NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 11/07/2025

The Open Interest Volume Analysis for 11th July 2025 reveals a market under pressure, with Nifty July futures closing down 0.78% at 25,223.40 and open interest barely changing. The premium widened by nearly 7 points, a sign that traders are hedging downside risk as spot prices slip below 25,200. On the options front, the weekly Put-Call Ratio (OI) dropped sharply to 0.544, its lowest in weeks, as call writers aggressively built positions at 25,300 and 25,500, while put writers focused on 25,000 and 25,200. Max pain for the weekly expiry is locked at 25,250, making this the key pivot for the coming sessions. The monthly option chain shows a slightly more supportive picture, with a PCR (OI) above 1.09 and max pain at 25,300, but the highest call and put additions are both clustered just above spot, signaling indecision and a likely tug-of-war near current levels.

BankNifty futures mirrored the cautious tone, falling 0.44% with a 1% OI rise and a sharply lower premium, while the monthly PCR (OI) slipped to 0.828—suggesting traders are still booking profits and rolling over shorts. FINNIFTY and MIDCPNIFTY both lost ground, with their PCRs dropping further and max pain levels shifting lower, pointing to continued risk-off sentiment in financials and midcaps. SENSEX futures saw a notable OI and volume spike, but with a PCR (OI) still below 0.6, the broader market remains defensive.

NSE & BSE F&O Market Signals

NIFTY JUNE Future

NIFTY Spot closed at: 25,149.85 (-0.81%)

NIFTY JULY Future closed at: 25,223.40 (-0.78%)

Premium: 73.55 (Increased by 6.9 points)

Open Interest Change: -0.1%

Volume Change: 11.7%

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

Put-Call Ratio (Open Interest): 0.544 (Decreased from 0.698)

Put-Call Ratio (Volume): 0.990

Max Pain Level: 25250

Maximum CALL Open Interest: 25500

Maximum PUT Open Interest: 24000

Highest CALL Addition: 25300

Highest PUT Addition: 25000

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

Put-Call Ratio (Open Interest): 1.096 (Decreased from 1.168)

Put-Call Ratio (Volume): 0.805

Max Pain Level: 25300

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 25000

Highest CALL Addition: 25700

Highest PUT Addition: 25200

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 56,754.70 (-0.35%)

BANKNIFTY JULY Future closed at: 56,917.60 (-0.44%)

Premium: 162.9 (Decreased by -52.7 points)

Open Interest Change: 1.0%

Volume Change: 3.9%

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

Put-Call Ratio (Open Interest): 0.828 (Decreased from 0.865)

Put-Call Ratio (Volume): 0.862

Max Pain Level: 56800

Maximum CALL Open Interest: 56000

Maximum PUT Open Interest: 56000

Highest CALL Addition: 60000

Highest PUT Addition: 52000

FINNIFTY JULY Future

FINNIFTY Spot closed at: 26,853.10 (-0.49%)

FINNIFTY JULY Future closed at: 26,946.70 (-0.54%)

Premium:  93.6 (Decreased by -13.85 points)

Open Interest Change: -0.9%

Volume Change: 45.8%

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

Put-Call Ratio (Open Interest): 0.841 (Decreased from 0.915)

Put-Call Ratio (Volume): 1.132

Max Pain Level: 27000

Maximum CALL Open Interest: 28500

Maximum PUT Open Interest: 24500

Highest CALL Addition: 27000

Highest PUT Addition: 26300

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,026.85 (-1.39%)

MIDCPNIFTY JULY Future closed at: 13,036.70 (-1.63%)

Premium: 9.85 (Decreased by -31.7 points)

Open Interest Change: -1.4%

Volume Change: 60.5%

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

Put-Call Ratio (Open Interest): 0.681 (Decreased from 0.755)

Put-Call Ratio (Volume): 0.687

Max Pain Level: 13225

Maximum CALL Open Interest: 14000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 13100

Highest PUT Addition: 13100

SENSEX Weekly Expiry (15/07/2025) Future

SENSEX Spot closed at: 82,500.47 (-0.83%)

