Turning Complex Derivative Data into Clear Market Insights
NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 27/11/2025
Table of Contents
NIFTY’s Open Interest Volume Analysis shows cautious short covering: Combined futures open interest fell slightly (-0.71%) while volumes decreased (-31%), and prices were nearly flat (+0.04%), indicating traders are closing short positions amid reduced trading activity.
December futures reflect modest fresh long accumulation: December OI rose by 2.33% with prices holding firm, suggesting selective fresh buying in the near-month contract despite overall market consolidation.
January futures continue moderate long build-up: January OI climbed modestly (+0.85%) with a slight price increase, showing continued interest in longer-term upside potential.
Options put-call ratio remains elevated: Weekly PCR decreased from 1.553 to 1.137 signaling easing bearishness, while monthly PCR remains high at 1.229, reflecting some persistent cautiousness from options traders.
Max pain stable near 26,000–26,200: Call and put open interest clusters at these strikes keep price action range-bound near this level, forming a tactical battleground as expiry approaches.
BankNIFTY and FINNIFTY reflect similar dynamics: BankNIFTY shows fresh long buildup (+7.44% OI), while FINNIFTY also adds longs (+3.9%), indicating broad-based index strength outside NIFTY’s short-covering phase.
MIDCPNIFTY sees long unwinding: Combined OI drops (-1.1%), volume declines, suggesting mixed sectoral sentiment with fresh shorts emerging in some midcap segments.
NSE & BSE F&O Market Signals
NIFTY Future analysis
NIFTY Spot closed at: 26215.55 (0.039%)
Combined = December + January + February
Combined Fut Open Interest Change: -0.71%
Combined Fut Volume Change: -31.08%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 7% Previous 6%
NIFTY DECEMBER Future closed at: 26390.9 (0.037%)
November Fut Premium 175.35 (Decreased by -0.55 points)
November Fut Open Interest Change: -1.34%
November Fut Volume Change: -33.21%
November Fut Open Interest Analysis: Short Covering
NIFTY JANUARY Future closed at: 26548.7 (0.081%)
December Fut Premium 333.15 (Increased by 11.15 points)
December Fut Open Interest Change: 2.33%
December Fut Volume Change: -11.52%
December Fut Open Interest Analysis: Fresh Long
NIFTY Weekly Expiry (2/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.137 (Decreased from 1.553)
Put-Call Ratio (Volume): 0.967
Max Pain Level: 26200
Maximum CALL Open Interest: 26500
Maximum PUT Open Interest: 26000
Highest CALL Addition: 26600
Highest PUT Addition: 26250
NIFTY Monthly Expiry (30/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.229 (Decreased from 1.253)
Put-Call Ratio (Volume): 1.238
Max Pain Level: 26000
Maximum CALL Open Interest: 27000
Maximum PUT Open Interest: 26000
Highest CALL Addition: 27400
Highest PUT Addition: 25800
BANKNIFTY Future Analysis
BANKNIFTY Spot closed at: 59737.3 (0.352%)
Combined = December + January + February
Combined Fut Open Interest Change: 7.44%
Combined Fut Volume Change: -14.43%
Combined Fut Open Interest Analysis: Fresh Long
Rollover: 9% Previous 8%
BANKNIFTY DECEMBER Future closed at: 60031.8 (0.359%)
November Fut Premium 294.5 (Increased by 5.35 points)
November Fut Open Interest Change: 6.9%
November Fut Volume Change: -15.4%
November Fut Open Interest Analysis: Fresh Long
BANKNIFTY JANUARY Future closed at: 60359.2 (0.353%)
December Fut Premium 621.9 (Increased by 3.35 points)
December Fut Open Interest Change: 10.41%
December Fut Volume Change: -14.07%
December Fut Open Interest Analysis: Fresh Long
BANKNIFTY Monthly Expiry (30/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.170 (Increased from 1.148)
Put-Call Ratio (Volume): 0.898
Max Pain Level: 59100
Maximum CALL Open Interest: 58500
Maximum PUT Open Interest: 58500
Highest CALL Addition: 60000
Highest PUT Addition: 60000
FINNIFTY Future Analysis
FINNIFTY Spot closed at: 27946.2 (0.528%)
Combined = December + January + February
Combined Fut Open Interest Change: 3.9%
Combined Fut Volume Change: -30.3%
Combined Fut Open Interest Analysis: Fresh Long
Rollover: 1% Previous 0%
FINNIFTY DECEMBER Future closed at: 28099.8 (0.550%)
November Fut Premium 153.6 (Increased by 7.1 points)
November Fut Open Interest Change: 3.70%
November Fut Volume Change: -30.86%
November Fut Open Interest Analysis: Fresh Long
FINNIFTY JANUARY Future closed at: 28216.1 (0.512%)
