NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 16/07/2025

The Open Interest Volume Analysis for 16th July 2025 highlights a market trying to stabilize ahead of the weekly expiry, though signs of hesitation are clear across indices. Nifty futures stayed almost flat, closing at 25,245.80, while open interest rose by 0.5%, suggesting mild long accumulation, but not strong enough to confirm trend reversal. The day’s standout signal was the 36-point drop in premium, reflecting nervous unwinding of previously built long positions. On the options front, the Put-Call Ratio (OI) for the weekly series improved to 0.82, supported by put additions at 25,150 while call writers braced for resistance at 25,800. Max pain remains locked at 25,200. In the monthly series, PCR (OI) also rose to 1.035, with the highest OI build happening at 25,200 for both calls and puts—indicating that the market may remain range-bound around this pivotal level heading into expiry.

Meanwhile, BankNifty futures rose modestly by 0.06% with a 1.1% OI increase, even as its premium dropped substantially by 129 points. The data hints at fresh buying but with a heavy dose of hedging. The highest put addition at 57,200 aligns with the max pain rising towards 57,000, indicating strong buying interest on dips. However, there’s no clear directional conviction yet. In contrast, FINNIFTY showed signs of weakness along with rising open interest, a classic sign of fresh short interest entering the system. MIDCPNIFTY remained quiet with a -0.24% close, slight negative OI change, and a PCR (OI) drop to 0.83, suggesting the midcap support base is weakening slightly. On a brighter note, SENSEX futures saw a healthy 17.2% jump in OI and an improving PCR, showing signs of backside bidding at crucial support, especially with max pain shifting to 82,600.

NSE & BSE F&O Market Signals

NIFTY JULY Future

NIFTY Spot closed at: 25,212.05 (0.06%)

NIFTY JULY Future closed at: 25,245.80 (-0.08%)

Premium: 33.75 (Decreased by -36.05 points)

Open Interest Change: 0.5%

Volume Change: -15.9%

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

Put-Call Ratio (Open Interest): 0.820 (Increased from 0.760)

Put-Call Ratio (Volume): 0.821

Max Pain Level: 25200

Maximum CALL Open Interest: 25500

Maximum PUT Open Interest: 25000

Highest CALL Addition: 25800

Highest PUT Addition: 25150

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

Put-Call Ratio (Open Interest): 1.035 (Increased from 1.024)

Put-Call Ratio (Volume): 0.859

Max Pain Level: 25250

Maximum CALL Open Interest: 25500

Maximum PUT Open Interest: 25000

Highest CALL Addition: 25200

Highest PUT Addition: 24800

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 57,168.95 (0.28%)

BANKNIFTY JULY Future closed at: 57,265.20 (0.06%)

Premium: 96.25 (Decreased by -129.7 points)

Open Interest Change: 1.1%

Volume Change: -18.7%

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

Put-Call Ratio (Open Interest): 0.868 (Decreased from 0.894)

Put-Call Ratio (Volume): 0.842

Max Pain Level: 57000

Maximum CALL Open Interest: 56000

Maximum PUT Open Interest: 56000

Highest CALL Addition: 59500

Highest PUT Addition: 57200

FINNIFTY JULY Future

FINNIFTY Spot closed at: 26,916.40 (-0.05%)

FINNIFTY JULY Future closed at: 26,970.10 (-0.23%)

Premium:  53.7 (Decreased by -49.75 points)

Open Interest Change: 1.2%

Volume Change: -5.6%

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

Put-Call Ratio (Open Interest): 0.801 (Decreased from 0.863)

Put-Call Ratio (Volume): 0.895

Max Pain Level: 27000

Maximum CALL Open Interest: 28000

Maximum PUT Open Interest: 25000

Highest CALL Addition: 29000

Highest PUT Addition: 25500

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,323.35 (-0.14%)

MIDCPNIFTY JULY Future closed at: 13,347.95 (-0.24%)

Premium: 24.6 (Decreased by -13.45 points)

Open Interest Change: -0.4%

Volume Change: -14.4%

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

Put-Call Ratio (Open Interest): 0.830 (Decreased from 0.925)

