NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 29/05/2026

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Open Interest Volume Analysis

Friday’s market action delivered a strong bearish surprise, with NIFTY, BANKNIFTY, MIDCPNIFTY and SENSEX all witnessing sharp declines amid aggressive short build-up across the derivatives segment. The most important takeaway from today’s Open Interest Volume Analysis is the massive surge in futures open interest accompanied by exceptionally high trading volumes, clearly indicating fresh short positions being created rather than mere long unwinding.

NIFTY futures witnessed a staggering 16.93% rise in combined open interest alongside a 193.65% jump in volume, while the June contract alone added over 16% open interest, confirming that traders actively initiated bearish bets despite the sharp fall in spot prices.

What makes today’s Open Interest Volume Analysis particularly interesting is the unusual expansion in futures premiums across NIFTY, BANKNIFTY, MIDCPNIFTY and SENSEX even as the underlying indices corrected sharply. Normally, strong declines are accompanied by shrinking premiums, but the increase in premiums and rollover participation suggests that traders are shifting positions into upcoming series and expecting elevated volatility rather than an immediate trend reversal.

Option chain data further strengthened the bearish undertone as weekly NIFTY PCR (OI) collapsed from 0.857 to 0.527, showing aggressive call writing and weakening put support. Simultaneously, 24000 emerged as the most heavily defended resistance zone while 23000–23100 became the immediate support area where put writers attempted to absorb selling pressure.

Across broader markets, MIDCPNIFTY recorded one of the steepest declines among major indices, with futures data reflecting fresh shorts and limited conviction from buyers. BANKNIFTY also showed fresh short creation despite relatively lower open interest additions, indicating that banking stocks remain vulnerable to further profit booking. Overall, today’s derivatives setup reflects a market that has shifted decisively into risk-off mode, making the next few sessions crucial for determining whether this correction evolves into a deeper bearish trend or stabilizes near key option support zones.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 23547.75 (-1.503%)

Combined = June + July + August

Combined Fut Open Interest Change: 16.93%

Combined Fut Volume Change: 193.65%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 7% Previous 7%

NIFTY JUNE Future closed at: 23748.8 (-1.033%)

June Fut Premium 201.05 (Increased by 111.5 points)

June Fut Open Interest Change: 16.39%

June Fut Volume Change: 201.95%

June Fut Open Interest Analysis: Fresh Short

NIFTY JULY Future closed at: 23852.6 (-0.984%)

July Fut Premium 304.85 (Increased by 122.4 points)

July Fut Open Interest Change: 14.45%

July Fut Volume Change: 98.79%

July Fut Open Interest Analysis: Fresh Short

NIFTY Weekly Expiry (02/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.527 (Decreased from 0.857)

Put-Call Ratio (Volume): 1.224

Max Pain Level: 23800

Maximum CALL Open Interest: 24000

Maximum PUT Open Interest: 23000

Highest CALL Addition: 24000

Highest PUT Addition: 23100

NIFTY Monthly Expiry (30/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.168 (Decreased from 1.202)

Put-Call Ratio (Volume): 0.931

Max Pain Level: 24400

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24000

Highest PUT Addition: 24000

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 54239.2 (-1.121%)

Combined = June + July + August

Combined Fut Open Interest Change: 3.01%

Combined Fut Volume Change: 57.38%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 6% Previous 5%

BANKNIFTY JUNE Future closed at: 54760 (-0.810%)

June Fut Premium 520.8 (Increased by 167.65 points)

June Fut Open Interest Change: 2.5%

June Fut Volume Change: 57.0%

June Fut Open Interest Analysis: Fresh Short

BANKNIFTY JULY Future closed at: 55059.2 (-0.776%)

July Fut Premium 820 (Increased by 183.85 points)

July Fut Open Interest Change: 8.87%

July Fut Volume Change: 58.37%

July Fut Open Interest Analysis: Fresh Short

BANKNIFTY Monthly Expiry  (30/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.941 (Decreased from 0.981)

Put-Call Ratio (Volume): 0.907

Max Pain Level: 55500

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 60000

Highest CALL Addition: 55000

Highest PUT Addition: 55500

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14474.9 (-1.571%)

Combined = June + July + August

Combined Fut Open Interest Change: 0.24%

Combined Fut Volume Change: 56.63%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 2% Previous 2%

MIDCPNIFTY JUNE Future closed at: 14602.3 (-1.310%)

