Turning Complex Derivative Data into Clear Market Insights
NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 10/12/2025

Table of Contents
NIFTY’s Open Interest Volume Analysis confirms relentless bear grip: Combined futures OI climbed 2.61% even as volume tanked -26.74% and spot slid another 0.32%—textbook fresh short buildup where bears add positions without needing crowd frenzy.
December and January both doubling down on shorts: Steady OI gains across contracts with premiums shrinking fast, screaming that downside conviction is deepening despite the lighter volume.
Options PCR plunging to extreme bullish tilt: Weekly at 0.544 and monthly near 1.0, max pain shifting to 25,850-26,000—calls dominating, hinting big players might be prepping to defend or trap shorts soon.
BANKNIFTY flips to fresh shorts aggressively: +6.31% combined OI surge on falling volume marks a sharp pivot from yesterday’s covering—banking bulls fully capitulated.
FINNIFTY shorts explode on volume rebound: 5.4% OI jump with +68% volume roar shows financials leading the charge lower, no mercy here.
MIDCPNIFTY joins late but heavy: +1.95% combined OI amid volume dip signals shorts piling into midcaps too, dragging the breadth wider.
SENSEX seals the bear case: 5.51% OI spike aligns perfectly with index-wide short frenzy.
NSE & BSE F&O Market Signals
NIFTY Future analysis
NIFTY Spot closed at: 25758 (-0.316%)
Combined = December + January + February
Combined Fut Open Interest Change: 2.61%
Combined Fut Volume Change: -26.74%
Combined Fut Open Interest Analysis: Fresh Short
Rollover: 9% Previous 9%
NIFTY DECEMBER Future closed at: 25863.9 (-0.371%)
December Fut Premium 105.9 (Decreased by -14.65 points)
December Fut Open Interest Change: 2.32%
December Fut Volume Change: -26.91%
December Fut Open Interest Analysis: Fresh Short
NIFTY JANUARY Future closed at: 26032.4 (-0.378%)
January Fut Premium 274.4 (Decreased by -17.15 points)
January Fut Open Interest Change: 4.54%
January Fut Volume Change: -18.51%
January Fut Open Interest Analysis: Fresh Short
NIFTY Weekly Expiry (16/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 0.544 (Decreased from 0.668)
Put-Call Ratio (Volume): 0.992
Max Pain Level: 25850
Maximum CALL Open Interest: 26000
Maximum PUT Open Interest: 25500
Highest CALL Addition: 26000
Highest PUT Addition: 25500
NIFTY Monthly Expiry (30/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 0.997 (Decreased from 1.024)
Put-Call Ratio (Volume): 0.817
Max Pain Level: 26000
Maximum CALL Open Interest: 26000
Maximum PUT Open Interest: 26000
Highest CALL Addition: 26400
Highest PUT Addition: 25800
BANKNIFTY Future Analysis
BANKNIFTY Spot closed at: 58960.4 (-0.442%)
Combined = December + January + February
Combined Fut Open Interest Change: 6.31%
Combined Fut Volume Change: -11.20%
Combined Fut Open Interest Analysis: Fresh Short
Rollover: 11% Previous 11%
BANKNIFTY DECEMBER Future closed at: 59246.4 (-0.474%)
December Fut Premium 286 (Decreased by -20.05 points)
December Fut Open Interest Change: 6.4%
December Fut Volume Change: -12.6%
December Fut Open Interest Analysis: Fresh Short
BANKNIFTY JANUARY Future closed at: 59572 (-0.486%)
January Fut Premium 611.6 (Decreased by -29.05 points)
January Fut Open Interest Change: 4.78%
January Fut Volume Change: 8.47%
January Fut Open Interest Analysis: Fresh Short
BANKNIFTY Monthly Expiry (30/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 0.812 (Decreased from 0.893)
Put-Call Ratio (Volume): 0.961
Max Pain Level: 59400
Maximum CALL Open Interest: 60000
Maximum PUT Open Interest: 59500
Highest CALL Addition: 59500
Highest PUT Addition: 57500
FINNIFTY Future Analysis
FINNIFTY Spot closed at: 27404.3 (-0.528%)
Combined = December + January + February
Combined Fut Open Interest Change: 5.4%
Combined Fut Volume Change: 68.4%
Combined Fut Open Interest Analysis: Fresh Short
Rollover: 3% Previous 3%
FINNIFTY DECEMBER Future closed at: 27554.6 (-0.536%)
December Fut Premium 150.3 (Decreased by -3.05 points)
December Fut Open Interest Change: 5.05%
December Fut Volume Change: 69.70%
December Fut Open Interest Analysis: Fresh Short
FINNIFTY JANUARY Future closed at: 27717.5 (-0.810%)
January Fut Premium 313.2 (Decreased by -80.85 points)
January Fut Open Interest Change: 20.00%
January Fut Volume Change: 16.67%
