NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 6/11/2025

NIFTY’s Open Interest Volume Analysis signals renewed bearish momentum: Combined open interest ticks up 0.2% on further price decline, confirming persistent fresh short building across November, December, and January series.

Fresh shorts visible in near-month and far-month contracts: December OI up +2%, spot and futures down -0.3% to -0.4%—consistent short-side bias as new sellers dominate over the end-of-week.

Options PCR deteriorates: Weekly put-call ratio drops sharply to 0.627, monthly at 1.045, reinforcing the bearish tilt as call writers ramp up activity with each dip.

Key option levels anchor at 25600: Max pain aligns exactly at heavy addition levels, suggesting the market expects limited bounce and consolidation below resistance zones.

Premiums expand while prices fall: Growing futures premium points to increased volatility, with sellers pricing in deeper downside or risk hedging at current levels.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 25509.7 (-0.3%)

Combined = November + December + January

Combined Fut Open Interest Change: 0.2%

Combined Fut Volume Change: -19.0%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 8% Previous 7%

NIFTY NOVEMBER Future closed at: 25627.2 (-0.3%)

November Fut Premium 117.5 (Increased by 6.85 points)

November Fut Open Interest Change: -0.1%

November Fut Volume Change: -20.9%

November Fut Open Interest Analysis: Long Covering

NIFTY DECEMBER Future closed at: 25807.1 (-0.4%)

December Fut Premium 297.4 (Decreased by -2.85 points)

December Fut Open Interest Change: 2.0%

December Fut Volume Change: 12.6%

December Fut Open Interest Analysis: Fresh Short

NIFTY Weekly Expiry (11/11/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.627 (Decreased from 0.733)

Put-Call Ratio (Volume): 0.947

Max Pain Level: 25600

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 25000

Highest CALL Addition: 25600

Highest PUT Addition: 25500

NIFTY Monthly Expiry (25/11/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.045 (Decreased from 1.108)

Put-Call Ratio (Volume): 0.826

Max Pain Level: 25900

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 25000

Highest CALL Addition: 26100

Highest PUT Addition: 25600

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 57554.25 (-0.5%)

Combined = November + December + January

Combined Fut Open Interest Change: 5.7%

Combined Fut Volume Change: -1.1%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 9% Previous 10%

BANKNIFTY NOVEMBER Future closed at: 57886.8 (-0.4%)

November Fut Premium332.55 (Increased by 41.8 points)

November Fut Open Interest Change: 6.4%

November Fut Volume Change: -3.0%

November Fut Open Interest Analysis: Fresh Short

BANKNIFTY DECEMBER Future closed at: 58254 (-0.4%)

December Fut Premium699.75 (Increased by 45.8 points)

December Fut Open Interest Change: -2.5%

December Fut Volume Change: 25.0%

December Fut Open Interest Analysis: Long Covering

BANKNIFTY Monthly Expiry  (25/11/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.781 (Decreased from 0.830)

Put-Call Ratio (Volume): 1.079

Max Pain Level: 58000

Maximum CALL Open Interest: 58000

Maximum PUT Open Interest: 58000

Highest CALL Addition: 58000

Highest PUT Addition: 57600

FINNIFTY Future Analysis

FINNIFTY Spot closed at: 27033.1 (-0.6%)

Combined = November + December + January

Combined Fut Open Interest Change: 15.1%

Combined Fut Volume Change: 78.1%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 2% Previous 2%

FINNIFTY NOVEMBER Future closed at: 27183.1 (-0.5%)

November Fut Premium 150 (Increased by 18.6 points)

November Fut Open Interest Change: 14.5%

November Fut Volume Change: 76.9%

November Fut Open Interest Analysis: Fresh Short

FINNIFTY DECEMBER Future closed at: 27348.5 (-0.3%)

December Fut Premium 315.4 (Increased by 74.4 points)

December Fut Open Interest Change: 45.5%

December Fut Volume Change: 200.0%

December Fut Open Interest Analysis: Fresh Short

FINNIFTY Monthly Expiry  (25/11/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.847 (Decreased from 0.919)

Put-Call Ratio (Volume): 0.524

Max Pain Level: 27300

Maximum CALL Open Interest: 27500

Maximum PUT Open Interest: 26000

Highest CALL Addition: 27300

Highest PUT Addition: 27200

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 13375.25 (-1.0%)

Combined = November + December + January

Combined Fut Open Interest Change: 3.3%

Combined Fut Volume Change: 29.6%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 3% Previous 3%

MIDCPNIFTY NOVEMBER Future closed at: 13412.3 (-0.8%)

