NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 11/08/2025

The Open Interest Volume Analysis for 11th August 2025 highlights a much-needed bounce in Indian markets, as indices finally found their footing after a stretch of downward pressure. Nifty August futures rose 0.76% to 24,627.90, but what stands out is the 1.9% drop in open interest and a sharp fall in futures premium by nearly 35 points—clear signs of aggressive short covering and profit booking from recent bears.

Weekly options data reinforce this shift: the Put-Call Ratio (OI) almost doubled to 0.998, marking a return of balance as put writers stepped back in around the 24,400–24,550 area, with max pain now centered at 24,550. Monthlies echoed this stabilization, with the PCR inching up to 0.988 and the 24,800–25,000 zone emerging as overhead resistance. Overall, the derivatives landscape paints a picture of a market moving out of “risk-off mode” and into a tactical, range-bound phase as traders unwind bearish bets and cautiously watch for a trend change.

BankNifty followed suit, gaining 0.68% with a 3.7% reduction in open interest and a dramatic drop in premium, again underscoring short covering rather than any large-scale bullish buildup. FINNIFTY and MIDCPNIFTY both gained nearly 1%, with FINNIFTY showing near-flat OI and midcaps seeing fresh long interest, as reflected in their higher PCRs. SENSEX futures also rebounded with a significant OI drop, and weekly options now indicate rising confidence—with PCR above 1.12 and call/put interest packed at key expiry pivots.

NSE & BSE F&O Market Signals

NIFTY AUGUST Future

NIFTY Spot closed at: 24,585.05 (0.91%)

NIFTY AUGUST Future closed at: 24,627.90 (0.76%)

Premium: 42.85 (Decreased by -34.95 points)

Open Interest Change: -1.9%

Volume Change: -20.2%

NIFTY Weekly Expiry (14/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.998 (Increased from 0.476)

Put-Call Ratio (Volume): 0.884

Max Pain Level: 24550

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 23500

Highest CALL Addition: 25050

Highest PUT Addition: 24400

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

Put-Call Ratio (Open Interest): 0.988 (Increased from 0.936)

Put-Call Ratio (Volume): 0.894

Max Pain Level: 24900

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24800

Highest PUT Addition: 24300

BANKNIFTY AUGUST Future

BANKNIFTY Spot closed at: 55,510.75 (0.92%)

BANKNIFTY AUGUST Future closed at: 55,540.00 (0.68%)

Premium: 29.25 (Decreased by -131.85 points)

Open Interest Change: -3.7%

Volume Change: -6.8%

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

Put-Call Ratio (Open Interest): 0.757 (Increased from 0.708)

Put-Call Ratio (Volume): 0.711

Max Pain Level: 55800

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 57000

Highest CALL Addition: 63000

Highest PUT Addition: 52500

FINNIFTY AUGUST Future

FINNIFTY Spot closed at: 26,405.80 (0.91%)

FINNIFTY AUGUST Future closed at: 26,411.40 (0.64%)

Premium:  5.6 (Decreased by -69.55 points)

Open Interest Change: 0.5%

Volume Change: -49.1%

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

Put-Call Ratio (Open Interest): 0.746 (Increased from 0.603)

Put-Call Ratio (Volume): 0.643

Max Pain Level: 26500

Maximum CALL Open Interest: 27900

Maximum PUT Open Interest: 26000

Highest CALL Addition: 27000

Highest PUT Addition: 26000

MIDCPNIFTY AUGUST Future

MIDCPNIFTY Spot closed at: 12,610.50 (0.83%)

MIDCPNIFTY AUGUST Future closed at: 12,658.50 (0.82%)

Premium: 48 (Decreased by -1.85 points)

Open Interest Change: 4.5%

Volume Change: -12.0%

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

Put-Call Ratio (Open Interest): 0.865 (Increased from 0.840)

Put-Call Ratio (Volume): 0.722

Max Pain Level: 12700

Maximum CALL Open Interest: 13000

Maximum PUT Open Interest: 12000

Highest CALL Addition: 14000

Highest PUT Addition: 12550

SENSEX Weekly Expiry (12/08/2025) Future

SENSEX Spot closed at: 80,604.08 (0.93%)

SENSEX Weekly Future closed at: 80,546.60 (0.70%)

Discount: -57.48 (Decreased by -185.29 points)

Open Interest Change: -32.8%

Volume Change: 79.0%

SENSEX Weekly Expiry (12/08/2025) Option Analysis

Put-Call Ratio (OI): 1.129 (Increased from 0.551)

