NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 2/09/2025

The Nifty Open Interest Volume Analysis for 2nd September 2025 signals a market moment filled with caution and tactical moves. Nifty September futures dipped 0.23% to 24,691.80, with open interest trimming by 0.8% and a premium drop of about 11 points—showing traders are booking profits and lightening positions after a bounce. The week’s Put-Call Ratio (OI) dropped to 0.81, with heavy call writing at 25,000 and increased put support at 24,500, keeping Nifty range-bound near the 24,650–25,000 expiry zone. The monthly PCR, while still above 1, declined marginally, hinting at defensive hedging rather than full-blown optimism.

BankNifty moved deeper into weakness, down 0.61%, with a 4% bump in open interest revealing fresh shorts, and a rising premium as sellers press for lower prices. Option chains show strong call writing at 54,000 and put building at 54,000, suggesting choppy action within a narrow range. FINNIFTY saw long covering, price slipping 0.63%, and OI down mildly, while MIDCPNIFTY stood out for fresh shorts, confirming a shift toward caution in the broader market. SENSEX futures displayed renewed bearishness, losing 0.28% amid fresh shorts and a weak PCR as 81,000 becomes a resistance wall.

NSE & BSE F&O Market Signals

NIFTY SEPTEMBER Future

NIFTY Spot closed at: 24,579.60 (-0.18%)

NIFTY SEPTEMBER Future closed at: 24,691.80 (-0.23%)

Premium: 112.2 (Decreased by -10.75 points)

Open Interest Change: -0.8%

Volume Change: 43.7%

Open Interest Analysis: Long Covering

NIFTY Weekly Expiry (9/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.813 (Decreased from 0.977)

Put-Call Ratio (Volume): 0.982

Max Pain Level: 24650

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24500

Highest CALL Addition: 25000

Highest PUT Addition: 24500

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

Put-Call Ratio (Open Interest): 1.124 (Decreased from 1.151)

Put-Call Ratio (Volume): 0.995

Max Pain Level: 24900

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 25800

Highest PUT Addition: 22600

BANKNIFTY SEPTEMBER Future

BANKNIFTY Spot closed at: 53,661.00 (-0.63%)

BANKNIFTY SEPTEMBER Future closed at: 54,039.40 (-0.61%)

Premium: 378.4 (Increased by 10.85 points)

Open Interest Change: 4.1%

Volume Change: 27.0%

Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.834 (Decreased from 0.885)

Put-Call Ratio (Volume): 0.896

Max Pain Level: 54500

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 54000

Highest PUT Addition: 51000

FINNIFTY SEPTEMBER Future

FINNIFTY Spot closed at: 25,572.95 (-0.66%)

FINNIFTY SEPTEMBER Future closed at: 25,746.20 (-0.63%)

Premium:  173.25 (Increased by 7.65 points)

Open Interest Change: -1.1%

Volume Change: 55.6%

Open Interest Analysis: Long Covering

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

Put-Call Ratio (Open Interest): 0.867 (Decreased from 0.985)

Put-Call Ratio (Volume): 1.052

Max Pain Level: 25750

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 26000

Highest CALL Addition: 26000

Highest PUT Addition: 25750

MIDCPNIFTY SEPTEMBER Future

MIDCPNIFTY Spot closed at: 12,709.40 (-0.05%)

MIDCPNIFTY SEPTEMBER Future closed at: 12,754.05 (-0.29%)

Premium: 44.65 (Decreased by -30.85 points)

Open Interest Change: 0.0%

Volume Change: 21.2%

Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 1.151 (Increased from 1.117)

Put-Call Ratio (Volume): 1.042

Max Pain Level: 12700

Maximum CALL Open Interest: 13000

Maximum PUT Open Interest: 12000

Highest CALL Addition: 13500

Highest PUT Addition: 12800

SENSEX Monthly Expiry (25/09/2025) Future

SENSEX Spot closed at: 80,157.88 (-0.26%)

SENSEX Monthly Future closed at: 80,618.35 (-0.28%)

Premium: 460.47 (Decreased by -23.59 points)

