Turning Complex Derivative Data into Clear Market Insights
NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 12/11/2025

Table of Contents
NIFTY’s Open Interest Volume Analysis highlights active short covering: Combined open interest falls by -3.21% as price surges (+0.704%), showing bears aggressively exit shorts and giving the bulls momentum to drive higher.
Near-month futures witness strong short covering; far-month sees fresh longs: November open interest drops sharply (-4.15%) with price up, while December futures spike (+10.12%)—bulls begin building fresh positions for the next leg higher.
Option chain signals strong support: Weekly PCR jumps from 1.04 to 1.308 (monthly from 0.968 to 0.978), confirming put writing and confidence at 25850, which now acts as trend support.
Max pain and highest additions tightens the narrative: Option participants cluster action in 25800–26000 strikes, setting up a clear defensive band for bulls to protect this rally.
Volume settles but remains supportive: Despite a modest volume dip, high OI additions suggest sustained bullish activity has institutional backing.
NSE & BSE F&O Market Signals
NIFTY Future analysis
NIFTY Spot closed at: 25875.8 (0.704%)
Combined = November + December + January
Combined Fut Open Interest Change: -3.21%
Combined Fut Volume Change: -16.26%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 9% Previous 8%
NIFTY NOVEMBER Future closed at: 25986.1 (0.677%)
November Fut Premium 110.3 (Decreased by -6.15 points)
November Fut Open Interest Change: -4.15%
November Fut Volume Change: -19.63%
November Fut Open Interest Analysis: Short Covering
NIFTY DECEMBER Future closed at: 26164 (0.653%)
December Fut Premium 288.2 (Decreased by -11.05 points)
December Fut Open Interest Change: 10.12%
December Fut Volume Change: 17.44%
December Fut Open Interest Analysis: Fresh Long
NIFTY Weekly Expiry (18/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.308 (Increased from 1.040)
Put-Call Ratio (Volume): 0.952
Max Pain Level: 25850
Maximum CALL Open Interest: 26000
Maximum PUT Open Interest: 25800
Highest CALL Addition: 26700
Highest PUT Addition: 25800
NIFTY Monthly Expiry (25/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 0.978 (Increased from 0.968)
Put-Call Ratio (Volume): 1.011
Max Pain Level: 25850
Maximum CALL Open Interest: 26000
Maximum PUT Open Interest: 25000
Highest CALL Addition: 26400
Highest PUT Addition: 25900
BANKNIFTY Future Analysis
BANKNIFTY Spot closed at: 58274.65 (0.235%)
Combined = November + December + January
Combined Fut Open Interest Change: -2.84%
Combined Fut Volume Change: -14.57%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 10% Previous 9%
BANKNIFTY NOVEMBER Future closed at: 58523.2 (0.261%)
November Fut Premium 248.55 (Increased by 15.9 points)
November Fut Open Interest Change: -3.7%
November Fut Volume Change: -16.2%
November Fut Open Interest Analysis: Short Covering
BANKNIFTY DECEMBER Future closed at: 58867.6 (0.255%)
December Fut Premium 592.95 (Increased by 13.1 points)
December Fut Open Interest Change: 3.46%
December Fut Volume Change: -0.29%
December Fut Open Interest Analysis: Fresh Long
BANKNIFTY Monthly Expiry (25/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 0.927 (Increased from 0.921)
Put-Call Ratio (Volume): 0.834
Max Pain Level: 58000
Maximum CALL Open Interest: 58500
Maximum PUT Open Interest: 58500
Highest CALL Addition: 58400
Highest PUT Addition: 58500
FINNIFTY Future Analysis
FINNIFTY Spot closed at: 27337.35 (0.213%)
Combined = November + December + January
Combined Fut Open Interest Change: 2.5%
Combined Fut Volume Change: -43.8%
Combined Fut Open Interest Analysis: Fresh Long
Rollover: 4% Previous 3%
FINNIFTY NOVEMBER Future closed at: 27459.5 (0.269%)
November Fut Premium 122.15 (Increased by 15.75 points)
November Fut Open Interest Change: 1.37%
November Fut Volume Change: -46.14%
November Fut Open Interest Analysis: Fresh Long
FINNIFTY DECEMBER Future closed at: 27615 (0.272%)
December Fut Premium 277.65 (Increased by 16.75 points)
December Fut Open Interest Change: 41.18%
December Fut Volume Change: -6.67%
December Fut Open Interest Analysis: Fresh Long
