NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 14/07/2025

The Open Interest Volume Analysis for 14th July 2025 shows the market under persistent pressure, with Nifty July futures closing at 25,167.50, down 0.22%, and open interest rising by 1.8%—a sign that traders are building fresh short positions as the index drifts lower. The premium widened by over 11 points, suggesting nervousness and hedging as spot prices slip below 25,100. On the options front, the weekly Put-Call Ratio (OI) dropped further to 0.542, its lowest in weeks, as call writers aggressively built positions at 25,100 and 25,500, while put writers focused on 24,900 and 25,000. Max pain for the weekly expiry is locked at 25,150, making this the key pivot for the next few sessions. The monthly option chain also softened, with a PCR (OI) just above 1.01 and max pain at 25,250, but the highest call and put additions are both clustered around 25,100–25,500, underscoring indecision and a likely tug-of-war near current levels.

BankNifty futures managed a slight uptick, but with a 1.5% OI rise and a sharply higher premium, suggesting defensive long buildup or hedging. The monthly PCR (OI) slipped to 0.808, and the highest call addition at 59,500 points to strong resistance overhead. FINNIFTY and MIDCPNIFTY painted a mixed picture—FINNIFTY’s OI fell as the index declined, while MIDCPNIFTY bucked the trend with a 1.1% spot gain and a PCR (OI) rebound to 0.817, hinting at selective accumulation in midcaps. SENSEX futures, meanwhile, saw a steep OI drop and a lower premium, but options data showed a slight PCR (OI) uptick, reflecting some bargain hunting at lower levels.

NSE & BSE F&O Market Signals

NIFTY JUNE Future

NIFTY Spot closed at: 25,082.30 (-0.27%)

NIFTY JULY Future closed at: 25,167.50 (-0.22%)

Premium: 85.2 (Increased by 11.65 points)

Open Interest Change: 1.8%

Volume Change: -10.2%

NIFTY Weekly Expiry (17/07/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.542 (Decreased from 0.544)

Put-Call Ratio (Volume): 0.950

Max Pain Level: 25150

Maximum CALL Open Interest: 25500

Maximum PUT Open Interest: 25000

Highest CALL Addition: 25100

Highest PUT Addition: 24900

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

Put-Call Ratio (Open Interest): 1.018 (Decreased from 1.096)

Put-Call Ratio (Volume): 0.822

Max Pain Level: 25250

Maximum CALL Open Interest: 25500

Maximum PUT Open Interest: 25000

Highest CALL Addition: 25500

Highest PUT Addition: 25100

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 56,765.35 (0.02%)

BANKNIFTY JULY Future closed at: 57,002.60 (0.15%)

Premium: 237.25 (Increased by 74.35 points)

Open Interest Change: 1.5%

Volume Change: -15.7%

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

Put-Call Ratio (Open Interest): 0.808 (Decreased from 0.816)

Put-Call Ratio (Volume): 0.821

Max Pain Level: 56700

Maximum CALL Open Interest: 56000

Maximum PUT Open Interest: 56000

Highest CALL Addition: 59500

Highest PUT Addition: 53800

FINNIFTY JULY Future

FINNIFTY Spot closed at: 26,802.25 (-0.19%)

FINNIFTY JULY Future closed at: 26,911.20 (-0.13%)

Premium:  108.95 (Increased by 15.35 points)

Open Interest Change: -1.5%

Volume Change: -7.1%

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

Put-Call Ratio (Open Interest): 0.745 (Decreased from 0.841)

Put-Call Ratio (Volume): 0.818

Max Pain Level: 27000

Maximum CALL Open Interest: 28500

Maximum PUT Open Interest: 25000

Highest CALL Addition: 28050

Highest PUT Addition: 25000

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,169.00 (1.09%)

MIDCPNIFTY JULY Future closed at: 13,211.75 (1.34%)

Premium: 42.75 (Increased by 32.9 points)

Open Interest Change: -1.5%

Volume Change: 10.5%

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

Put-Call Ratio (Open Interest): 0.817 (Increased from 0.681)

Put-Call Ratio (Volume): 0.942

Max Pain Level: 13275

Maximum CALL Open Interest: 14000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 14200

