NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 1/09/2025

The Derivatives Open Interest Volume Analysis for 1st September 2025 reveals a market that is regrouping after a volatile start to the September series, with bulls finally stepping up. Nifty September futures closed at 24,748.00, up 0.73%, riding on a modest 0.1% increase in open interest as fresh long positions find foothold after recent profit-taking. The premium slipped by nearly 19 points, pointing to less aggressive hedging and more comfort among buyers. Notably, the Put-Call Ratio (OI) surged to 1.15 on the weekly chain—put writers came back strong at the 24,500–24,650 strikes, anchoring expiry near 24,600 for now. Monthly options show similar optimism, with a PCR above 1 and call resistance stacking at the 25,000–25,500 band, suggesting a strive for further upside if new buying persists.

BANKNIFTY, FINNIFTY, and MIDCPNIFTY also confirmed new do-or-die bullish interest: BankNifty added fresh longs as open interest ticked up and premium dropped, while the options chain shows support at 54,000 and resistance at 57,000. FINNIFTY’s bullishness was clearer—up 0.55% on a 2.5% open interest jump, with strong put writing at 25,700. MIDCPNIFTY did one better, adding 2% with long OI build and heavy put writing, signaling risk appetite is back in midcaps. SENSEX, though, showed mainly short covering, up 0.58% with open interest dropping as bears book profits and the focus shifts to expiry.

NSE & BSE F&O Market Signals

NIFTY SEPTEMBER Future

NIFTY Spot closed at: 24,625.05 (0.81%)

NIFTY SEPTEMBER Future closed at: 24,748.00 (0.73%)

Premium: 122.95 (Decreased by -18.7 points)

Open Interest Change: 0.1%

Volume Change: -24.1%

Open Interest Analysis: Fresh Long

NIFTY Weekly Expiry (2/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.150 (Increased from 0.541)

Put-Call Ratio (Volume): 0.872

Max Pain Level: 24600

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24500

Highest CALL Addition: 24650

Highest PUT Addition: 24500

NIFTY Monthly Expiry (30/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.151 (Decreased from 1.171)

Put-Call Ratio (Volume): 0.993

Max Pain Level: 24900

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 25500

Highest PUT Addition: 23000

BANKNIFTY SEPTEMBER Future

BANKNIFTY Spot closed at: 54,002.45 (0.65%)

BANKNIFTY SEPTEMBER Future closed at: 54,370.00 (0.57%)

Premium: 367.55 (Decreased by -37.2 points)

Open Interest Change: 0.4%

Volume Change: -14.0%

Open Interest Analysis: Fresh Long

BANKNIFTY Monthly Expiry  (30/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.885 (Increased from 0.859)

Put-Call Ratio (Volume): 0.816

Max Pain Level: 55000

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 55000

Highest PUT Addition: 54000

FINNIFTY SEPTEMBER Future

FINNIFTY Spot closed at: 25,743.50 (0.69%)

FINNIFTY SEPTEMBER Future closed at: 25,909.10 (0.55%)

Premium:  165.6 (Decreased by -35 points)

Open Interest Change: 2.5%

Volume Change: -3.3%

Open Interest Analysis: Fresh Long

FINNIFTY Monthly Expiry  (30/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.985 (Decreased from 1.128)

Put-Call Ratio (Volume): 1.047

Max Pain Level: 25800

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 25700

Highest CALL Addition: 26500

Highest PUT Addition: 25650

MIDCPNIFTY SEPTEMBER Future

MIDCPNIFTY Spot closed at: 12,715.70 (2.13%)

MIDCPNIFTY SEPTEMBER Future closed at: 12,791.20 (2.20%)

Premium: 75.5 (Increased by 10 points)

Open Interest Change: 0.2%

Volume Change: -20.0%

Open Interest Analysis: Fresh Long

MIDCPNIFTY Monthly Expiry  (30/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.117 (Decreased from 1.191)

Put-Call Ratio (Volume): 0.850

Max Pain Level: 12700

Maximum CALL Open Interest: 13000

Maximum PUT Open Interest: 12000

Highest CALL Addition: 13400

Highest PUT Addition: 12700

SENSEX Monthly Expiry (25/09/2025) Future

SENSEX Spot closed at: 80,364.49 (0.70%)

SENSEX Monthly Future closed at: 80,848.55 (0.58%)

Premium: 484.06 (Decreased by -90.94 points)

