Critical F&O Market Signals: Is the Nifty Crash a Bear Trap or a Buying Opportunity?

The F&O market signals on 13th June 2025 intensified bearish momentum as Nifty futures plunged 0.84% to 24,727.40, with spot closing below 24,800 (-0.68%) amid aggressive call writing at 25,000 and a collapsing premium (-40.4 points). BankNifty futures crumbled 1.16% to 55,614.40, while MIDCPNIFTY’s PCR (OI) rebound to 1.015 and max pain at 13,000 hinted at selective midcap accumulation. Nifty’s weekly PCR (OI) inched up to 0.712, but open interest buildup (+3.8%) signaled short-term bear dominance. With the India VIX surging to 15.08, let’s decode whether these F&O market signals reflect panic capitulation or a tactical dip ahead of RBI policy.

NSE & BSE F&O Market Signals

NIFTY JUNE Future

NIFTY Spot closed at: 24,718.60 (-0.68%)

NIFTY JUNE Future closed at: 24,727.40 (-0.84%)

Premium: 8.8 (Decreased by -40.4 points)

Open Interest Change: 3.8%

Volume Change: -24.6%

NIFTY Weekly Expiry (19/06/2025) Option Analysis

Put-Call Ratio (OI): 0.712 (Increased from 0.666)

Put-Call Ratio (Volume): 0.827

Max Pain Level: 24800

Maximum CALL OI: 26000

Maximum PUT OI: 22800

Highest CALL Addition: 25000

Highest PUT Addition: 22800

NIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 0.984 (Decreased from 1.042)

Put-Call Ratio (Volume): 0.992

Max Pain Level: 24850

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 25000

Highest PUT Addition: 23800

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 55,527.35 (-0.99%)

BANKNIFTY JUNE Future closed at: 55,614.40 (-1.16%)

Premium: 87.05 (Decreased by -100 points)

Open Interest Change: 0.5%

Volume Change: -1.7%

BANKNIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 0.680 (Decreased from 0.779)

Put-Call Ratio (Volume): 0.870

Max Pain Level: 56000

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 59000

Highest PUT Addition: 54500

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,335.60 (-0.92%)

FINNIFTY JUNE Future closed at: 26,380.20 (-1.09%)

Premium:  44.6 (Decreased by -46.6 points)

Open Interest Change: 0.5%

Volume Change: -33.5%

FINNIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 0.621 (Decreased from 0.653)

Put-Call Ratio (Volume): 0.729

Max Pain Level: 26650

Maximum CALL OI: 27000

Maximum PUT OI: 26500

Highest CALL Addition: 27700

Highest PUT Addition: 26500

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 12,991.60 (-0.34%)

MIDCPNIFTY JUNE Future closed at: 13,012.80 (-0.38%)

Premium: 21.2 (Decreased by -4.85 points)

Open Interest Change: -1.7%

Volume Change: 6.7%

MIDCPNIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 1.015 (Increased from 0.942)

Put-Call Ratio (Volume): 0.858

Max Pain Level: 13000

Maximum CALL OI: 14000

Maximum PUT OI: 13000

Highest CALL Addition: 13000

Highest PUT Addition: 12800

SENSEX Weekly Expiry (17/06/2025) Future

SENSEX Spot closed at: 81,118.60 (-0.70%)

SENSEX Weekly Future closed at: 81,003.15 (-0.88%)

Discount: -115.45 (Decreased by -145.27 points)

Open Interest Change: -4.3%

Volume Change: -5.2%

SENSEX Weekly Expiry (17/06/2025) Option Analysis

Put-Call Ratio (OI): 0.609 (Increased from 0.507)

Put-Call Ratio (Volume): 0.903

Max Pain Level: 81300

Maximum CALL OI: 83000

Maximum PUT OI: 78000

Highest CALL Addition: 83000

Highest PUT Addition: 78000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,263.52 Cr
DIIs Net Buy: ₹ 3,041.44 Cr

