NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 8/07/2025

The Open Interest Volume Analysis for 8th July 2025 paints a picture of a market cautiously regaining its footing, with Nifty July futures closing at 25,611.90—up 0.29%—and open interest inching higher by 0.5%. The premium expanded by nearly 12 points, suggesting that traders are willing to pay up for near-term exposure, possibly anticipating a directional move. On the options front, the weekly Put-Call Ratio (OI) jumped to 0.935, its highest in several sessions, reflecting a wave of put writing at 25,400 and 25,500 strikes. Max pain for the week is locked at 25,500, while the highest call and put additions at 26,000 and 25,400 respectively reinforce this as the key expiry pivot. The monthly option chain continues to show a healthy PCR (OI) above 1.17, with max pain at 25,400, signaling that the broader market still leans bullish, even as traders hedge against near-term volatility.

NSE & BSE F&O Market Signals

NIFTY JULY Future

NIFTY Spot closed at: 25,522.50 (0.24%)

NIFTY JULY Future closed at: 25,611.90 (0.29%)

Premium: 89.4 (Increased by 11.8 points)

Open Interest Change: 0.5%

Volume Change: -3.5%

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

Put-Call Ratio (OI): 0.935 (Increased from 0.797)

Put-Call Ratio (Volume): 0.782

Max Pain Level: 25500

Maximum CALL OI: 26000

Maximum PUT OI: 25400

Highest CALL Addition: 26000

Highest PUT Addition: 25400

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

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

Put-Call Ratio (Volume): 1.012

Max Pain Level: 25400

Maximum CALL OI: 26000

Maximum PUT OI: 25000

Highest CALL Addition: 26000

Highest PUT Addition: 25000

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 57,256.30 (0.54%)

BANKNIFTY JULY Future closed at: 57,454.00 (0.47%)

Premium: 197.7 (Decreased by -40.9 points)

Open Interest Change: 2.3%

Volume Change: -2.0%

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

Put-Call Ratio (OI): 0.972 (Increased from 0.934)

Put-Call Ratio (Volume): 0.869

Max Pain Level: 57000

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 56400

Highest PUT Addition: 53000

FINNIFTY JULY Future

FINNIFTY Spot closed at: 27,016.85 (0.68%)

FINNIFTY JULY Future closed at: 27,114.50 (0.61%)

Premium:  97.65 (Decreased by -18.5 points)

Open Interest Change: -5.9%

Volume Change: 132.0%

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

Put-Call Ratio (OI): 0.870 (Increased from 0.788)

Put-Call Ratio (Volume): 0.620

Max Pain Level: 27000

Maximum CALL OI: 27500

Maximum PUT OI: 27000

Highest CALL Addition: 27500

Highest PUT Addition: 24500

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,333.45 (-0.48%)

MIDCPNIFTY JULY Future closed at: 13,396.95 (-0.36%)

Premium: 63.5 (Increased by 16.3 points)

Open Interest Change: -1.5%

Volume Change: 132.3%

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

Put-Call Ratio (OI): 0.869 (Decreased from 0.961)

Put-Call Ratio (Volume): 0.864

Max Pain Level: 13400

Maximum CALL OI: 14000

Maximum PUT OI: 13000

Highest CALL Addition: 13300

Highest PUT Addition: 12500

SENSEX Weekly Expiry (15/07/2025) Future

SENSEX Spot closed at: 83,712.51 (0.32%)

SENSEX Weekly Future closed at: 83,771.25 (0.33%)

Premium: 58.74 (Increased by 7.09 points)

Open Interest Change: 95.7%

Volume Change: 216.1%

SENSEX Weekly Expiry (15/07/2025) Option Analysis

Put-Call Ratio (OI): 0.939 (Increased from 0.864)

Put-Call Ratio (Volume): 0.877

Max Pain Level: 83500

Maximum CALL OI: 86000

Maximum PUT OI: 83500

Highest CALL Addition: 86000

Highest PUT Addition: 83500

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 26.12 Cr
DIIs Net BUY: ₹ 1,366.82 Cr

FII Derivatives Activity

FII Trading Stats	8.07.25	7.07.25	4.07.25
FII Cash (Provisional Data)	-26.12	321.16	-760.11
Index Future Open Interest Long Ratio	28.74%	28.25%	28.63%
Index Future Volume Long Ratio	46.79%	43.32%	42.31%
Call Option Open Interest Long Ratio	52.79%	53.54%	54.58%
Call Option Volume Long Ratio	49.91%	49.87%	50.05%
Put Option Open Interest Long Ratio	59.05%	59.71%	60.74%
Put Option Volume Long Ratio	49.90%	49.87%	49.87%
Stock Future Open Interest Long Ratio	63.88%	64.16%	64.22%
Stock Future Volume Long Ratio	47.21%	49.33%	49.27%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Fresh Short	Fresh Short	Fresh Short
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Fresh Short	Fresh Short	Fresh Short
BankNifty Futures	Fresh Long	Fresh Short	Fresh Short
BankNifty Options	Long Covering	Long Covering	Fresh Long
FinNifty Futures	Long Covering	Short Covering	Short Covering
FinNifty Options	Fresh Short	Fresh Long	Fresh Long
MidcpNifty Futures	Short Covering	Long Covering	Short Covering
MidcpNifty Options	Fresh Short	Fresh Long	Fresh Long
NiftyNxt50 Futures	Fresh Short	Fresh Short	Fresh Short
NiftyNxt50 Options	Long Covering	Fresh Short	Fresh Short
Stock Futures	Fresh Short	Long Covering	Fresh Short
Stock Options	Long Covering	Fresh Long	Fresh Short