Put-Call Ratio (Volume): 1.099

Max Pain Level: 13300

Maximum CALL Open Interest: 14000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 13750

Highest PUT Addition: 13000

SENSEX Weekly Expiry (22/07/2025) Future

SENSEX Spot closed at: 82,634.48 (0.08%)

SENSEX Weekly Future closed at: 82,684.60 (-0.03%)

Premium: 50.12 (Decreased by -86.92 points)

Open Interest Change: 17.2%

Volume Change: -14.1%

SENSEX Weekly Expiry (22/07/2025) Option Analysis

Put-Call Ratio (OI): 0.918 (Increased from 0.859)

Put-Call Ratio (Volume): 0.843

Max Pain Level: 82600

Maximum CALL OI: 85000

Maximum PUT OI: 80000

Highest CALL Addition: 85000

Highest PUT Addition: 80000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,858.15 Cr
DIIs Net BUY: ₹ 1,223.55 Cr

FII Derivatives Activity

FII Trading Stats	16.07.25	15.07.25	14.07.25
FII Cash (Provisional Data)	–1,858.15	120.47	-1,614.32
Index Future Open Interest Long Ratio	18.21%	18.67%	18.31%
Index Future Volume Long Ratio	42.27%	48.54%	31.76%
Call Option Open Interest Long Ratio	50.35%	50.42%	48.90%
Call Option Volume Long Ratio	49.99%	50.27%	49.65%
Put Option Open Interest Long Ratio	59.09%	59.71%	60.11%
Put Option Volume Long Ratio	50.02%	50.01%	49.63%
Stock Future Open Interest Long Ratio	62.42%	62.88%	62.87%
Stock Future Volume Long Ratio	45.66%	50.29%	50.00%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Fresh Long	Fresh Long	Fresh Short
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Fresh Short	Fresh Long	Fresh Short
BankNifty Futures	Short Covering	Fresh Short	Fresh Short
BankNifty Options	Fresh Long	Fresh Short	Fresh Short
FinNifty Futures	Fresh Long	Fresh Short	Fresh Short
FinNifty Options	Long Covering	Fresh Long	Fresh Short
MidcpNifty Futures	Fresh Long	Fresh Long	Fresh Short
MidcpNifty Options	Fresh Short	Fresh Short	Fresh Short
NiftyNxt50 Futures	Fresh Short	Short Covering	Short Covering
NiftyNxt50 Options	Fresh Long	Fresh Short	Short Covering
Stock Futures	Fresh Short	Fresh Long	Fresh Short
Stock Options	Fresh Long	Fresh Short	Short Covering

NSE & BSE Option market Trends : Options Insights

NIFTY weekly Expiry (17/07/2025)

The NIFTY index closed at 25212.05. The NIFTY weekly expiry for JULY 17, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.820 against previous 0.760. The 25500CE option holds the maximum open interest, followed by the 25000PE and 25200PE options. Market participants have shown increased interest with significant open interest additions in the 25150PE option, with open interest additions also seen in the 25800CE and 25250CE options. On the other hand, open interest reductions were prominent in the 26000CE, 26500CE, and 26100CE options. Trading volume was highest in the 25200CE option, followed by the 25200PE and 25150PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	17-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,212.05	0.820	0.760	0.821
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	16,61,70,675	16,55,59,725	6,10,950
PUT:	13,62,81,975	12,58,64,925	1,04,17,050
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,500	1,33,13,025	14,73,300	25,84,726
25,300	1,04,15,550	18,50,400	48,12,848
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,800	92,77,950	31,19,925	8,50,409
25,250	77,11,200	28,56,300	50,69,874
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	88,81,125	-35,75,250	9,60,150
26,500	50,08,125	-24,47,175	2,54,112
Top CALL Volume:
Strike	OI	OI Change	Volume
25,200	93,80,625	-3,55,725	85,67,287
25,250	77,11,200	28,56,300	50,69,874
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	1,17,22,800	12,17,250	33,99,451
25,200	1,12,08,225	22,25,400	71,26,791
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,150	80,88,300	34,49,850	55,58,259
25,200	1,12,08,225	22,25,400	71,26,791
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	52,42,425	-9,93,675	3,19,694
24,200	22,76,250	-8,82,150	2,07,872
Top PUT Volume:
Strike	OI	OI Change	Volume
25,200	1,12,08,225	22,25,400	71,26,791
25,150	80,88,300	34,49,850	55,58,259