FII Derivatives Activity

FII Trading Stats	13.06.25	12.06.25	11.06.25
FII Cash (Provisional Data)	-1,263.52	-3,831.42	-446.31
Index Future Open Interest Long Ratio	19.07%	19.56%	22.17%
Index Future Volume Long Ratio	44.90%	37.82%	60.99%
Call Option Open Interest Long Ratio	59.03%	59.83%	61.34%
Call Option Volume Long Ratio	50.05%	49.83%	51.07%
Put Option Open Interest Long Ratio	60.81%	62.95%	63.41%
Put Option Volume Long Ratio	49.89%	50.04%	51.10%
Stock Future Open Interest Long Ratio	62.03%	62.48%	63.40%
Stock Future Volume Long Ratio	46.19%	42.40%	48.51%
Index Futures	Fresh Short	Fresh Short	Fresh Long
Index Options	Fresh Short	Long Covering	Fresh Long
Nifty Futures	Short Covering	Fresh Short	Fresh Long
Nifty Options	Fresh Short	Long Covering	Fresh Long
BankNifty Futures	Fresh Short	Fresh Short	Long Covering
BankNifty Options	Fresh Long	Fresh Long	Long Covering
FinNifty Futures	Short Covering	Long Covering	Fresh Long
FinNifty Options	Fresh Short	Fresh Long	Fresh Long
MidcpNifty Futures	Fresh Short	Fresh Short	Fresh Short
MidcpNifty Options	Fresh Short	Fresh Long	Fresh Short
NiftyNxt50 Futures	Short Covering	Long Covering	Long Covering
NiftyNxt50 Options	Fresh Short	Long Covering	Fresh Short
Stock Futures	Long Covering	Long Covering	Long Covering
Stock Options	Fresh Short	Fresh Short	Fresh Short

NSE & BSE F&O market Trends : Options Insights

NIFTY Weekly Expiry (19/06/2025)

The NIFTY index closed at 24718.6. The NIFTY weekly expiry for JUNE 19, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.712 against previous 0.666. The 26000CE option holds the maximum open interest, followed by the 25000CE and 22800PE options. Market participants have shown increased interest with significant open interest additions in the 25000CE option, with open interest additions also seen in the 22800PE and 23000PE options. On the other hand, open interest reductions were prominent in the 24900PE, 25000PE, and 25100PE options. Trading volume was highest in the 24700CE option, followed by the 25000CE and 24600PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	19-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,718.60	0.712	0.666	0.827
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	11,96,93,775	8,59,36,650	3,37,57,125
PUT:	8,52,49,350	5,72,17,125	2,80,32,225
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	86,54,475	-3,74,700	7,10,898
25,000	82,32,375	39,34,725	18,08,470
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,000	82,32,375	39,34,725	18,08,470
24,700	28,12,800	25,50,300	20,36,092
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	86,54,475	-3,74,700	7,10,898
26,300	20,04,225	-2,23,725	2,07,169
Top CALL Volume:
Strike	OI	OI Change	Volume
24,700	28,12,800	25,50,300	20,36,092
25,000	82,32,375	39,34,725	18,08,470
Top PUT Open Interest:
Strike	OI	OI Change	Volume
22,800	78,14,400	37,83,300	6,93,231
23,500	76,15,200	26,64,000	5,72,843
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
22,800	78,14,400	37,83,300	6,93,231
23,000	48,65,175	28,09,650	4,98,838
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,900	12,60,300	-11,96,400	1,58,052
25,000	17,06,250	-5,90,175	1,43,507
Top PUT Volume:
Strike	OI	OI Change	Volume
24,600	34,93,875	20,42,850	17,66,243
24,500	47,70,225	21,32,250	16,02,846

SENSEX Weekly Expiry (17/06/2025)