NSE & BSE Option market Trends : Options Insights

NIFTY weekly Expiry (10/07/2025)

The NIFTY index closed at 25522.5. The NIFTY weekly expiry for JULY 10, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.935 against previous 0.797. The 26000CE option holds the maximum open interest, followed by the 25400PE and 26500CE options. Market participants have shown increased interest with significant open interest additions in the 25400PE option, with open interest additions also seen in the 25500PE and 26000CE options. On the other hand, open interest reductions were prominent in the 26300CE, 24300PE, and 24000PE options. Trading volume was highest in the 25500CE option, followed by the 25500PE and 25400PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	10-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,522.50	0.935	0.797	0.782
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	13,76,61,450	13,48,73,850	27,87,600
PUT:	12,87,13,725	10,75,33,050	2,11,80,675
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,26,43,500	21,67,650	12,29,702
26,500	95,94,150	9,44,475	4,52,543
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	1,26,43,500	21,67,650	12,29,702
25,700	74,04,075	18,32,925	14,01,940
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,300	44,12,025	-15,12,075	4,07,731
25,400	29,23,725	-10,31,100	14,90,626
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	82,08,900	-6,90,300	32,27,228
25,450	27,13,200	-9,30,900	20,22,269
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,400	1,04,96,400	41,66,175	20,59,416
25,500	82,60,275	32,67,975	21,17,938
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,400	1,04,96,400	41,66,175	20,59,416
25,500	82,60,275	32,67,975	21,17,938
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,300	25,25,550	-12,14,175	2,19,069
24,000	51,90,150	-10,74,450	2,87,508
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	82,60,275	32,67,975	21,17,938
25,400	1,04,96,400	41,66,175	20,59,416

SENSEX weekly Expiry (15/07/2025)

The SENSEX index closed at 83712.51. The SENSEX weekly expiry for JULY 15, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.939 against previous 0.864. The 86000CE option holds the maximum open interest, followed by the 85000CE and 83500PE options. Market participants have shown increased interest with significant open interest additions in the 83500PE option, with open interest additions also seen in the 86000CE and 80000PE options. On the other hand, open interest reductions were prominent in the 88400CE, 82600CE, and 90100CE options. Trading volume was highest in the 83500CE option, followed by the 83500PE and 86000CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	15-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
83712.51	0.939	0.864	0.877
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	24,87,700	8,15,040	16,72,660
PUT:	23,37,060	7,04,109	16,32,951
Top CALL Open Interest:
Strike	OI	OI Change	Volume
86000	2,87,880	1,56,600	9,97,400
85000	2,28,080	1,26,260	9,60,720
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
86000	2,87,880	1,56,600	9,97,400
83500	1,88,700	1,27,220	11,75,520
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
88400	680	-300	620
82600	980	-80	280
Top CALL Volume:
Strike	OI	OI Change	Volume
83500	1,88,700	1,27,220	11,75,520
86000	2,87,880	1,56,600	9,97,400
Top PUT Open Interest:
Strike	OI	OI Change	Volume
83500	2,18,320	1,70,200	11,74,620
83300	1,96,920	87,700	2,90,500
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
83500	2,18,320	1,70,200	11,74,620
80000	1,96,340	1,52,840	5,73,520
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
–	–	–	–
–	–	–	–
Top PUT Volume:
Strike	OI	OI Change	Volume
83500	2,18,320	1,70,200	11,74,620
82000	1,96,200	1,29,180	8,09,040

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25522.5. 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 1.178. 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 26000CE option, with open interest additions also seen in the 26200CE and 25000PE options. On the other hand, open interest reductions were prominent in the 25400CE, 24000PE, and 24500PE options. Trading volume was highest in the 26000CE option, followed by the 25500PE and 25500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,522.50	1.178	1.178	1.012
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,80,83,575	3,79,10,175	1,73,400
PUT:	4,48,47,000	4,46,62,650	1,84,350
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	52,39,875	3,56,550	60,966
25,500	33,01,800	-36,750	46,327
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	52,39,875	3,56,550	60,966
26,200	14,57,100	2,54,325	14,230
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,400	7,96,875	-1,59,375	19,388
26,500	29,66,850	-82,050	24,898
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	52,39,875	3,56,550	60,966
25,500	33,01,800	-36,750	46,327
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	67,58,550	2,32,125	35,726
24,500	36,13,500	-1,13,475	29,159
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	67,58,550	2,32,125	35,726
25,600	12,53,175	1,51,575	13,990
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	31,93,275	-1,45,800	20,433
24,500	36,13,500	-1,13,475	29,159
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	31,85,925	-1,725	46,524
25,000	67,58,550	2,32,125	35,726