Highest PUT Addition: 13100

SENSEX Weekly Expiry (15/07/2025) Future

SENSEX Spot closed at: 82,253.46 (-0.30%)

SENSEX Weekly Future closed at: 82,346.55 (-0.33%)

Premium: 93.09 (Decreased by -28.14 points)

Open Interest Change: -12.8%

Volume Change: -39.9%

SENSEX Weekly Expiry (15/07/2025) Option Analysis

Put-Call Ratio (OI): 0.577 (Increased from 0.504)

Put-Call Ratio (Volume): 0.987

Max Pain Level: 82400

Maximum CALL OI: 83500

Maximum PUT OI: 81000

Highest CALL Addition: 83500

Highest PUT Addition: 81300

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,614.32 Cr
DIIs Net BUY: ₹ 1,787.68 Cr

FII Derivatives Activity

FII Trading Stats	14.07.25	11.07.25	10.07.25
FII Cash (Provisional Data)	-1,614.32	-5,104.22	221.06
Index Future Open Interest Long Ratio	18.31%	20.22%	24.66%
Index Future Volume Long Ratio	31.76%	29.02%	36.39%
Call Option Open Interest Long Ratio	48.90%	50.63%	54.69%
Call Option Volume Long Ratio	49.65%	49.43%	49.93%
Put Option Open Interest Long Ratio	60.11%	62.13%	63.07%
Put Option Volume Long Ratio	49.63%	50.27%	50.20%
Stock Future Open Interest Long Ratio	62.87%	62.92%	63.28%
Stock Future Volume Long Ratio	50.00%	47.10%	44.35%
Index Futures	Fresh Short	Fresh Short	Long Covering
Index Options	Fresh Short	Fresh Short	Short Covering
Nifty Futures	Fresh Short	Fresh Short	Long Covering
Nifty Options	Fresh Short	Fresh Short	Short Covering
BankNifty Futures	Fresh Short	Fresh Short	Long Covering
BankNifty Options	Fresh Short	Fresh Long	Fresh Short
FinNifty Futures	Fresh Short	Short Covering	Short Covering
FinNifty Options	Fresh Short	Fresh Long	Fresh Short
MidcpNifty Futures	Fresh Short	Long Covering	Long Covering
MidcpNifty Options	Fresh Short	Long Covering	Fresh Short
NiftyNxt50 Futures	Short Covering	Long Covering	Short Covering
NiftyNxt50 Options	Short Covering	Fresh Long	Fresh Long
Stock Futures	Fresh Short	Long Covering	Long Covering
Stock Options	Short Covering	Short Covering	Short Covering

NSE & BSE Option market Trends : Options Insights

NIFTY weekly Expiry (17/07/2025)

The NIFTY index closed at 25082.3. The NIFTY weekly expiry for JULY 17, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.542 against previous 0.544. The 25500CE option holds the maximum open interest, followed by the 26000CE and 25300CE options. Market participants have shown increased interest with significant open interest additions in the 25100CE option, with open interest additions also seen in the 25800CE and 25200CE options. On the other hand, open interest reductions were prominent in the 25300PE, 25200PE, and 25150PE options. Trading volume was highest in the 25000PE option, followed by the 25100PE and 25100CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	17-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,082.30	0.542	0.544	0.950
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	18,18,96,600	15,10,42,875	3,08,53,725
PUT:	9,85,64,850	8,22,26,700	1,63,38,150
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,500	1,24,20,450	16,47,075	13,23,255
26,000	1,10,64,225	8,36,325	8,59,114
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,100	56,74,800	42,81,375	33,21,297
25,800	85,18,275	30,84,150	7,74,918
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,300	37,71,825	-7,68,225	2,90,754
26,500	92,22,525	-7,08,675	4,33,978
Top CALL Volume:
Strike	OI	OI Change	Volume
25,100	56,74,800	42,81,375	33,21,297
25,200	88,64,250	30,29,925	25,01,428
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	86,36,175	12,72,000	38,31,996
24,000	76,07,475	63,900	4,79,655
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,900	47,86,725	23,25,750	17,34,135
24,600	42,96,450	19,93,725	5,62,676
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,300	16,16,700	-9,94,275	3,10,528
25,200	31,85,850	-8,86,425	12,17,530
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	86,36,175	12,72,000	38,31,996
25,100	47,84,625	17,56,725	35,04,863

