NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 14/08/2025

The Open Interest Volume Analysis for 14th August 2025 reveals a market treading water after recent swings, as traders brace for the next direction. Nifty August futures closed at 24,684.70, posting a negligible 0.11% drop despite the spot index eking out a tiny 0.05% gain. The big story is the sharp 39-point drop in futures premium, along with a modest 0.7% decline in open interest and lighter volumes, signaling that both bulls and bears are content to unwind positions and step back after expiry volatility. Weekly options data echoes this hesitation—the Put-Call Ratio (OI) slipped to 0.88, showing that call writers are taking charge near key resistance at 25,500 and 26,000 strangles, while put writers look for support around 22,600–23,500. Max pain for expiry is tightly clamped at 24,650, suggesting Nifty is likely to remain pinned near this zone barring any big external catalyst.

BANKNIFTY and FINNIFTY also reflected the same mood. BANKNIFTY futures saw a modest uptick, but a 2.4% OI drop and a sharp shrinkage in premium indicate lack of bullish conviction. Options open interest still crowds at 57,000, while near-term support pockets develop at 51,000–55,000. FINNIFTY’s mild gains were coupled with falling open interest and premium—classic consolidation after short covering, with max pain at 26,400 and key OI clusters hinting at a range-bound outlook. In MIDCPNIFTY, price drifted 0.6% lower with OI width narrowing, reflecting indecision and a tug-of-war between selective buying and persistent profit booking. SENSEX too was flat, as a big drop in open interest and premium suggests traders are staying on the sidelines ahead of the long weekend.

NSE & BSE F&O Market Signals

NIFTY AUGUST Future

NIFTY Spot closed at: 24,631.30 (0.05%)

NIFTY AUGUST Future closed at: 24,684.70 (-0.11%)

Premium: 53.4 (Decreased by -39.45 points)

Open Interest Change: -0.7%

Volume Change: -13.1%

NIFTY Weekly Expiry (21/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.879 (Decreased from 1.041)

Put-Call Ratio (Volume): 0.867

Max Pain Level: 24650

Maximum CALL Open Interest: 25500

Maximum PUT Open Interest: 22600

Highest CALL Addition: 26000

Highest PUT Addition: 23500

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

Put-Call Ratio (Open Interest): 0.967 (Increased from 0.928)

Put-Call Ratio (Volume): 0.869

Max Pain Level: 24850

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24500

Highest CALL Addition: 24700

Highest PUT Addition: 24200

BANKNIFTY AUGUST Future

BANKNIFTY Spot closed at: 55,341.85 (0.29%)

BANKNIFTY AUGUST Future closed at: 55,503.80 (0.13%)

Premium: 161.95 (Decreased by -89.8 points)

Open Interest Change: -2.4%

Volume Change: 2.9%

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

Put-Call Ratio (Open Interest): 0.716 (Increased from 0.696)

Put-Call Ratio (Volume): 0.740

Max Pain Level: 55700

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 57000

Highest CALL Addition: 59500

Highest PUT Addition: 51000

FINNIFTY AUGUST Future

FINNIFTY Spot closed at: 26,333.45 (0.36%)

FINNIFTY AUGUST Future closed at: 26,405.10 (0.19%)

Premium:  71.65 (Decreased by -44.75 points)

Open Interest Change: -1.7%

Volume Change: -19.3%

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

Put-Call Ratio (Open Interest): 0.870 (Increased from 0.667)

Put-Call Ratio (Volume): 0.680

Max Pain Level: 26400

Maximum CALL Open Interest: 26500

Maximum PUT Open Interest: 26000

Highest CALL Addition: 28300

Highest PUT Addition: 26000

MIDCPNIFTY AUGUST Future

MIDCPNIFTY Spot closed at: 12,639.10 (-0.47%)

MIDCPNIFTY AUGUST Future closed at: 12,666.95 (-0.64%)

Premium: 27.85 (Decreased by -22 points)

Open Interest Change: 0.5%

Volume Change: -20.2%

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

Put-Call Ratio (Open Interest): 0.865 (Decreased from 0.964)

Put-Call Ratio (Volume): 0.944

Max Pain Level: 12700

Maximum CALL Open Interest: 13000

Maximum PUT Open Interest: 12000

Highest CALL Addition: 13000

Highest PUT Addition: 12650

SENSEX Monthly Expiry (24/08/2025) Future

SENSEX Spot closed at: 80,597.66 (0.07%)