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 57256.3. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.972 against previous 0.934. 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 53000PE option, with open interest additions also seen in the 57100PE and 57000PE options. On the other hand, open interest reductions were prominent in the 57000CE, 54000PE, and 51000PE options. Trading volume was highest in the 57000PE option, followed by the 57000CE and 57200CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
57,256.30	0.972	0.934	0.869
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,53,34,445	1,53,87,015	-52,570
PUT:	1,49,05,485	1,43,72,689	5,32,796
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	13,96,675	-3,430	3,386
57,000	10,56,335	-1,04,860	95,843
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
56,400	72,800	52,290	2,475
60,000	10,37,050	39,655	47,598
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
57,000	10,56,335	-1,04,860	95,843
62,000	5,11,735	-43,050	16,519
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	10,56,335	-1,04,860	95,843
57,200	3,15,980	39,480	85,545
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	21,40,075	28,070	49,435
57,000	13,60,905	75,950	1,06,905
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
53,000	7,77,700	88,095	20,589
57,100	2,12,135	79,205	62,643
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
54,000	5,87,230	-95,725	24,320
51,000	3,82,480	-58,170	11,879
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	13,60,905	75,950	1,06,905
57,200	2,95,680	69,195	74,835

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 27016.85. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.870 against previous 0.788. The 27500CE option holds the maximum open interest, followed by the 28000CE and 28500CE options. Market participants have shown increased interest with significant open interest additions in the 24500PE option, with open interest additions also seen in the 27500CE and 23000PE options. On the other hand, open interest reductions were prominent in the 27000CE, 26800CE, and 27000PE options. Trading volume was highest in the 27500CE option, followed by the 28000CE and 27000CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
27,016.85	0.870	0.788	0.620
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	8,24,980	7,53,090	71,890
PUT:	7,17,405	5,93,255	1,24,150
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,500	1,06,730	34,710	9,722
28,000	1,02,895	-5,720	4,979
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,500	1,06,730	34,710	9,722
27,400	26,065	18,265	3,802
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,000	65,455	-15,405	4,533
26,800	12,350	-14,300	931
Top CALL Volume:
Strike	OI	OI Change	Volume
27,500	1,06,730	34,710	9,722
28,000	1,02,895	-5,720	4,979
Top PUT Open Interest:
Strike	OI	OI Change	Volume
27,000	62,985	-10,985	3,048
24,500	61,360	35,880	1,463
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,500	61,360	35,880	1,463
23,000	37,310	22,750	448
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
27,000	62,985	-10,985	3,048
26,000	31,785	-6,695	2,694
Top PUT Volume:
Strike	OI	OI Change	Volume
27,000	62,985	-10,985	3,048
26,900	23,595	10,140	2,780

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13333.45. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.869 against previous 0.961. The 14000CE option holds the maximum open interest, followed by the 14500CE and 13000PE options. Market participants have shown increased interest with significant open interest additions in the 13300CE option, with open interest additions also seen in the 12500PE and 13800CE options. On the other hand, open interest reductions were prominent in the 68600CE, 56000CE, and 56000PE options. Trading volume was highest in the 13300PE 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
13,333.45	0.869	0.961	0.864
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	54,92,340	48,64,020	6,28,320
PUT:	47,73,160	46,75,720	97,440
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	8,96,420	63,280	14,071
14,500	6,80,400	53,340	4,737
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,300	1,54,000	99,400	13,742
13,800	4,58,640	84,420	9,003
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,900	87,920	-27,440	4,362
14,800	2,50,740	-25,060	1,243
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	6,58,420	77,280	17,258
13,400	2,90,500	21,420	15,726
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	6,69,900	23,380	9,784
12,000	4,65,500	-32,900	3,184
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,500	4,18,600	89,600	7,561
12,700	2,68,940	54,880	2,408
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,400	2,79,580	-2,01,460	13,819
12,600	86,100	-34,440	1,945
Top PUT Volume:
Strike	OI	OI Change	Volume
13,300	2,08,740	54,600	18,432
13,400	2,79,580	-2,01,460	13,819

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 at an inflection point, with both Nifty and BankNifty showing signs of cautious optimism but not yet breaking out of their consolidation ranges. For Nifty, the 25,400–25,500 zone remains the battleground—if the index can sustain above 25,500, expect a push toward 25,700 and possibly 26,000, where heavy call OI could trigger short covering. On the flip side, a dip below 25,400 could see quick profit-booking down to 25,250. BankNifty’s 57,000–57,500 range is equally pivotal, with strong put support at 56,000 and resistance at 57,500. For traders, the actionable play is to consider straddles or strangles around max pain for neutral exposure, or wait for a decisive close above 25,700 for fresh longs. Keep an eye on sectoral rotation—FINNIFTY’s OI drop and MIDCPNIFTY’s resilience at 13,400 could offer tactical opportunities. As the week unfolds, this Open Interest Volume Analysis will be the key to navigating volatility and positioning for the next big 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

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