SENSEX Weekly Future closed at: 82,621.70 (-0.79%)

Premium: 121.23 (Increased by 34.21 points)

Open Interest Change: 34.3%

Volume Change: 105.4%

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

Put-Call Ratio (OI): 0.505 (Increased from 0.489)

Put-Call Ratio (Volume): 1.110

Max Pain Level: 82700

Maximum CALL OI: 85000

Maximum PUT OI: 80000

Highest CALL Addition: 85000

Highest PUT Addition: 80000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 5,104.22 Cr
DIIs Net BUY: ₹ 3,558.63 Cr

FII Derivatives Activity

FII Trading Stats	11.07.25	10.07.25	9.07.25
FII Cash (Provisional Data)	-5,104.22	221.06	77
Index Future Open Interest Long Ratio	20.22%	24.66%	27.70%
Index Future Volume Long Ratio	29.02%	36.39%	38.81%
Call Option Open Interest Long Ratio	50.63%	54.69%	51.06%
Call Option Volume Long Ratio	49.43%	49.93%	49.83%
Put Option Open Interest Long Ratio	62.13%	63.07%	59.07%
Put Option Volume Long Ratio	50.27%	50.20%	50.01%
Stock Future Open Interest Long Ratio	62.92%	63.28%	63.73%
Stock Future Volume Long Ratio	47.10%	44.35%	48.81%
Index Futures	Fresh Short	Long Covering	Fresh Short
Index Options	Fresh Short	Short Covering	Fresh Short
Nifty Futures	Fresh Short	Long Covering	Fresh Short
Nifty Options	Fresh Short	Short Covering	Fresh Short
BankNifty Futures	Fresh Short	Long Covering	Fresh Long
BankNifty Options	Fresh Long	Fresh Short	Long Covering
FinNifty Futures	Short Covering	Short Covering	Long Covering
FinNifty Options	Fresh Long	Fresh Short	Fresh Long
MidcpNifty Futures	Long Covering	Long Covering	Fresh Long
MidcpNifty Options	Long Covering	Fresh Short	Fresh Long
NiftyNxt50 Futures	Long Covering	Short Covering	Fresh Short
NiftyNxt50 Options	Fresh Long	Fresh Long	Fresh Short
Stock Futures	Long Covering	Long Covering	Fresh Short
Stock Options	Short Covering	Short Covering	Short Covering

NSE & BSE Option market Trends : Options Insights

NIFTY weekly Expiry (17/07/2025)

The NIFTY index closed at 25149.85. The NIFTY weekly expiry for JULY 17, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.544 against previous 0.698. The 25500CE option holds the maximum open interest, followed by the 26000CE and 26500CE options. Market participants have shown increased interest with significant open interest additions in the 25300CE option, with open interest additions also seen in the 25200CE and 26000CE options. On the other hand, open interest reductions were prominent in the 25400PE, 25500PE, and 25350PE options. Trading volume was highest in the 25200PE option, followed by the 25300CE and 25000PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	17-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,149.85	0.544	0.698	0.990
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	15,10,42,875	7,78,85,025	7,31,57,850
PUT:	8,22,26,700	5,43,87,900	2,78,38,800
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,500	1,07,73,375	41,80,950	15,86,795
26,000	1,02,27,900	50,50,875	7,46,327
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,300	98,92,425	88,59,750	23,81,646
25,200	58,34,325	52,84,500	19,59,785
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,800	7,800	-600	38
23,500	10,425	-225	41
Top CALL Volume:
Strike	OI	OI Change	Volume
25,300	98,92,425	88,59,750	23,81,646
25,200	58,34,325	52,84,500	19,59,785
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	75,43,575	28,12,125	4,37,827
25,000	73,64,175	36,81,450	21,49,965
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	73,64,175	36,81,450	21,49,965
24,000	75,43,575	28,12,125	4,37,827
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,400	24,64,875	-10,37,250	5,48,007
25,500	31,50,000	-6,46,500	2,08,163
Top PUT Volume:
Strike	OI	OI Change	Volume
25,200	40,72,275	14,24,850	28,98,984
25,000	73,64,175	36,81,450	21,49,965