Put-Call Ratio (Volume): 0.910

Max Pain Level: 80500

Maximum CALL OI: 82000

Maximum PUT OI: 79000

Highest CALL Addition: 82000

Highest PUT Addition: 79000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,202.65 Cr
DIIs Net BUY: ₹ 5,972.36 Cr

FII Derivatives Activity

FII Trading Stats	11.08.25	8.08.25	7.08.25
FII Cash (Provisional Data)	-1,202.65	1,932.81	-4,997.19
Index Future Open Interest Long Ratio	8.45%	8.28%	8.59%
Index Future Volume Long Ratio	55.96%	36.17%	42.00%
Call Option Open Interest Long Ratio	45.29%	44.40%	45.57%
Call Option Volume Long Ratio	50.29%	49.47%	50.20%
Put Option Open Interest Long Ratio	64.22%	70.86%	70.48%
Put Option Volume Long Ratio	49.38%	50.40%	49.88%
Stock Future Open Interest Long Ratio	61.80%	61.54%	61.97%
Stock Future Volume Long Ratio	53.53%	46.60%	51.07%
Index Futures	Short Covering	Fresh Short	Fresh Short
Index Options	Fresh Short	Fresh Short	Short Covering
Nifty Futures	Short Covering	Fresh Short	Fresh Short
Nifty Options	Fresh Short	Fresh Long	Short Covering
BankNifty Futures	Short Covering	Fresh Short	Fresh Long
BankNifty Options	Fresh Long	Fresh Short	Fresh Long
FinNifty Futures	Fresh Long	Long Covering	Long Covering
FinNifty Options	Fresh Long	Fresh Short	Fresh Short
MidcpNifty Futures	Fresh Short	Long Covering	Fresh Short
MidcpNifty Options	Fresh Short	Fresh Short	Short Covering
NiftyNxt50 Futures	Fresh Long	Fresh Short	Fresh Short
NiftyNxt50 Options	Fresh Long	Fresh Short	Fresh Long
Stock Futures	Fresh Long	Long Covering	Fresh Long
Stock Options	Fresh Long	Fresh Long	Fresh Short

Fresh Long: increase in open interest and increase in price
Fresh Short: increase in open interest and decrease in price
Short Covering: decrease in open interest and increase in price
Long Covering: decrease in open interest and decrease in price

NSE & BSE Option market Trends : Options Insights

NIFTY Weekly Expiry (14/08/2025)

The NIFTY index closed at 24585.05. The NIFTY weekly expiry for AUGUST 14, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.998 against previous 0.476. The 25000CE option holds the maximum open interest, followed by the 23500PE and 24400PE options. Market participants have shown increased interest with significant open interest additions in the 24400PE option, with open interest additions also seen in the 23500PE and 24500PE options. On the other hand, open interest reductions were prominent in the 24500CE, 24600CE, and 24400CE options. Trading volume was highest in the 24500CE option, followed by the 24400PE and 24600CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	14-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,585.05	0.998	0.476	0.884
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	14,10,56,625	16,96,17,000	-2,85,60,375
PUT:	14,07,24,975	8,07,42,750	5,99,82,225
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,09,43,850	-14,76,225	13,90,652
25,500	93,40,200	-4,31,775	5,67,769
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,050	26,22,450	5,57,925	4,09,848
27,100	25,36,800	1,79,700	78,082
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,500	53,10,000	-57,46,050	40,62,247
24,600	82,31,775	-22,17,075	30,89,063
Top CALL Volume:
Strike	OI	OI Change	Volume
24,500	53,10,000	-57,46,050	40,62,247
24,600	82,31,775	-22,17,075	30,89,063
Top PUT Open Interest:
Strike	OI	OI Change	Volume
23,500	99,94,500	47,31,225	6,23,476
24,400	96,03,600	57,13,575	37,23,837
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,400	96,03,600	57,13,575	37,23,837
23,500	99,94,500	47,31,225	6,23,476
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,200	19,20,450	-12,54,525	2,57,588
24,900	4,10,625	-66,225	11,437
Top PUT Volume:
Strike	OI	OI Change	Volume
24,400	96,03,600	57,13,575	37,23,837
24,500	91,35,975	43,49,850	26,27,733

SENSEX Weekly Expiry (12/08/2025)