Open Interest Change: -5.7%

Volume Change: -19.9%

Open Interest Analysis: Short Covering

SENSEX Weekly Expiry (4/09/2025) Option Analysis

Put-Call Ratio (OI): 0.841 (Increased from 0.539)

Put-Call Ratio (Volume): 0.926

Max Pain Level: 80400

Maximum CALL OI: 81000

Maximum PUT OI: 80000

Highest CALL Addition: 81000

Highest PUT Addition: 80000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,429.71 Cr
DIIs Net BUY: ₹ 4,344.93 Cr

FII Derivatives Activity

FII Trading Stats	1.09.25	29.08.25	28.08.25
FII Cash (Provisional Data)	-1,429.71	-8,312.66	-3,856.51
Index Future Open Interest Long Ratio	9.27%	8.60%	8.24%
Index Future Volume Long Ratio	57.01%	41.33%	45.11%
Call Option Open Interest Long Ratio	46.88%	45.86%	45.81%
Call Option Volume Long Ratio	50.19%	49.75%	49.94%
Put Option Open Interest Long Ratio	60.05%	67.80%	75.15%
Put Option Volume Long Ratio	49.40%	49.92%	50.01%
Stock Future Open Interest Long Ratio	62.92%	62.44%	62.27%
Stock Future Volume Long Ratio	55.04%	52.36%	49.21%
Index Futures	Fresh Long	Fresh Short	Long Covering
Index Options	Fresh Short	Fresh Short	Long Covering
Nifty Futures	Fresh Long	Fresh Short	Long Covering
Nifty Options	Fresh Short	Fresh Short	Short Covering
BankNifty Futures	Fresh Long	Long Covering	Long Covering
BankNifty Options	Fresh Long	Fresh Long	Long Covering
FinNifty Futures	Fresh Long	Long Covering	Fresh Short
FinNifty Options	Fresh Short	Fresh Short	Long Covering
MidcpNifty Futures	Fresh Long	Fresh Long	Long Covering
MidcpNifty Options	Fresh Long	Fresh Short	Short Covering
NiftyNxt50 Futures	Fresh Short	Short Covering	Long Covering
NiftyNxt50 Options	Fresh Long	Fresh Long	Long Covering
Stock Futures	Fresh Long	Fresh Long	Long Covering
Stock Options	Fresh Short	Fresh Long	Long Covering

Fresh Long: Net Buy with Increase in Open Interest
Fresh Short: Net Sell with Increase in Open Interest
Short Covering: Net Buy with Decrease in Open Interest
Long Covering: Net Sell with Decrease in Open Interest

NSE & BSE Option market Trends : Options Insights

NIFTY Weekly Expiry (2/09/2025)

The NIFTY index closed at 24625.05. The NIFTY weekly expiry for SEPTEMBER 2, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.150 against previous 0.541. The 24500PE option holds the maximum open interest, followed by the 25000CE and 24600PE options. Market participants have shown increased interest with significant open interest additions in the 24500PE option, with open interest additions also seen in the 24600PE and 24550PE options. On the other hand, open interest reductions were prominent in the 24500CE, 25500CE, and 24600CE options. Trading volume was highest in the 24600CE option, followed by the 24500PE and 24550CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	02-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,625.05	1.150	0.541	0.872
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	15,73,76,850	19,30,97,850	-3,57,21,000
PUT:	18,10,36,500	10,43,94,525	7,66,41,975
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,76,68,500	11,06,700	20,55,462
24,800	1,18,11,225	19,09,350	33,58,135
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,650	91,61,625	33,41,925	58,07,928
24,800	1,18,11,225	19,09,350	33,58,135
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,500	43,88,775	-80,06,175	58,91,800
25,500	69,96,600	-51,39,300	8,11,138
Top CALL Volume:
Strike	OI	OI Change	Volume
24,600	80,95,950	-43,86,225	93,32,794
24,550	40,29,750	-28,82,025	67,12,326
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	1,95,79,875	1,40,85,075	82,76,109
24,600	1,45,34,775	1,23,27,300	61,98,214
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,500	1,95,79,875	1,40,85,075	82,76,109
24,600	1,45,34,775	1,23,27,300	61,98,214
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,500	71,60,925	-31,69,725	8,82,243
23,400	21,47,325	-4,49,775	2,57,431
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	1,95,79,875	1,40,85,075	82,76,109
24,550	1,21,22,925	1,02,38,925	66,24,284