SENSEX weekly Expiry (15/07/2025)

The SENSEX index closed at 82500.47. The SENSEX weekly expiry for JULY 15, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.505 against previous 0.489. The 85000CE option holds the maximum open interest, followed by the 86000CE and 84000CE options. Market participants have shown increased interest with significant open interest additions in the 85000CE option, with open interest additions also seen in the 83000CE and 84000CE options. On the other hand, open interest reductions were prominent in the 85500CE, 83000PE, and 87000CE options. Trading volume was highest in the 82500PE option, followed by the 82000PE and 83000CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	15-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
82500.47	0.505	0.489	1.110
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,34,41,780	1,51,38,900	83,02,880
PUT:	1,18,29,820	73,99,409	44,30,411
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	21,03,740	11,82,040	1,23,38,680
86000	16,00,980	-61,340	82,98,760
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
85000	21,03,740	11,82,040	1,23,38,680
83000	11,19,260	9,50,100	3,33,30,280
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
85500	8,64,080	-2,50,860	78,13,860
87000	5,04,360	-1,89,500	31,46,180
Top CALL Volume:
Strike	OI	OI Change	Volume
83000	11,19,260	9,50,100	3,33,30,280
83500	14,62,320	1,19,800	2,31,47,060
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	9,52,460	3,98,200	73,95,420
81000	8,39,040	1,27,000	1,48,73,500
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80000	9,52,460	3,98,200	73,95,420
82500	6,45,520	3,63,000	4,35,61,520
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
83000	4,16,900	-2,03,240	2,07,94,880
83300	1,05,520	-1,82,820	24,94,600
Top PUT Volume:
Strike	OI	OI Change	Volume
82500	6,45,520	3,63,000	4,35,61,520
82000	6,08,980	2,16,080	3,53,21,880

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25149.85. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.096 against previous 1.168. 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 25700CE option, with open interest additions also seen in the 25200CE and 25600CE options. On the other hand, open interest reductions were prominent in the 26000CE, 25500PE, and 25400PE options. Trading volume was highest in the 26000CE option, followed by the 25000PE and 25500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,149.85	1.096	1.168	0.805
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,18,64,625	3,98,51,250	20,13,375
PUT:	4,58,69,700	4,65,26,700	-6,57,000
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	46,73,850	-10,06,275	1,16,893
25,500	43,31,925	3,87,300	90,693
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,700	20,54,925	7,07,625	45,253
25,200	9,56,700	5,19,525	33,261
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	46,73,850	-10,06,275	1,16,893
26,300	6,75,300	-2,53,950	20,401
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	46,73,850	-10,06,275	1,16,893
25,500	43,31,925	3,87,300	90,693
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	73,81,500	1,10,775	94,129
24,500	31,84,500	-97,575	47,291
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,200	14,24,025	3,08,100	49,524
24,600	7,89,600	2,42,550	21,196
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	30,80,325	-4,43,850	45,614
25,400	13,49,775	-4,14,600	34,191
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	73,81,500	1,10,775	94,129
25,200	14,24,025	3,08,100	49,524

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 56754.7. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.828 against previous 0.865. The 56000PE option holds the maximum open interest, followed by the 56000CE and 57000CE options. Market participants have shown increased interest with significant open interest additions in the 60000CE option, with open interest additions also seen in the 65000CE and 56800CE options. On the other hand, open interest reductions were prominent in the 57000PE, 55000PE, and 46000PE options. Trading volume was highest in the 57000CE option, followed by the 57000PE and 56800PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,754.70	0.828	0.865	0.862
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,65,72,395	1,59,90,345	5,82,050
PUT:	1,37,28,820	1,38,28,194	-99,374
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	13,85,370	-5,215	9,734
57,000	12,55,415	59,430	1,50,031
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
60,000	11,16,990	1,22,990	60,601
65,000	2,98,095	1,02,585	11,777
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
63,000	3,44,575	-34,545	10,886
57,500	10,38,450	-27,685	70,230
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	12,55,415	59,430	1,50,031
58,000	9,22,600	27,370	70,813
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	21,46,025	-34,230	74,094
57,000	11,24,340	-1,08,710	1,39,744
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
52,000	5,15,655	84,175	12,370
56,900	2,02,125	57,540	59,926
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
57,000	11,24,340	-1,08,710	1,39,744
55,000	8,41,190	-46,200	51,547
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	11,24,340	-1,08,710	1,39,744
56,800	1,97,785	23,415	82,962