FINNIFTY Monthly Expiry (25/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 0.875 (Increased from 0.804)
Put-Call Ratio (Volume): 0.777
Max Pain Level: 27350
Maximum CALL Open Interest: 27500
Maximum PUT Open Interest: 26000
Highest CALL Addition: 28600
Highest PUT Addition: 26000
MIDCPNIFTY Future Analysis
MIDCPNIFTY Spot closed at: 13855.4 (1.273%)
Combined = November + December + January
Combined Fut Open Interest Change: 62.75%
Combined Fut Volume Change: 301.98%
Combined Fut Open Interest Analysis: Fresh Long
Rollover: 3% Previous 3%
MIDCPNIFTY NOVEMBER Future closed at: 13940.9 (1.463%)
November Fut Premium 85.5 (Increased by 26.85 points)
November Fut Open Interest Change: 63.82%
November Fut Volume Change: 329.06%
November Fut Open Interest Analysis: Fresh Long
MIDCPNIFTY DECEMBER Future closed at: 13990.15 (1.434%)
December Fut Premium 134.75 (Increased by 23.6 points)
December Fut Open Interest Change: 30.25%
December Fut Volume Change: 34.92%
December Fut Open Interest Analysis: Fresh Long
MIDCPNIFTY Monthly Expiry (25/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.207 (Increased from 1.185)
Put-Call Ratio (Volume): 1.232
Max Pain Level: 13700
Maximum CALL Open Interest: 14000
Maximum PUT Open Interest: 13300
Highest CALL Addition: 13800
Highest PUT Addition: 13800
SENSEX Monthly Expiry (27/11/2025) Future
SENSEX Spot closed at: 84,466.51 (0.710%)
SENSEX Monthly Future closed at: 84,869.95 (0.690%)
Premium: 403.44 (Decreased by -13.94 points)
Open Interest Change: -13.51%
Volume Change: 5.98%
Open Interest Analysis: Short Covering
SENSEX Weekly Expiry (13/11/2025) Option Analysis
Put-Call Ratio (OI): 1.571 (Increased from 1.413)
Put-Call Ratio (Volume): 0.945
Max Pain Level: 84400
Maximum CALL OI: 85000
Maximum PUT OI: 82000
Highest CALL Addition: 86000
Highest PUT Addition: 82000
FII & DII Cash Market Activity
FIIs Net SELL: ₹ 1,750.03 Cr.
DIIs Net BUY: ₹ 5,127.12 Cr.
FII Derivatives Activity
| FII Trading Stats | 12.11.25 | 11.11.25 | 10.11.25 |
| FII Cash (Provisional Data) | -1,750.03 | -803.22 | -4,114.85 |
| Index Future Open Interest Long Ratio | 11.98% | 12.68% | 13.02% |
| Index Future Volume Long Ratio | 45.66% | 43.89% | 36.82% |
| Call Option Open Interest Long Ratio | 50.98% | 50.14% | 49.50% |
| Call Option Volume Long Ratio | 50.18% | 50.33% | 49.85% |
| Put Option Open Interest Long Ratio | 59.97% | 64.04% | 60.46% |
| Put Option Volume Long Ratio | 49.48% | 49.79% | 49.86% |
| Stock Future Open Interest Long Ratio | 60.94% | 60.50% | 60.52% |
| Stock Future Volume Long Ratio | 54.00% | 49.70% | 49.90% |
| Index Futures | Fresh Short | Fresh Short | Fresh Short |
| Index Options | Fresh Short | Short Covering | Fresh Short |
| Nifty Futures | Short Covering | Fresh Short | Fresh Short |
| Nifty Options | Fresh Short | Short Covering | Fresh Short |
| BankNifty Futures | Long Covering | Fresh Short | Fresh Short |
| BankNifty Options | Fresh Short | Fresh Short | Fresh Short |
| FinNifty Futures | Fresh Short | Long Covering | Fresh Short |
| FinNifty Options | Short Covering | Short Covering | Fresh Long |
| MidcpNifty Futures | Fresh Short | Fresh Long | Fresh Long |
| MidcpNifty Options | Fresh Long | Fresh Long | Long Covering |
| NiftyNxt50 Futures | Fresh Short | Long Covering | Long Covering |
| NiftyNxt50 Options | Fresh Long | Fresh Short | Fresh Long |
| Stock Futures | Fresh Long | Fresh Long | Fresh Long |
| Stock Options | Fresh Short | 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 84466.51. The SENSEX weekly expiry for NOVEMBER 13, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.571 against previous 1.413. The 82000PE option holds the maximum open interest, followed by the 85000CE and 84000PE options. Market participants have shown increased interest with significant open interest additions in the 82000PE option, with open interest additions also seen in the 84000PE and 84200PE options. On the other hand, open interest reductions were prominent in the 84000CE, 83500CE, and 83900CE options. Trading volume was highest in the 85000CE option, followed by the 84500CE and 84000PE options, indicating active trading in these strikes.