Open Interest Change: 5.3%

Volume Change: 53.4%

Open Interest Analysis: Fresh Short

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

Put-Call Ratio (OI): 0.673 (Decreased from 0.841)

Put-Call Ratio (Volume): 0.975

Max Pain Level: 80300

Maximum CALL OI: 81000

Maximum PUT OI: 79000

Highest CALL Addition: 80800

Highest PUT Addition: 79000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,159.48 Cr
DIIs Net BUY: ₹ 2,549.51 Cr

FII Derivatives Activity

FII Trading Stats	2.09.25	1.09.25	29.08.25
FII Cash (Provisional Data)	-1,159.48	-1,429.71	-8,312.66
Index Future Open Interest Long Ratio	8.01%	9.27%	8.60%
Index Future Volume Long Ratio	35.38%	57.01%	41.33%
Call Option Open Interest Long Ratio	46.50%	46.88%	45.86%
Call Option Volume Long Ratio	50.15%	50.19%	49.75%
Put Option Open Interest Long Ratio	74.67%	60.05%	67.80%
Put Option Volume Long Ratio	50.46%	49.40%	49.92%
Stock Future Open Interest Long Ratio	62.93%	62.92%	62.44%
Stock Future Volume Long Ratio	49.52%	55.04%	52.36%
Index Futures	Fresh Short	Fresh Long	Fresh Short
Index Options	Short Covering	Fresh Short	Fresh Short
Nifty Futures	Fresh Short	Fresh Long	Fresh Short
Nifty Options	Short Covering	Fresh Short	Fresh Short
BankNifty Futures	Fresh Short	Fresh Long	Long Covering
BankNifty Options	Fresh Long	Fresh Long	Fresh Long
FinNifty Futures	Long Covering	Fresh Long	Long Covering
FinNifty Options	Long Covering	Fresh Short	Fresh Short
MidcpNifty Futures	Fresh Short	Fresh Long	Fresh Long
MidcpNifty Options	Fresh Long	Fresh Long	Fresh Short
NiftyNxt50 Futures	Fresh Long	Fresh Short	Short Covering
NiftyNxt50 Options	Fresh Long	Fresh Long	Fresh Long
Stock Futures	Long Covering	Fresh Long	Fresh Long
Stock Options	Fresh Long	Fresh Short	Fresh Long

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

SENSEX Weekly Expiry (4/09/2025)

The SENSEX index closed at 80157.88. The SENSEX weekly expiry for SEPTEMBER 4, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.673 against previous 0.841. The 81000CE option holds the maximum open interest, followed by the 79000PE and 82000CE options. Market participants have shown increased interest with significant open interest additions in the 80800CE option, with open interest additions also seen in the 79000PE and 81700CE options. On the other hand, open interest reductions were prominent in the 82400CE, 84500CE, and 75500PE options. Trading volume was highest in the 80000PE option, followed by the 81000CE and 80500PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	04-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80157.88	0.673	0.841	0.975
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,33,76,800	1,41,36,800	92,40,000
PUT:	1,57,24,440	1,18,84,840	38,39,600
Top CALL Open Interest:
Strike	OI	OI Change	Volume
81000	17,58,880	5,48,200	2,75,52,800
82000	14,58,840	6,38,400	1,27,64,460
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
80800	12,52,200	10,17,600	1,96,19,800
81700	9,88,380	7,16,180	80,36,640
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
82400	1,68,740	-1,01,660	19,73,120
84500	2,02,800	-73,840	17,29,320
Top CALL Volume:
Strike	OI	OI Change	Volume
81000	17,58,880	5,48,200	2,75,52,800
80500	10,00,560	2,83,140	2,60,43,120
Top PUT Open Interest:
Strike	OI	OI Change	Volume
79000	15,13,260	9,16,820	1,15,69,180
80000	10,70,440	93,860	2,86,04,860
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
79000	15,13,260	9,16,820	1,15,69,180
77000	8,40,700	4,33,400	38,19,280
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
75500	33,000	-64,240	7,65,860
80300	3,72,800	-54,960	1,62,46,120
Top PUT Volume:
Strike	OI	OI Change	Volume
80000	10,70,440	93,860	2,86,04,860
80500	4,04,400	28,880	2,62,24,700