SENSEX Monthly Future closed at: 80,811.45 (-0.06%)

Premium: 213.79 (Decreased by -103.55 points)

Open Interest Change: -5.7%

Volume Change: -42.7%

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

Put-Call Ratio (OI): 0.886 (Decreased from 1.026)

Put-Call Ratio (Volume): 0.961

Max Pain Level: 80600

Maximum CALL OI: 83000

Maximum PUT OI: 78000

Highest CALL Addition: 81000

Highest PUT Addition: 78000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,926.76 Cr
DIIs Net BUY: ₹ 3,895.68 Cr

FII Derivatives Activity

FII Trading Stats	14.08.25	13.08.25	12.08.25
FII Cash (Provisional Data)	-1,926.76	-3,644.43	-3,398.80
Index Future Open Interest Long Ratio	8.30%	8.66%	7.95%
Index Future Volume Long Ratio	49.61%	56.32%	39.49%
Call Option Open Interest Long Ratio	47.04%	46.96%	44.55%
Call Option Volume Long Ratio	49.85%	50.29%	49.83%
Put Option Open Interest Long Ratio	71.87%	60.21%	66.30%
Put Option Volume Long Ratio	50.09%	49.48%	50.18%
Stock Future Open Interest Long Ratio	61.72%	61.98%	61.79%
Stock Future Volume Long Ratio	47.74%	52.69%	50.74%
Index Futures	Long Covering	Fresh Long	Fresh Short
Index Options	Long Covering	Fresh Short	Fresh Long
Nifty Futures	Short Covering	Fresh Long	Fresh Short
Nifty Options	Long Covering	Fresh Short	Fresh Long
BankNifty Futures	Short Covering	Fresh Short	Fresh Short
BankNifty Options	Fresh Short	Fresh Short	Long Covering
FinNifty Futures	Long Covering	Fresh Long	Long Covering
FinNifty Options	Fresh Long	Fresh Short	Fresh Short
MidcpNifty Futures	Long Covering	Fresh Short	Long Covering
MidcpNifty Options	Fresh Long	Short Covering	Fresh Long
NiftyNxt50 Futures	Long Covering	Fresh Long	Long Covering
NiftyNxt50 Options	Long Covering	Short Covering	Fresh Long
Stock Futures	Fresh Short	Fresh Long	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 (21/08/2025)

The NIFTY index closed at 24631.3. The NIFTY weekly expiry for AUGUST 21, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.879 against previous 1.041. The 25500CE option holds the maximum open interest, followed by the 22600PE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 26000CE option, with open interest additions also seen in the 25500CE and 25000CE options. On the other hand, open interest reductions were prominent in the 24450CE, 24550CE, and 24350CE options. Trading volume was highest in the 24600PE option, followed by the 24700CE and 24600CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	21-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,631.30	0.879	1.041	0.867
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	5,88,23,250	3,27,34,275	2,60,88,975
PUT:	5,17,21,725	3,40,72,125	1,76,49,600
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,500	53,60,475	28,25,850	1,68,553
25,000	48,85,950	23,43,825	2,97,872
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	44,31,300	28,70,025	1,27,299
25,500	53,60,475	28,25,850	1,68,553
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,450	1,52,700	-31,425	9,331
24,550	2,61,975	-29,325	36,478
Top CALL Volume:
Strike	OI	OI Change	Volume
24,700	35,39,100	15,41,475	3,63,915
24,600	28,03,125	10,01,550	3,34,701
Top PUT Open Interest:
Strike	OI	OI Change	Volume
22,600	49,06,575	12,08,775	73,940
23,500	38,29,425	20,26,275	1,01,983
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,500	38,29,425	20,26,275	1,01,983
24,000	37,22,850	14,58,825	1,52,302
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
–	–	–	–
–	–	–	–
Top PUT Volume:
Strike	OI	OI Change	Volume
24,600	34,06,350	10,91,700	4,32,331
24,500	26,43,900	8,72,475	2,58,742

SENSEX Weekly Expiry (19/08/2025)

