Turning Complex Derivative Data into Clear Market Insights
NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 17/11/2025
Table of Contents
NIFTY’s Open Interest Volume Analysis highlights short covering with breakout potential: Combined open interest dips (-0.39%) while prices rise (+0.399%), showing bears continue to exit their positions and bulls take control.
Contract divergence signals trend transition: November futures shed open interest and volume on price gains, confirming short covering; December futures see a powerful spike (+11.64% OI) with stable pricing, indicating fresh long establishment for the next series.
Options data supports bullish bias: Weekly and monthly PCR each climb above 1 (1.132 and 1.007), with robust put additions at 25900–26050, creating a solid support base and reflecting confident put writing.
Max pain and highest open interest converge: Heavy activity and pain level settle at 26000, clearly marking the battleground for near-term price action and risk management.
Volume declines but remains constructive: Lower volume with rising price is typical of short covering, hinting further upside could be unlocked if volume returns amid sustained long buildup.
NSE & BSE F&O Market Signals
NIFTY Future analysis
NIFTY Spot closed at: 26013.45 (0.399%)
Combined = November + December + January
Combined Fut Open Interest Change: -0.39%
Combined Fut Volume Change: -47.23%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 11% Previous 10%
NIFTY NOVEMBER Future closed at: 26060.1 (0.419%)
November Fut Premium 46.65 (Increased by 5.3 points)
November Fut Open Interest Change: -1.54%
November Fut Volume Change: -50.38%
November Fut Open Interest Analysis: Short Covering
NIFTY DECEMBER Future closed at: 26240 (0.391%)
December Fut Premium 226.55 (Decreased by -1.2 points)
December Fut Open Interest Change: 11.64%
December Fut Volume Change: -17.96%
December Fut Open Interest Analysis: Fresh Long
NIFTY Weekly Expiry (18/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.132 (Increased from 0.810)
Put-Call Ratio (Volume): 0.978
Max Pain Level: 26000
Maximum CALL Open Interest: 26000
Maximum PUT Open Interest: 25900
Highest CALL Addition: 26050
Highest PUT Addition: 25900
NIFTY Monthly Expiry (25/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.007 (Increased from 0.974)
Put-Call Ratio (Volume): 0.982
Max Pain Level: 25950
Maximum CALL Open Interest: 26000
Maximum PUT Open Interest: 26000
Highest CALL Addition: 27500
Highest PUT Addition: 26000
BANKNIFTY Future Analysis
BANKNIFTY Spot closed at: 58962.7 (0.761%)
Combined = November + December + January
Combined Fut Open Interest Change: 4.78%
Combined Fut Volume Change: -5.86%
Combined Fut Open Interest Analysis: Fresh Long
Rollover: 15% Previous 11%
BANKNIFTY NOVEMBER Future closed at: 59027.4 (0.653%)
November Fut Premium 64.7 (Decreased by -62.15 points)
November Fut Open Interest Change: 0.9%
November Fut Volume Change: -18.2%
November Fut Open Interest Analysis: Fresh Long
BANKNIFTY DECEMBER Future closed at: 59390.2 (0.686%)
December Fut Premium 427.5 (Decreased by -40.35 points)
December Fut Open Interest Change: 36.35%
December Fut Volume Change: 127.39%
December Fut Open Interest Analysis: Fresh Long
BANKNIFTY Monthly Expiry (25/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.140 (Increased from 0.919)
Put-Call Ratio (Volume): 0.912
Max Pain Level: 58500
Maximum CALL Open Interest: 58500
Maximum PUT Open Interest: 58500
Highest CALL Addition: 58900
Highest PUT Addition: 59000
FINNIFTY Future Analysis
FINNIFTY Spot closed at: 27646.2 (0.561%)
Combined = November + December + January
Combined Fut Open Interest Change: -3.1%
Combined Fut Volume Change: 9.5%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 5% Previous 4%
FINNIFTY NOVEMBER Future closed at: 27683.8 (0.500%)
November Fut Premium 37.6 (Decreased by -16.75 points)
November Fut Open Interest Change: -4.41%
November Fut Volume Change: 8.51%
November Fut Open Interest Analysis: Short Covering
FINNIFTY DECEMBER Future closed at: 27831.5 (0.494%)
December Fut Premium 185.3 (Decreased by -17.55 points)
December Fut Open Interest Change: 29.17%
December Fut Volume Change: 23.53%
December Fut Open Interest Analysis: Fresh Long