SENSEX weekly Expiry (15/07/2025)

The SENSEX index closed at 82253.46. The SENSEX weekly expiry for JULY 15, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.577 against previous 0.504. The 83500CE option holds the maximum open interest, followed by the 85000CE and 84000CE options. Market participants have shown increased interest with significant open interest additions in the 83500CE option, with open interest additions also seen in the 81300PE and 83000CE options. On the other hand, open interest reductions were prominent in the 86000CE, 82500PE, and 76000PE options. Trading volume was highest in the 82000PE option, followed by the 82500CE and 82200PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	15-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
82253.46	0.577	0.504	0.987
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,87,84,340	2,34,41,780	53,42,560
PUT:	1,66,21,960	1,18,05,929	48,16,031
Top CALL Open Interest:
Strike	OI	OI Change	Volume
83500	21,22,140	6,59,820	2,80,40,320
85000	19,95,160	-1,08,580	1,38,31,280
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
83500	21,22,140	6,59,820	2,80,40,320
83000	16,64,700	5,45,440	5,16,62,680
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
86000	12,29,580	-3,71,400	69,58,060
85700	73,520	-1,33,880	8,54,640
Top CALL Volume:
Strike	OI	OI Change	Volume
82500	9,86,060	4,03,760	6,14,04,020
83000	16,64,700	5,45,440	5,16,62,680
Top PUT Open Interest:
Strike	OI	OI Change	Volume
81000	12,70,880	4,31,840	3,00,55,040
80000	11,31,500	1,79,040	1,02,33,380
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
81300	7,50,420	6,00,540	1,78,43,240
81000	12,70,880	4,31,840	3,00,55,040
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
82500	3,83,640	-2,61,880	2,19,75,800
76000	51,360	-1,79,860	5,36,480
Top PUT Volume:
Strike	OI	OI Change	Volume
82000	10,35,860	4,26,880	8,04,87,140
82200	5,49,040	3,40,120	5,96,54,500

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25082.3. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.018 against previous 1.096. The 25000PE option holds the maximum open interest, followed by the 25500CE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 25500CE option, with open interest additions also seen in the 25100PE and 24800PE options. On the other hand, open interest reductions were prominent in the 25000PE, 25500PE, and 25400PE options. Trading volume was highest in the 25000PE option, followed by the 25500CE and 26000CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,082.30	1.018	1.096	0.822
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,40,33,100	4,18,64,625	21,68,475
PUT:	4,48,24,350	4,58,69,700	-10,45,350
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,500	53,68,875	10,36,950	94,093
26,000	46,43,850	-30,000	67,075
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	53,68,875	10,36,950	94,093
25,100	7,48,875	3,54,600	36,642
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,400	13,00,725	-1,75,875	31,048
26,900	8,87,475	-1,25,475	4,927
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	53,68,875	10,36,950	94,093
26,000	46,43,850	-30,000	67,075
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	61,54,125	-12,27,375	1,10,133
24,500	34,41,825	2,57,325	42,366
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,100	12,20,775	3,94,350	45,420
24,800	19,92,375	3,86,550	34,726
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	61,54,125	-12,27,375	1,10,133
25,500	27,87,525	-2,92,800	28,813
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	61,54,125	-12,27,375	1,10,133
25,100	12,20,775	3,94,350	45,420

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 56765.35. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.808 against previous 0.816. The 56000PE option holds the maximum open interest, followed by the 56000CE and 57000CE options. Market participants have shown increased interest with significant open interest additions in the 59500CE option, with open interest additions also seen in the 59000CE and 58000CE options. On the other hand, open interest reductions were prominent in the 55000PE, 53700PE, and 53000PE options. Trading volume was highest in the 57000CE option, followed by the 56700PE and 57000PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,765.35	0.808	0.816	0.821
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,72,86,360	1,65,72,395	7,13,965
PUT:	1,39,64,055	1,35,31,044	4,33,011
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	13,83,865	-1,505	9,551
57,000	12,83,870	28,455	1,33,943
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
59,500	7,04,235	2,42,725	44,887
59,000	10,73,695	1,14,975	48,663
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
62,500	1,32,685	-28,140	6,631
57,300	3,12,970	-18,620	19,177
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	12,83,870	28,455	1,33,943
56,700	1,65,375	31,535	85,704
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	21,75,635	29,610	65,135
57,000	11,28,995	4,655	91,662
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
53,800	82,110	51,205	4,402
56,700	2,50,495	38,990	1,00,559
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
55,000	7,81,795	-59,395	39,057
53,700	21,070	-36,750	6,012
Top PUT Volume:
Strike	OI	OI Change	Volume
56,700	2,50,495	38,990	1,00,559
57,000	11,28,995	4,655	91,662