November Fut Premium 37.05 (Increased by 24.15 points)

November Fut Open Interest Change: 3.1%

November Fut Volume Change: 28.1%

November Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY DECEMBER Future closed at: 13473.95 (-0.8%)

December Fut Premium 98.7 (Increased by 20.65 points)

December Fut Open Interest Change: 12.8%

December Fut Volume Change: 70.1%

December Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY Monthly Expiry  (25/11/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.932 (Decreased from 0.962)

Put-Call Ratio (Volume): 0.958

Max Pain Level: 13450

Maximum CALL Open Interest: 14000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 14000

Highest PUT Addition: 12700

SENSEX Monthly Expiry (27/11/2025) Future

SENSEX Spot closed at: 83,311.01 (-0.18%)

SENSEX Monthly Future closed at: 83,790.10 (-0.21%)

Premium: 479.09 (Decreased by -28.06 points)

Open Interest Change: 15.7%

Volume Change: 124.9%

Open Interest Analysis: Fresh Short

SENSEX Weekly Expiry (13/11/2025) Option Analysis

Put-Call Ratio (OI): 0.706 (Increased from 0.626)

Put-Call Ratio (Volume): 0.910

Max Pain Level: 83500

Maximum CALL OI: 87000

Maximum PUT OI: 80000

Highest CALL Addition: 87000

Highest PUT Addition: 80000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 3,263.21 Cr.
DIIs Net BUY: ₹ 5,283.91 Cr.

FII Derivatives Activity

FII Trading Stats	6.11.25	4.11.25	3.11.25
FII Cash (Provisional Data)	-3,263.21	-1,067.01	-1,883.78
Index Future Open Interest Long Ratio	14.29%	15.22%	15.61%
Index Future Volume Long Ratio	44.57%	38.66%	37.90%
Call Option Open Interest Long Ratio	48.94%	50.80%	50.39%
Call Option Volume Long Ratio	49.71%	50.33%	49.99%
Put Option Open Interest Long Ratio	63.55%	66.55%	60.50%
Put Option Volume Long Ratio	50.01%	50.76%	49.87%
Stock Future Open Interest Long Ratio	60.76%	60.91%	61.57%
Stock Future Volume Long Ratio	49.22%	44.10%	48.43%
Index Futures	Long Covering	Fresh Short	Fresh Short
Index Options	Fresh Short	Short Covering	Long Covering
Nifty Futures	Long Covering	Fresh Short	Fresh Short
Nifty Options	Fresh Short	Short Covering	Long Covering
BankNifty Futures	Long Covering	Long Covering	Fresh Long
BankNifty Options	Fresh Short	Fresh Long	Fresh Short
FinNifty Futures	Fresh Short	Long Covering	Long Covering
FinNifty Options	Fresh Short	Fresh Long	Fresh Short
MidcpNifty Futures	Fresh Long	Long Covering	Fresh Long
MidcpNifty Options	Fresh Short	Short Covering	Fresh Long
NiftyNxt50 Futures	Long Covering	Long Covering	Fresh Long
NiftyNxt50 Options	Fresh Short	Fresh Long	Fresh Short
Stock Futures	Long Covering	Long Covering	Fresh Short
Stock Options	Fresh Long	Fresh Long	Fresh Short

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 (13/11/2025)

The SENSEX index closed at 83311.01. The SENSEX weekly expiry for NOVEMBER 13, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.706 against previous 0.626. The 87000CE option holds the maximum open interest, followed by the 83500CE and 80000PE options. Market participants have shown increased interest with significant open interest additions in the 87000CE option, with open interest additions also seen in the 83500CE and 80000PE options. On the other hand, open interest reductions were prominent in the 84600PE, 84900PE, and 92200CE options. Trading volume was highest in the 83500PE option, followed by the 83500CE and 84000CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	13-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
83311.01	0.706	0.626	0.910
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	44,64,540	12,75,680	31,88,860
PUT:	31,51,020	7,98,720	23,52,300
Top CALL Open Interest:
Strike	OI	OI Change	Volume
87000	4,72,500	4,22,080	10,99,760
83500	3,92,980	3,26,260	25,22,120
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
87000	4,72,500	4,22,080	10,99,760
83500	3,92,980	3,26,260	25,22,120
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
92200	320	-20	440
92300	200	–	–
Top CALL Volume:
Strike	OI	OI Change	Volume
83500	3,92,980	3,26,260	25,22,120
84000	2,67,060	1,61,260	18,85,460
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	3,53,720	3,13,400	9,60,300
83500	3,48,940	2,58,960	31,09,560
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80000	3,53,720	3,13,400	9,60,300
83500	3,48,940	2,58,960	31,09,560
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
84600	5,880	-600	8,700
84900	1,840	-140	2,340
Top PUT Volume:
Strike	OI	OI Change	Volume
83500	3,48,940	2,58,960	31,09,560
83000	1,84,120	1,30,180	16,99,580

