NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 1/08/2025

The Open Interest Volume Analysis for 1st August 2025 signals a decisive breakdown in market sentiment as the post-expiry hangover transitions into aggressive risk re-pricing. Nifty July futures slid sharply by 0.98% to 24,627.20, even as open interest spiked 8.3% and volumes tumbled by 35%—a clear indication of fresh short builds on rising pessimism amid lower liquidity. The collapse in the futures premium by over 41 points adds to the bearish tone, showing traders have no appetite for long risk and are aggressively hedging on further declines. On the options front, the alarm bells are ringing: the weekly Put-Call Ratio (OI) plummeted to 0.570 as call writers swamped strikes up to 25,000, and new put writing retreated further to 24,200, making 24,700 the max pain magnet for the coming week. The monthly series remains marginally constructive with a PCR above 1, but heavy OI and additions at the 25,000 strike telegraph that any upward move will face repeated resistance.

BankNifty mirrored the carnage, dropping 0.71% amid a massive 16% surge in open interest and premium collapse—classic signs of fresh shorts piling on while bullish hands sit out. Option PCR also slid, and heavy OI at strikes from 56,000 down to 54,000 points to further downside hedging, with max pain shifting lower. Broader indices such as FINNIFTY and MIDCPNIFTY also closed in the red, with heavy futures unwinding in the latter and a short-covering dip in FINNIFTY, while their PCRs show divergent but overall heavy risk aversion. SENSEX continues its defensive stance, with a nearly 9% OI jump on the weekly future as market-makers price in more turbulence around the 80,900 max pain level.

NSE & BSE F&O Market Signals

NIFTY AUGUST Future

NIFTY Spot closed at: 24,565.35 (-0.82%)

NIFTY AUGUST Future closed at: 24,627.20 (-0.98%)

Premium: 61.85 (Decreased by -41.4 points)

Open Interest Change: 8.3%

Volume Change: -34.9%

NIFTY Weekly Expiry (7/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.570 (Decreased from 0.909)

Put-Call Ratio (Volume): 0.977

Max Pain Level: 24700

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24200

Highest CALL Addition: 24800

Highest PUT Addition: 24200

NIFTY Monthly Expiry (28/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.023 (Decreased from 1.075)

Put-Call Ratio (Volume): 0.888

Max Pain Level: 25000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 25000

Highest CALL Addition: 25000

Highest PUT Addition: 24700

BANKNIFTY AUGUST Future

BANKNIFTY Spot closed at: 55,617.60 (-0.62%)

BANKNIFTY AUGUST Future closed at: 55,794.20 (-0.71%)

Premium: 176.6 (Decreased by -55.45 points)

Open Interest Change: 16.0%

Volume Change: -42.1%

BANKNIFTY Monthly Expiry  (28/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.865 (Decreased from 0.904)

Put-Call Ratio (Volume): 1.021

Max Pain Level: 56200

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 57000

Highest CALL Addition: 56000

Highest PUT Addition: 54000

FINNIFTY AUGUST Future

FINNIFTY Spot closed at: 26,492.50 (-0.59%)

FINNIFTY AUGUST Future closed at: 26,569.60 (-0.60%)

Premium:  77.1 (Decreased by -3.95 points)

Open Interest Change: -2.6%

Volume Change: -63.6%

FINNIFTY Monthly Expiry  (28/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.271 (Increased from 1.035)

Put-Call Ratio (Volume): 1.014

Max Pain Level: 26650

Maximum CALL Open Interest: 27000

Maximum PUT Open Interest: 26000

Highest CALL Addition: 27000

Highest PUT Addition: 26000

MIDCPNIFTY AUGUST Future

MIDCPNIFTY Spot closed at: 12,668.25 (-1.55%)

MIDCPNIFTY AUGUST Future closed at: 12,687.80 (-1.80%)

Premium: 19.55 (Decreased by -34 points)

Open Interest Change: 3.7%

Volume Change: -49.3%

MIDCPNIFTY Monthly Expiry  (28/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.010 (Decreased from 1.199)

Put-Call Ratio (Volume): 0.868

Max Pain Level: 12800

Maximum CALL Open Interest: 13000

Maximum PUT Open Interest: 12000

Highest CALL Addition: 12800

Highest PUT Addition: 12000

SENSEX Weekly Expiry (5/08/2025) Future

SENSEX Spot closed at: 80,599.91 (-0.72%)