| SENSEX | Weekly | Expiry: | 13-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 84466.51 | 1.571 | 1.413 | 0.945 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 2,59,75,460 | 1,52,47,400 | 1,07,28,060 |
| PUT: | 4,08,17,980 | 2,15,42,120 | 1,92,75,860 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 85000 | 22,51,920 | 8,61,180 | 12,91,74,360 |
| 86000 | 19,77,900 | 9,13,980 | 2,07,67,880 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 86000 | 19,77,900 | 9,13,980 | 2,07,67,880 |
| 85000 | 22,51,920 | 8,61,180 | 12,91,74,360 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 84000 | 3,00,460 | -4,34,420 | 1,19,71,920 |
| 83500 | 2,92,220 | -2,33,960 | 9,98,040 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 85000 | 22,51,920 | 8,61,180 | 12,91,74,360 |
| 84500 | 12,72,200 | 3,60,960 | 10,84,32,020 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 82000 | 27,03,340 | 16,55,140 | 1,66,31,100 |
| 84000 | 21,57,020 | 15,99,520 | 9,39,12,520 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 82000 | 27,03,340 | 16,55,140 | 1,66,31,100 |
| 84000 | 21,57,020 | 15,99,520 | 9,39,12,520 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 80700 | 87,980 | -1,92,580 | 9,61,880 |
| 82800 | 6,17,760 | -1,16,080 | 84,69,900 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 84000 | 21,57,020 | 15,99,520 | 9,39,12,520 |
| 84500 | 14,05,980 | 13,41,320 | 9,20,18,660 |
NIFTY Weekly Expiry (18/11/2025)
The NIFTY index closed at 25875.8. The NIFTY weekly expiry for NOVEMBER 18, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.308 against previous 1.040. The 25800PE option holds the maximum open interest, followed by the 26000CE and 27000CE options. Market participants have shown increased interest with significant open interest additions in the 25800PE option, with open interest additions also seen in the 25900PE and 25850PE options. On the other hand, open interest reductions were prominent in the 25700CE, 25600CE, and 25500CE options. Trading volume was highest in the 25800PE option, followed by the 26000CE and 25900CE options, indicating active trading in these strikes.
| NIFTY | Weekly | Expiry: | 18-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 25,875.80 | 1.308 | 1.040 | 0.952 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 9,31,89,975 | 6,72,57,600 | 2,59,32,375 |
| PUT: | 12,18,83,100 | 6,99,58,275 | 5,19,24,825 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 68,31,225 | 16,13,925 | 26,22,516 |
| 27,000 | 66,07,650 | 10,71,600 | 3,33,286 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 26,700 | 43,00,575 | 24,34,800 | 4,19,168 |
| 25,900 | 44,49,375 | 22,47,750 | 24,33,478 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 25,700 | 18,97,350 | -16,22,325 | 3,88,002 |
| 25,600 | 16,32,450 | -8,23,725 | 1,08,557 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 68,31,225 | 16,13,925 | 26,22,516 |
| 25,900 | 44,49,375 | 22,47,750 | 24,33,478 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 25,800 | 76,08,075 | 61,49,625 | 27,65,517 |
| 25,000 | 60,70,650 | 7,69,350 | 5,16,868 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 25,800 | 76,08,075 | 61,49,625 | 27,65,517 |
| 25,900 | 51,26,775 | 44,71,500 | 23,35,813 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,500 | 48,24,375 | -87,450 | 3,38,320 |
| 24,550 | 2,92,800 | -23,175 | 48,996 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 25,800 | 76,08,075 | 61,49,625 | 27,65,517 |
| 25,900 | 51,26,775 | 44,71,500 | 23,35,813 |
NIFTY Monthly Expiry (25/11/2025)
The NIFTY index closed at 25875.8. The NIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.978 against previous 0.968. The 26000CE option holds the maximum open interest, followed by the 27000CE and 25000PE options. Market participants have shown increased interest with significant open interest additions in the 26400CE option, with open interest additions also seen in the 26700CE and 26600CE options. On the other hand, open interest reductions were prominent in the 25300PE, 26000CE, and 26100CE options. Trading volume was highest in the 26000CE option, followed by the 25500PE and 26500CE options, indicating active trading in these strikes.