The SENSEX index closed at 80597.66. The SENSEX weekly expiry for AUGUST 19, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.886 against previous 1.026. The 83000CE option holds the maximum open interest, followed by the 78000PE and 81000CE options. Market participants have shown increased interest with significant open interest additions in the 78000PE option, with open interest additions also seen in the 81000CE and 83000CE options. On the other hand, open interest reductions were prominent in the 80500CE, 77500PE, and 80400PE options. Trading volume was highest in the 80600PE option, followed by the 80500PE and 80700CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	19-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80597.66	0.886	1.026	0.961
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,17,50,580	74,63,360	42,87,220
PUT:	1,04,05,280	76,60,460	27,44,820
Top CALL Open Interest:
Strike	OI	OI Change	Volume
83000	10,43,660	3,63,560	60,81,220
81000	8,62,800	4,51,140	1,14,94,760
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
81000	8,62,800	4,51,140	1,14,94,760
83000	10,43,660	3,63,560	60,81,220
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
80500	5,27,860	-70,140	97,08,920
80400	83,780	-34,880	22,57,060
Top CALL Volume:
Strike	OI	OI Change	Volume
80700	4,44,640	2,29,440	1,46,30,820
80600	4,54,480	1,91,760	1,35,25,420
Top PUT Open Interest:
Strike	OI	OI Change	Volume
78000	9,37,140	4,95,540	46,41,840
80500	8,27,780	1,02,620	1,51,11,580
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
78000	9,37,140	4,95,540	46,41,840
78500	5,60,720	3,21,120	33,23,660
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
77500	2,95,640	-68,980	34,95,240
80400	2,51,420	-34,960	70,29,840
Top PUT Volume:
Strike	OI	OI Change	Volume
80600	3,72,920	1,31,740	1,54,57,360
80500	8,27,780	1,02,620	1,51,11,580

NIFTY Monthly Expiry (28/08/2025)

The NIFTY index closed at 24631.3. The NIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.967 against previous 0.928. 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 24700CE option, with open interest additions also seen in the 24200PE and 24700PE options. On the other hand, open interest reductions were prominent in the 26000CE, 25400CE, and 24000PE options. Trading volume was highest in the 25000CE option, followed by the 24500PE and 24600PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,631.30	0.967	0.928	0.869
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,56,45,525	4,63,99,200	-7,53,675
PUT:	4,41,39,675	4,30,63,200	10,76,475
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	68,28,000	8,925	88,323
25,500	47,84,100	1,59,075	40,283
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,700	22,29,075	5,90,700	56,163
24,500	21,15,225	1,95,150	36,116
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	41,10,225	-10,43,925	48,950
25,400	11,07,900	-9,15,525	35,816
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	68,28,000	8,925	88,323
24,700	22,29,075	5,90,700	56,163
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	40,63,950	1,23,750	75,410
24,000	38,29,950	-2,79,225	60,903
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,200	19,23,000	5,34,900	39,340
24,700	18,16,650	4,59,900	47,474
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	38,29,950	-2,79,225	60,903
22,800	12,03,225	-2,11,800	6,994
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	40,63,950	1,23,750	75,410
24,600	16,94,550	85,350	68,191

BANKNIFTY Monthly Expiry (28/08/2025)

The BANKNIFTY index closed at 55341.85. The BANKNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.716 against previous 0.696. 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 59500CE option, with open interest additions also seen in the 57500CE and 51000PE options. On the other hand, open interest reductions were prominent in the 58000CE, 57000CE, and 55200CE options. Trading volume was highest in the 55500CE option, followed by the 55400CE and 55300CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,341.85	0.716	0.696	0.740
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,88,00,915	1,94,06,975	-6,06,060
PUT:	1,34,57,640	1,35,04,365	-46,725
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	22,75,910	-1,76,260	77,079
56,000	14,95,655	-15,750	1,24,535
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
59,500	4,33,860	1,37,095	22,546
57,500	7,62,405	1,06,225	38,787
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
58,000	10,12,340	-2,34,290	50,152
57,000	22,75,910	-1,76,260	77,079
Top CALL Volume:
Strike	OI	OI Change	Volume
55,500	11,56,365	-76,335	1,81,187
55,400	3,81,220	10,325	1,39,863
Top PUT Open Interest:
Strike	OI	OI Change	Volume
57,000	13,13,060	-6,335	1,911
55,000	9,58,720	-69,650	1,14,097
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
51,000	4,36,240	47,775	16,708
55,300	2,67,645	44,975	1,20,400
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
54,000	7,67,935	-93,450	54,882
51,500	2,01,250	-92,295	16,166
Top PUT Volume:
Strike	OI	OI Change	Volume
55,500	9,03,630	37,135	1,23,482
55,300	2,67,645	44,975	1,20,400