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 26853.1. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.841 against previous 0.915. The 28500CE option holds the maximum open interest, followed by the 27500CE and 28000CE options. Market participants have shown increased interest with significant open interest additions in the 27000CE option, with open interest additions also seen in the 28500CE and 26300PE options. On the other hand, open interest reductions were prominent in the 26500PE, 25000PE, and 27050PE options. Trading volume was highest in the 27000PE option, followed by the 27000CE and 28000CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,853.10	0.841	0.915	1.132
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	9,19,425	8,52,475	66,950
PUT:	7,72,980	7,79,675	-6,695
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,500	1,14,660	26,065	1,676
27,500	1,09,785	1,885	2,013
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,000	85,930	26,845	3,624
28,500	1,14,660	26,065	1,676
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,200	31,980	-8,450	1,799
28,000	95,550	-6,955	2,474
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	85,930	26,845	3,624
28,000	95,550	-6,955	2,474
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	67,925	10,855	367
25,000	56,615	-12,220	994
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,300	25,415	16,250	457
24,000	31,720	15,015	473
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	46,280	-17,485	2,357
25,000	56,615	-12,220	994
Top PUT Volume:
Strike	OI	OI Change	Volume
27,000	51,545	-1,430	6,130
26,500	46,280	-17,485	2,357

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13026.85. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.681 against previous 0.755. The 14000CE option holds the maximum open interest, followed by the 13500CE and 14500CE options. Market participants have shown increased interest with significant open interest additions in the 13100CE option, with open interest additions also seen in the 13000CE and 13200CE options. On the other hand, open interest reductions were prominent in the 69000PE, 57000CE, and 57000PE options. Trading volume was highest in the 13000PE option, followed by the 13500CE and 13200CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,026.85	0.681	0.755	0.687
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	83,63,320	71,15,080	12,48,240
PUT:	56,99,120	53,71,240	3,27,880
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	11,19,580	83,300	10,473
13,500	10,07,720	16,660	14,975
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,100	2,43,600	2,30,020	13,335
13,000	3,47,480	1,82,980	7,920
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,300	2,95,540	-43,680	12,518
13,875	16,240	-21,980	435
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	10,07,720	16,660	14,975
13,200	2,87,980	1,40,140	14,917
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	6,59,540	-56,840	19,395
12,500	5,22,200	37,940	8,905
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,100	1,59,460	78,400	10,414
12,600	1,69,680	58,660	2,631
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,000	6,59,540	-56,840	19,395
13,400	2,54,800	-56,700	1,542
Top PUT Volume:
Strike	OI	OI Change	Volume
13,000	6,59,540	-56,840	19,395
13,200	1,59,600	-41,720	10,940

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

This session’s Open Interest Volume Analysis highlights a market that’s consolidating with a clear bearish tilt. For Nifty, the 25,200–25,250 zone is the battleground—expect volatility if this support cracks, with the next downside at 25,000 and resistance at 25,500–25,700 due to heavy call writing. For actionable trades, neutral-to-bearish strategies like short straddles or iron condors around 25,250 may be favored, or look for quick directional plays on a break of 25,200 or 25,500. BankNifty’s 56,800–57,000 range is equally pivotal, with strong resistance at higher strikes and support at 56,000. Sectoral divergences matter: FINNIFTY’s OI drop and MIDCPNIFTY’s steady base at 13,200 could offer tactical opportunities for nimble traders. As expiry approaches, this Open Interest Volume Analysis will be your best compass 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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