NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 12/08/2025

The Open Interest Volume Analysis for 12th August 2025 shows that the recent bounce in Indian markets has lost steam, and downside risks are making a strong return. Nifty August futures closed at 24,554.90, slipping 0.30% while open interest ticked up 0.6% and the premium jumped over 24 points—a clear sign that sellers are back, building fresh short positions even as hedging bets push up premiums. Option data underscores the swing toward caution: the weekly Put-Call Ratio (OI) fell sharply to 0.65, reflecting heavy call writing at 24,700 and limited put support, with max pain locked at 24,500 for expiry. The monthly Put-Call Ratio (OI) also softened to 0.96, while the biggest additions gravitate around 24,600—showing market participants expect price action to remain under stress unless key supports hold.

BankNifty’s picture is no brighter. The index dropped 0.84%, open interest spiked 3%, and the premium widened sharply. Monthly BankNifty options saw the PCR (OI) dip to 0.70, with big call open interest at 57,000 and bulk put writing shifting to lower levels. Both FINNIFTY and MIDCPNIFTY mirrored these trends: heavy futures discounts, rising premiums, and falling PCRs signal that bears are squeezing the tape lower while buyers stay on the sidelines. SENSEX futures add a note of caution: a steep 42% jump in open interest and a large premium expansion mean institutional players are locking in protection—and brace for volatility—as the index heads toward expiry.

NSE & BSE F&O Market Signals

NIFTY AUGUST Future

NIFTY Spot closed at: 24,487.40 (-0.40%)

NIFTY AUGUST Future closed at: 24,554.90 (-0.30%)

Premium: 67.5 (Increased by 24.65 points)

Open Interest Change: 0.6%

Volume Change: 31.2%

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

Put-Call Ratio (Open Interest): 0.646 (Decreased from 0.998)

Put-Call Ratio (Volume): 0.929

Max Pain Level: 24500

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24700

Highest PUT Addition: 24700

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

Put-Call Ratio (Open Interest): 0.957 (Decreased from 0.988)

Put-Call Ratio (Volume): 0.819

Max Pain Level: 24900

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24600

Highest PUT Addition: 24600

BANKNIFTY AUGUST Future

BANKNIFTY Spot closed at: 55,043.70 (-0.84%)

BANKNIFTY AUGUST Future closed at: 55,287.40 (-0.45%)

Premium: 243.7 (Increased by 214.45 points)

Open Interest Change: 3.0%

Volume Change: -2.6%

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

Put-Call Ratio (Open Interest): 0.702 (Decreased from 0.757)

Put-Call Ratio (Volume): 0.809

Max Pain Level: 55600

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 57000

Highest CALL Addition: 55500

Highest PUT Addition: 53000

FINNIFTY AUGUST Future

FINNIFTY Spot closed at: 26,135.30 (-1.02%)

FINNIFTY AUGUST Future closed at: 26,250.50 (-0.61%)

Premium:  115.2 (Increased by 109.6 points)

Open Interest Change: 1.7%

Volume Change: 74.5%

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

Put-Call Ratio (Open Interest): 0.634 (Decreased from 0.746)

Put-Call Ratio (Volume): 0.629

Max Pain Level: 26400

Maximum CALL Open Interest: 26500

Maximum PUT Open Interest: 26000

Highest CALL Addition: 26500

Highest PUT Addition: 25500

MIDCPNIFTY AUGUST Future

MIDCPNIFTY Spot closed at: 12,561.60 (-0.39%)

MIDCPNIFTY AUGUST Future closed at: 12,602.20 (-0.44%)

Premium: 40.6 (Decreased by -7.4 points)

Open Interest Change: 1.8%

Volume Change: -13.5%

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

Put-Call Ratio (Open Interest): 0.844 (Decreased from 0.865)

Put-Call Ratio (Volume): 0.725

Max Pain Level: 12675

Maximum CALL Open Interest: 13000

Maximum PUT Open Interest: 12000

Highest CALL Addition: 13000

Highest PUT Addition: 12000

SENSEX Monthly Expiry (24/08/2025) Future

SENSEX Spot closed at: 80,235.59 (-0.46%)

SENSEX Monthly Future closed at: 80,533.60 (-0.28%)

