII Cash (Provisional Data)	321.16	-760.11	1,481.19
Index Future Open Interest Long Ratio	28.25%	28.63%	29.29%
Index Future Volume Long Ratio	43.32%	42.31%	35.40%
Call Option Open Interest Long Ratio	53.54%	54.58%	55.00%
Call Option Volume Long Ratio	49.87%	50.05%	50.62%
Put Option Open Interest Long Ratio	59.71%	60.74%	64.03%
Put Option Volume Long Ratio	49.87%	49.87%	50.22%
Stock Future Open Interest Long Ratio	64.16%	64.22%	64.32%
Stock Future Volume Long Ratio	49.33%	49.27%	49.70%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Fresh Short	Fresh Short	Short Covering
Nifty Futures	Fresh Short	Fresh Short	Long Covering
Nifty Options	Fresh Short	Fresh Short	Short Covering
BankNifty Futures	Fresh Short	Fresh Short	Fresh Short
BankNifty Options	Long Covering	Fresh Long	Fresh Short
FinNifty Futures	Short Covering	Short Covering	Long Covering
FinNifty Options	Fresh Long	Fresh Long	Fresh Short
MidcpNifty Futures	Long Covering	Short Covering	Short Covering
MidcpNifty Options	Fresh Long	Fresh Long	Fresh Short
NiftyNxt50 Futures	Fresh Short	Fresh Short	Fresh Short
NiftyNxt50 Options	Fresh Short	Fresh Short	Fresh Long
Stock Futures	Long Covering	Fresh Short	Long Covering
Stock Options	Fresh Long	Fresh Short	Fresh Short

NSE & BSE Option market Trends : Options Insights

NIFTY weekly Expiry (10/07/2025)

The NIFTY index closed at 25461.3. The NIFTY weekly expiry for JULY 10, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.797 against previous 0.757. The 26000CE option holds the maximum open interest, followed by the 25500CE and 26500CE options. Market participants have shown increased interest with significant open interest additions in the 25600CE option, with open interest additions also seen in the 25300PE and 26000CE options. On the other hand, open interest reductions were prominent in the 27400CE, 27000CE, and 23000PE options. Trading volume was highest in the 25500CE option, followed by the 25400PE and 25450CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	10-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,461.30	0.797	0.757	0.830
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	13,48,73,850	12,33,77,325	1,14,96,525
PUT:	10,75,33,050	9,34,28,775	1,41,04,275
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,04,75,850	20,49,075	12,29,728
25,500	88,99,200	18,73,200	29,80,056
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,600	79,57,200	26,48,925	17,86,644
26,000	1,04,75,850	20,49,075	12,29,728
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,400	46,75,650	-21,69,600	2,26,495
27,000	49,35,825	-15,91,200	2,76,633
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	88,99,200	18,73,200	29,80,056
25,450	36,44,100	15,26,250	21,65,941
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	70,17,675	7,76,100	8,90,473
25,300	67,23,750	22,87,575	14,22,585
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,300	67,23,750	22,87,575	14,22,585
24,300	37,39,725	16,40,325	2,44,047
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,000	23,21,250	-7,25,475	93,777
23,900	11,01,600	-7,11,300	1,51,061
Top PUT Volume:
Strike	OI	OI Change	Volume
25,400	63,30,225	14,33,550	26,99,611
25,450	30,27,975	8,64,600	20,55,140

SENSEX weekly Expiry (08/07/2025)

The SENSEX index closed at 83442.5. The SENSEX weekly expiry for JULY 08, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.769 against previous 0.672. The 85000CE option holds the maximum open interest, followed by the 82000PE and 86000CE options. Market participants have shown increased interest with significant open interest additions in the 84800CE option, with open interest additions also seen in the 82000PE and 85000CE options. On the other hand, open interest reductions were prominent in the 88000CE, 86000CE, and 86500CE options. Trading volume was highest in the 83500CE option, followed by the 84000CE and 83400CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	08-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
83442.5	0.769	0.672	0.816
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,10,47,260	1,82,53,880	27,93,380
PUT:	1,61,79,640	1,22,70,549	39,09,091
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	19,22,780	5,61,760	2,04,54,360
86000	12,68,220	-3,02,540	84,57,940
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
84800	9,95,600	6,75,720	1,22,30,560
85000	19,22,780	5,61,760	2,04,54,360
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
88000	3,66,880	-3,75,020	17,28,140
86000	12,68,220	-3,02,540	84,57,940
Top CALL Volume:
Strike	OI	OI Change	Volume
83500	8,98,900	3,07,700	5,07,94,500
84000	12,49,360	3,96,980	4,93,17,680
Top PUT Open Interest:
Strike	OI	OI Change	Volume
82000	13,21,680	5,83,080	2,00,96,260
81000	10,95,500	-2,41,380	79,90,580
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
82000	13,21,680	5,83,080	2,00,96,260
83400	6,81,560	4,33,800	4,05,73,080
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
81000	10,95,500	-2,41,380	79,90,580
79000	2,37,760	-1,74,420	11,32,520
Top PUT Volume:
Strike	OI	OI Change	Volume
83000	7,98,020	3,04,480	4,25,03,780
83400	6,81,560	4,33,800	4,05,73,080