December Fut Premium 269.9 (Decreased by -2.9 points)
December Fut Open Interest Change: 50.00%
December Fut Volume Change: 200.00%
December Fut Open Interest Analysis: Fresh Long
FINNIFTY Monthly Expiry (30/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.060 (Decreased from 1.075)
Put-Call Ratio (Volume): 1.062
Max Pain Level: 27900
Maximum CALL Open Interest: 28000
Maximum PUT Open Interest: 28000
Highest CALL Addition: 28000
Highest PUT Addition: 28000
MIDCPNIFTY Future Analysis
MIDCPNIFTY Spot closed at: 14075.9 (0.475%)
Combined = December + January + February
Combined Fut Open Interest Change: -1.10%
Combined Fut Volume Change: -26.33%
Combined Fut Open Interest Analysis: Short Covering
Rollover: 1% Previous 1%
MIDCPNIFTY DECEMBER Future closed at: 14159.8 (0.318%)
November Fut Premium 83.9 (Decreased by -21.7 points)
November Fut Open Interest Change: -1.05%
November Fut Volume Change: -27.28%
November Fut Open Interest Analysis: Short Covering
MIDCPNIFTY JANUARY Future closed at: 14218.05 (0.310%)
December Fut Premium 142.15 (Decreased by -22.7 points)
December Fut Open Interest Change: -6.56%
December Fut Volume Change: -6.91%
December Fut Open Interest Analysis: Short Covering
MIDCPNIFTY Monthly Expiry (30/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 1.051 (Decreased from 1.055)
Put-Call Ratio (Volume): 0.908
Max Pain Level: 14000
Maximum CALL Open Interest: 15000
Maximum PUT Open Interest: 13000
Highest CALL Addition: 15000
Highest PUT Addition: 14100
SENSEX Monthly Expiry (4/12/2025) Future
SENSEX Spot closed at: 85,720.38 (0.130%)
SENSEX Monthly Future closed at: 86,310.30 (0.137%)
Premium: 589.92 (Increased by 6.98 points)
Open Interest Change: 19.32%
Volume Change: 22.31%
Open Interest Analysis: Fresh Long
SENSEX Weekly Expiry (27/11/2025) Option Analysis
Put-Call Ratio (OI): 0.995 (Decreased from 1.161)
Put-Call Ratio (Volume): 1.062
Max Pain Level: 85600
Maximum CALL OI: 89000
Maximum PUT OI: 82000
Highest CALL Addition: 89000
Highest PUT Addition: 82000
FII & DII Cash Market Activity
FIIs Net SELL: ₹ 1,255.20 Cr.
DIIs Net BUY: ₹ 3,940.87 Cr.
FII Derivatives Activity
| FII Trading Stats | 27.11.25 | 26.11.25 | 25.11.25 |
| FII Cash (Provisional Data) | -1,255.20 | 4,778.03 | 785.32 |
| Index Future Open Interest Long Ratio | 18.56% | 17.19% | 15.07% |
| Index Future Volume Long Ratio | 56.41% | 55.12% | 43.58% |
| Call Option Open Interest Long Ratio | 51.28% | 51.38% | 45.89% |
| Call Option Volume Long Ratio | 50.01% | 50.86% | 49.93% |
| Put Option Open Interest Long Ratio | 60.29% | 57.59% | 67.73% |
| Put Option Volume Long Ratio | 50.39% | 48.93% | 50.09% |
| Stock Future Open Interest Long Ratio | 61.51% | 61.88% | 61.58% |
| Stock Future Volume Long Ratio | 46.25% | 53.23% | 50.14% |
| Index Futures | Fresh Long | Fresh Long | Long Covering |
| Index Options | Fresh Long | Fresh Short | Short Covering |
| Nifty Futures | Fresh Short | Fresh Long | Long Covering |
| Nifty Options | Fresh Long | Fresh Short | Short Covering |
| BankNifty Futures | Short Covering | Fresh Long | Long Covering |
| BankNifty Options | Fresh Long | Fresh Short | Long Covering |
| FinNifty Futures | Short Covering | Short Covering | Short Covering |
| FinNifty Options | Fresh Long | Fresh Long | Short Covering |
| MidcpNifty Futures | Fresh Short | Long Covering | Long Covering |
| MidcpNifty Options | Fresh Long | Fresh Short | Short Covering |
| NiftyNxt50 Futures | Fresh Short | Short Covering | Long Covering |
| NiftyNxt50 Options | Fresh Long | Fresh Long | Long Covering |
| Stock Futures | Fresh Short | Fresh Long | Short Covering |
| Stock Options | Fresh Short | Fresh Short | Long Covering |
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 (4/12/2025)
The SENSEX index closed at 85720.38. The SENSEX weekly expiry for DECEMBER 4, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.995 against previous 1.161. The 89000CE option holds the maximum open interest, followed by the 82000PE and 85000PE options. Market participants have shown increased interest with significant open interest additions in the 89000CE option, with open interest additions also seen in the 82000PE and 89500CE options. On the other hand, open interest reductions were prominent in the 85000CE, 85100CE, and 84500CE options. Trading volume was highest in the 86000CE option, followed by the 85500PE and 86000PE options, indicating active trading in these strikes.