June Fut Premium 127.4 (Increased by 37.2 points)

June Fut Open Interest Change: 0.01%

June Fut Volume Change: 58.37%

June Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY JULY Future closed at: 14651.55 (-1.316%)

July Fut Premium 176.65 (Increased by 35.6 points)

July Fut Open Interest Change: 7.95%

July Fut Volume Change: 14.81%

July Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY Monthly Expiry (30/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.271 (Decreased from 1.339)

Put-Call Ratio (Volume): 1.141

Max Pain Level: 14600

Maximum CALL Open Interest: 16000

Maximum PUT Open Interest: 13500

Highest CALL Addition: 15800

Highest PUT Addition: 13500

SENSEX Monthly Expiry (25/06/2026) Future

SENSEX Spot closed at: 74,775.74 (-1.439%)

SENSEX Monthly Future closed at: 75,622.65 (-0.999%)

Premium: 846.91 (Increased by 329.11 points)

Open Interest Change: 35.80%

Volume Change: 55.79%

Open Interest Analysis: Fresh Short

SENSEX Weekly Expiry (4/06/2026) Option Analysis

Put-Call Ratio (OI): 0.720 (Decreased from 0.938)

Put-Call Ratio (Volume): 1.347

Max Pain Level: 75900

Maximum CALL OI: 76000

Maximum PUT OI: 73500

Highest CALL Addition: 76000

Highest PUT Addition: 73000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 21,105.86 Cr.

DIIs Net BUY: ₹ 16,764.14 Cr.

FII Derivatives Activity

FII Trading Stats29.05.2627.05.2626.05.26
FII Cash (Provisional Data)-21,105.86-1,042.70-2,407.87
    
Index Future Open Interest Long Ratio11.98%16.14%16.68%
Index Future Volume Long Ratio17.46%30.28%37.75%
Call Option Open Interest Long Ratio40.17%40.22%38.08%
Call Option Volume Long Ratio49.51%49.90%49.37%
Put Option Open Interest Long Ratio68.86%69.89%73.41%
Put Option Volume Long Ratio50.16%50.04%50.05%
Stock Future Open Interest Long Ratio54.39%54.28%54.38%
Stock Future Volume Long Ratio50.26%49.10%51.05%
    
Index FuturesFresh ShortFresh ShortLong Covering
Index OptionsFresh ShortFresh ShortLong Covering
    
Nifty FuturesFresh ShortFresh ShortLong Covering
Nifty OptionsFresh ShortFresh ShortLong Covering
    
BankNifty FuturesLong CoveringFresh ShortLong Covering
BankNifty OptionsFresh LongFresh LongLong Covering
    
FinNifty FuturesLong CoveringFresh LongLong Covering
FinNifty OptionsFresh LongFresh LongShort Covering
    
MidcpNifty FuturesShort CoveringShort CoveringShort Covering
MidcpNifty OptionsFresh LongFresh LongLong Covering
    
NiftyNxt50 FuturesLong CoveringFresh LongLong Covering
NiftyNxt50 OptionsFresh ShortFresh LongShort Covering
    
Stock FuturesLong CoveringFresh ShortShort Covering
Stock OptionsFresh ShortFresh ShortLong Covering

SENSEX weekly Expiry (4/06/2026)

The SENSEX index closed at 74775.74. The SENSEX weekly expiry for JUNE 4, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.720 against previous 0.938. The 76000CE option holds the maximum open interest, followed by the 80000CE and 73500PE options. Market participants have shown increased interest with significant open interest additions in the 76000CE option, with open interest additions also seen in the 73000PE and 73500PE options. On the other hand, open interest reductions were prominent in the 75500PE, 79900CE, and 76500PE options. Trading volume was highest in the 76000CE option, followed by the 76000PE and 75500PE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:04-06-2026
Index SpotPCR OIPrev PCR OIPCR VOL
74775.740.7200.9381.347
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:  1,09,18,180        41,37,180           67,81,000
PUT:      78,60,980        38,79,620           39,81,360
Top CALL Open Interest:
StrikeOIOI ChangeVolume
76000      10,30,120          4,59,740        1,82,06,760
80000        7,77,460          4,07,180           50,36,100
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
76000      10,30,120          4,59,740        1,82,06,760
80000        7,77,460          4,07,180           50,36,100
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
79900            15,940              -8,460              2,98,080
70000              1,980                       –                         460
Top CALL Volume:
StrikeOIOI ChangeVolume
76000      10,30,120          4,59,740        1,82,06,760
76500        4,35,120          2,63,640           87,67,080
Top PUT Open Interest:
StrikeOIOI ChangeVolume
73500        7,12,560          4,25,080           88,27,920
73000        6,76,440          4,50,160           96,51,280
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
73000        6,76,440          4,50,160           96,51,280
73500        7,12,560          4,25,080           88,27,920
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
75500        2,17,860            -41,940        1,44,55,400
76500            84,140              -5,960           15,45,400
Top PUT Volume:
StrikeOIOI ChangeVolume
76000        6,16,740              42,300        1,72,32,640
75500        2,17,860            -41,940        1,44,55,400