The SENSEX index closed at 80604.08. The SENSEX weekly expiry for AUGUST 12, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.129 against previous 0.551. The 82000CE option holds the maximum open interest, followed by the 79000PE and 78000PE options. Market participants have shown increased interest with significant open interest additions in the 79000PE option, with open interest additions also seen in the 79500PE and 78000PE options. On the other hand, open interest reductions were prominent in the 80000CE, 82500CE, and 80100CE options. Trading volume was highest in the 80000PE option, followed by the 80500CE and 81000CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	12-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80604.08	1.129	0.551	0.910
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,42,56,800	2,63,29,760	-20,72,960
PUT:	2,73,95,440	1,45,06,140	1,28,89,300
Top CALL Open Interest:
Strike	OI	OI Change	Volume
82000	21,06,900	6,47,760	2,48,17,840
81000	17,38,560	22,600	8,56,05,700
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
82000	21,06,900	6,47,760	2,48,17,840
81400	8,69,820	5,27,600	1,86,53,220
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
80000	3,54,700	-8,87,440	5,57,36,240
82500	10,53,460	-5,75,840	1,31,53,060
Top CALL Volume:
Strike	OI	OI Change	Volume
80500	11,53,920	-2,37,340	9,17,27,180
81000	17,38,560	22,600	8,56,05,700
Top PUT Open Interest:
Strike	OI	OI Change	Volume
79000	20,82,940	14,02,820	5,12,76,020
78000	19,24,620	9,13,620	1,77,91,140
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
79000	20,82,940	14,02,820	5,12,76,020
79500	16,04,140	9,64,840	5,99,39,080
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
76000	5,06,460	-1,70,740	50,40,000
75000	3,03,840	-93,220	18,44,140
Top PUT Volume:
Strike	OI	OI Change	Volume
80000	17,61,380	9,12,760	9,41,86,780
79500	16,04,140	9,64,840	5,99,39,080

NIFTY Monthly Expiry (28/08/2025)

The NIFTY index closed at 24585.05. The NIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.988 against previous 0.936. The 25000CE option holds the maximum open interest, followed by the 26000CE and 24000PE options. Market participants have shown increased interest with significant open interest additions in the 24300PE option, with open interest additions also seen in the 24000PE and 23500PE options. On the other hand, open interest reductions were prominent in the 24500CE, 24400CE, and 24600CE options. Trading volume was highest in the 25000CE option, followed by the 24000PE and 24500PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,585.05	0.988	0.936	0.894
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,27,66,575	4,41,89,925	-14,23,350
PUT:	4,22,37,450	4,13,48,400	8,89,050
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	65,78,475	-25,425	88,695
26,000	44,33,325	-1,20,525	31,448
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,800	19,84,725	63,450	34,433
25,350	1,54,350	43,500	2,769
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,500	22,53,750	-3,02,550	80,256
24,400	5,86,500	-2,48,475	43,311
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	65,78,475	-25,425	88,695
24,500	22,53,750	-3,02,550	80,256
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	42,85,350	1,86,975	85,984
24,500	37,89,825	60,000	84,387
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,300	15,42,375	2,33,550	32,529
24,000	42,85,350	1,86,975	85,984
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,600	12,01,575	-1,21,950	31,868
24,800	10,67,025	-85,425	10,134
Top PUT Volume:
Strike	OI	OI Change	Volume
24,000	42,85,350	1,86,975	85,984
24,500	37,89,825	60,000	84,387

BANKNIFTY Monthly Expiry (28/08/2025)

The BANKNIFTY index closed at 55510.75. The BANKNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.757 against previous 0.708. The 57000CE option holds the maximum open interest, followed by the 57000PE and 56000CE options. Market participants have shown increased interest with significant open interest additions in the 63000CE option, with open interest additions also seen in the 52500PE and 54900PE options. On the other hand, open interest reductions were prominent in the 59000CE, 55000CE, and 56000CE options. Trading volume was highest in the 55500CE option, followed by the 55000PE and 55200CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,510.75	0.757	0.708	0.711
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,69,60,090	1,75,02,984	-5,42,894
PUT:	1,28,45,770	1,23,83,665	4,62,105
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	22,68,420	-28,000	84,354
56,000	13,04,065	-1,23,270	1,20,433
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
63,000	4,62,945	2,86,790	15,346
65,000	4,74,600	67,585	11,718
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
59,000	5,75,715	-1,48,750	24,219
55,000	3,64,630	-1,44,235	92,704
Top CALL Volume:
Strike	OI	OI Change	Volume
55,500	9,63,620	-63,770	1,70,150
55,200	1,43,150	-72,905	1,24,500
Top PUT Open Interest:
Strike	OI	OI Change	Volume
57,000	13,23,035	-9,555	3,997
55,000	9,81,540	48,335	1,32,712
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
52,500	3,59,940	1,01,990	22,290
54,900	1,53,755	73,500	31,646
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
54,000	9,05,310	-78,330	69,214
56,000	8,44,585	-68,845	18,745
Top PUT Volume:
Strike	OI	OI Change	Volume
55,000	9,81,540	48,335	1,32,712
55,200	2,23,300	54,180	1,03,072

