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

NIFTY’s Open Interest Volume Analysis signals fresh long activity: Combined open interest ticks up (+0.19%) with prices firming, indicating the first real signs of bullish build-up after days of short dominance.

Near-month futures see short covering, far-month bring fresh longs: November OI dips slightly and price rises, while December OI surges (+2.7%)—classic evidence of long positions emerging for a possible trend reversal.

Volumes surge, confirming participation: Strong increase in combined volume (+80.6%) adds conviction to the move, suggesting institutional and smart money are returning to add long exposure.

Weekly options PCR jumps above 1: A weekly put-call ratio at 1.040 shows put writers reclaim initiative, which often precedes a period of market stability or higher prices.

Option chains anchor support at 25700–25800: Max pain and highest additions cluster here, marking a short-term base where traders now expect consolidation or grind higher.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 25694.95 (0.472%)

Combined = November + December + January

Combined Fut Open Interest Change: 0.19%

Combined Fut Volume Change: 80.59%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 8% Previous 8%

NIFTY NOVEMBER Future closed at: 25811.4 (0.455%)

November Fut Premium 116.45 (Decreased by -3.7 points)

November Fut Open Interest Change: -0.04%

November Fut Volume Change: 79.09%

November Fut Open Interest Analysis: Short Covering

NIFTY DECEMBER Future closed at: 25994.2 (0.430%)

December Fut Premium 299.25 (Decreased by -9.3 points)

December Fut Open Interest Change: 2.70%

December Fut Volume Change: 110.87%

December Fut Open Interest Analysis: Fresh Long

NIFTY Weekly Expiry (18/11/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.040 (Increased from 0.784)

Put-Call Ratio (Volume): 0.882

Max Pain Level: 25700

Maximum CALL Open Interest: 27000

Maximum PUT Open Interest: 25000

Highest CALL Addition: 26500

Highest PUT Addition: 24500

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

Put-Call Ratio (Open Interest): 0.968 (Decreased from 0.986)

Put-Call Ratio (Volume): 0.857

Max Pain Level: 25800

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 25000

Highest CALL Addition: 27000

Highest PUT Addition: 25300

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 58138.15 (0.346%)

Combined = November + December + January

Combined Fut Open Interest Change: -0.37%

Combined Fut Volume Change: 60.45%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 9% Previous 9%

BANKNIFTY NOVEMBER Future closed at: 58370.8 (0.204%)

November Fut Premium 232.65 (Decreased by -82 points)

November Fut Open Interest Change: -0.6%

November Fut Volume Change: 56.5%

November Fut Open Interest Analysis: Short Covering

BANKNIFTY DECEMBER Future closed at: 58718 (0.180%)

December Fut Premium 579.85 (Decreased by -95.2 points)

December Fut Open Interest Change: 1.02%

December Fut Volume Change: 107.06%

December Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 0.921 (Increased from 0.919)

Put-Call Ratio (Volume): 1.019

Max Pain Level: 58000

Maximum CALL Open Interest: 58000

Maximum PUT Open Interest: 58500

Highest CALL Addition: 62000

Highest PUT Addition: 54000

FINNIFTY Future Analysis

FINNIFTY Spot closed at: 27279.3 (-0.094%)

Combined = November + December + January

Combined Fut Open Interest Change: -3.2%

Combined Fut Volume Change: 172.2%

Combined Fut Open Interest Analysis: Long Covering

Rollover: 3% Previous 2%

FINNIFTY NOVEMBER Future closed at: 27385.7 (-0.220%)

November Fut Premium 106.4 (Decreased by -34.65 points)

November Fut Open Interest Change: -3.64%

November Fut Volume Change: 170.62%

November Fut Open Interest Analysis: Long Covering

FINNIFTY DECEMBER Future closed at: 27540.2 (-0.259%)

December Fut Premium 260.9 (Decreased by -45.85 points)

December Fut Open Interest Change: 13.33%

December Fut Volume Change: 200.00%

December Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.804 (Decreased from 0.927)

Put-Call Ratio (Volume): 0.808

Max Pain Level: 27300

Maximum CALL Open Interest: 28500

Maximum PUT Open Interest: 25500

Highest CALL Addition: 27700

Highest PUT Addition: 26900

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 13681.2 (1.137%)

Combined = November + December + January

Combined Fut Open Interest Change: 4.27%

Combined Fut Volume Change: 4.59%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 3% Previous 3%

MIDCPNIFTY NOVEMBER Future closed at: 13739.85 (1.113%)