SENSEX Weekly Future closed at: 80,596.20 (-0.83%)

Discount: -3.71 (Decreased by -88.43 points)

Open Interest Change: 8.7%

Volume Change: -5.7%

SENSEX Weekly Expiry (5/08/2025) Option Analysis

Put-Call Ratio (OI): 0.591 (Decreased from 1.062)

Put-Call Ratio (Volume): 1.028

Max Pain Level: 80900

Maximum CALL OI: 81000

Maximum PUT OI: 78000

Highest CALL Addition: 81000

Highest PUT Addition: 78000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 3,366.40 Cr
DIIs Net BUY: ₹ 3,186.86 Cr

FII Derivatives Activity

FII Trading Stats	1.08.25	31.07.25	30.07.25
FII Cash (Provisional Data)	-3,366.40	-5,588.91	-850.04
Index Future Open Interest Long Ratio	8.60%	9.59%	14.06%
Index Future Volume Long Ratio	26.03%	47.41%	48.72%
Call Option Open Interest Long Ratio	43.99%	45.45%	47.38%
Call Option Volume Long Ratio	49.56%	50.05%	49.81%
Put Option Open Interest Long Ratio	66.13%	69.51%	57.59%
Put Option Volume Long Ratio	50.18%	50.03%	49.57%
Stock Future Open Interest Long Ratio	62.15%	62.50%	62.16%
Stock Future Volume Long Ratio	47.13%	49.09%	49.95%
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	Short Covering	Fresh Short
BankNifty Options	Fresh Long	Short Covering	Fresh Short
FinNifty Futures	Long Covering	Fresh Long	Long Covering
FinNifty Options	Fresh Short	Long Covering	Long Covering
MidcpNifty Futures	Fresh Short	Long Covering	Long Covering
MidcpNifty Options	Fresh Long	Long Covering	Long Covering
NiftyNxt50 Futures	Fresh Short	Long Covering	Fresh Short
NiftyNxt50 Options	Fresh Short	Long Covering	Fresh Short
Stock Futures	Long Covering	Long Covering	Fresh Short
Stock Options	Fresh Long	Long Covering	Long Covering

NSE & BSE Option market Trends : Options Insights

NIFTY Weekly Expiry (7/08/2025)

The NIFTY index closed at 24565.35. The NIFTY weekly expiry for AUGUST 7, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.570 against previous 0.909. The 25000CE option holds the maximum open interest, followed by the 26000CE and 24800CE options. Market participants have shown increased interest with significant open interest additions in the 24800CE option, with open interest additions also seen in the 24700CE and 25000CE options. On the other hand, open interest reductions were prominent in the 24800PE, 24850PE, and 24900PE options. Trading volume was highest in the 24700PE option, followed by the 24700CE and 24600PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	07-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,565.35	0.570	0.909	0.977
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	14,38,00,950	6,20,24,700	8,17,76,250
PUT:	8,19,69,450	5,64,07,500	2,55,61,950
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,09,20,300	59,40,825	24,25,575
26,000	95,65,350	42,36,975	6,77,378
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,800	94,56,675	65,22,750	28,48,811
24,700	74,89,350	61,75,275	32,93,906
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,000	12,525	-900	85
23,700	6,525	-300	130
Top CALL Volume:
Strike	OI	OI Change	Volume
24,700	74,89,350	61,75,275	32,93,906
24,800	94,56,675	65,22,750	28,48,811
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,200	62,55,375	36,62,175	10,35,551
23,500	61,46,475	21,30,300	4,54,626
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,200	62,55,375	36,62,175	10,35,551
23,500	61,46,475	21,30,300	4,54,626
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,800	26,15,700	-6,32,475	12,77,480
24,850	5,18,250	-4,80,300	2,28,340
Top PUT Volume:
Strike	OI	OI Change	Volume
24,700	34,90,875	3,12,825	36,23,841
24,600	39,52,125	8,82,075	31,36,571

SENSEX Weekly Expiry (5/08/2025)