January Fut Open Interest Analysis: Fresh Short
FINNIFTY Monthly Expiry (30/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 0.729 (Decreased from 0.775)
Put-Call Ratio (Volume): 1.084
Max Pain Level: 27800
Maximum CALL Open Interest: 28200
Maximum PUT Open Interest: 27800
Highest CALL Addition: 27500
Highest PUT Addition: 27500
MIDCPNIFTY Future Analysis
MIDCPNIFTY Spot closed at: 13534.35 (-1.506%)
Combined = December + January + February
Combined Fut Open Interest Change: 1.95%
Combined Fut Volume Change: -24.92%
Combined Fut Open Interest Analysis: Fresh Short
Rollover: 4% Previous 3%
MIDCPNIFTY DECEMBER Future closed at: 13573.7 (-1.550%)
December Fut Premium 39.35 (Decreased by -6.65 points)
December Fut Open Interest Change: 1.49%
December Fut Volume Change: -24.19%
December Fut Open Interest Analysis: Fresh Short
MIDCPNIFTY JANUARY Future closed at: 13655.4 (-1.542%)
January Fut Premium 121.05 (Decreased by -6.9 points)
January Fut Open Interest Change: 14.98%
January Fut Volume Change: -34.12%
January Fut Open Interest Analysis: Fresh Short
MIDCPNIFTY Monthly Expiry (30/12/2025) Option Analysis
Put-Call Ratio (Open Interest): 0.728 (Decreased from 0.792)
Put-Call Ratio (Volume): 0.638
Max Pain Level: 13800
Maximum CALL Open Interest: 14000
Maximum PUT Open Interest: 13000
Highest CALL Addition: 14000
Highest PUT Addition: 13000
SENSEX Monthly Expiry (24/12/2025) Future
SENSEX Spot closed at: 84,391.27 (-0.325%)
SENSEX Monthly Future closed at: 84,734.35 (-0.388%)
Premium: 343.08 (Decreased by -55.14 points)
Open Interest Change: 5.51%
Volume Change: 8.98%
Open Interest Analysis: Fresh Short
SENSEX Weekly Expiry (11/12/2025) Option Analysis
Put-Call Ratio (OI): 0.483 (Decreased from 0.626)
Put-Call Ratio (Volume): 1.088
Max Pain Level: 84500
Maximum CALL OI: 85000
Maximum PUT OI: 83000
Highest CALL Addition: 85000
Highest PUT Addition: 79500
FII & DII Cash Market Activity
FIIs Net SELL: ₹ 1,651.06 Cr.
DIIs Net BUY: ₹ 3,752.31 Cr.
FII Derivatives Activity
| FII Trading Stats | 10.12.25 | 9.12.25 | 8.12.25 |
| FII Cash (Provisional Data) | -1,651.06 | -3,760.08 | -655.59 |
| Index Future Open Interest Long Ratio | 10.67% | 10.79% | 12.07% |
| Index Future Volume Long Ratio | 39.71% | 44.51% | 27.76% |
| Call Option Open Interest Long Ratio | 48.45% | 47.59% | 46.06% |
| Call Option Volume Long Ratio | 50.08% | 50.28% | 49.40% |
| Put Option Open Interest Long Ratio | 65.95% | 67.41% | 64.44% |
| Put Option Volume Long Ratio | 50.00% | 50.22% | 50.36% |
| Stock Future Open Interest Long Ratio | 61.55% | 61.70% | 61.52% |
| Stock Future Volume Long Ratio | 48.44% | 51.83% | 48.41% |
| Index Futures | Fresh Short | Long Covering | Fresh Short |
| Index Options | Fresh Long | Short Covering | Fresh Short |
| Nifty Futures | Fresh Short | Fresh Short | Fresh Short |
| Nifty Options | Fresh Long | Short Covering | Fresh Short |
| BankNifty Futures | Fresh Short | Long Covering | Fresh Short |
| BankNifty Options | Fresh Long | Fresh Short | Fresh Long |
| FinNifty Futures | Short Covering | Long Covering | Fresh Short |
| FinNifty Options | Fresh Long | Long Covering | Fresh Long |
| MidcpNifty Futures | Long Covering | Fresh Long | Fresh Short |
| MidcpNifty Options | Fresh Short | Fresh Long | Short Covering |
| NiftyNxt50 Futures | Short Covering | Fresh Short | Fresh Short |
| NiftyNxt50 Options | Fresh Long | Fresh Long | Fresh Short |
| Stock Futures | Long Covering | Fresh Long | Long Covering |
| Stock Options | Fresh Short | Fresh Short | Fresh Long |
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 (11/12/2025)
The SENSEX index closed at 84391.27. The SENSEX weekly expiry for DECEMBER 11, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.483 against previous 0.626. The 85000CE option holds the maximum open interest, followed by the 86000CE and 85500CE options. Market participants have shown increased interest with significant open interest additions in the 85000CE option, with open interest additions also seen in the 85300CE and 86500CE options. On the other hand, open interest reductions were prominent in the 84700PE, 85000PE, and 84600PE options. Trading volume was highest in the 85000CE option, followed by the 84500PE and 84000PE options, indicating active trading in these strikes.