NIFTY Weekly Expiry (2/06/2026)

The NIFTY index closed at 23547.75. The NIFTY weekly expiry for JUNE 02, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.527 against previous 0.857. The 24000CE option holds the maximum open interest, followed by the 25000CE and 24200CE options. Market participants have shown increased interest with significant open interest additions in the 24000CE option, with open interest additions also seen in the 25000CE and 23800CE options. On the other hand, open interest reductions were prominent in the 23900PE, 24000PE, and 23850PE options. Trading volume was highest in the 23900PE option, followed by the 24000CE and 23800PE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:02-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         23,547.75                0.527                  0.857               1.224
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL: 19,63,80,795   11,32,49,565   8,31,31,230
 PUT: 10,35,53,775      9,70,53,710       65,00,065
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               24,000    1,53,70,745         67,20,415       51,07,832
               25,000    1,52,82,670         64,77,380       12,24,585
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,000    1,53,70,745         67,20,415       51,07,832
               25,000    1,52,82,670         64,77,380       12,24,585
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               24,950       16,29,810          -2,87,625         2,06,949
               25,600       10,29,145              -52,975         1,20,370
 Top CALL Volume:
 Strike OI OI Change Volume
               24,000    1,53,70,745         67,20,415       51,07,832
               23,900       92,15,960         42,12,260       45,28,512
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               23,000       87,00,055         14,33,445       13,85,989
               23,200       78,64,870         19,85,100       15,74,896
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               23,100       50,96,065         21,35,835       11,71,988
               23,200       78,64,870         19,85,100       15,74,896
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               23,900       28,47,975        -29,43,005       54,48,660
               24,000       33,54,260        -15,00,720       27,45,666
 Top PUT Volume: 
 Strike OI OI Change Volume
               23,900       28,47,975        -29,43,005       54,48,660
               23,800       36,79,000          -2,10,145       50,99,326

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 23547.75. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.168 against previous 1.202. The 25000CE option holds the maximum open interest, followed by the 24000CE and 24000PE options. Market participants have shown increased interest with significant open interest additions in the 24000CE option, with open interest additions also seen in the 24000PE and 23800CE options. On the other hand, open interest reductions were prominent in the 22000CE, 25500CE, and 25800CE options. Trading volume was highest in the 24000CE option, followed by the 24000PE and 25000CE options, indicating active trading in these strikes.

NIFTY Monthly Expiry:30-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         23,547.75                1.168                  1.202               0.931
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    5,47,05,770      4,96,00,920       51,04,850
 PUT:    6,39,09,825      5,95,98,590       43,11,235
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               25,000       82,61,520            2,39,505             88,918
               24,000       67,14,015         14,49,010         1,24,130
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,000       67,14,015         14,49,010         1,24,130
               23,800       16,47,685            6,44,670             35,965
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               22,000          7,69,340          -1,20,900               4,967
               25,500       28,18,660          -1,18,170             34,248
 Top CALL Volume:
 Strike OI OI Change Volume
               24,000       67,14,015         14,49,010         1,24,130
               25,000       82,61,520            2,39,505             88,918
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       62,27,450            8,40,170             91,547
               23,000       53,32,370            3,92,650             71,828
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,000       62,27,450            8,40,170             91,547
               23,000       53,32,370            3,92,650             71,828
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               21,800          9,81,240              -67,340               8,229
               22,400          2,99,260              -33,085               5,369
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,000       62,27,450            8,40,170             91,547
               23,500       33,65,245                  5,655             73,234

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 54239.2. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.941 against previous 0.981. The 60000CE option holds the maximum open interest, followed by the 60000PE and 54000PE options. Market participants have shown increased interest with significant open interest additions in the 55000CE option, with open interest additions also seen in the 55500PE and 55500CE options. On the other hand, open interest reductions were prominent in the 55200PE, 60000PE, and 55800PE options. Trading volume was highest in the 55000CE option, followed by the 55000PE and 56000CE options, indicating active trading in these strikes.