Premium: 298.01 (Increased by 145.64 points)

Open Interest Change: 42.1%

Volume Change: 102.1%

SENSEX Weekly Expiry (19/08/2025) Option Analysis

Put-Call Ratio (OI): 0.759 (Decreased from 0.994)

Put-Call Ratio (Volume): 0.806

Max Pain Level: 80500

Maximum CALL OI: 83000

Maximum PUT OI: 80500

Highest CALL Addition: 83000

Highest PUT Addition: 80500

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 3,398.80 Cr
DIIs Net BUY: ₹ 3,507.93 Cr

FII Derivatives Activity

FII Trading Stats	12.08.25	11.08.25	8.08.25
FII Cash (Provisional Data)	-3,398.80	-1,202.65	1,932.81
Index Future Open Interest Long Ratio	7.95%	8.45%	8.28%
Index Future Volume Long Ratio	39.49%	55.96%	36.17%
Call Option Open Interest Long Ratio	44.55%	45.29%	44.40%
Call Option Volume Long Ratio	49.83%	50.29%	49.47%
Put Option Open Interest Long Ratio	66.30%	64.22%	70.86%
Put Option Volume Long Ratio	50.18%	49.38%	50.40%
Stock Future Open Interest Long Ratio	61.79%	61.80%	61.54%
Stock Future Volume Long Ratio	50.74%	53.53%	46.60%
Index Futures	Fresh Short	Short Covering	Fresh Short
Index Options	Fresh Long	Fresh Short	Fresh Short
Nifty Futures	Fresh Short	Short Covering	Fresh Short
Nifty Options	Fresh Long	Fresh Short	Fresh Long
BankNifty Futures	Fresh Short	Short Covering	Fresh Short
BankNifty Options	Long Covering	Fresh Long	Fresh Short
FinNifty Futures	Long Covering	Fresh Long	Long Covering
FinNifty Options	Fresh Short	Fresh Long	Fresh Short
MidcpNifty Futures	Long Covering	Fresh Short	Long Covering
MidcpNifty Options	Fresh Long	Fresh Short	Fresh Short
NiftyNxt50 Futures	Long Covering	Fresh Long	Fresh Short
NiftyNxt50 Options	Fresh Long	Fresh Long	Fresh Short
Stock Futures	Fresh Long	Fresh Long	Long Covering
Stock Options	Fresh Short	Fresh Long	Fresh Long

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 24487.4. The NIFTY weekly expiry for AUGUST 14, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.646 against previous 0.998. The 25000CE option holds the maximum open interest, followed by the 24700CE and 24600CE options. Market participants have shown increased interest with significant open interest additions in the 24700CE option, with open interest additions also seen in the 25000CE and 25200CE options. On the other hand, open interest reductions were prominent in the 23500PE, 23000PE, and 22800PE options. Trading volume was highest in the 24600CE option, followed by the 24600PE and 24500PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	14-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,487.40	0.646	0.998	0.929
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	19,17,96,525	14,10,56,625	5,07,39,900
PUT:	12,39,48,750	14,07,24,975	-1,67,76,225
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,57,36,875	47,93,025	23,63,577
24,700	1,22,73,975	61,56,300	41,65,021
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,700	1,22,73,975	61,56,300	41,65,021
25,000	1,57,36,875	47,93,025	23,63,577
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,600	34,56,300	-3,81,375	3,11,774
25,500	90,48,600	-2,91,600	8,02,487
Top CALL Volume:
Strike	OI	OI Change	Volume
24,600	1,18,46,625	36,14,850	56,25,701
24,700	1,22,73,975	61,56,300	41,65,021
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	92,80,275	2,51,625	11,55,850
24,400	81,25,650	-14,77,950	28,37,674
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,700	24,21,000	8,50,875	18,33,882
23,800	54,42,375	7,07,475	8,25,614
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,500	62,74,500	-37,20,000	5,86,183
23,000	37,66,725	-27,21,150	2,64,904
Top PUT Volume:
Strike	OI	OI Change	Volume
24,600	42,77,025	94,875	49,27,138
24,500	80,62,950	-10,73,025	45,34,074

SENSEX Weekly Expiry (19/08/2025)