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25461.3. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.178 against previous 1.179. 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 24900PE option, with open interest additions also seen in the 26700CE and 23000PE options. On the other hand, open interest reductions were prominent in the 24600PE, 22500PE, and 24500PE options. Trading volume was highest in the 26000CE option, followed by the 25500CE and 25000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,461.30	1.178	1.179	1.120
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,79,10,175	3,81,32,175	-2,22,000
PUT:	4,46,62,650	4,49,49,975	-2,87,325
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	48,83,325	50,400	37,208
25,500	33,38,550	-59,175	36,470
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,700	9,55,275	83,775	6,197
25,900	7,74,900	74,550	7,548
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,400	9,56,250	-90,450	14,699
25,600	14,51,100	-76,200	11,965
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	48,83,325	50,400	37,208
25,500	33,38,550	-59,175	36,470
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	65,26,425	-49,575	33,376
24,500	37,26,975	-90,900	25,320
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,900	10,10,775	3,39,075	10,355
23,000	22,62,225	74,550	5,932
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,600	5,68,800	-1,58,925	9,512
22,500	20,42,850	-1,46,850	7,018
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	65,26,425	-49,575	33,376
25,500	31,87,650	-16,800	30,052

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 56949.2. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.946 against previous 0.964. 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 57000CE option, with open interest additions also seen in the 57500CE and 51000PE options. On the other hand, open interest reductions were prominent in the 46000PE, 49000PE, and 64500CE options. Trading volume was highest in the 57000PE option, followed by the 57000CE and 56900PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,949.20	0.946	0.964	0.984
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,53,87,015	1,51,78,284	2,08,731
PUT:	1,45,57,760	1,46,31,120	-73,360
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	14,00,105	1,785	4,339
57,000	11,61,195	68,285	1,21,019
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
57,000	11,61,195	68,285	1,21,019
57,500	9,76,185	65,555	55,680
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
64,500	4,29,835	-41,615	5,254
60,500	1,91,940	-36,015	12,565
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	11,61,195	68,285	1,21,019
58,000	9,45,455	30,205	56,151
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	21,12,005	560	43,529
57,000	12,84,955	-15,435	1,42,030
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
51,000	4,40,650	63,945	12,581
54,500	4,04,460	32,375	15,996
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
46,000	5,24,265	-64,610	21,079
49,000	1,12,980	-43,085	6,585
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	12,84,955	-15,435	1,42,030
56,900	1,75,035	15,820	72,378

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 26833.45. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.788 against previous 0.880. The 28000CE 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 26800CE option, with open interest additions also seen in the 27200CE and 27500CE options. On the other hand, open interest reductions were prominent in the 25000PE, 27000PE, and 27150PE options. Trading volume was highest in the 26800PE option, followed by the 28000CE and 26800CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,833.45	0.788	0.880	0.996
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	7,53,090	6,74,050	79,040
PUT:	5,93,255	5,93,320	-65
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,000	1,08,615	7,150	2,228
27,000	80,860	-2,340	1,445
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,800	26,650	9,295	1,991
27,200	37,245	8,905	518
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,000	80,860	-2,340	1,445
26,750	7,085	-1,755	350
Top CALL Volume:
Strike	OI	OI Change	Volume
28,000	1,08,615	7,150	2,228
26,800	26,650	9,295	1,991
Top PUT Open Interest:
Strike	OI	OI Change	Volume
27,000	73,970	-4,355	694
25,500	40,560	650	446
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,850	16,055	4,550	1,628
27,200	14,495	1,950	131
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	40,105	-6,110	790
27,000	73,970	-4,355	694
Top PUT Volume:
Strike	OI	OI Change	Volume
26,800	19,890	780	2,373
26,850	16,055	4,550	1,628

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13398.25. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.961 against previous 0.988. The 14000CE option holds the maximum open interest, followed by the 13000PE and 14500CE options. Market participants have shown increased interest with significant open interest additions in the 13400PE option, with open interest additions also seen in the 13450CE and 13800CE options. On the other hand, open interest reductions were prominent in the 68700CE, 72300CE, and 72300PE options. Trading volume was highest in the 13400PE option, followed by the 13500CE and 13400CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,398.25	0.961	0.988	0.840
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	48,64,020	43,38,180	5,25,840
PUT:	46,75,720	42,84,980	3,90,740
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	8,33,140	35,000	7,932
14,500	6,27,060	43,540	3,251
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,450	2,31,280	1,41,960	7,311
13,800	3,74,220	75,740	3,939
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,900	1,15,360	-40,600	3,009
13,350	49,560	-7,280	1,085
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	5,81,140	25,900	12,150
13,400	2,69,080	75,740	11,229
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	6,46,520	7,000	4,989
12,000	4,98,400	-12,040	2,030
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,400	4,81,040	1,50,500	14,626
12,100	1,01,080	43,400	469
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,150	29,260	-17,080	459
12,650	35,560	-15,820	566
Top PUT Volume:
Strike	OI	OI Change	Volume
13,400	4,81,040	1,50,500	14,626
13,500	3,11,360	18,060	5,782

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

This session’s Open Interest Volume Analysis suggests that the market is consolidating, with neither side willing to make a bold move ahead of key data and global cues. For Nifty, the 25,450–25,500 zone is the immediate battleground—watch for a decisive move below 25,300 to open up further downside, while sustained trade above 25,600 could trigger a short-covering rally toward 25,800. BankNifty’s 57,000–57,500 range remains pivotal, with strong call writing at higher strikes and put support at 56,000. For traders, the actionable play is to stick with neutral strategies like short straddles or iron condors around max pain, or to wait for a clear breakout above 25,600 for fresh longs. Keep an eye on sectoral rotation—FINNIFTY’s OI drop and MIDCPNIFTY’s steady base at 13,400 could offer opportunities for nimble traders. As the week unfolds, this Open Interest Volume Analysis will be your best compass for navigating choppy waters and spotting the next direct directional move.

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.