FINNIFTY Monthly Expiry (25/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 0.865 (Increased from 0.814)
Put-Call Ratio (Volume): 0.752
Max Pain Level: 27500
Maximum CALL Open Interest: 27800
Maximum PUT Open Interest: 26500
Highest CALL Addition: 27800
Highest PUT Addition: 27600
MIDCPNIFTY Future Analysis
MIDCPNIFTY Spot closed at: 13997.45 (0.953%)
Combined = November + December + January
Combined Fut Open Interest Change: -1.08%
Combined Fut Volume Change: -22.25%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 4% Previous 4%
MIDCPNIFTY NOVEMBER Future closed at: 14044.5 (0.794%)
November Fut Premium 47.05 (Decreased by -21.5 points)
November Fut Open Interest Change: -1.54%
November Fut Volume Change: -24.05%
November Fut Open Interest Analysis: Short Covering
MIDCPNIFTY DECEMBER Future closed at: 14114 (0.845%)
December Fut Premium 116.55 (Decreased by -13.9 points)
December Fut Open Interest Change: 10.07%
December Fut Volume Change: -9.20%
December Fut Open Interest Analysis: Fresh Long
MIDCPNIFTY Monthly Expiry (25/11/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.340 (Increased from 1.226)
Put-Call Ratio (Volume): 1.126
Max Pain Level: 13800
Maximum CALL Open Interest: 14000
Maximum PUT Open Interest: 13800
Highest CALL Addition: 14000
Highest PUT Addition: 14000
SENSEX Monthly Expiry (27/11/2025) Future
SENSEX Spot closed at: 84,950.95 (0.459%)
SENSEX Monthly Future closed at: 85,156.25 (0.401%)
Premium: 205.3 (Decreased by -48.27 points)
Open Interest Change: -7.14%
Volume Change: -51.40%
Open Interest Analysis: Short Covering
SENSEX Weekly Expiry (20/11/2025) Option Analysis
Put-Call Ratio (OI): 1.064 (Increased from 0.755)
Put-Call Ratio (Volume): 0.938
Max Pain Level: 84800
Maximum CALL OI: 88000
Maximum PUT OI: 84500
Highest CALL Addition: 87500
Highest PUT Addition: 82000
FII & DII Cash Market Activity
FIIs Net BUY: ₹ 442.17 Cr.
DIIs Net BUY: ₹ 1465.86 Cr.
FII Derivatives Activity
| FII Trading Stats | 17.11.25 | 14.11.25 | 13.11.25 |
| FII Cash (Provisional Data) | 442.17 | -4,968.22 | -383.68 |
| Index Future Open Interest Long Ratio | 11.99% | 11.18% | 11.74% |
| Index Future Volume Long Ratio | 50.64% | 36.53% | 55.16% |
| Call Option Open Interest Long Ratio | 51.43% | 50.90% | 50.86% |
| Call Option Volume Long Ratio | 50.08% | 50.03% | 50.00% |
| Put Option Open Interest Long Ratio | 58.87% | 61.74% | 60.88% |
| Put Option Volume Long Ratio | 49.79% | 50.24% | 50.35% |
| Stock Future Open Interest Long Ratio | 60.83% | 61.05% | 61.11% |
| Stock Future Volume Long Ratio | 48.22% | 49.33% | 51.06% |
| Index Futures | Fresh Long | Fresh Short | Short Covering |
| Index Options | Fresh Short | Fresh Long | Fresh Long |
| Nifty Futures | Fresh Short | Fresh Short | Short Covering |
| Nifty Options | Fresh Short | Fresh Long | Fresh Long |
| BankNifty Futures | Fresh Long | Long Covering | Fresh Long |
| BankNifty Options | Fresh Short | Fresh Short | Fresh Long |
| FinNifty Futures | Short Covering | Fresh Long | Fresh Long |
| FinNifty Options | Fresh Short | Long Covering | Short Covering |
| MidcpNifty Futures | Fresh Short | Short Covering | Fresh Short |
| MidcpNifty Options | Fresh Short | Fresh Long | Short Covering |
| NiftyNxt50 Futures | Fresh Short | Long Covering | Short Covering |
| NiftyNxt50 Options | Fresh Long | Fresh Long | Fresh Short |
| Stock Futures | Fresh Short | Fresh Short | Short Covering |
| Stock Options | Fresh Short | 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 (20/11/2025)
The SENSEX index closed at 84950.95. The SENSEX weekly expiry for NOVEMBER 20, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.064 against previous 0.755. The 88000CE option holds the maximum open interest, followed by the 84500PE and 80000PE options. Market participants have shown increased interest with significant open interest additions in the 82000PE option, with open interest additions also seen in the 84800PE and 85000PE options. On the other hand, open interest reductions were prominent in the 88000CE, 84000CE, and 84400CE options. Trading volume was highest in the 85000CE option, followed by the 84800PE and 84800CE options, indicating active trading in these strikes.
