Decoding Critical F&O Market Signals: Will Nifty Defend 24,800 Amid Bearish Shifts?

The F&O market signals on 17th June 2025 revealed mounting bearish pressure as Nifty futures slid 0.51% to 24,868.80, with spot closing below 24,850 (-0.37%) amid aggressive call writing at 25,000 and a PCR (OI) slump to 0.836. BankNifty futures mirrored the weakness, dropping 0.59% to 55,780.80 as its PCR (OI) collapsed to 0.685, reflecting relentless call accumulation at 56,000. While MIDCPNIFTY’s PCR (OI) held at 1.045, its premium crash (-40.1 points) and -0.82% futures decline signaled midcap exhaustion. Let’s dissect these F&O market signals shaping June’s volatile expiry.

NSE & BSE F&O Market Signals

NIFTY JUNE Future

NIFTY Spot closed at: 24,853.40 (-0.37%)

NIFTY JUNE Future closed at: 24,868.80 (-0.51%)

Premium: 15.4 (Decreased by -34.3 points)

Open Interest Change: -1.5%

Volume Change: -31.5%

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

Put-Call Ratio (OI): 0.836 (Decreased from 1.111)

Put-Call Ratio (Volume): 0.872

Max Pain Level: 24850

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 25000

Highest PUT Addition: 24000

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

Put-Call Ratio (OI): 0.978 (Decreased from 1.032)

Put-Call Ratio (Volume): 0.860

Max Pain Level: 24900

Maximum CALL OI: 26000

Maximum PUT OI: 24500

Highest CALL Addition: 26100

Highest PUT Addition: 24400

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 55,714.15 (-0.41%)

BANKNIFTY JUNE Future closed at: 55,780.80 (-0.59%)

Premium: 66.65 (Decreased by -100.85 points)

Open Interest Change: -0.9%

Volume Change: -36.8%

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

Put-Call Ratio (OI): 0.685 (Decreased from 0.785)

Put-Call Ratio (Volume): 0.912

Max Pain Level: 56000

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 56000

Highest PUT Addition: 54000

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,451.65 (-0.39%)

FINNIFTY JUNE Future closed at: 26,474.60 (-0.61%)

Premium:  22.95 (Decreased by -58.2 points)

Open Interest Change: -2.1%

Volume Change: -22.9%

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

Put-Call Ratio (OI): 0.681 (Decreased from 0.701)

Put-Call Ratio (Volume): 1.011

Max Pain Level: 26500

Maximum CALL OI: 27000

Maximum PUT OI: 26500

Highest CALL Addition: 26500

Highest PUT Addition: 26500

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 13,039.75 (-0.52%)

MIDCPNIFTY JUNE Future closed at: 13,040.65 (-0.82%)

Premium: 0.9 (Decreased by -40.1 points)

Open Interest Change: -1.3%

Volume Change: -11.7%

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

Put-Call Ratio (OI): 1.045 (Decreased from 1.177)

Put-Call Ratio (Volume): 0.936

Max Pain Level: 13000

Maximum CALL OI: 14000

Maximum PUT OI: 13000

Highest CALL Addition: 13200

Highest PUT Addition: 12600

SENSEX Weekly Expiry (24/06/2025) Future

SENSEX Spot closed at: 81,583.30 (-0.26%)

SENSEX Weekly Future closed at: 81,575.95 (-0.39%)

Discount: -7.35 (Decreased by -107.55 points)

Open Interest Change: 24.2%

Volume Change: 18.3%

SENSEX Weekly Expiry (24/06/2025) Option Analysis

Put-Call Ratio (OI): 0.667 (Decreased from 0.828)

Put-Call Ratio (Volume): 0.704

Max Pain Level: 81500

Maximum CALL OI: 84000

Maximum PUT OI: 75000

Highest CALL Addition: 85000

Highest PUT Addition: 75000

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 1,482.77 Cr
DIIs Net Buy: ₹ 8,207.19 Cr