NIFTY Weekly Expiry (4/11/2025)

The NIFTY index closed at 25509.7. The NIFTY weekly expiry for NOVEMBER 11, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.627 against previous 0.733. The 26000CE option holds the maximum open interest, followed by the 26500CE and 25700CE options. Market participants have shown increased interest with significant open interest additions in the 25600CE option, with open interest additions also seen in the 25700CE and 26500CE options. On the other hand, open interest reductions were prominent in the 25800PE, 26000PE, and 26100PE options. Trading volume was highest in the 25600PE option, followed by the 25500PE and 25600CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	11-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,509.70	0.627	0.733	0.947
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	18,37,62,075	9,68,66,925	8,68,95,150
PUT:	11,51,90,925	7,09,72,500	4,42,18,425
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,26,62,925	49,15,425	13,51,005
26,500	1,08,09,150	59,21,025	9,83,685
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,600	94,61,550	67,32,075	30,25,226
25,700	1,07,53,800	62,24,325	23,80,602
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,200	1,18,050	-8,475	21,025
24,800	36,225	-8,100	841
Top CALL Volume:
Strike	OI	OI Change	Volume
25,600	94,61,550	67,32,075	30,25,226
25,700	1,07,53,800	62,24,325	23,80,602
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	86,15,775	25,62,450	7,37,275
25,200	75,73,875	23,74,575	8,70,162
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,500	64,73,700	34,80,825	32,56,435
25,400	57,26,775	34,18,800	15,43,106
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,800	15,25,275	-4,48,350	4,63,779
26,000	17,48,100	-2,07,450	73,810
Top PUT Volume:
Strike	OI	OI Change	Volume
25,600	51,66,000	18,45,975	37,37,367
25,500	64,73,700	34,80,825	32,56,435

NIFTY Monthly Expiry (25/11/2025)

The NIFTY index closed at 25509.7. The NIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.045 against previous 1.108. The 26000CE option holds the maximum open interest, followed by the 25000PE and 26000PE options. Market participants have shown increased interest with significant open interest additions in the 26100CE option, with open interest additions also seen in the 25700CE and 25800CE options. On the other hand, open interest reductions were prominent in the 25400PE, 26000PE, and 25300PE options. Trading volume was highest in the 26000CE option, followed by the 25500PE and 25000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	25-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,509.70	1.045	1.108	0.826
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,36,65,975	4,15,57,050	21,08,925
PUT:	4,56,50,100	4,60,50,075	-3,99,975
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	64,17,975	2,17,575	1,01,031
27,000	38,87,025	65,775	35,099
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,100	22,55,925	5,78,850	40,581
25,700	14,51,625	2,88,375	48,346
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,800	11,55,225	-1,53,375	15,548
26,700	8,63,625	-1,26,975	17,961
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	64,17,975	2,17,575	1,01,031
26,500	33,94,650	-84,675	64,624
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	47,82,525	1,07,550	68,325
26,000	43,41,300	-2,69,550	29,373
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,600	11,63,400	1,65,600	53,290
25,000	47,82,525	1,07,550	68,325
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,400	11,29,650	-3,02,100	31,900
26,000	43,41,300	-2,69,550	29,373
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	35,57,475	-1,71,825	86,861
25,000	47,82,525	1,07,550	68,325

BANKNIFTY Monthly Expiry (25/11/2025)

The BANKNIFTY index closed at 57554.25. The BANKNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.781 against previous 0.830. The 58000PE option holds the maximum open interest, followed by the 58000CE and 60000CE options. Market participants have shown increased interest with significant open interest additions in the 58000CE option, with open interest additions also seen in the 57600PE and 57700CE options. On the other hand, open interest reductions were prominent in the 57000PE, 57000CE, and 54000PE options. Trading volume was highest in the 57700PE option, followed by the 58000CE and 58000PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	25-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
57,554.25	0.781	0.830	1.079
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,46,53,730	1,35,97,395	10,56,335
PUT:	1,14,48,010	1,12,84,385	1,63,625
Top CALL Open Interest:
Strike	OI	OI Change	Volume
58,000	15,88,090	3,05,795	1,06,548
60,000	11,32,320	27,195	49,325
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
58,000	15,88,090	3,05,795	1,06,548
57,700	1,77,905	1,12,700	53,739
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
57,000	8,48,890	-1,29,430	14,291
59,000	8,84,555	-31,990	54,108
Top CALL Volume:
Strike	OI	OI Change	Volume
58,000	15,88,090	3,05,795	1,06,548
58,500	10,65,085	85,540	57,762
Top PUT Open Interest:
Strike	OI	OI Change	Volume
58,000	17,20,145	3,885	1,01,621
57,000	10,99,210	-1,60,930	72,523
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
57,600	2,13,325	1,15,920	82,372
57,700	1,91,380	63,035	1,09,978
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
57,000	10,99,210	-1,60,930	72,523
54,000	3,81,815	-43,855	16,240
Top PUT Volume:
Strike	OI	OI Change	Volume
57,700	1,91,380	63,035	1,09,978
58,000	17,20,145	3,885	1,01,621