FINNIFTY Monthly Expiry (28/08/2025)

The FINNIFTY index closed at 26405.8. The FINNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.746 against previous 0.603. The 27900CE option holds the maximum open interest, followed by the 26500CE and 26000PE 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 26200PE options. On the other hand, open interest reductions were prominent in the 26500CE, 26300CE, and 26600CE options. Trading volume was highest in the 26500CE option, followed by the 27000CE and 26000PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,405.80	0.746	0.603	0.643
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	10,17,120	10,20,110	-2,990
PUT:	7,58,745	6,15,225	1,43,520
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,900	1,26,620	-195	200
26,500	1,20,965	-35,360	6,096
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,000	1,03,935	25,090	5,314
26,700	59,670	13,065	1,081
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	1,20,965	-35,360	6,096
26,300	16,965	-13,195	2,663
Top CALL Volume:
Strike	OI	OI Change	Volume
26,500	1,20,965	-35,360	6,096
27,000	1,03,935	25,090	5,314
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	1,07,640	37,310	3,942
26,500	66,365	-5,070	647
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,000	1,07,640	37,310	3,942
26,200	31,330	22,815	3,350
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	66,365	-5,070	647
25,500	44,330	-4,680	2,818
Top PUT Volume:
Strike	OI	OI Change	Volume
26,000	1,07,640	37,310	3,942
26,200	31,330	22,815	3,350

MIDCPNIFTY Monthly Expiry (28/08/2025)

The MIDCPNIFTY index closed at 12610.5. The MIDCPNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.865 against previous 0.840. The 12000PE option holds the maximum open interest, followed by the 13000CE and 13500CE options. Market participants have shown increased interest with significant open interest additions in the 14000CE option, with open interest additions also seen in the 12700CE and 13500CE options. On the other hand, open interest reductions were prominent in the 66000PE, 65900PE, and 57000PE options. Trading volume was highest in the 12600CE option, followed by the 12500PE and 13000CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,610.50	0.865	0.840	0.722
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	62,80,540	62,51,980	28,560
PUT:	54,29,620	52,49,160	1,80,460
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,000	7,30,800	-1,07,240	16,498
13,500	5,74,560	60,480	4,867
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,000	4,75,300	1,11,720	2,549
12,700	3,98,020	60,620	12,031
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,000	7,30,800	-1,07,240	16,498
13,800	3,05,200	-48,860	1,252
Top CALL Volume:
Strike	OI	OI Change	Volume
12,600	3,21,720	-19,180	17,696
13,000	7,30,800	-1,07,240	16,498
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	7,84,700	-31,360	8,907
12,500	5,01,760	-33,180	17,430
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,550	92,120	42,980	5,899
12,600	3,55,180	39,900	15,366
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,500	5,01,760	-33,180	17,430
12,000	7,84,700	-31,360	8,907
Top PUT Volume:
Strike	OI	OI Change	Volume
12,500	5,01,760	-33,180	17,430
12,600	3,55,180	39,900	15,366

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

This session’s Open Interest Volume Analysis confirms that bears are covering in droves, allowing markets to breathe and potentially form a near-term base. With Nifty max pain still near 24,550 and the PCR crossing close to 1, a range-bound setup is likely as both buyers and sellers recalibrate risk. For short-term traders, this is an environment to focus on neutral-to-slightly bullish options strategies—straddles or strangles near max pain, vertical call spreads between 24,600 and 24,900, or simply trailing stops on profitable long trades as the market absorbs supply. Upside will face tough resistance near 25,000 due to heavy call OI; for downside, remaining hedged below 24,400 is prudent if renewed selling emerges.

In BankNifty and midcaps, follow the open interest and volume clues—momentum trades are best taken only as new OI confirms the direction, while FINNIFTY’s muted buildup warns against expecting a sustained sectoral rally just yet. Above all, let this Open Interest Volume Analysis frame your trading plan: stick to disciplined, data-driven decisions in this transition zone, and be ready to shift gears quickly as fresh open interest and option cues shape the next trend in August.

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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