FII Derivatives Activity

FII Trading Stats	17.06.25	16.06.25	13.06.25
FII Cash (Provisional Data)	1,482.77	-2,539.42	-1,263.52
Index Future Open Interest Long Ratio	20.90%	20.21%	19.07%
Index Future Volume Long Ratio	53.05%	53.15%	44.90%
Call Option Open Interest Long Ratio	59.06%	58.62%	59.03%
Call Option Volume Long Ratio	50.14%	49.98%	50.05%
Put Option Open Interest Long Ratio	60.19%	58.69%	60.81%
Put Option Volume Long Ratio	50.27%	49.72%	49.89%
Stock Future Open Interest Long Ratio	62.03%	62.29%	62.03%
Stock Future Volume Long Ratio	47.31%	53.92%	46.19%
Index Futures	Short Covering	Fresh Long	Fresh Short
Index Options	Short Covering	Fresh Short	Fresh Short
Nifty Futures	Fresh Long	Fresh Long	Short Covering
Nifty Options	Short Covering	Fresh Short	Fresh Short
BankNifty Futures	Short Covering	Short Covering	Fresh Short
BankNifty Options	Fresh Long	Fresh Short	Fresh Long
FinNifty Futures	Long Covering	Fresh Long	Short Covering
FinNifty Options	Fresh Short	Fresh Long	Fresh Short
MidcpNifty Futures	Fresh Short	Fresh Long	Fresh Short
MidcpNifty Options	Fresh Short	Fresh Short	Fresh Short
NiftyNxt50 Futures	Short Covering	Fresh Short	Short Covering
NiftyNxt50 Options	Short Covering	Fresh Long	Fresh Short
Stock Futures	Long Covering	Fresh Long	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 24853.4. The NIFTY weekly expiry for JUNE 19, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.836 against previous 1.111. The 26000CE option holds the maximum open interest, followed by the 24000PE and 25500CE options. Market participants have shown increased interest with significant open interest additions in the 25000CE option, with open interest additions also seen in the 24900CE and 24850CE options. On the other hand, open interest reductions were prominent in the 22800PE, 24900PE, and 23500PE options. Trading volume was highest in the 24900CE option, followed by the 24900PE and 24800PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	19-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,853.40	0.836	1.111	0.872
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	15,02,44,575	12,21,67,275	2,80,77,300
PUT:	12,56,26,800	13,57,57,275	-1,01,30,475
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,03,27,875	8,28,675	6,46,536
25,500	98,06,175	15,98,100	10,71,391
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,000	94,73,400	40,57,275	21,73,521
24,900	69,20,775	30,17,250	26,86,402
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,400	12,54,600	-5,00,700	1,48,613
24,600	8,85,975	-1,66,500	78,353
Top CALL Volume:
Strike	OI	OI Change	Volume
24,900	69,20,775	30,17,250	26,86,402
25,000	94,73,400	40,57,275	21,73,521
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	99,26,400	11,16,450	6,75,619
23,500	82,07,925	-15,29,775	4,92,147
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,000	99,26,400	11,16,450	6,75,619
23,700	30,66,375	10,24,650	2,77,842
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,800	78,21,225	-38,19,675	5,80,857
24,900	39,95,925	-17,08,050	23,62,551
Top PUT Volume:
Strike	OI	OI Change	Volume
24,900	39,95,925	-17,08,050	23,62,551
24,800	62,19,600	-7,89,450	22,47,287

SENSEX Weekly Expiry (24/06/2025)

