F&O Rollover Trends: Is the Nifty Breakout Sustainable? क्या निफ्टी ब्रेकआउट टिकाऊ है?

The F&O rollover trends on 26th June 2025 ignited a powerful market surge, with Nifty spot rocketing 1.21% to 25,549 as July futures opened at a 66-point premium amid robust rollovers (79.88% for June series). BankNifty spot leaped 1.03% to 57,206.70, supported by a PCR (OI) spike to 1.085 and max pain shift to 56,000, while FINNIFTY’s 1.48% rally and 1.311 PCR signaled financial sector leadership. With India VIX cooling to 12.59 and institutional heavyweights like Reliance and HDFC Bank driving activity, these F&O rollover trends suggest a decisive breakout—but sustainability hinges on holding key levels.

NSE & BSE F&O Rollover Trends

NIFTY JULY Future

NIFTY Spot closed at: 25,549.00 (1.21%)

NIFTY JULY Future closed at: 25,615.00 (1.04%)

Premium: 66 (Decreased by -39.45 points)

Open Interest Change: 13.4%

Volume Change: 71.8%

NIFTY Weekly Expiry (3/07/2025) Option Analysis

Put-Call Ratio (OI): 1.213 (Increased from 0.827)

Put-Call Ratio (Volume): 0.913

Max Pain Level: 25400

Maximum CALL OI: 26500

Maximum PUT OI: 25000

Highest CALL Addition: 27000

Highest PUT Addition: 25500

NIFTY Monthly Expiry (31/07/2025) Option Analysis

Put-Call Ratio (OI): 1.316 (Decreased from 1.352)

Put-Call Ratio (Volume): 1.270

Max Pain Level: 25100

Maximum CALL OI: 26000

Maximum PUT OI: 25000

Highest CALL Addition: 26000

Highest PUT Addition: 25000

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 57,206.70 (1.03%)

BANKNIFTY JULY Future closed at: 57,256.40 (0.83%)

Premium: 49.7 (Decreased by -116.55 points)

Open Interest Change: 45.5%

Volume Change: 108.7%

BANKNIFTY Monthly Expiry  (31/07/2025) Option Analysis

Put-Call Ratio (OI): 1.085 (Decreased from 1.087)

Put-Call Ratio (Volume): 0.966

Max Pain Level: 56000

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 64500

Highest PUT Addition: 57000

SENSEX Weekly Expiry (1/07/2025) Future

SENSEX Spot closed at: 83,755.87 (1.21%)

SENSEX Weekly Future closed at: 83,623.40 (1.09%)

Discount: -132.47 (Decreased by -96.26 points)

Open Interest Change: 17.9%

Volume Change: 60.0%

SENSEX Weekly Expiry (1/07/2025) Option Analysis

Put-Call Ratio (OI): 1.306 (Increased from 0.937)

Put-Call Ratio (Volume): 0.757

Max Pain Level: 83200

Maximum CALL OI: 85000

Maximum PUT OI: 80000

Highest CALL Addition: 86000

Highest PUT Addition: 80000

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 12,594.38 Cr
DIIs Net SELL: ₹ 195.23 Cr