The SENSEX index closed at 81118.6. The SENSEX weekly expiry for JUNE 17, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.609 against previous 0.507. The 83000CE option holds the maximum open interest, followed by the 84000CE and 85000CE options. Market participants have shown increased interest with significant open interest additions in the 83000CE option, with open interest additions also seen in the 78000PE and 81000CE options. On the other hand, open interest reductions were prominent in the 86000CE, 85000CE, and 81500PE options. Trading volume was highest in the 81000CE option, followed by the 82000CE and 81000PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	17-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
81118.6	0.609	0.507	0.903
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,03,32,920	1,63,37,389	39,95,531
PUT:	1,23,81,480	82,84,840	40,96,640
Top CALL Open Interest:
Strike	OI	OI Change	Volume
83000	15,44,260	9,40,500	1,87,10,200
84000	13,31,600	3,07,360	94,40,600
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
83000	15,44,260	9,40,500	1,87,10,200
81000	4,45,380	3,92,180	2,54,63,220
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
86000	7,88,480	-3,23,440	42,42,680
85000	12,10,480	-3,21,280	68,05,980
Top CALL Volume:
Strike	OI	OI Change	Volume
81000	4,45,380	3,92,180	2,54,63,220
82000	6,83,840	1,82,460	2,23,59,560
Top PUT Open Interest:
Strike	OI	OI Change	Volume
78000	7,80,840	4,31,140	1,22,44,300
81000	6,96,920	3,67,040	2,14,00,260
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
78000	7,80,840	4,31,140	1,22,44,300
81000	6,96,920	3,67,040	2,14,00,260
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
81500	2,40,700	-1,82,640	20,66,860
82000	1,64,400	-1,09,180	6,72,860
Top PUT Volume:
Strike	OI	OI Change	Volume
81000	6,96,920	3,67,040	2,14,00,260
80000	5,69,420	76,660	1,94,36,300

NIFTY Monthly Expiry (26/06/2025)

The NIFTY index closed at 24718.6. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.984 against previous 1.042. The 26000CE option holds the maximum open interest, followed by the 25000CE and 25500CE options. Market participants have shown increased interest with significant open interest additions in the 23800PE option, with open interest additions also seen in the 25000CE and 25500CE options. On the other hand, open interest reductions were prominent in the 24200PE, 25000PE, and 24500PE options. Trading volume was highest in the 25000CE option, followed by the 24500PE and 25500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,718.60	0.984	1.042	0.992
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,06,99,250	5,64,11,375	42,87,875
PUT:	5,97,38,700	5,87,73,775	9,64,925
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	63,40,550	1,23,375	1,23,715
25,000	60,83,550	9,58,375	1,63,132
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,000	60,83,550	9,58,375	1,63,132
25,500	52,58,850	7,46,775	1,45,382
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
30,000	44,70,525	-3,50,550	26,573
25,800	8,83,950	-3,44,100	45,008
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	60,83,550	9,58,375	1,63,132
25,500	52,58,850	7,46,775	1,45,382
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	48,04,400	-1,38,750	1,44,432
24,500	46,59,900	-5,28,225	1,57,667
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,800	22,15,125	14,51,475	64,513
24,600	14,73,300	3,63,000	72,565
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,200	16,14,750	-12,14,025	75,334
25,000	39,69,975	-5,89,600	66,779
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	46,59,900	-5,28,225	1,57,667
24,000	48,04,400	-1,38,750	1,44,432

BANKNIFTY Monthly Expiry (26/06/2025)

The BANKNIFTY index closed at 55527.35. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.680 against previous 0.779. The 56000CE option holds the maximum open interest, followed by the 56000PE and 60000CE options. Market participants have shown increased interest with significant open interest additions in the 59000CE option, with open interest additions also seen in the 55500CE and 59500CE options. On the other hand, open interest reductions were prominent in the 51000PE, 62000CE, and 56000PE options. Trading volume was highest in the 55500PE option, followed by the 55500CE and 55000PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,527.35	0.680	0.779	0.870
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,35,55,700	2,18,60,844	16,94,856
PUT:	1,60,23,660	1,70,34,210	-10,10,550
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	20,93,040	-22,410	1,57,314
60,000	17,14,170	45,510	1,11,036
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
59,000	14,72,250	6,19,560	1,24,424
55,500	6,45,990	3,40,170	1,89,118
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
62,000	3,62,940	-2,36,700	35,439
61,500	2,53,530	-1,54,860	36,068
Top CALL Volume:
Strike	OI	OI Change	Volume
55,500	6,45,990	3,40,170	1,89,118
56,000	20,93,040	-22,410	1,57,314
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	17,94,030	-2,21,910	98,721
55,000	12,04,770	-46,260	1,80,376
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
54,500	6,94,080	1,96,110	75,660
53,500	4,74,570	70,920	50,991
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
51,000	5,31,720	-2,46,780	54,376
56,000	17,94,030	-2,21,910	98,721
Top PUT Volume:
Strike	OI	OI Change	Volume
55,500	7,47,930	9,780	2,17,220
55,000	12,04,770	-46,260	1,80,376

