NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 10/07/2025

The Open Interest Volume Analysis for 10th July 2025 reveals a market still on the defensive, with Nifty July futures closing at 25,421.90, down 0.54%, and open interest barely budging (+0.1%). The premium narrowed sharply by over 16 points, reflecting a lack of aggressive new long positions as traders remain cautious after the recent slide. On the options front, the weekly Put-Call Ratio (OI) dropped to 0.698, its lowest in days, as call writers ramped up exposure at the 26,500 strike while put writers focused on 24,000—highlighting a broad range and a bearish undertone into next week’s expiry. Max pain for both weekly and monthly series is locked at 25,400, making this zone a magnet for price action. Meanwhile, the monthly PCR (OI) also eased to 1.168, and the highest call and put additions are both at 25,400, signaling a likely tug-of-war around this level. BankNifty mirrored this cautiousness, falling 0.37% with a notable 3.5% drop in open interest and a PCR (OI) slide to 0.865, suggesting profit-booking and hedging are still in play. Sectorally, FINNIFTY and MIDCPNIFTY both lost ground, with their PCRs dropping further, pointing to continued risk-off sentiment in financials and midcaps.

NSE & BSE F&O Market Signals

NIFTY JUNE Future

NIFTY Spot closed at: 25,355.25 (-0.47%)

NIFTY JULY Future closed at: 25,421.90 (-0.54%)

Premium: 66.65 (Decreased by -16.05 points)

Open Interest Change: 0.1%

Volume Change: 42.6%

NIFTY Weekly Expiry (17/07/2025) Option Analysis

Put-Call Ratio (OI): 0.698 (Decreased from 0.743)

Put-Call Ratio (Volume): 0.818

Max Pain Level: 25400

Maximum CALL OI: 26500

Maximum PUT OI: 24000

Highest CALL Addition: 26500

Highest PUT Addition: 24000

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

Put-Call Ratio (OI): 1.168 (Decreased from 1.180)

Put-Call Ratio (Volume): 0.827

Max Pain Level: 25400

Maximum CALL OI: 26000

Maximum PUT OI: 25000

Highest CALL Addition: 25400

Highest PUT Addition: 25400

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 56,956.00 (-0.45%)

BANKNIFTY JULY Future closed at: 57,171.60 (-0.37%)

Premium: 215.6 (Increased by 45.55 points)

Open Interest Change: -3.5%

Volume Change: 32.9%

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

Put-Call Ratio (OI): 0.865 (Decreased from 0.941)

Put-Call Ratio (Volume): 0.905

Max Pain Level: 56900

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 57000

Highest PUT Addition: 53700

FINNIFTY JULY Future

FINNIFTY Spot closed at: 26,984.35 (-0.27%)

FINNIFTY JULY Future closed at: 27,091.80 (-0.25%)

Premium:  107.45 (Increased by 6.2 points)

Open Interest Change: -1.2%

Volume Change: -51.0%

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

Put-Call Ratio (OI): 0.915 (Decreased from 1.003)

Put-Call Ratio (Volume): 0.909

Max Pain Level: 27000

Maximum CALL OI: 27500

Maximum PUT OI: 25000

Highest CALL Addition: 28500

Highest PUT Addition: 26900

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,211.05 (-0.61%)

MIDCPNIFTY JULY Future closed at: 13,252.60 (-0.64%)

Premium: 41.55 (Decreased by -5.05 points)

Open Interest Change: 0.4%

Volume Change: -10.5%

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

Put-Call Ratio (OI): 0.755 (Decreased from 0.782)

Put-Call Ratio (Volume): 0.617

Max Pain Level: 13350

Maximum CALL OI: 14000

Maximum PUT OI: 13000

Highest CALL Addition: 13300

Highest PUT Addition: 13200

SENSEX Weekly Expiry (15/07/2025) Future

SENSEX Spot closed at: 83,190.28 (-0.41%)