| SENSEX | Weekly | Expiry: | 04-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 85720.38 | 0.995 | 1.161 | 1.062 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 42,82,260 | 16,78,740 | 26,03,520 |
| PUT: | 42,61,760 | 19,49,400 | 23,12,360 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 89000 | 3,98,160 | 3,34,380 | 10,51,780 |
| 87500 | 3,20,180 | 1,48,340 | 8,83,900 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 89000 | 3,98,160 | 3,34,380 | 10,51,780 |
| 89500 | 2,36,840 | 2,20,500 | 4,74,920 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 85000 | 69,180 | -20,840 | 2,16,320 |
| 85100 | 11,200 | -4,700 | 24,840 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 86000 | 2,99,740 | 1,71,960 | 27,48,540 |
| 87000 | 2,71,940 | 1,43,800 | 15,69,120 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 82000 | 3,95,160 | 2,82,340 | 9,77,580 |
| 85000 | 3,64,960 | 87,580 | 18,75,440 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 82000 | 3,95,160 | 2,82,340 | 9,77,580 |
| 85500 | 3,36,080 | 1,87,600 | 22,32,980 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 81100 | 2,940 | -20 | 5,340 |
| 77200 | 100 | – | 20 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 85500 | 3,36,080 | 1,87,600 | 22,32,980 |
| 86000 | 1,89,180 | 1,28,060 | 20,23,460 |
NIFTY Weekly Expiry (2/12/2025)
The NIFTY index closed at 26215.55. The NIFTY weekly expiry for DECEMBER 2, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.137 against previous 1.553. The 26000PE option holds the maximum open interest, followed by the 26500CE and 25000PE options. Market participants have shown increased interest with significant open interest additions in the 26600CE option, with open interest additions also seen in the 26300CE and 26400CE options. On the other hand, open interest reductions were prominent in the 26100PE, 26000PE, and 25200PE options. Trading volume was highest in the 26300CE option, followed by the 26200PE and 26200CE options, indicating active trading in these strikes.
| NIFTY | Weekly | Expiry: | 02-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 26,215.55 | 1.137 | 1.553 | 0.967 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 14,37,39,825 | 10,44,56,625 | 3,92,83,200 |
| PUT: | 16,34,98,725 | 16,22,47,350 | 12,51,375 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,500 | 1,06,37,775 | 26,90,100 | 21,87,275 |
| 26,300 | 93,16,800 | 41,82,375 | 38,04,603 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 26,600 | 83,88,450 | 45,25,950 | 12,60,773 |
| 26,300 | 93,16,800 | 41,82,375 | 38,04,603 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 40,19,175 | -10,61,850 | 3,23,054 |
| 26,100 | 38,07,900 | -8,46,525 | 7,44,688 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,300 | 93,16,800 | 41,82,375 | 38,04,603 |
| 26,200 | 70,91,700 | 5,47,575 | 29,88,972 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 1,53,64,275 | -15,07,425 | 19,52,920 |
| 25,000 | 96,78,000 | -6,25,125 | 5,63,318 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 26,250 | 26,13,450 | 12,61,050 | 22,11,217 |
| 25,100 | 35,91,525 | 12,40,050 | 2,54,599 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 26,100 | 83,60,325 | -15,12,000 | 18,47,702 |
| 26,000 | 1,53,64,275 | -15,07,425 | 19,52,920 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,200 | 74,72,550 | 2,41,425 | 33,87,587 |
| 26,300 | 33,55,650 | 7,07,250 | 25,13,663 |
NIFTY Monthly Expiry (30/12/2025)
The NIFTY index closed at 26215.55. The NIFTY monthly expiry for DECEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.229 against previous 1.253. The 26000PE option holds the maximum open interest, followed by the 27000CE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 27400CE option, with open interest additions also seen in the 27000CE and 25800PE options. On the other hand, open interest reductions were prominent in the 26000PE, 26000CE, and 25500PE options. Trading volume was highest in the 26000PE option, followed by the 27000CE and 26500CE options, indicating active trading in these strikes.