| SENSEX | Weekly | Expiry: | 11-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 84391.27 | 0.483 | 0.626 | 1.088 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 4,56,00,420 | 2,78,43,080 | 1,77,57,340 |
| PUT: | 2,20,16,900 | 1,74,20,280 | 45,96,620 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 85000 | 33,24,880 | 20,23,560 | 14,57,68,120 |
| 86000 | 28,74,140 | 6,99,720 | 3,87,53,720 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 85000 | 33,24,880 | 20,23,560 | 14,57,68,120 |
| 85300 | 17,79,900 | 11,74,580 | 6,46,47,660 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 87200 | 2,26,520 | -70,980 | 41,01,700 |
| 92000 | 1,18,880 | -64,700 | 4,54,300 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 85000 | 33,24,880 | 20,23,560 | 14,57,68,120 |
| 84800 | 13,97,580 | 8,59,280 | 9,81,37,040 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 83000 | 17,50,920 | 3,64,580 | 2,21,67,600 |
| 84000 | 14,27,040 | 1,41,020 | 14,08,47,460 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 79500 | 6,56,180 | 6,04,600 | 44,99,840 |
| 84400 | 8,73,360 | 5,05,040 | 10,82,78,080 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 84700 | 2,96,380 | -2,09,480 | 8,98,30,240 |
| 85000 | 3,80,360 | -2,06,620 | 4,15,09,140 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 84500 | 7,57,140 | -19,160 | 14,21,89,040 |
| 84000 | 14,27,040 | 1,41,020 | 14,08,47,460 |
NIFTY Weekly Expiry (16/12/2025)
The NIFTY index closed at 25758. The NIFTY weekly expiry for DECEMBER 16, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.544 against previous 0.668. The 26000CE option holds the maximum open interest, followed by the 27000CE and 25900CE options. Market participants have shown increased interest with significant open interest additions in the 26000CE option, with open interest additions also seen in the 25900CE and 26100CE options. On the other hand, open interest reductions were prominent in the 25400PE, 26100PE, and 26200PE options. Trading volume was highest in the 25800PE option, followed by the 25900CE and 26000CE options, indicating active trading in these strikes.
| NIFTY | Weekly | Expiry: | 16-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 25,758.00 | 0.544 | 0.668 | 0.992 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 16,77,33,450 | 10,07,14,350 | 6,70,19,100 |
| PUT: | 9,13,08,450 | 6,72,39,975 | 2,40,68,475 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 1,31,60,100 | 53,34,975 | 33,37,059 |
| 27,000 | 1,16,10,525 | 31,15,725 | 7,51,198 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 1,31,60,100 | 53,34,975 | 33,37,059 |
| 25,900 | 90,88,650 | 50,02,950 | 36,92,135 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 77,250 | -1,050 | 195 |
| 24,400 | 2,550 | -600 | 11 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 25,900 | 90,88,650 | 50,02,950 | 36,92,135 |
| 26,000 | 1,31,60,100 | 53,34,975 | 33,37,059 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 25,500 | 75,84,225 | 25,08,000 | 17,56,000 |
| 25,000 | 65,59,650 | 11,52,975 | 5,48,477 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 25,500 | 75,84,225 | 25,08,000 | 17,56,000 |
| 24,600 | 27,99,525 | 18,36,750 | 2,32,805 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 25,400 | 41,75,550 | -5,48,700 | 9,77,333 |
| 26,100 | 11,57,175 | -4,04,925 | 2,19,331 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 25,800 | 49,91,925 | 5,06,025 | 43,57,814 |
| 25,900 | 35,03,400 | 7,57,725 | 32,03,107 |
NIFTY Monthly Expiry (30/12/2025)
The NIFTY index closed at 25758. The NIFTY monthly expiry for DECEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.997 against previous 1.024. 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 26400CE option, with open interest additions also seen in the 25900CE and 26000CE options. On the other hand, open interest reductions were prominent in the 26500CE, 28000CE, and 26100PE options. Trading volume was highest in the 26000CE option, followed by the 26500CE and 26000PE options, indicating active trading in these strikes.