FINNIFTY Monthly Expiry (25/11/2025)

The FINNIFTY index closed at 27033.1. The FINNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.847 against previous 0.919. The 27500CE option holds the maximum open interest, followed by the 29000CE and 27300CE options. Market participants have shown increased interest with significant open interest additions in the 27300CE option, with open interest additions also seen in the 27500CE and 27200CE options. On the other hand, open interest reductions were prominent in the 30000CE, 29000CE, and 25500PE options. Trading volume was highest in the 27300CE option, followed by the 27500CE and 27100PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	25-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
27,033.10	0.847	0.919	0.524
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	7,27,870	5,61,860	1,66,010
PUT:	6,16,200	5,16,490	99,710
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,500	1,02,635	34,840	7,125
29,000	1,00,555	-5,720	366
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,300	89,180	66,365	9,241
27,500	1,02,635	34,840	7,125
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
30,000	8,710	-7,215	221
29,000	1,00,555	-5,720	366
Top CALL Volume:
Strike	OI	OI Change	Volume
27,300	89,180	66,365	9,241
27,500	1,02,635	34,840	7,125
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	71,955	17,875	1,761
26,500	63,375	6,370	1,250
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
27,200	33,475	18,460	1,458
26,000	71,955	17,875	1,761
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	59,475	-4,550	487
27,400	10,855	-1,820	345
Top PUT Volume:
Strike	OI	OI Change	Volume
27,100	20,735	3,705	2,139
27,000	37,895	8,580	1,809

MIDCPNIFTY Monthly Expiry (25/11/2025)

The MIDCPNIFTY index closed at 13375.25. The MIDCPNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.932 against previous 0.962. The 14000CE option holds the maximum open interest, followed by the 13000PE 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 13900CE and 12700PE options. On the other hand, open interest reductions were prominent in the 72000CE, 70500PE, and 69000PE options. Trading volume was highest in the 13500PE option, followed by the 13400PE and 13500CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	25-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,375.25	0.932	0.962	0.958
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	65,73,280	61,41,100	4,32,180
PUT:	61,27,100	59,05,900	2,21,200
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	10,74,500	1,12,280	12,678
13,500	7,31,360	80,220	14,181
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,000	10,74,500	1,12,280	12,678
13,900	2,40,800	88,200	6,547
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,550	1,48,680	-1,37,900	3,603
14,800	90,720	-37,660	909
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	7,31,360	80,220	14,181
14,000	10,74,500	1,12,280	12,678
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,71,400	-2,100	8,195
13,500	6,81,800	11,480	16,848
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,700	2,82,100	84,280	3,646
12,600	2,41,360	66,220	3,694
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,550	66,220	-37,380	1,468
12,000	1,81,160	-18,620	725
Top PUT Volume:
Strike	OI	OI Change	Volume
13,500	6,81,800	11,480	16,848
13,400	6,31,960	26,320	14,231

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

Bearish trend remains front and center: Today’s Open Interest Volume Analysis confirms systematic short additions and option chain alignment against any meaningful upside attempts.

Actionable feedback: Continue to prefer short trades on rallies near max pain or heavy call OI zones (25600–26000 spot levels); abstain from aggressive bottom-fishing until sustained short covering emerges in OI and PCR readings.

Sectoral consensus on weakness: BankNIFTY, FINNIFTY, MIDCPNIFTY all display similar short build-up, suggesting a broad-based caution—rotate only into sectors where fresh long OI appears.

Manage risk using option boundaries: Center position stops around 25600–25800 and use real-time OI spikes to avoid being trapped in sudden reversals.

Stay nimble: Open Interest Volume Analysis continues to advocate tactical, defensive strategies with readiness to flip if shorts begin to unwind or momentum shifts decisively.

Check Previous Day’s NSE & BSE Indices F&O Analysis

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