| SENSEX | Weekly | Expiry: | 20-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 84950.95 | 1.064 | 0.755 | 0.938 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,14,47,520 | 96,48,160 | 17,99,360 |
| PUT: | 1,21,77,220 | 72,83,720 | 48,93,500 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 88000 | 9,06,340 | -1,79,620 | 42,74,880 |
| 85000 | 6,22,960 | 1,87,100 | 1,86,99,740 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 87500 | 5,24,760 | 2,76,860 | 31,52,080 |
| 87000 | 5,87,260 | 2,01,760 | 50,39,940 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 88000 | 9,06,340 | -1,79,620 | 42,74,880 |
| 84000 | 1,44,740 | -1,21,240 | 6,78,160 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 85000 | 6,22,960 | 1,87,100 | 1,86,99,740 |
| 84800 | 2,53,420 | 42,080 | 1,55,53,560 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 84500 | 7,31,600 | 2,95,200 | 1,34,06,580 |
| 80000 | 6,89,620 | 71,860 | 23,07,160 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 82000 | 6,70,780 | 3,35,380 | 40,30,840 |
| 84800 | 3,55,000 | 3,21,580 | 1,67,71,200 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 80100 | 8,280 | -32,460 | 1,52,560 |
| 79000 | 2,11,240 | -19,100 | 11,73,120 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 84800 | 3,55,000 | 3,21,580 | 1,67,71,200 |
| 84700 | 3,61,600 | 2,73,820 | 1,49,79,980 |
NIFTY Weekly Expiry (18/11/2025)
The NIFTY index closed at 26013.45. The NIFTY weekly expiry for NOVEMBER 18, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.132 against previous 0.810. The 26000CE option holds the maximum open interest, followed by the 25900PE and 26500CE options. Market participants have shown increased interest with significant open interest additions in the 25900PE option, with open interest additions also seen in the 26000PE and 25950PE options. On the other hand, open interest reductions were prominent in the 27000CE, 25900CE, and 25800CE options. Trading volume was highest in the 26000CE option, followed by the 26000PE and 25900PE options, indicating active trading in these strikes.
| NIFTY | Weekly | Expiry: | 18-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 26,013.45 | 1.132 | 0.810 | 0.978 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 16,38,66,900 | 18,77,71,350 | -2,39,04,450 |
| PUT: | 18,55,30,275 | 15,20,98,650 | 3,34,31,625 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 1,42,40,325 | 6,29,775 | 1,03,76,738 |
| 26,500 | 1,23,04,500 | 19,76,850 | 13,09,287 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 26,050 | 75,71,025 | 30,44,700 | 49,58,930 |
| 26,250 | 63,94,425 | 27,50,925 | 20,72,298 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 27,000 | 94,34,775 | -87,29,475 | 10,42,429 |
| 25,900 | 33,57,825 | -46,50,300 | 42,33,294 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 1,42,40,325 | 6,29,775 | 1,03,76,738 |
| 25,950 | 35,39,025 | -14,48,625 | 57,44,200 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 25,900 | 1,41,64,125 | 79,25,250 | 73,29,065 |
| 25,800 | 1,11,06,450 | 27,45,975 | 36,65,788 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 25,900 | 1,41,64,125 | 79,25,250 | 73,29,065 |
| 26,000 | 1,08,64,950 | 71,65,800 | 73,40,232 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,500 | 49,11,825 | -20,69,700 | 4,41,402 |
| 24,600 | 16,54,125 | -19,19,775 | 2,44,871 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 1,08,64,950 | 71,65,800 | 73,40,232 |
| 25,900 | 1,41,64,125 | 79,25,250 | 73,29,065 |
NIFTY Monthly Expiry (25/11/2025)
The NIFTY index closed at 26013.45. The NIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.007 against previous 0.974. The 26000CE option holds the maximum open interest, followed by the 27000CE and 26000PE options. Market participants have shown increased interest with significant open interest additions in the 27500CE option, with open interest additions also seen in the 27000CE and 26000PE options. On the other hand, open interest reductions were prominent in the 25900CE, 25800CE, and 24300PE options. Trading volume was highest in the 26000CE option, followed by the 26000PE and 26200CE options, indicating active trading in these strikes.