The SENSEX index closed at 80599.91. The SENSEX weekly expiry for AUGUST 5, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.591 against previous 1.062. The 81000CE option holds the maximum open interest, followed by the 83000CE and 82000CE options. Market participants have shown increased interest with significant open interest additions in the 81000CE option, with open interest additions also seen in the 83000CE and 82000CE options. On the other hand, open interest reductions were prominent in the 76000PE, 81500PE, and 81200PE options. Trading volume was highest in the 81000PE option, followed by the 81000CE and 80000PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	05-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80599.91	0.591	1.062	1.028
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,13,29,920	89,84,720	1,23,45,200
PUT:	1,26,09,200	95,38,569	30,70,631
Top CALL Open Interest:
Strike	OI	OI Change	Volume
81000	16,30,300	13,53,660	4,99,92,620
83000	15,91,060	9,85,940	1,94,04,060
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
81000	16,30,300	13,53,660	4,99,92,620
83000	15,91,060	9,85,940	1,94,04,060
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
85500	1,47,180	-75,220	19,58,460
90000	46,680	-30,920	3,74,900
Top CALL Volume:
Strike	OI	OI Change	Volume
81000	16,30,300	13,53,660	4,99,92,620
82000	14,25,280	9,30,020	3,69,02,380
Top PUT Open Interest:
Strike	OI	OI Change	Volume
78000	10,35,900	4,15,340	91,86,520
79000	8,31,280	3,89,540	1,76,94,820
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
78000	10,35,900	4,15,340	91,86,520
77000	7,84,500	4,13,780	48,26,940
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
76000	2,19,820	-2,53,980	24,90,580
81500	1,54,440	-1,63,760	40,73,080
Top PUT Volume:
Strike	OI	OI Change	Volume
81000	5,88,960	-37,460	5,24,23,740
80000	5,68,600	89,380	4,52,21,420

NIFTY Monthly Expiry (28/08/2025)

The NIFTY index closed at 24565.35. The NIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.023 against previous 1.075. The 25000CE option holds the maximum open interest, followed by the 26000CE and 25000PE options. Market participants have shown increased interest with significant open interest additions in the 25000CE option, with open interest additions also seen in the 24700CE and 24700PE options. On the other hand, open interest reductions were prominent in the 25000PE, 25100PE, and 25300PE options. Trading volume was highest in the 25000CE option, followed by the 25500CE and 24000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,565.35	1.023	1.075	0.888
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,62,45,550	3,03,54,150	58,91,400
PUT:	3,70,84,800	3,26,23,575	44,61,225
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	55,63,575	9,24,825	97,002
26,000	41,50,200	3,48,375	52,789
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,000	55,63,575	9,24,825	97,002
24,700	10,34,550	7,36,500	46,310
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,750	53,025	-10,350	2,243
27,050	18,225	-4,425	163
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	55,63,575	9,24,825	97,002
25,500	38,32,725	1,06,575	82,730
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	39,03,600	-1,31,475	38,428
24,000	38,90,475	3,88,575	75,249
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,700	13,20,000	6,00,825	56,969
24,000	38,90,475	3,88,575	75,249
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	39,03,600	-1,31,475	38,428
25,100	6,45,075	-28,725	3,559
Top PUT Volume:
Strike	OI	OI Change	Volume
24,000	38,90,475	3,88,575	75,249
24,500	26,43,525	3,15,825	74,929

BANKNIFTY Monthly Expiry (28/08/2025)

The BANKNIFTY index closed at 55617.6. The BANKNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.865 against previous 0.904. The 57000CE option holds the maximum open interest, followed by the 57000PE and 56000PE options. Market participants have shown increased interest with significant open interest additions in the 56000CE option, with open interest additions also seen in the 57000CE and 54000PE options. On the other hand, open interest reductions were prominent in the 56500PE, 64500CE, and 63000CE options. Trading volume was highest in the 56000PE option, followed by the 56000CE and 55800PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,617.60	0.865	0.904	1.021
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,14,29,425	88,89,274	25,40,151
PUT:	98,92,015	80,33,235	18,58,780
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	20,87,260	2,27,290	93,841
56,000	9,05,940	3,68,830	1,59,761
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
56,000	9,05,940	3,68,830	1,59,761
57,000	20,87,260	2,27,290	93,841
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
64,500	21,665	-17,920	3,955
63,000	1,70,205	-12,565	9,870
Top CALL Volume:
Strike	OI	OI Change	Volume
56,000	9,05,940	3,68,830	1,59,761
57,000	20,87,260	2,27,290	93,841
Top PUT Open Interest:
Strike	OI	OI Change	Volume
57,000	14,18,585	-11,585	19,261
56,000	9,39,575	1,98,100	1,63,459
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
54,000	7,46,270	2,14,655	58,554
56,000	9,39,575	1,98,100	1,63,459
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
56,500	3,26,900	-30,800	23,413
57,000	14,18,585	-11,585	19,261
Top PUT Volume:
Strike	OI	OI Change	Volume
56,000	9,39,575	1,98,100	1,63,459
55,800	1,95,895	1,08,780	1,43,115