The SENSEX index closed at 80235.59. The SENSEX weekly expiry for AUGUST 19, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.759 against previous 0.994. The 83000CE option holds the maximum open interest, followed by the 80500CE and 81000CE options. Market participants have shown increased interest with significant open interest additions in the 83000CE option, with open interest additions also seen in the 80500CE and 81000CE options. On the other hand, open interest reductions were prominent in the 78500PE, 78600PE, and 79400CE options. Trading volume was highest in the 81000CE option, followed by the 80500PE and 80500CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	19-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80235.59	0.759	0.994	0.806
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	36,05,960	9,41,320	26,64,640
PUT:	27,35,600	9,35,880	17,99,720
Top CALL Open Interest:
Strike	OI	OI Change	Volume
83000	4,77,220	3,72,700	17,57,620
80500	4,34,140	3,51,040	23,43,980
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
83000	4,77,220	3,72,700	17,57,620
80500	4,34,140	3,51,040	23,43,980
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
79400	1,400	-820	4,760
84100	320	-280	2,320
Top CALL Volume:
Strike	OI	OI Change	Volume
81000	3,48,100	2,53,240	23,89,560
80500	4,34,140	3,51,040	23,43,980
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80500	3,28,360	2,34,220	23,86,900
80000	2,75,240	1,80,720	15,16,860
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80500	3,28,360	2,34,220	23,86,900
80000	2,75,240	1,80,720	15,16,860
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
78500	84,240	-2,220	6,70,400
78600	8,340	-840	49,640
Top PUT Volume:
Strike	OI	OI Change	Volume
80500	3,28,360	2,34,220	23,86,900
80000	2,75,240	1,80,720	15,16,860

NIFTY Monthly Expiry (28/08/2025)

The NIFTY index closed at 24487.4. The NIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.957 against previous 0.988. The 25000CE 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 24600CE option, with open interest additions also seen in the 25500CE and 24800CE options. On the other hand, open interest reductions were prominent in the 24400PE, 26000CE, and 24400CE options. Trading volume was highest in the 25000CE option, followed by the 24500PE and 24000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,487.40	0.957	0.988	0.819
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,41,76,500	4,27,66,575	14,09,925
PUT:	4,22,93,700	4,22,37,450	56,250
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	67,63,200	1,84,725	1,19,798
25,500	44,25,675	2,69,325	55,407
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,600	17,07,750	3,39,375	73,302
25,500	44,25,675	2,69,325	55,407
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	42,89,625	-1,43,700	47,581
24,400	4,87,350	-99,150	17,909
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	67,63,200	1,84,725	1,19,798
24,500	22,21,350	-32,400	75,903
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	42,61,200	-24,150	85,320
24,500	38,65,575	75,750	93,468
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,600	13,98,600	1,97,025	72,471
24,700	13,70,175	1,68,600	47,430
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,400	14,61,600	-2,23,200	48,365
23,700	4,46,325	-90,600	11,165
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	38,65,575	75,750	93,468
24,000	42,61,200	-24,150	85,320

BANKNIFTY Monthly Expiry (28/08/2025)

The BANKNIFTY index closed at 55043.7. The BANKNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.702 against previous 0.757. The 57000CE 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 55500CE option, with open interest additions also seen in the 56000CE and 55000CE options. On the other hand, open interest reductions were prominent in the 58500CE, 54000PE, and 59500CE options. Trading volume was highest in the 55500CE option, followed by the 55500PE and 55000PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,043.70	0.702	0.757	0.809
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,88,16,000	1,69,60,090	18,55,910
PUT:	1,32,04,730	1,28,45,770	3,58,960
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	23,81,645	1,13,225	88,980
56,000	14,77,630	1,73,565	1,20,896
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
55,500	12,12,785	2,49,165	1,83,572
56,000	14,77,630	1,73,565	1,20,896
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
58,500	4,25,215	-39,130	30,510
59,500	2,66,350	-28,980	17,361
Top CALL Volume:
Strike	OI	OI Change	Volume
55,500	12,12,785	2,49,165	1,83,572
56,000	14,77,630	1,73,565	1,20,896
Top PUT Open Interest:
Strike	OI	OI Change	Volume
57,000	13,22,300	-735	4,078
55,000	9,80,910	-630	1,38,736
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
53,000	5,17,510	66,220	38,070
51,000	2,99,530	53,515	15,855
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
54,000	8,72,340	-32,970	66,301
56,600	44,835	-20,125	777
Top PUT Volume:
Strike	OI	OI Change	Volume
55,500	8,64,500	7,315	1,43,215
55,000	9,80,910	-630	1,38,736