SENSEX weekly Expiry (22/07/2025)

The SENSEX index closed at 82634.48. The SENSEX weekly expiry for JULY 22, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.918 against previous 0.859. The 85000CE option holds the maximum open interest, followed by the 80000PE and 82500PE options. Market participants have shown increased interest with significant open interest additions in the 85000CE option, with open interest additions also seen in the 80000PE and 84500CE options. On the other hand, open interest reductions were prominent in the 83600PE, 84000PE, and 81800CE options. Trading volume was highest in the 82500PE option, followed by the 82500CE and 82600CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	22-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
82634.48	0.918	0.859	0.843
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	64,02,780	27,25,649	36,77,131
PUT:	58,78,960	23,40,700	35,38,260
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	6,57,860	3,59,100	61,86,060
84500	4,43,980	2,80,480	44,46,940
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
85000	6,57,860	3,59,100	61,86,060
84500	4,43,980	2,80,480	44,46,940
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
81800	2,200	-1,140	35,700
77000	2,040	-100	100
Top CALL Volume:
Strike	OI	OI Change	Volume
82500	4,21,480	1,08,220	1,23,29,920
82600	1,51,100	88,400	83,97,680
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	5,79,940	3,57,280	40,87,460
82500	5,21,440	1,10,860	1,24,89,260
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80000	5,79,940	3,57,280	40,87,460
79000	3,21,700	2,08,500	25,74,040
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
83600	6,680	-5,380	13,060
84000	45,960	-2,820	12,900
Top PUT Volume:
Strike	OI	OI Change	Volume
82500	5,21,440	1,10,860	1,24,89,260
82400	1,74,580	1,35,880	75,85,200

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25212.05. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.035 against previous 1.024. The 25000PE 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 24800PE option, with open interest additions also seen in the 25200CE and 25200PE options. On the other hand, open interest reductions were prominent in the 25000CE, 25800CE, and 25000PE options. Trading volume was highest in the 25000PE option, followed by the 25500CE and 25200CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,212.05	1.035	1.024	0.859
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,42,44,150	4,32,93,825	9,50,325
PUT:	4,57,82,475	4,43,30,925	14,51,550
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,500	51,64,575	1,12,425	74,396
26,000	48,58,575	1,30,350	60,481
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,200	17,77,050	3,96,675	68,185
25,600	26,31,600	1,85,175	34,013
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	30,61,950	-2,76,150	36,731
25,800	15,78,600	-1,91,925	38,570
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	51,64,575	1,12,425	74,396
25,200	17,77,050	3,96,675	68,185
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	58,49,400	-1,42,350	94,094
24,500	30,73,575	-68,550	45,660
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,800	26,74,425	8,90,400	46,549
25,200	17,81,025	2,69,925	55,803
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	58,49,400	-1,42,350	94,094
24,400	7,84,500	-88,050	11,568
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	58,49,400	-1,42,350	94,094
25,200	17,81,025	2,69,925	55,803

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 57168.95. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.868 against previous 0.894. 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 57200PE option, with open interest additions also seen in the 57000PE and 54500PE options. On the other hand, open interest reductions were prominent in the 61000CE, 56900CE, and 53500PE options. Trading volume was highest in the 57000CE option, followed by the 57000PE and 57100CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
57,168.95	0.868	0.894	0.842
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,73,67,595	1,61,74,069	11,93,526
PUT:	1,50,79,995	1,44,58,920	6,21,075
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	13,70,215	-6,545	7,621
57,000	12,11,560	-23,310	1,77,312
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
59,500	7,75,145	69,895	26,875
59,000	9,91,620	66,220	44,246
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
61,000	7,96,530	-1,06,715	27,815
56,900	1,36,955	-52,395	30,517
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	12,11,560	-23,310	1,77,312
57,100	3,16,960	6,755	1,13,069
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	23,14,585	78,155	63,266
57,000	12,55,520	93,205	1,65,820
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
57,200	3,15,105	97,125	99,839
57,000	12,55,520	93,205	1,65,820
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
53,500	2,47,450	-51,520	14,985
56,500	7,53,200	-25,340	47,253
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	12,55,520	93,205	1,65,820
57,200	3,15,105	97,125	99,839