| NIFTY | Monthly | Expiry: | 25-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 25,875.80 | 0.978 | 0.968 | 1.011 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 4,78,57,875 | 4,95,16,200 | -16,58,325 |
| PUT: | 4,68,15,375 | 4,79,19,000 | -11,03,625 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 60,25,050 | -9,32,025 | 1,74,129 |
| 27,000 | 45,13,650 | 3,20,475 | 59,320 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 26,400 | 19,39,425 | 6,84,525 | 53,422 |
| 26,700 | 12,50,775 | 4,72,650 | 43,048 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 60,25,050 | -9,32,025 | 1,74,129 |
| 26,100 | 15,01,125 | -8,49,300 | 66,520 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 60,25,050 | -9,32,025 | 1,74,129 |
| 26,500 | 36,23,475 | -1,58,100 | 1,01,697 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 25,000 | 41,31,225 | -2,06,925 | 76,417 |
| 26,000 | 37,75,050 | -65,700 | 1,01,318 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 25,900 | 15,81,375 | 3,02,925 | 75,224 |
| 25,800 | 23,98,500 | 1,71,075 | 99,616 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 25,300 | 14,31,900 | -10,04,850 | 68,600 |
| 24,800 | 10,77,675 | -2,78,475 | 28,135 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 25,500 | 37,22,925 | 28,800 | 1,20,816 |
| 26,000 | 37,75,050 | -65,700 | 1,01,318 |
BANKNIFTY Monthly Expiry (25/11/2025)
The BANKNIFTY index closed at 58274.65. The BANKNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.927 against previous 0.921. The 58500PE option holds the maximum open interest, followed by the 58500CE and 58000PE options. Market participants have shown increased interest with significant open interest additions in the 58500PE option, with open interest additions also seen in the 58400CE and 58600PE options. On the other hand, open interest reductions were prominent in the 58000CE, 58100CE, and 58200CE options. Trading volume was highest in the 58500CE option, followed by the 58500PE and 58400CE options, indicating active trading in these strikes.
| BANKNIFTY | Monthly | Expiry: | 25-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 58,274.65 | 0.927 | 0.921 | 0.834 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,55,07,870 | 1,53,91,145 | 1,16,725 |
| PUT: | 1,43,70,860 | 1,41,68,175 | 2,02,685 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 15,16,165 | 39,340 | 1,92,337 |
| 58,000 | 13,37,385 | -1,61,700 | 62,727 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 58,400 | 2,98,305 | 99,890 | 1,20,398 |
| 66,000 | 3,11,640 | 84,525 | 7,478 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 58,000 | 13,37,385 | -1,61,700 | 62,727 |
| 58,100 | 1,49,345 | -1,18,335 | 23,482 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 15,16,165 | 39,340 | 1,92,337 |
| 58,400 | 2,98,305 | 99,890 | 1,20,398 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 15,54,630 | 1,18,510 | 1,42,942 |
| 58,000 | 14,81,200 | 79,730 | 1,10,515 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 15,54,630 | 1,18,510 | 1,42,942 |
| 58,600 | 1,53,370 | 90,090 | 40,731 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 56,000 | 7,02,485 | -65,940 | 35,928 |
| 54,000 | 4,19,720 | -60,970 | 12,598 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 15,54,630 | 1,18,510 | 1,42,942 |
| 58,000 | 14,81,200 | 79,730 | 1,10,515 |
FINNIFTY Monthly Expiry (25/11/2025)
The FINNIFTY index closed at 27337.35. The FINNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.875 against previous 0.804. The 27500CE option holds the maximum open interest, followed by the 26000PE and 27500PE options. Market participants have shown increased interest with significant open interest additions in the 26000PE option, with open interest additions also seen in the 28600CE and 28700CE options. On the other hand, open interest reductions were prominent in the 25500PE, 28500CE, and 27300CE options. Trading volume was highest in the 27500CE option, followed by the 27300PE and 27700CE options, indicating active trading in these strikes.