| NIFTY | Monthly | Expiry: | 30-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 26,215.55 | 1.229 | 1.253 | 1.238 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 4,70,42,500 | 4,60,53,475 | 9,89,025 |
| PUT: | 5,77,93,625 | 5,76,84,900 | 1,08,725 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 27,000 | 70,79,025 | 3,40,075 | 89,878 |
| 26,000 | 59,90,500 | -4,64,700 | 38,609 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 27,400 | 7,99,425 | 4,76,850 | 17,964 |
| 27,000 | 70,79,025 | 3,40,075 | 89,878 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 59,90,500 | -4,64,700 | 38,609 |
| 26,200 | 18,89,625 | -2,56,650 | 39,920 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 27,000 | 70,79,025 | 3,40,075 | 89,878 |
| 26,500 | 31,91,250 | -48,075 | 63,899 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 71,13,525 | -5,86,750 | 90,351 |
| 25,000 | 47,07,050 | -19,625 | 48,372 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 25,800 | 15,43,050 | 2,81,625 | 26,273 |
| 25,700 | 21,12,750 | 2,63,925 | 18,882 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 71,13,525 | -5,86,750 | 90,351 |
| 25,500 | 41,87,925 | -2,88,825 | 59,334 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 71,13,525 | -5,86,750 | 90,351 |
| 25,500 | 41,87,925 | -2,88,825 | 59,334 |
BANKNIFTY Monthly Expiry (30/12/2025)
The BANKNIFTY index closed at 59737.3. The BANKNIFTY monthly expiry for DECEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.170 against previous 1.148. The 58500PE option holds the maximum open interest, followed by the 58500CE and 59000PE options. Market participants have shown increased interest with significant open interest additions in the 60000PE option, with open interest additions also seen in the 60000CE and 59700PE options. On the other hand, open interest reductions were prominent in the 59500CE, 59000CE, and 55500PE options. Trading volume was highest in the 60000CE option, followed by the 59500PE and 60000PE options, indicating active trading in these strikes.
| BANKNIFTY | Monthly | Expiry: | 30-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 59,737.30 | 1.170 | 1.148 | 0.898 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,08,52,510 | 1,03,19,145 | 5,33,365 |
| PUT: | 1,27,00,000 | 1,18,46,840 | 8,53,160 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 12,91,290 | -15,680 | 5,624 |
| 60,000 | 9,72,930 | 1,89,560 | 1,25,137 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 60,000 | 9,72,930 | 1,89,560 | 1,25,137 |
| 65,000 | 3,48,740 | 78,435 | 16,030 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 59,500 | 4,75,510 | -80,815 | 72,945 |
| 59,000 | 6,52,540 | -70,315 | 19,288 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 60,000 | 9,72,930 | 1,89,560 | 1,25,137 |
| 59,700 | 1,41,400 | 26,320 | 73,477 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 58,500 | 20,60,660 | 48,965 | 40,004 |
| 59,000 | 11,70,820 | 19,565 | 65,402 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 60,000 | 6,56,705 | 2,95,085 | 81,786 |
| 59,700 | 2,38,700 | 1,56,590 | 74,290 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 55,500 | 2,53,745 | -62,790 | 10,884 |
| 59,400 | 2,01,040 | -21,245 | 21,549 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 59,500 | 7,12,950 | 11,305 | 93,547 |
| 60,000 | 6,56,705 | 2,95,085 | 81,786 |
FINNIFTY Monthly Expiry (30/12/2025)
The FINNIFTY index closed at 27946.2. The FINNIFTY monthly expiry for DECEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.060 against previous 1.075. The 28000CE option holds the maximum open interest, followed by the 28000PE and 27700PE options. Market participants have shown increased interest with significant open interest additions in the 28000CE option, with open interest additions also seen in the 28000PE and 27900PE options. On the other hand, open interest reductions were prominent in the 27800CE, 27600PE, and 27600CE options. Trading volume was highest in the 28000CE option, followed by the 28000PE and 27900PE options, indicating active trading in these strikes.