FII Derivatives Activity

FII Trading Stats	26.06.25	25.06.25	24.06.25
FII Cash (Provisional Data)	12,594.38	-2,427.74	5,266.01
Index Future Open Interest Long Ratio	37.92%	23.25%	22.87%
Index Future Volume Long Ratio	60.75%	51.81%	47.67%
Call Option Open Interest Long Ratio	56.59%	56.19%	53.17%
Call Option Volume Long Ratio	50.17%	50.41%	49.53%
Put Option Open Interest Long Ratio	55.85%	56.29%	55.35%
Put Option Volume Long Ratio	50.10%	50.24%	49.64%
Stock Future Open Interest Long Ratio	64.62%	63.27%	62.77%
Stock Future Volume Long Ratio	51.00%	50.66%	50.22%
Index Futures	Short Covering	Fresh Long	Fresh Short
Index Options	Short Covering	Fresh Long	Fresh Short
Nifty Futures	Short Covering	Short Covering	Fresh Short
Nifty Options	Short Covering	Fresh Long	Fresh Short
BankNifty Futures	Fresh Long	Fresh Long	Short Covering
BankNifty Options	Short Covering	Short Covering	Fresh Short
FinNifty Futures	Long Covering	Long Covering	Long Covering
FinNifty Options	Long Covering	Fresh Long	Long Covering
MidcpNifty Futures	Short Covering	Short Covering	Fresh Long
MidcpNifty Options	Long Covering	Fresh Short	Short Covering
NiftyNxt50 Futures	Fresh Short	Fresh Short	Fresh Short
NiftyNxt50 Options	Short Covering	Long Covering	Fresh Long
Stock Futures	Short Covering	Fresh Long	Fresh Long
Stock Options	Short Covering	Fresh Short	Fresh Long

NSE F&O market Trends : Options Insights

NIFTY weekly Expiry (03/07/2025)

The NIFTY index closed at 25549. The NIFTY weekly expiry for JULY 3, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.213 against previous 0.827. The 26500CE option holds the maximum open interest, followed by the 25000PE and 25500PE options. Market participants have shown increased interest with significant open interest additions in the 25500PE option, with open interest additions also seen in the 27000CE and 25400PE options. On the other hand, open interest reductions were prominent in the 25200CE, 25250CE, and 25100CE options. Trading volume was highest in the 25500CE option, followed by the 25400CE and 26000CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	03-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,549.00	1.213	0.827	0.913
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,87,53,325	3,96,89,850	2,90,63,475
PUT:	8,34,28,875	3,28,05,750	5,06,23,125
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,500	60,73,275	30,93,900	2,45,993
26,000	49,93,425	16,71,300	4,75,614
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,000	46,91,100	46,91,100	1,73,455
26,500	60,73,275	30,93,900	2,45,993
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,200	11,84,700	-11,55,225	1,72,462
25,250	4,32,225	-3,93,225	85,950
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	47,72,475	18,57,375	6,49,507
25,400	25,69,800	10,48,950	4,84,675
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	58,25,025	23,68,875	4,24,354
25,500	51,51,375	48,02,700	3,68,657
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,500	51,51,375	48,02,700	3,68,657
25,400	42,30,675	37,45,200	4,41,550
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	39,075	-45,675	1,455
24,150	1,48,875	-27,750	14,961
Top PUT Volume:
Strike	OI	OI Change	Volume
25,400	42,30,675	37,45,200	4,41,550
25,300	39,79,200	28,31,625	4,28,956

SENSEX weekly Expiry (01/07/2025)

The SENSEX index closed at 83755.87. The SENSEX weekly expiry for JULY 01, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.306 against previous 0.937. The 85000CE option holds the maximum open interest, followed by the 86000CE and 80000PE options. Market participants have shown increased interest with significant open interest additions in the 80000PE option, with open interest additions also seen in the 83000PE and 86000CE options. On the other hand, open interest reductions were prominent in the 82700CE, 82800CE, and 88500CE options. Trading volume was highest in the 83000PE option, followed by the 83500CE and 85000CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	01-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
83755.87	1.306	0.937	0.757
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,00,35,900	63,27,420	37,08,480
PUT:	1,31,10,440	59,28,749	71,81,691
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	8,95,040	3,43,900	85,46,360
86000	8,62,340	4,58,380	67,44,280
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
86000	8,62,340	4,58,380	67,44,280
85000	8,95,040	3,43,900	85,46,360
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
82700	65,460	-1,55,240	11,88,420
82800	50,700	-1,21,920	22,00,580
Top CALL Volume:
Strike	OI	OI Change	Volume
83500	3,56,940	2,19,880	93,62,800
85000	8,95,040	3,43,900	85,46,360
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	7,81,600	5,10,280	40,25,460
83000	6,56,080	4,67,880	1,04,39,200
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80000	7,81,600	5,10,280	40,25,460
83000	6,56,080	4,67,880	1,04,39,200
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
74800	1,040	-760	9,960
88000	640	-40	60
Top PUT Volume:
Strike	OI	OI Change	Volume
83000	6,56,080	4,67,880	1,04,39,200
82500	6,35,100	1,59,040	65,26,500