The SENSEX index closed at 81583.3. The SENSEX weekly expiry for JUNE 24, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.667 against previous 0.828. The 84000CE option holds the maximum open interest, followed by the 85000CE and 75000PE options. Market participants have shown increased interest with significant open interest additions in the 85000CE option, with open interest additions also seen in the 84000CE and 75000PE options. On the other hand, open interest reductions were prominent in the 81800PE, 82300CE, and 86800CE options. Trading volume was highest in the 84000CE option, followed by the 85000CE and 81500PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	24-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
81583.3	0.667	0.828	0.704
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	27,25,780	8,75,949	18,49,831
PUT:	18,16,980	7,25,540	10,91,440
Top CALL Open Interest:
Strike	OI	OI Change	Volume
84000	4,27,500	2,76,880	12,47,120
85000	3,61,480	2,91,180	10,29,600
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
85000	3,61,480	2,91,180	10,29,600
84000	4,27,500	2,76,880	12,47,120
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
82300	13,260	-840	60,600
86800	1,720	-700	5,900
Top CALL Volume:
Strike	OI	OI Change	Volume
84000	4,27,500	2,76,880	12,47,120
85000	3,61,480	2,91,180	10,29,600
Top PUT Open Interest:
Strike	OI	OI Change	Volume
75000	2,45,800	2,16,320	4,73,160
81500	1,51,200	93,220	9,67,600
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
75000	2,45,800	2,16,320	4,73,160
81500	1,51,200	93,220	9,67,600
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
81800	11,080	-2,620	1,13,540
79100	3,600	-260	22,380
Top PUT Volume:
Strike	OI	OI Change	Volume
81500	1,51,200	93,220	9,67,600
81600	76,660	65,940	5,88,640

NIFTY Monthly Expiry (26/06/2025)

The NIFTY index closed at 24853.4. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.978 against previous 1.032. The 26000CE option holds the maximum open interest, followed by the 25000CE and 24500PE options. Market participants have shown increased interest with significant open interest additions in the 26100CE option, with open interest additions also seen in the 26000CE and 24400PE options. On the other hand, open interest reductions were prominent in the 27000CE, 24500PE, and 25000PE options. Trading volume was highest in the 25000CE option, followed by the 24500PE and 24900PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,853.40	0.978	1.032	0.860
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,95,14,325	6,32,57,275	62,57,050
PUT:	6,80,16,975	6,52,81,350	27,35,625
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	70,28,750	6,56,150	1,10,424
25,000	60,53,100	3,96,075	1,53,123
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,100	15,31,050	7,32,825	33,173
26,000	70,28,750	6,56,150	1,10,424
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,000	27,35,825	-3,89,350	20,874
25,500	48,77,550	-2,10,075	1,11,822
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	60,53,100	3,96,075	1,53,123
24,900	22,25,625	5,62,875	1,14,517
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	54,31,500	-2,62,275	1,27,564
24,000	46,35,125	54,475	74,688
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,400	16,78,050	6,54,900	57,766
24,900	25,87,800	4,95,300	1,20,594
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,500	54,31,500	-2,62,275	1,27,564
25,000	40,67,875	-2,29,325	97,338
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	54,31,500	-2,62,275	1,27,564
24,900	25,87,800	4,95,300	1,20,594

BANKNIFTY Monthly Expiry (26/06/2025)

The BANKNIFTY index closed at 55714.15. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.685 against previous 0.785. The 56000CE option holds the maximum open interest, followed by the 56000PE and 57000CE options. Market participants have shown increased interest with significant open interest additions in the 56000CE option, with open interest additions also seen in the 54000PE and 55800CE options. On the other hand, open interest reductions were prominent in the 55500PE, 40500PE, and 55900PE options. Trading volume was highest in the 56000CE option, followed by the 56000PE and 55800PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,714.15	0.685	0.785	0.912
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,50,18,755	2,21,67,549	28,51,206
PUT:	1,71,26,010	1,73,96,250	-2,70,240
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	24,59,280	3,51,240	2,17,829
57,000	16,28,835	1,01,745	1,00,441
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
56,000	24,59,280	3,51,240	2,17,829
55,800	4,31,340	1,91,370	1,08,149
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
60,500	4,89,360	-77,580	18,051
61,000	8,51,490	-54,180	31,537
Top CALL Volume:
Strike	OI	OI Change	Volume
56,000	24,59,280	3,51,240	2,17,829
55,800	4,31,340	1,91,370	1,08,149
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	19,96,680	13,110	1,91,807
55,000	12,82,110	-65,220	1,03,726
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
54,000	10,72,530	2,12,520	71,358
50,500	2,89,380	88,620	15,577
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
55,500	8,87,640	-1,31,580	1,12,537
40,500	2,13,180	-1,10,730	13,724
Top PUT Volume:
Strike	OI	OI Change	Volume
56,000	19,96,680	13,110	1,91,807
55,800	3,04,050	10,920	1,29,808