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 26802.25. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.745 against previous 0.841. The 28500CE option holds the maximum open interest, followed by the 28000CE and 27500CE options. Market participants have shown increased interest with significant open interest additions in the 28050CE option, with open interest additions also seen in the 28500CE and 27200CE options. On the other hand, open interest reductions were prominent in the 28300CE, 25500PE, and 28400CE options. Trading volume was highest in the 26800PE option, followed by the 27000CE and 26000PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,802.25	0.745	0.841	0.818
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	10,34,475	9,19,425	1,15,050
PUT:	7,70,185	7,72,980	-2,795
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,500	1,39,100	24,440	1,904
28,000	1,04,650	9,100	1,339
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
28,050	64,285	57,525	1,273
28,500	1,39,100	24,440	1,904
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
28,300	10,075	-19,760	574
28,400	7,670	-8,385	460
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	84,825	-1,105	2,914
26,800	21,580	7,670	2,668
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	65,650	9,035	1,513
24,500	59,800	-8,125	752
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	65,650	9,035	1,513
26,750	17,940	8,775	1,615
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	44,525	-8,775	638
24,500	59,800	-8,125	752
Top PUT Volume:
Strike	OI	OI Change	Volume
26,800	31,655	-1,755	3,475
26,000	48,555	-2,210	2,719

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13169. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.817 against previous 0.681. The 14000CE option holds the maximum open interest, followed by the 13500CE and 14500CE options. Market participants have shown increased interest with significant open interest additions in the 13100PE option, with open interest additions also seen in the 13150PE and 13000PE options. On the other hand, open interest reductions were prominent in the 69000CE, 70000CE, and 68000CE options. Trading volume was highest in the 13000PE option, followed by the 13100CE and 13100PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,169.00	0.817	0.681	0.942
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	77,02,800	83,63,320	-6,60,520
PUT:	62,96,640	56,99,120	5,97,520
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	11,12,720	-6,860	7,675
13,500	9,34,780	-72,940	13,574
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,200	3,55,320	23,100	2,143
13,150	49,840	16,800	6,310
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
14,100	1,11,160	-1,10,880	2,753
12,500	33,460	-77,980	750
Top CALL Volume:
Strike	OI	OI Change	Volume
13,100	2,38,140	-5,460	17,845
13,200	2,88,960	980	15,048
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,34,440	74,900	19,834
12,500	5,50,060	27,860	8,552
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,100	2,84,620	1,25,160	15,453
13,150	1,41,820	98,840	8,921
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
11,000	1,57,640	-42,420	514
13,400	2,15,320	-39,480	732
Top PUT Volume:
Strike	OI	OI Change	Volume
13,000	7,34,440	74,900	19,834
13,100	2,84,620	1,25,160	15,453

Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us

This session’s Open Interest Volume Analysis signals a market still in consolidation, but with a clear bearish undertone. For Nifty Fut, the 25,100–25,150 zone is the immediate battleground—if this support cracks, expect swift moves toward 25,000 and possibly 24,900, while resistance remains heavy at 25,500 due to aggressive call writing. For actionable trades, neutral-to-bearish strategies like short straddles or iron condors around 25,150 may be favored, or look for quick directional plays on a break of 25,100 or 25,500. BankNifty’s 56,700–57,000 range is equally pivotal, with strong resistance at higher strikes and support at 56,000. Sectoral divergences matter: MIDCPNIFTY’s OI and PCR rebound could offer tactical opportunities for midcap bulls, while FINNIFTY’s OI drop flags caution in financials. As expiry approaches, this Open Interest Volume Analysis will be your best compass for navigating volatility and positioning for the next decisive move.

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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