FINNIFTY Monthly Expiry (28/08/2025)

The FINNIFTY index closed at 26135.3. The FINNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.634 against previous 0.746. The 26500CE option holds the maximum open interest, followed by the 27900CE and 27000CE options. Market participants have shown increased interest with significant open interest additions in the 26500CE option, with open interest additions also seen in the 26700CE and 25500PE options. On the other hand, open interest reductions were prominent in the 26000PE, 26200PE, and 26250PE options. Trading volume was highest in the 26700CE option, followed by the 27000CE and 26500CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,135.30	0.634	0.746	0.629
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	12,22,195	10,17,120	2,05,075
PUT:	7,74,540	7,58,745	15,795
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,500	1,61,200	40,235	6,517
27,900	1,21,810	-4,810	213
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,500	1,61,200	40,235	6,517
26,700	96,850	37,180	7,957
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,900	1,21,810	-4,810	213
29,000	12,870	-2,405	88
Top CALL Volume:
Strike	OI	OI Change	Volume
26,700	96,850	37,180	7,957
27,000	1,17,390	13,455	6,733
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	93,145	-14,495	5,387
25,500	77,415	33,085	4,074
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,500	77,415	33,085	4,074
26,350	13,000	4,940	873
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	93,145	-14,495	5,387
26,200	18,265	-13,065	3,196
Top PUT Volume:
Strike	OI	OI Change	Volume
26,000	93,145	-14,495	5,387
25,500	77,415	33,085	4,074

MIDCPNIFTY Monthly Expiry (28/08/2025)

The MIDCPNIFTY index closed at 12561.6. The MIDCPNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.844 against previous 0.865. The 13000CE option holds the maximum open interest, followed by the 12000PE and 13500CE options. Market participants have shown increased interest with significant open interest additions in the 13000CE option, with open interest additions also seen in the 12000PE and 11200PE options. On the other hand, open interest reductions were prominent in the 66200PE, 66600CE, and 66600CE options. Trading volume was highest in the 13000CE option, followed by the 12600PE and 12700CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,561.60	0.844	0.865	0.725
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	71,33,980	62,80,540	8,53,440
PUT:	60,22,660	54,29,620	5,93,040
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,000	9,87,700	2,56,900	31,020
13,500	5,75,260	700	4,827
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,000	9,87,700	2,56,900	31,020
12,700	4,66,200	68,180	17,793
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
14,500	1,17,600	-8,680	227
13,250	41,440	-6,860	264
Top CALL Volume:
Strike	OI	OI Change	Volume
13,000	9,87,700	2,56,900	31,020
12,700	4,66,200	68,180	17,793
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	9,20,080	1,35,380	8,136
11,500	4,66,620	86,660	2,307
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,000	9,20,080	1,35,380	8,136
11,200	2,93,300	96,600	1,742
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,500	4,22,100	-79,660	11,611
12,575	38,920	-14,280	3,775
Top PUT Volume:
Strike	OI	OI Change	Volume
12,600	3,96,620	41,440	18,878
12,500	4,22,100	-79,660	11,611

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

Today’s Open Interest Volume Analysis indicates that the market’s mood has taken a turn for the worse, with fresh shorts and aggressive call writing building a wall of resistance at every minor bounce. For Nifty, all eyes remain on the 24,500 area; failure to hold this level could trigger a deeper slide to 24,200 or even lower, as both option and futures data show little conviction for a reversal. Bulls should avoid chasing rallies until clear short covering emerges or put writers return in force.

Tactical traders may consider bear call spreads above 24,600 or iron condors around max pain, but always manage risk tightly. In BankNifty, FINNIFTY, and MIDCPNIFTY, the smart play is to stay nimble—stick with the trend or wait at the sidelines for clearer reversal signals, as the momentum still belongs to the bears. Let this Open Interest Volume Analysis guide your approach: prioritize capital protection, trade light, and let expiry levels and OI trends dictate direction as uncertainty reigns.

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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