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 26916.4. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.801 against previous 0.863. The 28000CE option holds the maximum open interest, followed by the 28500CE and 27000CE options. Market participants have shown increased interest with significant open interest additions in the 25500PE option, with open interest additions also seen in the 29000CE and 28000CE options. On the other hand, open interest reductions were prominent in the 26700PE, 26900PE, and 26850PE options. Trading volume was highest in the 26900PE option, followed by the 26900CE and 27500CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,916.40	0.801	0.863	0.895
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	10,96,615	10,39,415	57,200
PUT:	8,78,735	8,96,870	-18,135
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,000	1,27,725	14,300	1,260
28,500	1,11,345	390	782
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
29,000	91,520	20,475	845
28,000	1,27,725	14,300	1,260
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,250	10,530	-5,525	583
29,500	23,465	-2,275	84
Top CALL Volume:
Strike	OI	OI Change	Volume
26,900	42,510	8,645	4,502
27,500	1,04,780	3,055	4,156
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	77,935	-5,005	335
25,500	74,880	28,145	1,153
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,500	74,880	28,145	1,153
26,950	23,920	6,825	2,333
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,700	18,265	-32,955	2,314
26,900	41,470	-13,130	4,797
Top PUT Volume:
Strike	OI	OI Change	Volume
26,900	41,470	-13,130	4,797
26,950	23,920	6,825	2,333

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13323.35. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.830 against previous 0.925. 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 13000PE option, with open interest additions also seen in the 13750CE and 13700CE options. On the other hand, open interest reductions were prominent in the 69000CE, 68500CE, and 68700PE options. Trading volume was highest in the 13300PE option, followed by the 13500CE and 13100PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,323.35	0.830	0.925	1.099
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	88,85,520	72,89,380	15,96,140
PUT:	73,77,020	67,41,000	6,36,020
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	12,47,680	1,80,180	6,908
14,500	9,83,640	1,76,820	4,365
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,750	3,01,560	2,74,400	3,146
13,700	6,05,220	2,44,300	8,902
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,100	1,54,840	-31,640	716
14,400	39,620	-9,380	370
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	8,78,640	82,460	16,980
13,350	1,93,620	1,01,640	11,691
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	9,83,920	2,94,000	12,323
12,500	4,93,360	-22,540	5,012
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,000	9,83,920	2,94,000	12,323
12,800	3,86,820	1,33,700	6,983
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,200	2,60,820	-64,680	8,184
12,700	2,21,900	-53,760	4,049
Top PUT Volume:
Strike	OI	OI Change	Volume
13,300	3,86,540	-6,440	17,812
13,100	3,37,260	81,900	12,750

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

This session’s Open Interest Volume Analysis confirms that the market is in a wait-and-watch phase, with cautious optimism returning, especially in large caps, while traders remain defensive in broader segments. For Nifty, the 25,150–25,250 zone will be crucial on expiry day. A close above 25,300 could trigger minor short-covering toward 25,450, whereas any breach below 25,150 opens the path to retest 25,000. Traders can look at deploying short straddles if Nifty consolidates near 25,200 or initiate directional trades only on a confirmed breakout from the current range.

BankNifty traders should focus on the 57,000 handle where max pain and put support converge; long setups can be considered if it crosses 57,300 with strength. Short trades may be triggered below 56,800. Sectorally, midcaps are losing downward steam, offering intraday scalping setups rather than swing trades. The SENSEX data looks more constructive than most, with improving PCRs and OI—momentum traders may find opportunity on dips near 82,400.

Heading into expiry, this Open Interest Volume Analysis serves as a key guide for positioning, especially as ranges tighten and volatility compresses. Stick with range-bound strategies unless the market gives a clear breakout signal above resistance or below support.

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.