| NIFTY | Monthly | Expiry: | 30-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 25,758.00 | 0.997 | 1.024 | 0.817 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 6,07,70,600 | 5,96,69,600 | 11,01,000 |
| PUT: | 6,06,12,150 | 6,10,76,700 | -4,64,550 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 85,54,900 | 3,47,275 | 1,39,901 |
| 27,000 | 73,00,750 | -81,750 | 53,886 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 26,400 | 28,14,900 | 5,58,225 | 56,702 |
| 25,900 | 15,97,875 | 4,02,375 | 54,323 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 26,500 | 48,52,350 | -8,14,875 | 1,04,653 |
| 28,000 | 33,07,375 | -2,24,200 | 12,123 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 85,54,900 | 3,47,275 | 1,39,901 |
| 26,500 | 48,52,350 | -8,14,875 | 1,04,653 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 72,06,000 | -44,000 | 86,359 |
| 25,000 | 51,10,375 | 15,525 | 44,606 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 25,800 | 20,62,575 | 1,88,925 | 76,072 |
| 25,400 | 11,79,900 | 1,35,675 | 19,483 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 26,100 | 16,18,800 | -1,96,875 | 18,297 |
| 25,300 | 11,94,300 | -1,81,575 | 24,367 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 26,000 | 72,06,000 | -44,000 | 86,359 |
| 25,500 | 44,50,350 | -2,925 | 86,189 |
BANKNIFTY Monthly Expiry (30/12/2025)
The BANKNIFTY index closed at 58960.4. The BANKNIFTY monthly expiry for DECEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.812 against previous 0.893. The 60000CE option holds the maximum open interest, followed by the 59500PE and 59500CE options. Market participants have shown increased interest with significant open interest additions in the 59500CE option, with open interest additions also seen in the 60000CE and 59200CE options. On the other hand, open interest reductions were prominent in the 59500PE, 59200PE, and 58900PE options. Trading volume was highest in the 59000PE option, followed by the 59500CE and 60000CE options, indicating active trading in these strikes.
| BANKNIFTY | Monthly | Expiry: | 30-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 58,960.40 | 0.812 | 0.893 | 0.961 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,62,44,295 | 1,52,54,775 | 9,89,520 |
| PUT: | 1,31,97,160 | 1,36,18,870 | -4,21,710 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 60,000 | 16,21,515 | 1,14,240 | 1,11,150 |
| 59,500 | 14,74,655 | 1,97,085 | 1,37,452 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 59,500 | 14,74,655 | 1,97,085 | 1,37,452 |
| 60,000 | 16,21,515 | 1,14,240 | 1,11,150 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 61,500 | 4,91,610 | -31,990 | 30,059 |
| 60,700 | 1,09,200 | -16,765 | 12,652 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 59,500 | 14,74,655 | 1,97,085 | 1,37,452 |
| 60,000 | 16,21,515 | 1,14,240 | 1,11,150 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 59,500 | 15,46,650 | -1,01,255 | 1,06,037 |
| 59,000 | 12,53,105 | -29,820 | 1,94,767 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 57,500 | 6,13,445 | 36,540 | 29,938 |
| 56,200 | 58,625 | 36,085 | 4,220 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 59,500 | 15,46,650 | -1,01,255 | 1,06,037 |
| 59,200 | 1,87,985 | -59,955 | 81,259 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 59,000 | 12,53,105 | -29,820 | 1,94,767 |
| 59,500 | 15,46,650 | -1,01,255 | 1,06,037 |
FINNIFTY Monthly Expiry (30/12/2025)
The FINNIFTY index closed at 27404.3. The FINNIFTY monthly expiry for DECEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.729 against previous 0.775. The 28200CE option holds the maximum open interest, followed by the 27800PE and 28000CE options. Market participants have shown increased interest with significant open interest additions in the 27500CE option, with open interest additions also seen in the 27500PE and 27300PE options. On the other hand, open interest reductions were prominent in the 27800PE, 29050CE, and 26200PE options. Trading volume was highest in the 27500PE option, followed by the 27000PE and 27500CE options, indicating active trading in these strikes.