BANKNIFTY Monthly Expiry:30-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         54,239.20                0.941                  0.981               0.907
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    1,19,61,960      1,04,93,160       14,68,800
 PUT:    1,12,52,670      1,02,93,480         9,59,190
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               60,000       25,03,020               71,970             59,073
               55,000          8,93,370            1,65,090         1,19,634
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               55,000          8,93,370            1,65,090         1,19,634
               55,500          6,39,540            1,50,240             58,460
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               55,300             94,500              -12,960             17,868
               58,900             10,740                -7,350               3,807
 Top CALL Volume:
 Strike OI OI Change Volume
               55,000          8,93,370            1,65,090         1,19,634
               56,000          7,49,550               51,060             70,494
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               60,000       12,60,870              -31,470               1,860
               54,000       10,26,930                  2,640             55,284
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               55,500          5,12,850            1,56,300             29,238
               51,000          4,36,830               82,200             31,805
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               55,200             59,820              -34,410             28,059
               60,000       12,60,870              -31,470               1,860
 Top PUT Volume: 
 Strike OI OI Change Volume
               55,000          7,33,770               52,020         1,10,040
               54,000       10,26,930                  2,640             55,284

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 14474.9. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.271 against previous 1.339. The 13500PE option holds the maximum open interest, followed by the 13000PE and 16000CE options. Market participants have shown increased interest with significant open interest additions in the 15800CE option, with open interest additions also seen in the 13500PE and 13200PE options. On the other hand, open interest reductions were prominent in the 71500PE, 71000CE, and 71000PE options. Trading volume was highest in the 14700PE option, followed by the 14500PE and 14700CE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:30-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         14,474.90                1.271                  1.339               1.141
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       33,14,400         25,16,520         7,97,880
 PUT:       42,11,400         33,68,400         8,43,000
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               16,000          4,89,600                  3,120               3,150
               15,500          4,58,040               35,880               5,969
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               15,800          2,39,280            1,66,320               3,424
               14,500          2,79,360            1,10,760               4,019
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               15,300             78,000                -4,680               1,775
               14,000             98,280                -3,840                   111
 Top CALL Volume:
 Strike OI OI Change Volume
               14,700          2,30,040               66,720               6,853
               15,500          4,58,040               35,880               5,969
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               13,500          6,19,920            1,24,680               4,636
               13,000          5,36,640               27,600               2,288
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               13,500          6,19,920            1,24,680               4,636
               13,200          1,34,400            1,21,560               1,404
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               14,700          1,55,880              -60,600               7,721
               14,200          1,81,080              -16,920               1,578
 Top PUT Volume: 
 Strike OI OI Change Volume
               14,700          1,55,880              -60,600               7,721
               14,500          4,58,760            1,03,200               7,045

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

The combined derivatives picture remains cautious to bearish heading into the next trading session. The biggest signal from today’s Open Interest Volume Analysis is that bears were willing to add substantial positions at lower levels rather than book profits, a characteristic generally associated with continuation of downside momentum. NIFTY’s sharp increase in futures open interest, collapsing weekly PCR and aggressive call additions at 24000 suggest that sellers currently control the near-term trend unless the index can reclaim major resistance levels quickly.

From an options perspective, NIFTY’s weekly range is currently defined by strong resistance around 24000 and support around 23000–23100, while BANKNIFTY faces resistance near 55000–55500 and support around recent swing lows. MIDCPNIFTY’s derivatives data continues to indicate relative weakness compared with benchmark indices. SENSEX derivatives also reflected heavy fresh short creation with substantial open interest additions, reinforcing the broader bearish market structure.

Traders should closely monitor whether upcoming sessions witness short covering or additional short build-up. If futures open interest starts declining during any recovery, it would indicate profit-booking by bears and improve the probability of a relief rally. However, if prices continue falling alongside rising open interest, the bearish trend may extend further. Therefore, the current Open Interest Volume Analysis favors a defensive trading approach, disciplined risk management and close observation of key option-based support zones before anticipating any sustainable market rebound.

Check Previous Day’s NSE & BSE Indices F&O Analysis

FII / FPI trading activity in Capital Market Segment

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BSE Derivatives Raw Data

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