| FINNIFTY | Monthly | Expiry: | 25-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 27,337.35 | 0.875 | 0.804 | 0.777 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 6,70,280 | 6,97,905 | -27,625 |
| PUT: | 5,86,690 | 5,60,950 | 25,740 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 27,500 | 87,100 | 1,300 | 4,133 |
| 28,600 | 45,435 | 43,225 | 961 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 28,600 | 45,435 | 43,225 | 961 |
| 28,700 | 26,065 | 21,450 | 662 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 28,500 | 41,990 | -46,930 | 1,890 |
| 27,300 | 28,730 | -31,590 | 2,772 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 27,500 | 87,100 | 1,300 | 4,133 |
| 27,700 | 42,835 | 4,745 | 3,530 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 87,035 | 52,130 | 1,341 |
| 27,500 | 47,905 | 5,135 | 2,405 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 87,035 | 52,130 | 1,341 |
| 27,400 | 22,815 | 10,465 | 2,840 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 25,500 | 12,155 | -47,190 | 1,383 |
| 26,700 | 7,215 | -9,425 | 333 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 27,300 | 37,635 | 8,515 | 3,879 |
| 27,400 | 22,815 | 10,465 | 2,840 |
MIDCPNIFTY Monthly Expiry (25/11/2025)
The MIDCPNIFTY index closed at 13855.4. The MIDCPNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.207 against previous 1.185. The 13300PE option holds the maximum open interest, followed by the 13500PE and 14000CE options. Market participants have shown increased interest with significant open interest additions in the 13800PE option, with open interest additions also seen in the 13700PE and 13800CE options. On the other hand, open interest reductions were prominent in the 69500CE, 70000CE, and 69000PE options. Trading volume was highest in the 14000CE option, followed by the 13800PE and 13800CE options, indicating active trading in these strikes.
| MIDCPNIFTY | Monthly | Expiry: | 25-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 13,855.40 | 1.207 | 1.185 | 1.232 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 79,19,100 | 67,35,260 | 11,83,840 |
| PUT: | 95,62,280 | 79,78,180 | 15,84,100 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 9,08,600 | -1,86,620 | 33,422 |
| 13,800 | 7,43,960 | 3,39,780 | 23,150 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 13,800 | 7,43,960 | 3,39,780 | 23,150 |
| 14,300 | 3,69,880 | 2,37,020 | 10,407 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 9,08,600 | -1,86,620 | 33,422 |
| 13,500 | 3,81,360 | -74,760 | 2,255 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 9,08,600 | -1,86,620 | 33,422 |
| 13,800 | 7,43,960 | 3,39,780 | 23,150 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 13,300 | 9,63,760 | 15,680 | 20,028 |
| 13,500 | 9,42,340 | 63,980 | 17,003 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 13,800 | 8,41,820 | 7,57,820 | 28,460 |
| 13,700 | 5,07,920 | 3,67,640 | 15,366 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 12,700 | 1,53,440 | -2,30,720 | 4,154 |
| 13,200 | 3,00,440 | -1,18,300 | 9,433 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 13,800 | 8,41,820 | 7,57,820 | 28,460 |
| 13,300 | 9,63,760 | 15,680 | 20,028 |
Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us
Bullish momentum builds as shorts exit and new longs emerge: Open Interest Volume Analysis today signals a clear transition—short covering in the near term and aggressive long buildup for December and January contracts.
Actionable feedback: Focus long trades near max pain (25850–26000); use PCR trend and strong put additions for confirmation. Layer stops just below the 25800 spot for risk management.
Sector cues: MIDCPNIFTY and FINNIFTY offer leading momentum: Both display powerful fresh long initiatives, making them ideal for swing and positional setups over the coming week.
Monitor for sudden reversals: Bullish trend is strong but watch for rapid volume surges or sudden changes in December OI that may indicate profit booking or trend exhaustion.
Stay agile: Open Interest Volume Analysis supports a buy-on-dip approach as long as short covering and PCR uptrend remain in play.
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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