FINNIFTY Monthly Expiry (28/08/2025)

The FINNIFTY index closed at 26492.5. The FINNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.271 against previous 1.035. The 26000PE option holds the maximum open interest, followed by the 27000CE and 26600PE options. Market participants have shown increased interest with significant open interest additions in the 26000PE option, with open interest additions also seen in the 27000CE and 26600PE options. On the other hand, open interest reductions were prominent in the 27750CE, 27750CE, and 27750CE options. Trading volume was highest in the 27000CE option, followed by the 26600PE and 26000PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,492.50	1.271	1.035	1.014
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,72,740	58,955	2,13,785
PUT:	3,46,775	61,035	2,85,740
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,000	62,985	50,635	8,567
26,600	27,170	24,765	3,209
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,000	62,985	50,635	8,567
26,600	27,170	24,765	3,209
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
–	–	–	–
–	–	–	–
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	62,985	50,635	8,567
26,700	25,090	22,035	3,989
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	80,665	69,680	4,348
26,600	39,455	36,140	4,690
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,000	80,665	69,680	4,348
26,600	39,455	36,140	4,690
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
–	–	–	–
–	–	–	–
Top PUT Volume:
Strike	OI	OI Change	Volume
26,600	39,455	36,140	4,690
26,000	80,665	69,680	4,348

MIDCPNIFTY Monthly Expiry (28/08/2025)

The MIDCPNIFTY index closed at 12668.25. The MIDCPNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.010 against previous 1.199. The 12000PE option holds the maximum open interest, followed by the 13000CE and 12500PE options. Market participants have shown increased interest with significant open interest additions in the 12000PE option, with open interest additions also seen in the 12800CE and 13000CE options. On the other hand, open interest reductions were prominent in the 76000PE, 76000PE, and 76000PE options. Trading volume was highest in the 12800PE option, followed by the 13000CE and 12800CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,668.25	1.010	1.199	0.868
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	32,38,480	14,86,380	17,52,100
PUT:	32,71,660	17,82,480	14,89,180
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,000	4,33,020	1,95,440	16,389
13,500	3,63,440	1,87,460	13,581
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
12,800	2,35,200	2,00,200	16,381
13,000	4,33,020	1,95,440	16,389
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
12,000	76,440	-58,940	920
11,500	11,620	-140	1
Top CALL Volume:
Strike	OI	OI Change	Volume
13,000	4,33,020	1,95,440	16,389
12,800	2,35,200	2,00,200	16,381
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	7,45,920	2,03,980	10,270
12,500	4,12,020	1,45,460	10,853
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,000	7,45,920	2,03,980	10,270
12,400	2,22,600	1,75,700	4,797
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,000	2,38,980	-35,420	3,161
12,900	1,12,420	-10,360	4,729
Top PUT Volume:
Strike	OI	OI Change	Volume
12,800	1,31,880	89,740	17,647
12,500	4,12,020	1,45,460	10,853

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

Today’s Open Interest Volume Analysis confirms the bears are firmly in control, with nearly every indicator—from steep open interest and premium drops in Nifty and BankNifty futures, to aggressive call writing and risk-off put positioning—pointing to continued volatility and downside pressure. For Nifty, the region between 24,700 (max pain) and 25,000 (major call OI) sets the likely expiry band, and only a convincing close above 25,000 would hint at a reversal. Until then, the odds favor drift or even sharper sell-offs toward the next big support at 24,200.

For actionable trades, bearish and range-bound setups like credit call spreads at 25,000, or iron condors centered around 24,700, will yield the best risk-adjusted returns. BankNifty’s eruption in OI and premium collapse makes it a prime candidate for short-side setups, but keep position sizes disciplined given ongoing volatility spikes. Traders should remain hedge-focused, quickly locking profits and not overstaying risk as institutional selling and lack of retail participation drive the tape. Let this Open Interest Volume Analysis guide your trading compass: stay cautious, react swiftly to sharp moves, and wait for clear signals before betting on a sustained reversal.

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