SENSEX Weekly Expiry (4/09/2025)

The SENSEX index closed at 80364.49. The SENSEX weekly expiry for SEPTEMBER 4, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.841 against previous 0.539. The 81000CE option holds the maximum open interest, followed by the 80000PE and 82000CE options. Market participants have shown increased interest with significant open interest additions in the 80000PE option, with open interest additions also seen in the 78000PE and 80200PE options. On the other hand, open interest reductions were prominent in the 75500PE, 85000CE, and 80100CE options. Trading volume was highest in the 80000PE option, followed by the 80200PE and 80100PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	04-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80364.49	0.841	0.539	0.926
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,41,36,800	1,31,96,460	9,40,340
PUT:	1,18,84,840	71,12,040	47,72,800
Top CALL Open Interest:
Strike	OI	OI Change	Volume
81000	12,10,680	2,51,120	1,73,33,900
82000	8,20,440	1,55,520	74,40,660
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
81000	12,10,680	2,51,120	1,73,33,900
82000	8,20,440	1,55,520	74,40,660
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
85000	3,91,120	-1,21,180	11,89,320
80100	1,86,840	-90,480	1,16,39,180
Top CALL Volume:
Strike	OI	OI Change	Volume
80200	2,68,180	-80,320	1,81,28,580
81000	12,10,680	2,51,120	1,73,33,900
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	9,76,580	6,18,540	2,24,53,780
78000	7,66,860	4,33,100	47,91,940
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80000	9,76,580	6,18,540	2,24,53,780
78000	7,66,860	4,33,100	47,91,940
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
75500	97,240	-1,81,000	8,82,280
72400	2,07,260	-69,460	4,18,880
Top PUT Volume:
Strike	OI	OI Change	Volume
80000	9,76,580	6,18,540	2,24,53,780
80200	5,33,740	3,94,140	1,96,57,360

NIFTY Monthly Expiry (30/09/2025)

The NIFTY index closed at 24625.05. The NIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.151 against previous 1.171. The 25000CE option holds the maximum open interest, followed by the 24000PE and 24500PE options. Market participants have shown increased interest with significant open interest additions in the 25500CE option, with open interest additions also seen in the 23000PE and 26000CE options. On the other hand, open interest reductions were prominent in the 24600CE, 24500CE, and 24500PE options. Trading volume was highest in the 24000PE option, followed by the 25000CE and 24500PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,625.05	1.151	1.171	0.993
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,32,85,500	4,11,68,925	21,16,575
PUT:	4,98,13,050	4,82,03,175	16,09,875
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	59,42,550	1,74,000	57,566
26,000	44,52,150	4,18,200	36,764
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	35,65,200	4,67,175	43,906
26,000	44,52,150	4,18,200	36,764
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,600	9,59,400	-1,30,800	26,170
24,500	20,23,950	-1,29,225	44,255
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	59,42,550	1,74,000	57,566
24,500	20,23,950	-1,29,225	44,255
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	50,55,450	2,58,825	65,866
24,500	44,60,850	-1,28,100	56,346
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,000	34,90,425	4,54,950	32,327
22,000	23,32,500	4,01,625	12,010
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,500	44,60,850	-1,28,100	56,346
25,000	42,34,725	-98,625	19,189
Top PUT Volume:
Strike	OI	OI Change	Volume
24,000	50,55,450	2,58,825	65,866
24,500	44,60,850	-1,28,100	56,346

BANKNIFTY Monthly Expiry (30/09/2025)

The BANKNIFTY index closed at 54002.45. The BANKNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.885 against previous 0.859. The 57000CE option holds the maximum open interest, followed by the 54000PE and 56000CE options. Market participants have shown increased interest with significant open interest additions in the 54000PE option, with open interest additions also seen in the 51000PE and 55000CE options. On the other hand, open interest reductions were prominent in the 57000CE, 50000PE, and 56000PE options. Trading volume was highest in the 54000PE option, followed by the 54000CE and 53800PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
54,002.45	0.885	0.859	0.816
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,35,00,995	1,28,62,180	6,38,815
PUT:	1,19,46,630	1,10,46,185	9,00,445
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	17,86,840	-52,340	39,310
56,000	12,33,085	9,870	55,661
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
55,000	11,37,710	81,235	71,166
57,500	7,12,355	66,465	21,635
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
57,000	17,86,840	-52,340	39,310
50,000	1,11,685	-20,440	759
Top CALL Volume:
Strike	OI	OI Change	Volume
54,000	9,01,510	6,195	1,17,158
55,000	11,37,710	81,235	71,166
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	12,48,275	1,70,420	1,17,941
57,000	10,39,845	10,500	711
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
54,000	12,48,275	1,70,420	1,17,941
51,000	5,48,725	90,665	23,968
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
50,000	4,35,015	-30,555	20,371
56,000	4,18,530	-23,100	2,343
Top PUT Volume:
Strike	OI	OI Change	Volume
54,000	12,48,275	1,70,420	1,17,941
53,800	1,85,290	71,715	79,155