SENSEX Weekly Future closed at: 83,277.30 (-0.46%)

Premium: 87.02 (Decreased by -41.5 points)

Open Interest Change: 32.8%

Volume Change: 15.1%

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

Put-Call Ratio (OI): 0.536 (Decreased from 0.671)

Put-Call Ratio (Volume): 0.971

Max Pain Level: 83300

Maximum CALL OI: 86000

Maximum PUT OI: 81000

Highest CALL Addition: 83500

Highest PUT Addition: 83000

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 221.06 Cr
DIIs Net BUY: ₹ 591.33 Cr

FII Derivatives Activity

FII Trading Stats	10.07.25	9.07.25	8.07.25
FII Cash (Provisional Data)	221.06	77	-26.12
Index Future Open Interest Long Ratio	24.66%	27.70%	28.74%
Index Future Volume Long Ratio	36.39%	38.81%	46.79%
Call Option Open Interest Long Ratio	54.69%	51.06%	52.79%
Call Option Volume Long Ratio	49.93%	49.83%	49.91%
Put Option Open Interest Long Ratio	63.07%	59.07%	59.05%
Put Option Volume Long Ratio	50.20%	50.01%	49.90%
Stock Future Open Interest Long Ratio	63.28%	63.73%	63.88%
Stock Future Volume Long Ratio	44.35%	48.81%	47.21%
Index Futures	Long Covering	Fresh Short	Fresh Short
Index Options	Short Covering	Fresh Short	Fresh Short
Nifty Futures	Long Covering	Fresh Short	Fresh Short
Nifty Options	Short Covering	Fresh Short	Fresh Short
BankNifty Futures	Long Covering	Fresh Long	Fresh Long
BankNifty Options	Fresh Short	Long Covering	Long Covering
FinNifty Futures	Short Covering	Long Covering	Long Covering
FinNifty Options	Fresh Short	Fresh Long	Fresh Short
MidcpNifty Futures	Long Covering	Fresh Long	Short Covering
MidcpNifty Options	Fresh Short	Fresh Long	Fresh Short
NiftyNxt50 Futures	Short Covering	Fresh Short	Fresh Short
NiftyNxt50 Options	Fresh Long	Fresh Short	Long Covering
Stock Futures	Long Covering	Fresh Short	Fresh Short
Stock Options	Short Covering	Short Covering	Long Covering

NSE & BSE Option market Trends : Options Insights

NIFTY weekly Expiry (17/07/2025)

The NIFTY index closed at 25355.25. The NIFTY weekly expiry for JULY 17, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.698 against previous 0.743. The 26500CE option holds the maximum open interest, followed by the 25500CE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 26500CE option, with open interest additions also seen in the 25500CE and 25400CE options. On the other hand, open interest reductions were prominent in the 25550PE, 27300CE, and 26000PE options. Trading volume was highest in the 25500CE option, followed by the 25400PE and 25400CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	17-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,355.25	0.698	0.743	0.818
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	7,78,85,025	3,70,37,925	4,08,47,100
PUT:	5,43,87,900	2,75,35,500	2,68,52,400
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,500	74,83,425	43,90,350	2,25,116
25,500	65,92,425	38,90,775	4,74,743
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,500	74,83,425	43,90,350	2,25,116
25,500	65,92,425	38,90,775	4,74,743
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,300	1,12,200	-56,400	7,683
26,950	69,975	-30,975	5,086
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	65,92,425	38,90,775	4,74,743
25,400	45,87,900	36,93,675	3,94,155
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	47,31,450	33,27,600	1,29,873
24,500	39,00,450	21,19,650	1,51,956
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,000	47,31,450	33,27,600	1,29,873
24,500	39,00,450	21,19,650	1,51,956
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,550	4,41,600	-1,36,575	42,725
26,000	2,02,275	-32,700	6,173
Top PUT Volume:
Strike	OI	OI Change	Volume
25,400	35,02,125	19,44,375	3,95,911
25,300	22,95,525	10,77,075	2,94,874