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25549. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.316 against previous 1.352. The 25000PE option holds the maximum open interest, followed by the 26000CE and 24500PE options. Market participants have shown increased interest with significant open interest additions in the 25000PE option, with open interest additions also seen in the 25500PE and 26000CE options. On the other hand, open interest reductions were prominent in the 23500PE, 25000CE, and 23400PE options. Trading volume was highest in the 26000CE option, followed by the 25000PE and 25500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,549.00	1.316	1.352	1.270
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,00,76,275	2,53,87,500	46,88,775
PUT:	3,95,75,250	3,43,29,450	52,45,800
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	45,07,800	8,32,050	93,520
25,000	34,05,075	-97,425	34,350
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	45,07,800	8,32,050	93,520
27,000	5,36,700	5,36,700	20,318
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	34,05,075	-97,425	34,350
24,900	3,08,100	-53,250	2,869
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	45,07,800	8,32,050	93,520
25,500	28,26,525	3,31,650	85,613
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	63,17,175	14,13,375	88,825
24,500	36,45,000	1,43,250	53,522
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	63,17,175	14,13,375	88,825
25,500	22,84,425	12,90,600	63,544
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,500	18,92,400	-4,45,575	39,024
23,400	2,21,475	-65,175	9,095
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	63,17,175	14,13,375	88,825
25,500	22,84,425	12,90,600	63,544

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 57206.7. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.085 against previous 1.087. The 56000PE option holds the maximum open interest, followed by the 56000CE and 57000PE options. Market participants have shown increased interest with significant open interest additions in the 57000PE option, with open interest additions also seen in the 64500CE and 56000PE options. On the other hand, open interest reductions were prominent in the 56600CE, 51000PE, and 56400CE options. Trading volume was highest in the 57000CE option, followed by the 57000PE and 56000PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
57,206.70	1.085	1.087	0.966
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	85,50,185	62,20,620	23,29,565
PUT:	92,80,915	67,59,139	25,21,776
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	14,28,035	50,330	20,777
57,000	7,80,500	1,54,665	68,645
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
64,500	3,94,660	3,29,910	13,583
60,000	6,69,935	2,03,035	28,739
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
56,600	61,915	-17,325	12,738
56,400	20,020	-6,545	1,761
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	7,80,500	1,54,665	68,645
58,000	5,61,750	67,235	37,611
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	19,32,770	2,12,625	46,571
57,000	8,54,525	4,60,985	59,837
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
57,000	8,54,525	4,60,985	59,837
56,000	19,32,770	2,12,625	46,571
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
51,000	2,09,510	-12,355	12,883
48,000	1,26,035	-4,410	3,660
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	8,54,525	4,60,985	59,837
56,000	19,32,770	2,12,625	46,571

Conclusion: What the Future & Option Chain Analysis Tells Us

The 26th June F&O data reveals a bullish consensus: Nifty’s 25,500 breakout and 25,400 max pain create strong support, with resistance at 25,800–26,000 (call OI: 26,500). BankNifty’s 57,000+ close and FINNIFTY’s 27,000 max pain favor financial leadership, while MIDCPNIFTY’s 13,200 support offers tactical opportunities. Traders should target 25,600 calls and 57,500 BankNifty strikes, leveraging positive global cues. As July series begins, F&O rollover trends—high PCRs, premium stability, and sectoral strength—hint at extended gains if indices defend breakout zones.

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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