November Fut Premium 58.65 (Decreased by -2.6 points)

November Fut Open Interest Change: 3.78%

November Fut Volume Change: 3.11%

November Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY DECEMBER Future closed at: 13792.35 (1.066%)

December Fut Premium 111.15 (Decreased by -8.3 points)

December Fut Open Interest Change: 20.20%

December Fut Volume Change: 20.54%

December Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.185 (Increased from 1.057)

Put-Call Ratio (Volume): 1.053

Max Pain Level: 13500

Maximum CALL Open Interest: 14000

Maximum PUT Open Interest: 13300

Highest CALL Addition: 14200

Highest PUT Addition: 13600

SENSEX Monthly Expiry (27/11/2025) Future

SENSEX Spot closed at: 83,871.32 (0.402%)

SENSEX Monthly Future closed at: 84,288.70 (0.337%)

Premium: 417.38 (Decreased by -52.92 points)

Open Interest Change: -0.56%

Volume Change: 53.08%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (OI): 1.413 (Increased from 1.214)

Put-Call Ratio (Volume): 0.981

Max Pain Level: 83700

Maximum CALL OI: 85000

Maximum PUT OI: 80000

Highest CALL Addition: 85000

Highest PUT Addition: 83000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 803.22 Cr.
DIIs Net BUY: ₹ 2,188.47 Cr.

FII Derivatives Activity

FII Trading Stats	11.11.25	10.11.25	7.11.25
FII Cash (Provisional Data)	-803.22	-4,114.85	4,581.34
Index Future Open Interest Long Ratio	12.68%	13.02%	13.22%
Index Future Volume Long Ratio	43.89%	36.82%	33.16%
Call Option Open Interest Long Ratio	50.14%	49.50%	50.55%
Call Option Volume Long Ratio	50.33%	49.85%	50.19%
Put Option Open Interest Long Ratio	64.04%	60.46%	62.66%
Put Option Volume Long Ratio	49.79%	49.86%	50.18%
Stock Future Open Interest Long Ratio	60.50%	60.52%	60.51%
Stock Future Volume Long Ratio	49.70%	49.90%	48.27%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Short Covering	Fresh Short	Fresh Long
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Short Covering	Fresh Short	Fresh Long
BankNifty Futures	Fresh Short	Fresh Short	Short Covering
BankNifty Options	Fresh Short	Fresh Short	Fresh Short
FinNifty Futures	Long Covering	Fresh Short	Fresh Long
FinNifty Options	Short Covering	Fresh Long	Long Covering
MidcpNifty Futures	Fresh Long	Fresh Long	Fresh Short
MidcpNifty Options	Fresh Long	Long Covering	Fresh Long
NiftyNxt50 Futures	Long Covering	Long Covering	Fresh Short
NiftyNxt50 Options	Fresh Short	Fresh Long	Fresh Long
Stock Futures	Fresh Long	Fresh Long	Fresh Short
Stock Options	Fresh Long	Fresh Short	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 83871.32. The SENSEX weekly expiry for NOVEMBER 13, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.413 against previous 1.214. The 80000PE option holds the maximum open interest, followed by the 83000PE and 85000CE options. Market participants have shown increased interest with significant open interest additions in the 85000CE option, with open interest additions also seen in the 83000PE and 81000PE options. On the other hand, open interest reductions were prominent in the 83700CE, 89000CE, and 83600CE options. Trading volume was highest in the 84000CE option, followed by the 83500PE and 83500CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	13-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
83871.32	1.413	1.214	0.981
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,52,47,400	1,09,54,280	42,93,120
PUT:	2,15,42,120	1,33,00,740	82,41,380
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	13,90,740	7,70,140	1,33,69,140
87000	11,89,340	4,51,960	40,58,720
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
85000	13,90,740	7,70,140	1,33,69,140
85500	10,94,540	6,11,520	65,42,760
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
83700	2,29,800	-1,29,600	1,63,61,100
89000	84,680	-70,640	8,65,860
Top CALL Volume:
Strike	OI	OI Change	Volume
84000	7,34,880	1,63,680	2,36,16,380
83500	5,26,180	-43,420	2,22,54,540
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	14,22,560	3,71,000	59,25,840
83000	14,14,840	7,67,860	2,07,96,680
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
83000	14,14,840	7,67,860	2,07,96,680
81000	11,82,740	6,82,120	61,41,220
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
80500	5,10,460	-50,160	36,20,080
82100	2,01,520	-36,060	37,45,380
Top PUT Volume:
Strike	OI	OI Change	Volume
83500	10,70,920	3,34,060	2,31,58,720
83000	14,14,840	7,67,860	2,07,96,680