NIFTY Weekly Expiry (9/09/2025)

The NIFTY index closed at 24579.6. The NIFTY weekly expiry for SEPTEMBER 9, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.813 against previous 0.977. The 25000CE option holds the maximum open interest, followed by the 24500PE and 25500CE options. Market participants have shown increased interest with significant open interest additions in the 25000CE option, with open interest additions also seen in the 24800CE and 25500CE options. On the other hand, open interest reductions were prominent in the 26400CE, 24200CE, and 23050PE options. Trading volume was highest in the 24700CE option, followed by the 24700PE and 24800CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	09-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,579.60	0.813	0.977	0.982
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	7,27,05,000	3,64,74,075	3,62,30,925
PUT:	5,91,05,550	3,56,52,375	2,34,53,175
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	58,26,225	27,31,200	5,01,993
25,500	49,14,525	24,63,150	1,98,758
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,000	58,26,225	27,31,200	5,01,993
24,800	43,87,800	25,91,775	5,29,086
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,400	1,78,350	-19,275	2,449
24,200	85,875	-14,625	2,987
Top CALL Volume:
Strike	OI	OI Change	Volume
24,700	42,65,400	21,21,000	6,24,178
24,800	43,87,800	25,91,775	5,29,086
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	49,95,000	21,56,700	5,19,501
24,000	43,46,550	11,60,250	2,85,104
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,500	49,95,000	21,56,700	5,19,501
24,600	34,10,325	16,15,125	5,18,252
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,050	27,450	-5,850	1,923
22,950	28,425	-3,825	1,147
Top PUT Volume:
Strike	OI	OI Change	Volume
24,700	22,69,050	7,77,675	5,46,696
24,500	49,95,000	21,56,700	5,19,501

NIFTY Monthly Expiry (30/09/2025)

The NIFTY index closed at 24579.6. The NIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.124 against previous 1.151. 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 25800CE option, with open interest additions also seen in the 25500CE and 22600PE options. On the other hand, open interest reductions were prominent in the 25000PE, 25000CE, and 24500CE 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:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,579.60	1.124	1.151	0.995
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,44,09,750	4,32,85,500	11,24,250
PUT:	4,99,24,800	4,98,13,050	1,11,750
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	58,07,175	-1,35,375	77,031
26,000	43,54,200	-97,950	39,562
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,800	15,88,725	3,38,325	32,519
25,500	37,81,950	2,16,750	51,099
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	58,07,175	-1,35,375	77,031
24,500	19,14,975	-1,08,975	38,057
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	58,07,175	-1,35,375	77,031
24,700	18,38,550	52,200	53,899
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	49,72,725	-82,725	73,340
24,500	44,70,525	9,675	73,066
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
22,600	5,39,850	1,91,850	7,200
24,700	18,52,500	1,14,150	56,109
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	40,86,750	-1,47,975	32,503
24,900	10,50,000	-89,100	15,138
Top PUT Volume:
Strike	OI	OI Change	Volume
24,000	49,72,725	-82,725	73,340
24,500	44,70,525	9,675	73,066

BANKNIFTY Monthly Expiry (30/09/2025)

The BANKNIFTY index closed at 53661. The BANKNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.834 against previous 0.885. The 57000CE option holds the maximum open interest, followed by the 56000CE and 55000CE options. Market participants have shown increased interest with significant open interest additions in the 54000CE option, with open interest additions also seen in the 55000CE and 58000CE options. On the other hand, open interest reductions were prominent in the 57500CE, 58500CE, and 53800PE options. Trading volume was highest in the 54000PE option, followed by the 54000CE and 55000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
53,661.00	0.834	0.885	0.896
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,51,38,290	1,35,00,995	16,37,295
PUT:	1,26,18,290	1,19,46,630	6,71,660
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	18,31,570	44,730	35,649
56,000	13,21,950	88,865	54,072
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
54,000	11,85,730	2,84,220	1,45,363
55,000	13,11,695	1,73,985	99,765
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
57,500	6,77,495	-34,860	25,534
58,500	2,95,960	-29,750	12,113
Top CALL Volume:
Strike	OI	OI Change	Volume
54,000	11,85,730	2,84,220	1,45,363
55,000	13,11,695	1,73,985	99,765
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	12,78,130	29,855	1,80,522
57,000	10,39,740	-105	377
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
51,000	6,27,070	78,345	26,333
53,000	8,65,585	66,920	56,220
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
53,800	1,66,635	-18,655	51,326
55,000	7,08,365	-16,975	12,740
Top PUT Volume:
Strike	OI	OI Change	Volume
54,000	12,78,130	29,855	1,80,522
53,500	5,73,615	15,995	65,635