FINNIFTY Monthly Expiry (30/09/2025)

The FINNIFTY index closed at 25743.5. The FINNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.985 against previous 1.128. The 26000CE option holds the maximum open interest, followed by the 26500CE and 25700PE options. Market participants have shown increased interest with significant open interest additions in the 25650PE option, with open interest additions also seen in the 26500CE and 26000CE options. On the other hand, open interest reductions were prominent in the 25000PE, 24500PE, and 25450PE options. Trading volume was highest in the 25000PE option, followed by the 26500CE and 25700PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,743.50	0.985	1.128	1.047
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,98,060	2,72,805	1,25,255
PUT:	3,92,080	3,07,840	84,240
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	80,795	22,165	2,622
26,500	72,410	23,725	3,591
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,500	72,410	23,725	3,591
26,000	80,795	22,165	2,622
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
28,900	12,220	-2,730	235
26,200	13,260	-1,690	989
Top CALL Volume:
Strike	OI	OI Change	Volume
26,500	72,410	23,725	3,591
25,700	45,435	13,910	2,667
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,700	56,680	4,810	3,527
26,000	49,985	7,410	593
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,650	39,780	36,790	1,896
25,500	32,435	20,345	1,791
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	46,150	-30,225	5,132
24,500	12,220	-3,380	287
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	46,150	-30,225	5,132
25,700	56,680	4,810	3,527

MIDCPNIFTY Monthly Expiry (30/09/2025)

The MIDCPNIFTY index closed at 12715.7. The MIDCPNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.117 against previous 1.191. 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 13400CE option, with open interest additions also seen in the 12700PE and 13500CE options. On the other hand, open interest reductions were prominent in the 56500CE, 56500CE, and 56500CE options. Trading volume was highest in the 13000CE option, followed by the 12000PE and 12600CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,715.70	1.117	1.191	0.850
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	41,35,600	31,84,580	9,51,020
PUT:	46,17,620	37,93,020	8,24,600
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,000	5,74,840	-1,21,520	16,163
13,500	4,66,900	1,68,700	8,550
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,400	3,07,720	3,05,200	4,351
13,500	4,66,900	1,68,700	8,550
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,000	5,74,840	-1,21,520	16,163
12,600	1,88,300	-1,02,620	12,583
Top CALL Volume:
Strike	OI	OI Change	Volume
13,000	5,74,840	-1,21,520	16,163
12,600	1,88,300	-1,02,620	12,583
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	7,90,720	1,680	15,160
12,500	4,39,040	-40,880	9,479
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,700	2,59,280	2,16,440	11,025
12,200	2,71,320	84,700	4,263
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,500	4,39,040	-40,880	9,479
13,000	1,46,020	-17,640	853
Top PUT Volume:
Strike	OI	OI Change	Volume
12,000	7,90,720	1,680	15,160
12,600	2,99,740	40,320	12,539

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

Today’s Derivatives Open Interest Volume Analysis tells us the tide may be turning in favor of buyers as new longs pile in, especially with the weekly and monthly PCRs above 1 showing fresh risk-on sentiment. For tactical traders, consider using bullish spreads or put credit spreads near expiry pivot zones (24,600 for Nifty, 54,000 for BankNifty) and be ready to ride upswings if spot holds above these levels. Use call spreads or staggered longs toward resistance bands for low-risk upside exposure. Avoid chasing moves above 25,000 until fresh open interest and volumes confirm the breakout.

For FINNIFTY and MIDCPNIFTY participants, stay nimble with index-based longs and defined-risk options strategies around current support levels. Keep an eye out for sudden spikes in OI and volume as confirmation of a sustainable move. The Derivatives Open Interest Volume Analysis empowers traders to act with conviction, prioritize disciplined entries, and make sense of the evolving market backdrop.

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