| NIFTY | Monthly | Expiry: | 25-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 26,013.45 | 1.007 | 0.974 | 0.982 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 7,53,52,650 | 6,03,00,975 | 1,50,51,675 |
| PUT: | 7,58,75,025 | 5,87,58,075 | 1,71,16,950 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 86,18,925 | 9,43,575 | 3,62,789 |
| 27,000 | 71,33,475 | 18,20,250 | 1,51,663 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 27,500 | 48,81,000 | 24,46,875 | 94,843 |
| 27,000 | 71,33,475 | 18,20,250 | 1,51,663 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 25,900 | 28,43,175 | -5,60,025 | 1,36,293 |
| 25,800 | 25,17,075 | -4,86,225 | 59,175 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 86,18,925 | 9,43,575 | 3,62,789 |
| 26,200 | 47,18,700 | 3,81,750 | 2,22,873 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 69,84,600 | 17,58,300 | 2,80,164 |
| 25,000 | 60,69,300 | 16,05,300 | 1,32,510 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 69,84,600 | 17,58,300 | 2,80,164 |
| 25,000 | 60,69,300 | 16,05,300 | 1,32,510 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,300 | 5,82,375 | -2,67,600 | 25,785 |
| 25,450 | 4,75,875 | -1,01,175 | 36,024 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 69,84,600 | 17,58,300 | 2,80,164 |
| 25,900 | 38,09,475 | 4,88,925 | 1,93,766 |
BANKNIFTY Monthly Expiry (25/11/2025)
The BANKNIFTY index closed at 58962.7. The BANKNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.140 against previous 0.919. The 58500PE option holds the maximum open interest, followed by the 58000PE and 58500CE options. Market participants have shown increased interest with significant open interest additions in the 59000PE option, with open interest additions also seen in the 58800PE and 58900PE options. On the other hand, open interest reductions were prominent in the 58500CE, 58000CE, and 58600CE options. Trading volume was highest in the 59000CE option, followed by the 59000PE and 58900CE options, indicating active trading in these strikes.
| BANKNIFTY | Monthly | Expiry: | 25-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 58,962.70 | 1.140 | 0.919 | 0.912 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,56,42,480 | 1,60,23,700 | -3,81,220 |
| PUT: | 1,78,33,305 | 1,47,19,880 | 31,13,425 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 15,58,445 | -3,74,850 | 1,06,723 |
| 60,000 | 12,18,280 | -14,385 | 1,20,296 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 58,900 | 3,05,900 | 1,73,215 | 1,56,864 |
| 59,300 | 4,15,520 | 99,155 | 71,035 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 15,58,445 | -3,74,850 | 1,06,723 |
| 58,000 | 6,71,230 | -1,85,290 | 25,492 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 59,000 | 12,00,675 | 36,610 | 2,67,013 |
| 58,900 | 3,05,900 | 1,73,215 | 1,56,864 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 18,87,935 | 1,56,905 | 1,32,384 |
| 58,000 | 16,47,870 | 1,92,815 | 90,997 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 59,000 | 10,02,610 | 6,88,205 | 1,80,524 |
| 58,800 | 4,28,435 | 3,61,970 | 92,277 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 53,500 | 1,66,215 | -90,440 | 9,196 |
| 54,500 | 2,13,535 | -89,705 | 17,040 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 59,000 | 10,02,610 | 6,88,205 | 1,80,524 |
| 58,900 | 3,72,365 | 3,37,715 | 1,44,146 |
FINNIFTY Monthly Expiry (25/11/2025)
The FINNIFTY index closed at 27646.2. The FINNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.865 against previous 0.814. The 27800CE option holds the maximum open interest, followed by the 27500CE and 27600CE options. Market participants have shown increased interest with significant open interest additions in the 27800CE option, with open interest additions also seen in the 27600PE and 27600CE options. On the other hand, open interest reductions were prominent in the 27500CE, 27400CE, and 26900PE options. Trading volume was highest in the 27800CE option, followed by the 27600CE and 27600PE options, indicating active trading in these strikes.