| FINNIFTY | Monthly | Expiry: | 30-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 27,404.30 | 0.729 | 0.775 | 1.084 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 6,57,800 | 5,87,730 | 70,070 |
| PUT: | 4,79,310 | 4,55,325 | 23,985 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 28,200 | 1,11,930 | 3,900 | 521 |
| 28,000 | 71,305 | 7,150 | 1,006 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 27,500 | 59,540 | 23,270 | 1,586 |
| 27,800 | 45,045 | 8,840 | 896 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 29,050 | 28,275 | -6,370 | 174 |
| 28,250 | 11,310 | -5,265 | 196 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 27,500 | 59,540 | 23,270 | 1,586 |
| 27,600 | 20,085 | 7,215 | 1,383 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 27,800 | 76,960 | -11,245 | 297 |
| 27,500 | 67,600 | 14,820 | 2,558 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 27,500 | 67,600 | 14,820 | 2,558 |
| 27,300 | 17,745 | 9,230 | 722 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 27,800 | 76,960 | -11,245 | 297 |
| 26,200 | 12,805 | -6,045 | 167 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 27,500 | 67,600 | 14,820 | 2,558 |
| 27,000 | 23,140 | 4,940 | 1,990 |
MIDCPNIFTY Monthly Expiry (30/12/2025)
MIDCPNIFTY Monthly Expiry (30/12/2025)
The MIDCPNIFTY index closed at 13534.35. The MIDCPNIFTY monthly expiry for DECEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.728 against previous 0.792. The 14000CE option holds the maximum open interest, followed by the 14500CE and 13000PE options. Market participants have shown increased interest with significant open interest additions in the 13000PE option, with open interest additions also seen in the 14000CE and 14200CE options. On the other hand, open interest reductions were prominent in the 69000PE, 66900PE, and 66900CE options. Trading volume was highest in the 13800CE option, followed by the 14000CE and 14200CE options, indicating active trading in these strikes.
| MIDCPNIFTY | Monthly | Expiry: | 30-12-2025 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 13,534.35 | 0.728 | 0.792 | 0.638 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,09,11,880 | 88,01,240 | 21,10,640 |
| PUT: | 79,44,580 | 69,73,540 | 9,71,040 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 14,18,060 | 2,74,680 | 21,241 |
| 14,500 | 9,89,940 | 24,920 | 10,419 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 14,000 | 14,18,060 | 2,74,680 | 21,241 |
| 14,200 | 7,60,620 | 2,58,300 | 17,206 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 14,800 | 3,35,860 | -65,100 | 3,247 |
| 14,700 | 2,86,300 | -46,340 | 3,148 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 13,800 | 5,44,600 | 2,15,460 | 24,068 |
| 14,000 | 14,18,060 | 2,74,680 | 21,241 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 13,000 | 9,37,440 | 2,96,520 | 11,268 |
| 14,000 | 7,07,840 | -6,580 | 2,004 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 13,000 | 9,37,440 | 2,96,520 | 11,268 |
| 13,300 | 4,21,960 | 1,00,100 | 5,604 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 13,700 | 2,88,540 | -98,560 | 15,691 |
| 13,750 | 31,640 | -32,200 | 3,379 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 13,700 | 2,88,540 | -98,560 | 15,691 |
| 13,500 | 6,75,220 | 96,040 | 12,047 |
Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us
Open Interest Volume Analysis verdict: Full bear mode, but PCR divergence screams caution: Shorts dominating every combined book on falling prices warns of more pain ahead, yet collapsing PCRs suggest potential short-squeeze setup near max pain.
Actionable alpha—ride shorts but book quick: Short rallies to 26,000 with tight trails below 25,850; premium decay favors call selling if holding above max pain, but flip to puts on PCR reversal.
Skip longs everywhere: BANKNIFTY/FINNIFTY leading downside—stay out; MIDCPNIFTY offers no refuge with fresh shorts.
Tomorrow’s make-or-break: Volume rebound + OI unwind = bounce play; persistent shorts push 25,500—scale small, expiry day volatility is brutal.
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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