SENSEX weekly Expiry (15/07/2025)

The SENSEX index closed at 83190.28. The SENSEX weekly expiry for JULY 15, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.536 against previous 0.671. The 86000CE option holds the maximum open interest, followed by the 83500CE and 85500CE options. Market participants have shown increased interest with significant open interest additions in the 83500CE option, with open interest additions also seen in the 86000CE and 85000CE options. On the other hand, open interest reductions were prominent in the 83600PE, 83700PE, and 85900CE options. Trading volume was highest in the 83500CE option, followed by the 83500PE and 83300PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	15-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
83190.28	0.536	0.671	0.971
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,51,38,900	70,38,320	81,00,580
PUT:	81,11,440	47,23,989	33,87,451
Top CALL Open Interest:
Strike	OI	OI Change	Volume
86000	16,62,320	9,33,940	64,51,900
83500	13,42,520	9,51,100	1,07,53,460
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
83500	13,42,520	9,51,100	1,07,53,460
86000	16,62,320	9,33,940	64,51,900
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
85900	81,360	-31,700	7,98,820
88500	47,120	-18,420	4,59,020
Top CALL Volume:
Strike	OI	OI Change	Volume
83500	13,42,520	9,51,100	1,07,53,460
83300	4,09,340	3,69,440	69,51,020
Top PUT Open Interest:
Strike	OI	OI Change	Volume
81000	7,12,040	3,40,760	48,57,960
83000	6,20,140	4,19,320	79,70,360
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
83000	6,20,140	4,19,320	79,70,360
81000	7,12,040	3,40,760	48,57,960
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
83600	84,980	-71,800	44,55,660
83700	49,720	-49,360	21,52,180
Top PUT Volume:
Strike	OI	OI Change	Volume
83500	5,16,620	1,35,980	1,00,36,980
83300	2,88,340	77,640	85,03,700

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25355.25. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.168 against previous 1.180. The 25000PE option holds the maximum open interest, followed by the 26000CE and 25500CE options. Market participants have shown increased interest with significant open interest additions in the 25400CE option, with open interest additions also seen in the 25400PE and 25500CE options. On the other hand, open interest reductions were prominent in the 25200PE, 26200CE, and 26500CE options. Trading volume was highest in the 26000CE option, followed by the 25500CE and 25500PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,355.25	1.168	1.180	0.827
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,98,51,250	3,90,09,300	8,41,950
PUT:	4,65,26,700	4,60,32,900	4,93,800
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	56,80,125	1,89,975	77,504
25,500	39,44,625	2,02,425	75,610
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,400	11,97,300	3,43,125	36,854
25,500	39,44,625	2,02,425	75,610
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,200	12,98,025	-2,47,275	25,579
26,500	27,53,925	-2,36,175	43,363
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	56,80,125	1,89,975	77,504
25,500	39,44,625	2,02,425	75,610
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	72,70,725	17,925	50,400
25,500	35,24,175	9,675	61,051
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,400	17,64,375	2,94,825	39,205
23,500	22,64,175	1,79,100	12,499
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,200	11,15,925	-3,30,450	21,579
24,000	28,28,400	-1,07,400	17,077
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	35,24,175	9,675	61,051
25,000	72,70,725	17,925	50,400