FINNIFTY Monthly Expiry (30/09/2025)

The FINNIFTY index closed at 25572.95. The FINNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.867 against previous 0.985. The 26000CE 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 26000CE option, with open interest additions also seen in the 25800CE and 25750PE options. On the other hand, open interest reductions were prominent in the 25650PE, 26500CE, and 25650CE options. Trading volume was highest in the 26500CE option, followed by the 25000PE and 25500PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,572.95	0.867	0.985	1.052
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,91,855	3,98,060	93,795
PUT:	4,26,595	3,92,080	34,515
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,16,285	35,490	2,833
26,500	65,130	-7,280	4,482
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	1,16,285	35,490	2,833
25,800	42,055	16,510	2,410
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	65,130	-7,280	4,482
25,650	13,455	-6,565	506
Top CALL Volume:
Strike	OI	OI Change	Volume
26,500	65,130	-7,280	4,482
26,000	1,16,285	35,490	2,833
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	53,300	3,315	461
25,700	50,310	-6,370	2,315
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,750	26,845	16,185	1,984
25,550	27,365	15,015	573
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,650	17,030	-22,750	1,175
25,700	50,310	-6,370	2,315
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	45,630	-520	4,077
25,500	40,690	8,255	2,880

MIDCPNIFTY Monthly Expiry (30/09/2025)

The MIDCPNIFTY index closed at 12709.4. The MIDCPNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.151 against previous 1.117. 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 12800PE option, with open interest additions also seen in the 13500CE and 12500PE options. On the other hand, open interest reductions were prominent in the 66500CE, 71500CE, and 71500CE options. Trading volume was highest in the 12700PE option, followed by the 12800CE and 13000CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,709.40	1.151	1.117	1.042
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	42,54,880	41,35,600	1,19,280
PUT:	48,95,940	46,17,620	2,78,320
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,000	5,49,780	-25,060	13,177
13,500	5,48,380	81,480	7,179
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,500	5,48,380	81,480	7,179
13,400	3,45,660	37,940	5,212
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
12,600	1,36,360	-51,940	2,010
12,625	16,940	-32,340	574
Top CALL Volume:
Strike	OI	OI Change	Volume
12,800	3,82,340	36,260	16,336
13,000	5,49,780	-25,060	13,177
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	7,12,180	-78,540	8,277
12,500	5,05,120	66,080	8,612
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,800	2,55,640	1,73,460	12,594
12,500	5,05,120	66,080	8,612
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,600	2,06,360	-93,380	9,703
12,000	7,12,180	-78,540	8,277
Top PUT Volume:
Strike	OI	OI Change	Volume
12,700	2,82,520	23,240	17,280
12,800	2,55,640	1,73,460	12,594

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

This session’s Nifty Open Interest Volume Analysis makes clear that indecision will rule. For Nifty, focus on tactical credit spreads and neutral strategies around 24,500–25,000. Avoid aggressive directional bets until open interest and volume pick up on a clear breakout or breakdown. BankNifty participants should trail stops tightly and watch for sudden spikes, with the best setups found in range trades at support/resistance band pivots. For FINNIFTY and MIDCPNIFTY, keep risk minimal and churn quick trades as consolidation drives action. Let today’s open interest, volume, and premium cues anchor smart trades—and be ready to move when the next big directional signal emerges.

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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