NIFTY Weekly Expiry (18/11/2025)

The NIFTY index closed at 25694.95. The NIFTY weekly expiry for NOVEMBER 18, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.040 against previous 0.784. The 27000CE option holds the maximum open interest, followed by the 25000PE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 24500PE option, with open interest additions also seen in the 25000PE and 24000PE options. On the other hand, open interest reductions were prominent in the 27600CE, 25200CE, and 27150CE options. Trading volume was highest in the 25500PE option, followed by the 25800CE and 25600PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	18-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,694.95	1.040	0.784	0.882
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,72,57,600	4,12,48,650	2,60,08,950
PUT:	6,99,58,275	3,23,43,150	3,76,15,125
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,000	55,36,050	12,43,875	1,96,341
26,000	52,17,300	21,35,925	4,88,059
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,500	45,35,700	22,16,250	2,16,752
26,000	52,17,300	21,35,925	4,88,059
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,600	1,83,000	-45,825	8,484
25,200	2,13,975	-35,850	9,209
Top CALL Volume:
Strike	OI	OI Change	Volume
25,800	33,80,100	9,30,675	5,41,072
25,600	24,56,175	6,13,875	5,11,532
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	53,01,300	25,60,875	2,96,964
24,500	49,11,825	27,95,925	1,88,194
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,500	49,11,825	27,95,925	1,88,194
25,000	53,01,300	25,60,875	2,96,964
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,400	12,825	-1,650	179
27,350	75	-75	1
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	40,06,275	21,96,600	5,57,141
25,600	40,14,900	20,43,450	5,22,200

NIFTY Monthly Expiry (25/11/2025)

The NIFTY index closed at 25694.95. The NIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.968 against previous 0.986. The 26000CE option holds the maximum open interest, followed by the 25000PE and 27000CE options. Market participants have shown increased interest with significant open interest additions in the 25300PE option, with open interest additions also seen in the 27000CE and 27300CE options. On the other hand, open interest reductions were prominent in the 25000PE, 26100CE, and 25200PE 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
25,694.95	0.968	0.986	0.857
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,95,16,200	4,79,02,800	16,13,400
PUT:	4,79,19,000	4,72,15,800	7,03,200
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	69,57,075	-61,425	1,68,932
27,000	41,93,175	6,27,975	46,633
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,000	41,93,175	6,27,975	46,633
27,300	5,99,925	3,58,575	12,377
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,100	23,50,425	-3,41,700	58,065
26,300	19,35,675	-2,12,850	51,865
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	69,57,075	-61,425	1,68,932
25,600	15,00,675	1,45,575	92,279
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	43,38,150	-3,63,525	93,291
26,000	38,40,750	-3,26,250	36,645
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,300	24,36,750	7,38,825	75,434
24,800	13,56,150	2,57,700	33,549
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	43,38,150	-3,63,525	93,291
25,200	19,80,450	-3,38,325	66,693
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	36,94,125	-2,72,925	1,32,246
25,000	43,38,150	-3,63,525	93,291

BANKNIFTY Monthly Expiry (25/11/2025)

The BANKNIFTY index closed at 58138.15. The BANKNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.921 against previous 0.919. The 58000CE option holds the maximum open interest, followed by the 58500CE and 58500PE options. Market participants have shown increased interest with significant open interest additions in the 54000PE option, with open interest additions also seen in the 62000CE and 66000CE options. On the other hand, open interest reductions were prominent in the 56000PE, 58000PE, and 57000PE options. Trading volume was highest in the 58000PE option, followed by the 58000CE and 57800PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	25-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
58,138.15	0.921	0.919	1.019
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,53,91,145	1,52,99,095	92,050
PUT:	1,41,68,175	1,40,59,675	1,08,500
Top CALL Open Interest:
Strike	OI	OI Change	Volume
58,000	14,99,085	-81,270	1,82,706
58,500	14,76,825	15,540	99,343
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
62,000	7,83,300	73,465	26,268
66,000	2,27,115	68,985	5,418
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
58,000	14,99,085	-81,270	1,82,706
60,500	4,93,780	-45,885	28,131
Top CALL Volume:
Strike	OI	OI Change	Volume
58,000	14,99,085	-81,270	1,82,706
58,500	14,76,825	15,540	99,343
Top PUT Open Interest:
Strike	OI	OI Change	Volume
58,500	14,36,120	15,715	40,926
58,000	14,01,470	-1,03,495	1,84,651
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
54,000	4,80,690	94,815	21,733
55,100	87,465	48,860	3,698
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
56,000	7,68,425	-1,11,685	51,331
58,000	14,01,470	-1,03,495	1,84,651
Top PUT Volume:
Strike	OI	OI Change	Volume
58,000	14,01,470	-1,03,495	1,84,651
57,800	2,57,635	-22,085	99,474