FINNIFTY Monthly Expiry (26/06/2025)

The FINNIFTY index closed at 26451.65. The FINNIFTY monthly expiry for JUNE 26, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.681 against previous 0.701. The 26500PE option holds the maximum open interest, followed by the 27000CE and 28500CE options. Market participants have shown increased interest with significant open interest additions in the 26500PE option, with open interest additions also seen in the 26500CE and 26700CE options. On the other hand, open interest reductions were prominent in the 26300PE, 24500PE, and 29500CE options. Trading volume was highest in the 26500PE option, followed by the 26500CE and 26300PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,451.65	0.681	0.701	1.011
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	15,44,920	14,33,250	1,11,670
PUT:	10,51,895	10,05,160	46,735
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,000	1,58,470	6,370	2,099
28,500	1,21,485	23,270	1,449
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,500	92,495	42,315	5,972
26,700	57,785	24,895	2,217
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
29,500	78,195	-13,650	595
28,700	35,620	-9,490	542
Top CALL Volume:
Strike	OI	OI Change	Volume
26,500	92,495	42,315	5,972
26,600	24,245	1,300	3,102
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,500	1,58,860	69,485	7,981
24,500	67,145	-16,575	743
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,500	1,58,860	69,485	7,981
26,450	42,575	12,610	1,764
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,300	59,605	-20,280	3,586
24,500	67,145	-16,575	743
Top PUT Volume:
Strike	OI	OI Change	Volume
26,500	1,58,860	69,485	7,981
26,300	59,605	-20,280	3,586

MIDCPNIFTY Monthly Expiry (26/06/2025)

The MIDCPNIFTY index closed at 13039.75. The MIDCPNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.045 against previous 1.177. The 13000PE option holds the maximum open interest, followed by the 14000CE and 13500CE options. Market participants have shown increased interest with significant open interest additions in the 13200CE option, with open interest additions also seen in the 13100CE and 12600PE options. On the other hand, open interest reductions were prominent in the 67000CE, 69000CE, and 66900PE options. Trading volume was highest in the 13000PE option, followed by the 13100PE and 13100CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,039.75	1.045	1.177	0.936
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	61,57,200	54,54,240	7,02,960
PUT:	64,32,480	64,21,560	10,920
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	6,76,080	58,560	7,000
13,500	6,47,160	32,640	14,849
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,200	4,18,560	1,15,800	17,528
13,100	2,41,440	74,760	17,722
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
14,500	1,52,160	-10,680	596
13,000	4,74,600	-8,400	9,333
Top CALL Volume:
Strike	OI	OI Change	Volume
13,100	2,41,440	74,760	17,722
13,200	4,18,560	1,15,800	17,528
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,01,280	-67,800	20,733
12,500	6,00,720	8,520	9,358
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,600	2,83,200	64,920	4,670
11,000	2,22,360	33,840	864
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,000	7,01,280	-67,800	20,733
10,000	56,280	-47,280	631
Top PUT Volume:
Strike	OI	OI Change	Volume
13,000	7,01,280	-67,800	20,733
13,100	2,17,200	-2,280	18,896

Conclusion: What the Future & Option Chain Analysis Tells Us

The 17th June F&O data underscores a market at a critical juncture: Nifty’s 24,800–24,850 support zone faces a litmus test, with a break below risking a slide to 24,750–24,600. BankNifty’s 56,000 max pain and 54,500 put additions suggest resistance at 56,200–56,500, while MIDCPNIFTY’s 13,000 support and FINNIFTY’s 26,500 max pain hint at selective sectoral plays. Traders should hedge with 24,800 puts and 55,500 BankNifty straddles, tracking FED policy cues and global volatility. As institutional activity converges, F&O market signals—PCR erosion, max pain clusters, and premium decay—will dictate whether bulls reclaim control or bears extend their grip.

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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