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 56956. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.865 against previous 0.941. 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 57200CE options. On the other hand, open interest reductions were prominent in the 57000PE, 61500CE, and 57500PE options. Trading volume was highest in the 57000PE option, followed by the 57000CE and 57200PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,956.00	0.865	0.941	0.905
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,59,90,345	1,51,96,440	7,93,905
PUT:	1,38,30,180	1,43,01,919	-4,71,739
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	13,90,585	-1,960	4,638
57,000	11,95,985	1,44,130	94,762
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
57,000	11,95,985	1,44,130	94,762
57,500	10,66,135	90,370	80,229
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
61,500	2,86,195	-90,790	17,051
62,500	1,70,800	-34,965	6,720
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	11,95,985	1,44,130	94,762
57,200	4,46,635	78,925	85,823
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	21,80,255	6,160	47,149
57,000	12,33,050	-1,11,685	1,06,894
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
53,700	55,825	24,535	3,867
56,500	6,40,920	19,740	36,955
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
57,000	12,33,050	-1,11,685	1,06,894
57,500	3,80,800	-61,075	39,656
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	12,33,050	-1,11,685	1,06,894
57,200	2,01,180	-57,890	89,875

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 26984.35. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.915 against previous 1.003. 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 28500CE option, with open interest additions also seen in the 27500CE and 28300CE options. On the other hand, open interest reductions were prominent in the 25000PE, 27000PE, and 27700CE options. Trading volume was highest in the 27000PE option, followed by the 27000CE and 27500CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,984.35	0.915	1.003	0.909
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	8,52,475	8,30,765	21,710
PUT:	7,79,675	8,32,975	-53,300
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,500	1,07,900	18,200	2,995
28,000	1,02,505	-9,880	2,134
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
28,500	88,595	22,035	1,103
27,500	1,07,900	18,200	2,995
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,700	13,780	-11,635	685
30,000	44,980	-9,880	672
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	59,085	-4,615	3,276
27,500	1,07,900	18,200	2,995
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	68,835	-18,590	1,275
26,500	63,765	3,835	1,459
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,900	28,795	7,150	1,029
26,500	63,765	3,835	1,459
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	68,835	-18,590	1,275
27,000	52,975	-17,745	5,133
Top PUT Volume:
Strike	OI	OI Change	Volume
27,000	52,975	-17,745	5,133
27,050	20,020	3,120	2,346

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13211.05. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.755 against previous 0.782. The 14000CE option holds the maximum open interest, followed by the 13500CE 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 13500CE and 14000CE options. On the other hand, open interest reductions were prominent in the 68600CE, 68600CE, and 68400CE options. Trading volume was highest in the 13500CE option, followed by the 13300CE and 13300PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,211.05	0.755	0.782	0.617
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	71,15,080	64,69,540	6,45,540
PUT:	53,71,240	50,59,320	3,11,920
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	10,36,280	88,620	6,934
13,500	9,91,060	1,45,880	9,923
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,300	3,39,220	1,50,080	9,213
13,500	9,91,060	1,45,880	9,923
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,800	3,86,260	-74,200	4,978
14,500	6,87,820	-56,700	5,215
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	9,91,060	1,45,880	9,923
13,300	3,39,220	1,50,080	9,213
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,16,380	26,040	4,769
12,500	4,84,260	46,900	2,989
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,200	2,01,320	72,380	7,569
12,000	4,74,460	52,080	2,699
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,400	3,11,500	-61,180	3,361
10,500	1,07,240	-10,360	305
Top PUT Volume:
Strike	OI	OI Change	Volume
13,300	2,20,500	3,220	8,368
13,200	2,01,320	72,380	7,569

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

This session’s Open Interest Volume Analysis underscores a market that’s consolidating with a bearish tilt. For Nifty, the 25,400 zone is the battleground—expect volatility if this support cracks, with the next downside at 25,200 and resistance at 25,600–26,000 due to heavy call writing. BankNifty’s 57,000–57,500 range is equally pivotal, with strong resistance at higher strikes and support at 56,000. For traders, the actionable play is to stick with neutral-to-bearish strategies like short straddles or iron condors around 25,400, or to look for quick directional trades on a break of 25,400 or 25,600. Keep an eye on sectoral divergences—FINNIFTY’s OI drop and MIDCPNIFTY’s steady base at 13,350 could offer tactical opportunities. As expiry approaches, this Open Interest Volume Analysis will be your best guide for navigating volatility and positioning for the next decisive 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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