| FINNIFTY | Monthly | Expiry: | 25-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 27,646.20 | 0.865 | 0.814 | 0.752 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 7,38,790 | 6,85,295 | 53,495 |
| PUT: | 6,39,210 | 5,58,025 | 81,185 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 27,800 | 1,11,865 | 48,750 | 4,446 |
| 27,500 | 67,080 | -18,590 | 3,204 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 27,800 | 1,11,865 | 48,750 | 4,446 |
| 27,600 | 57,460 | 17,095 | 4,204 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 27,500 | 67,080 | -18,590 | 3,204 |
| 27,400 | 25,610 | -11,440 | 584 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 27,800 | 1,11,865 | 48,750 | 4,446 |
| 27,600 | 57,460 | 17,095 | 4,204 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,500 | 49,660 | 4,420 | 267 |
| 27,000 | 49,140 | 2,015 | 948 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 27,600 | 46,215 | 36,010 | 3,767 |
| 27,800 | 11,895 | 10,465 | 333 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 26,900 | 8,580 | -9,880 | 446 |
| 26,700 | 4,680 | -2,730 | 81 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 27,600 | 46,215 | 36,010 | 3,767 |
| 27,500 | 45,110 | 8,450 | 3,539 |
MIDCPNIFTY Monthly Expiry (25/11/2025)
The MIDCPNIFTY index closed at 13997.45. The MIDCPNIFTY monthly expiry for NOVEMBER 25, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.340 against previous 1.226. The 14000CE option holds the maximum open interest, followed by the 13800PE and 13500PE options. Market participants have shown increased interest with significant open interest additions in the 14000PE option, with open interest additions also seen in the 13800PE and 14000CE options. On the other hand, open interest reductions were prominent in the 72000CE, 69800CE, and 69500CE options. Trading volume was highest in the 14000CE option, followed by the 13800PE and 14000PE options, indicating active trading in these strikes.
| MIDCPNIFTY | Monthly | Expiry: | 25-11-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 13,997.45 | 1.340 | 1.226 | 1.126 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 89,61,820 | 83,77,320 | 5,84,500 |
| PUT: | 1,20,08,080 | 1,02,74,740 | 17,33,340 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 11,87,200 | 2,71,460 | 34,200 |
| 14,200 | 6,82,640 | -25,760 | 13,352 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 11,87,200 | 2,71,460 | 34,200 |
| 14,300 | 4,48,980 | 1,59,880 | 10,347 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 13,900 | 4,13,560 | -1,20,540 | 12,122 |
| 13,800 | 4,22,100 | -1,13,820 | 3,929 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 11,87,200 | 2,71,460 | 34,200 |
| 14,100 | 5,18,700 | 1,55,260 | 19,330 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 13,800 | 11,77,260 | 2,78,600 | 26,718 |
| 13,500 | 10,70,720 | -74,760 | 14,168 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 7,65,660 | 5,22,900 | 22,070 |
| 13,800 | 11,77,260 | 2,78,600 | 26,718 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 12,800 | 1,42,100 | -1,21,660 | 2,133 |
| 13,100 | 3,14,860 | -81,480 | 3,913 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 13,800 | 11,77,260 | 2,78,600 | 26,718 |
| 14,000 | 7,65,660 | 5,22,900 | 22,070 |
Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us
Bullish trend strengthens as short covering shifts to new longs: Open Interest Volume Analysis signals a transition from defensive to opportunistic buying, especially for December contracts.
Actionable feedback: Position long trades in NIFTY around max pain (26000) and prior resistance; scale up if OI and high PCR readings persist, but stay nimble for reversals.
Monitor option data for momentum: Watch for further put additions and stable PCR above 1 as signals for continued upside; aggressive longs are justified only if December buildup sustains in tandem with price strength.
MIDCPNIFTY and BANKNIFTY offer positive momentum: Both show healthy long development, providing interesting swing opportunities for sector rotation and diversification.
Stay disciplined: Open Interest Volume Analysis points to a breakout; combine technical setups and OI signals for precision, and keep stops close to option pain levels for robust risk control.
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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