FINNIFTY Monthly Expiry (25/11/2025)

The FINNIFTY index closed at 27279.3. The FINNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.804 against previous 0.927. The 28500CE option holds the maximum open interest, followed by the 27500CE and 27300CE options. Market participants have shown increased interest with significant open interest additions in the 27700CE option, with open interest additions also seen in the 27600CE and 27300CE options. On the other hand, open interest reductions were prominent in the 27000PE, 27500PE, and 27000CE options. Trading volume was highest in the 27000PE option, followed by the 27300CE and 27500CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	25-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
27,279.30	0.804	0.927	0.808
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,97,905	6,67,420	30,485
PUT:	5,60,950	6,18,670	-57,720
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,500	88,920	1,625	436
27,500	85,800	-6,305	3,960
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,700	38,090	16,250	1,489
27,600	33,150	12,285	1,100
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,000	20,215	-10,465	1,939
27,200	21,710	-7,540	2,570
Top CALL Volume:
Strike	OI	OI Change	Volume
27,300	60,320	12,025	4,006
27,500	85,800	-6,305	3,960
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,500	59,345	-2,990	288
26,500	47,060	-3,510	1,239
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,900	20,865	7,410	768
27,100	19,955	6,240	2,707
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
27,000	43,940	-20,475	5,016
27,500	42,770	-11,180	802
Top PUT Volume:
Strike	OI	OI Change	Volume
27,000	43,940	-20,475	5,016
27,100	19,955	6,240	2,707

MIDCPNIFTY Monthly Expiry (25/11/2025)

The MIDCPNIFTY index closed at 13681.2. The MIDCPNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.185 against previous 1.057. The 14000CE option holds the maximum open interest, followed by the 13300PE and 13500PE options. Market participants have shown increased interest with significant open interest additions in the 13600PE option, with open interest additions also seen in the 13300PE and 13550PE options. On the other hand, open interest reductions were prominent in the 69000CE, 69600CE, and 70300PE options. Trading volume was highest in the 14000CE option, followed by the 13500PE and 13300PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	25-11-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,681.20	1.185	1.057	1.053
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	67,35,260	67,48,840	-13,580
PUT:	79,78,180	71,30,900	8,47,280
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	10,95,220	48,720	20,300
14,500	5,68,400	5,600	4,612
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,200	4,15,380	85,680	5,901
14,000	10,95,220	48,720	20,300
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,500	4,56,120	-1,20,400	13,302
13,000	1,14,240	-53,340	1,480
Top CALL Volume:
Strike	OI	OI Change	Volume
14,000	10,95,220	48,720	20,300
13,800	4,04,180	-4,340	17,664
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,300	9,48,080	1,71,220	18,265
13,500	8,78,360	85,680	19,458
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,600	4,47,720	2,09,020	12,088
13,300	9,48,080	1,71,220	18,265
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,800	2,36,040	-61,460	4,629
12,900	1,64,220	-59,220	3,873
Top PUT Volume:
Strike	OI	OI Change	Volume
13,500	8,78,360	85,680	19,458
13,300	9,48,080	1,71,220	18,265

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

Bullish bias returning as shorts unwind and new longs establish: Today’s Open Interest Volume Analysis confirms a major tactical shift towards long-side trades in NIFTY and MIDCPNIFTY, with other key indices showing supportive data as well.

Actionable feedback: Focus on fresh long setups near max pain (25700–25800), tighten stops, and scale up position size only if OI and volume trends sustain over the next sessions.

BankNIFTY and MIDCPNIFTY shine for swing trades: BankNIFTY shows short covering, and MIDCPNIFTY displays heavy long build-up, offering strong relative momentum for sector rotation plays.

Option data signals: Watch for PCR trends and pain points: If weekly PCR stays above 1 and price holds above max pain, a broader bullish move is likely.

Stay alert for confirmation: Open Interest Volume Analysis advocates nimble long-side trading, but wait for persistent OI and volume increases before committing to multi-day positions.

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

FII / FPI trading activity in Capital Market Segment

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BSE Derivatives Raw Data

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