FINNIFTY Monthly Expiry (28/08/2025)

The FINNIFTY index closed at 26333.45. The FINNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.870 against previous 0.667. The 26500CE option holds the maximum open interest, followed by the 26000PE and 27000CE options. Market participants have shown increased interest with significant open interest additions in the 26000PE option, with open interest additions also seen in the 26400PE and 26350PE options. On the other hand, open interest reductions were prominent in the 26500CE, 27000CE, and 26250CE options. Trading volume was highest in the 27000CE option, followed by the 26300PE and 26300CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,333.45	0.870	0.667	0.680
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	11,62,200	12,69,450	-1,07,250
PUT:	10,11,400	8,46,235	1,65,165
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,500	1,52,490	-31,915	4,696
27,000	1,16,545	-19,500	8,319
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
28,300	9,490	6,630	217
26,400	64,285	6,565	3,562
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	1,52,490	-31,915	4,696
27,000	1,16,545	-19,500	8,319
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	1,16,545	-19,500	8,319
26,300	25,740	-3,510	6,159
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	1,46,835	63,050	5,682
26,500	77,805	9,100	997
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,000	1,46,835	63,050	5,682
26,400	64,220	39,390	3,204
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,250	21,320	-17,810	1,681
25,500	59,345	-16,770	1,384
Top PUT Volume:
Strike	OI	OI Change	Volume
26,300	51,805	7,150	6,287
26,000	1,46,835	63,050	5,682

MIDCPNIFTY Monthly Expiry (28/08/2025)

The MIDCPNIFTY index closed at 12639.1. 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 0.964. 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 13500CE and 12650PE options. On the other hand, open interest reductions were prominent in the 67000CE, 64400PE, and 64400PE options. Trading volume was highest in the 12700CE option, followed by the 12700PE and 12600PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,639.10	0.865	0.964	0.944
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	69,98,600	60,80,340	9,18,260
PUT:	60,55,280	58,60,540	1,94,740
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,000	8,64,780	2,26,100	16,524
13,500	6,52,260	1,08,080	4,052
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,000	8,64,780	2,26,100	16,524
13,500	6,52,260	1,08,080	4,052
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
15,000	48,300	-13,720	293
14,000	4,79,360	-11,060	1,490
Top CALL Volume:
Strike	OI	OI Change	Volume
12,700	4,79,920	61,460	20,352
13,000	8,64,780	2,26,100	16,524
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	8,18,440	44,380	7,322
11,500	5,33,960	53,060	2,119
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,650	1,90,260	99,400	12,353
12,450	1,11,580	87,080	1,586
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,700	2,70,340	-1,91,800	17,808
12,800	1,41,260	-62,020	3,583
Top PUT Volume:
Strike	OI	OI Change	Volume
12,700	2,70,340	-1,91,800	17,808
12,600	2,89,660	26,180	17,682

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

This session’s Open Interest Volume Analysis shows a market reluctant to commit strongly in either direction, with signs of short-term exhaustion replacing last week’s turbulence. For Nifty, 24,650 is the expiry magnet—look for sideways movement around this mark unless fresh global news tips the scale. Range-bound strategies like iron condors, calendar spreads, or hedged straddles centered between 24,600–24,900 strikes are likely to be optimal for now. A decisive break above 25,000 on a build in open interest and volume would be an early alert for momentum traders, while repeated failure to hold 24,600 could accelerate a test of old support at 24,300 or lower.

BankNifty and FINNIFTY traders should focus on nimble spreads near their max pain pivots with modest position sizing, as premium decay and light participation dominate. For broader indices and midcaps, wait-and-watch remains the best approach; there’s little evidence of large-scale risk taking or sector rotation. Let this Open Interest Volume Analysis be your guide through this consolidation—keep your strategies tactical, risk contained, and readiness high for when the next strong directional move takes shape.

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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