FINNIFTY Monthly Expiry (26/06/2025)

The FINNIFTY index closed at 26335.6. The FINNIFTY monthly expiry for JUNE 26, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.621 against previous 0.653. The 27000CE option holds the maximum open interest, followed by the 28500CE and 28000CE options. Market participants have shown increased interest with significant open interest additions in the 27700CE option, with open interest additions also seen in the 28000CE and 26500PE options. On the other hand, open interest reductions were prominent in the 25500PE, 26450PE, and 29000CE options. Trading volume was highest in the 26300CE option, followed by the 26300PE and 26000PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,335.60	0.621	0.653	0.729
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	14,43,910	12,94,085	1,49,825
PUT:	8,96,350	8,45,390	50,960
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,000	1,62,890	22,035	2,644
28,500	1,23,305	-3,380	1,580
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,700	57,460	43,485	1,985
28,000	1,05,365	41,860	2,358
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
29,000	75,465	-13,910	676
28,400	17,745	-13,845	960
Top CALL Volume:
Strike	OI	OI Change	Volume
26,300	32,240	16,965	3,730
26,500	44,005	7,475	2,922
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,500	77,220	28,600	2,280
24,500	67,990	26,455	1,452
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,500	77,220	28,600	2,280
24,500	67,990	26,455	1,452
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	36,790	-15,535	1,429
26,450	22,425	-15,470	668
Top PUT Volume:
Strike	OI	OI Change	Volume
26,300	40,690	2,860	3,317
26,000	64,090	16,835	3,301

MIDCPNIFTY Monthly Expiry (26/06/2025)

The MIDCPNIFTY index closed at 12991.6. The MIDCPNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.015 against previous 0.942. The 14000CE option holds the maximum open interest, followed by the 13500CE and 13000PE options. Market participants have shown increased interest with significant open interest additions in the 13000CE option, with open interest additions also seen in the 12800PE and 12000PE options. On the other hand, open interest reductions were prominent in the 69000CE, 68000CE, and 66800CE options. Trading volume was highest in the 13000PE option, followed by the 13000CE and 13500CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,991.60	1.015	0.942	0.858
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	55,35,600	54,30,000	1,05,600
PUT:	56,16,600	51,13,680	5,02,920
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	6,74,160	-22,440	19,466
13,500	6,52,440	45,840	19,579
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,000	4,51,560	1,67,280	27,105
13,800	3,31,320	70,920	9,760
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
12,500	1,35,600	-1,20,840	2,442
13,300	3,12,960	-92,040	10,834
Top CALL Volume:
Strike	OI	OI Change	Volume
13,000	4,51,560	1,67,280	27,105
13,500	6,52,440	45,840	19,579
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	5,95,800	12,720	29,996
12,000	4,92,120	79,320	11,241
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,800	2,77,320	95,520	13,086
12,000	4,92,120	79,320	11,241
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,100	87,480	-50,520	2,934
13,300	1,32,120	-28,200	1,062
Top PUT Volume:
Strike	OI	OI Change	Volume
13,000	5,95,800	12,720	29,996
12,500	4,75,200	-6,720	16,512

Conclusion: What the Future & Option Chain Analysis Tells Us

The 13th June F&O data reveals a market at a critical inflection: Nifty’s 24,800–24,500 support zone faces a test, with a break below 24,700 potentially triggering a slide to 24,300–24,400. BankNifty’s 55,500–55,000 range and 56,000 max pain suggest resistance at 56,200–56,500, while MIDCPNIFTY’s 13,000 support and FINNIFTY’s 26,650 max pain favor contrarian midcap/financial plays. Traders should watch for rebound signals near 24,700 (Nifty) and 55,300 (BankNifty), deploying hedged strategies like 24,500 puts or 56,000 straddles. With global cues (oil volatility ) and institutional shorting intensifying, F&O market signals—PCR swings, premium decay, and max pain shifts—will dictate whether this selloff is a bear trap or the start of a deeper correction.

Check Previous Day’s Nifty Indices F&O Analysis

FII / FPI trading activity in Capital Market Segment

NSE Derivatives Raw Data

BSE Derivatives Raw Data

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