| FINNIFTY | Monthly | Expiry: | 30-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 27,946.20 | 1.060 | 1.075 | 1.062 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 2,14,955 | 1,27,530 | 87,425 |
| PUT: | 2,27,890 | 1,37,150 | 90,740 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 28,000 | 39,780 | 32,760 | 2,666 |
| 29,000 | 23,660 | 8,970 | 747 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 28,000 | 39,780 | 32,760 | 2,666 |
| 29,600 | 16,185 | 9,230 | 457 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 27,800 | 6,825 | -3,185 | 326 |
| 27,600 | 4,355 | -975 | 45 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 28,000 | 39,780 | 32,760 | 2,666 |
| 28,500 | 12,155 | 9,035 | 962 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 28,000 | 30,810 | 27,560 | 2,433 |
| 27,700 | 29,640 | 3,575 | 768 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 28,000 | 30,810 | 27,560 | 2,433 |
| 27,900 | 14,105 | 10,595 | 1,974 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 27,600 | 5,330 | -1,625 | 144 |
| 28,500 | 910 | -65 | 33 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 28,000 | 30,810 | 27,560 | 2,433 |
| 27,900 | 14,105 | 10,595 | 1,974 |
MIDCPNIFTY Monthly Expiry (30/12/2025)
The MIDCPNIFTY index closed at 14075.9. The MIDCPNIFTY monthly expiry for DECEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.051 against previous 1.055. The 15000CE option holds the maximum open interest, followed by the 13000PE and 14000PE options. Market participants have shown increased interest with significant open interest additions in the 15000CE option, with open interest additions also seen in the 14100PE and 14100CE options. On the other hand, open interest reductions were prominent in the 70200CE, 64500CE, and 64500CE options. Trading volume was highest in the 14000PE option, followed by the 14000CE and 14100CE options, indicating active trading in these strikes.
| MIDCPNIFTY | Monthly | Expiry: | 30-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 14,075.90 | 1.051 | 1.055 | 0.908 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 32,68,440 | 27,18,940 | 5,49,500 |
| PUT: | 34,34,060 | 28,67,760 | 5,66,300 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 15,000 | 6,02,700 | 2,06,640 | 5,718 |
| 14,000 | 3,93,540 | 1,960 | 9,196 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 15,000 | 6,02,700 | 2,06,640 | 5,718 |
| 14,100 | 2,39,680 | 1,22,920 | 8,405 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 13,900 | 85,960 | -25,340 | 790 |
| 13,950 | 23,240 | -23,660 | 431 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 3,93,540 | 1,960 | 9,196 |
| 14,100 | 2,39,680 | 1,22,920 | 8,405 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 13,000 | 5,04,420 | 82,320 | 4,110 |
| 14,000 | 4,41,840 | 32,760 | 10,689 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 14,100 | 2,10,000 | 1,44,340 | 7,508 |
| 13,300 | 2,63,480 | 1,22,360 | 4,590 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 13,950 | 36,540 | -32,620 | 1,477 |
| 13,200 | 2,14,760 | -13,160 | 2,228 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 4,41,840 | 32,760 | 10,689 |
| 14,100 | 2,10,000 | 1,44,340 | 7,508 |
Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us
Market is in a mixed phase but leaning towards long bias beyond near-term: Open Interest Volume Analysis suggests tactical short covering with modest fresh long positions, especially seen in December and January futures.
Actionable feedback: Traders should focus on buying on dips near max pain and major OI strikes around 26,000–26,200. Use options as a guide for risk management, with tight stops below these levels.
Sector rotation: Favor BankNIFTY and FINNIFTY for bullish plays, while exercising caution in midcap spaces like MIDCPNIFTY where sentiment appears less settled.
Watch PCR trends for clarity: A gradual decrease in PCR combined with steady or rising OI supports incremental bullish positioning; a reversal could prompt more cautious trades.
Maintain nimble trading: As expiry nears, Open Interest Volume Analysis points to range-bound action with occasional bursts—diligent monitoring of OI and volume changes remains key for profitable setups.
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