NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 2/06/2026

Today’s Open Interest Volume Analysis for 02 June 2026 presents a constructive undertone for the Indian derivatives market, with NIFTY, BANKNIFTY and SENSEX futures witnessing meaningful short covering alongside fresh long rollovers into July contracts.
The most important takeaway is that despite a positive close in the benchmark indices, traders aggressively unwound bearish positions in near-month futures while simultaneously building fresh longs in far-month contracts.
This combination is typically seen when market participants expect the upmove to sustain beyond the immediate expiry cycle.
NIFTY’s combined futures open interest declined by 0.55% while prices rose 0.43%, confirming short covering, and the sharp increase in futures premium further strengthened bullish sentiment. However, the options segment is sending a more balanced message.
Weekly NIFTY data shows heavy positioning at the 23300 strike on both the call and put side, indicating a significant battle zone for the coming sessions. Monthly positioning remains supportive with PCR above 1.0 and strong put writing at lower strikes, suggesting that institutional traders continue to defend downside levels.
In BANKNIFTY, aggressive short covering and fresh July longs indicate improving sentiment, although option writers are still maintaining substantial resistance layers above current levels.
MIDCPNIFTY remains the relatively weaker pocket of the market, where mixed futures positioning and declining volume suggest selective participation rather than broad-based risk appetite.
Overall, this Open Interest Volume Analysis highlights a market transitioning from defensive positioning to cautious optimism, with rollover activity, rising premiums and fresh long additions pointing toward a bullish bias while option data continues to demand confirmation through sustained follow-through buying.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 23483.55 (0.432%)

Combined = June + July + August

Combined Fut Open Interest Change: -0.55%

Combined Fut Volume Change: 15.60%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 9% Previous 8%

NIFTY JUNE Future closed at: 23603.1 (0.601%)

June Fut Premium 119.55 (Increased by 40.15 points)

June Fut Open Interest Change: -1.40%

June Fut Volume Change: 18.04%

June Fut Open Interest Analysis: Short Covering

NIFTY JULY Future closed at: 23705.7 (0.582%)

July Fut Premium 222.15 (Increased by 36.25 points)

July Fut Open Interest Change: 7.93%

July Fut Volume Change: 16.32%

July Fut Open Interest Analysis: Fresh Long

NIFTY Weekly Expiry (09/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.952 (Increased from 0.862)

Put-Call Ratio (Volume): 0.879

Max Pain Level: 23500

Maximum CALL Open Interest: 24000

Maximum PUT Open Interest: 23300

Highest CALL Addition: 23300

Highest PUT Addition: 23300

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

Put-Call Ratio (Open Interest): 1.084 (Decreased from 1.123)

Put-Call Ratio (Volume): 0.738

Max Pain Level: 24000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24500

Highest PUT Addition: 23300

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 53714.65 (0.133%)

Combined = June + July + August

Combined Fut Open Interest Change: -2.37%

Combined Fut Volume Change: 16.68%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 7% Previous 6%

BANKNIFTY JUNE Future closed at: 54148 (0.324%)

June Fut Premium 433.35 (Increased by 103.45 points)

June Fut Open Interest Change: -3.0%

June Fut Volume Change: 18.9%

June Fut Open Interest Analysis: Short Covering

BANKNIFTY JULY Future closed at: 54443.2 (0.244%)

July Fut Premium 728.55 (Increased by 60.85 points)

July Fut Open Interest Change: 5.88%

July Fut Volume Change: -5.90%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 0.870 (Increased from 0.856)

Put-Call Ratio (Volume): 0.755

Max Pain Level: 55000

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 60000

Highest CALL Addition: 54000

Highest PUT Addition: 54000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14240.45 (-0.171%)

Combined = June + July + August

Combined Fut Open Interest Change: 1.13%

Combined Fut Volume Change: -17.99%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 3% Previous 2%

MIDCPNIFTY JUNE Future closed at: 14369.6 (0.145%)

June Fut Premium 129.15 (Increased by 45.2 points)

June Fut Open Interest Change: 0.80%

June Fut Volume Change: -18.72%

June Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY JULY Future closed at: 14403.5 (0.099%)

July Fut Premium 163.05 (Increased by 38.65 points)

July Fut Open Interest Change: 14.17%

July Fut Volume Change: -4.91%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.092 (Decreased from 1.121)

Put-Call Ratio (Volume): 0.716

Max Pain Level: 14425

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 14300

Highest PUT Addition: 14200

SENSEX Monthly Expiry (25/06/2026) Future

SENSEX Spot closed at: 74,649.84 (0.515%)

SENSEX Monthly Future closed at: 75,220.00 (0.717%)

Premium: 570.16 (Increased by 152.65 points)

Open Interest Change: 5.70%

Volume Change: -17.33%

Open Interest Analysis: Fresh Long

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

Put-Call Ratio (OI): 1.110 (Increased from 0.617)

Put-Call Ratio (Volume): 0.999

Max Pain Level: 74900

Maximum CALL OI: 76000

Maximum PUT OI: 73000

Highest CALL Addition: 76500

Highest PUT Addition: 73000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 8,362.92 Cr.

DIIs Net BUY: ₹ 9,589.32 Cr.

FII Derivatives Activity

FII Trading Stats	2.06.26	1.06.26	29.05.26
FII Cash (Provisional Data)	-8,362.92	-3,911.68	-21,105.86
Index Future Open Interest Long Ratio	8.79%	9.69%	11.98%
Index Future Volume Long Ratio	42.63%	24.90%	17.46%
Call Option Open Interest Long Ratio	36.60%	41.74%	40.17%
Call Option Volume Long Ratio	50.06%	50.09%	49.51%
Put Option Open Interest Long Ratio	72.61%	69.85%	68.86%
Put Option Volume Long Ratio	49.70%	50.17%	50.16%
Stock Future Open Interest Long Ratio	55.02%	54.32%	54.39%
Stock Future Volume Long Ratio	55.89%	49.48%	50.26%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Long Covering	Fresh Long	Fresh Short
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Long Covering	Fresh Long	Fresh Short
BankNifty Futures	Short Covering	Long Covering	Long Covering
BankNifty Options	Fresh Long	Fresh Short	Fresh Long
FinNifty Futures	Fresh Short	Fresh Short	Long Covering
FinNifty Options	Fresh Long	Fresh Long	Fresh Long
MidcpNifty Futures	Long Covering	Long Covering	Short Covering
MidcpNifty Options	Fresh Short	Fresh Short	Fresh Long
NiftyNxt50 Futures	Fresh Short	Short Covering	Long Covering
NiftyNxt50 Options	Fresh Long	Short Covering	Fresh Short
Stock Futures	Short Covering	Long Covering	Long Covering
Stock Options	Fresh Long	Fresh Short	Fresh Short

NSE & BSE Option market Trends : Options Insights

SENSEX weekly Expiry (4/06/2026)

The SENSEX index closed at 74649.84. The SENSEX weekly expiry for JUNE 4, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.110 against previous 0.617. The 73000PE option holds the maximum open interest, followed by the 76000CE and 72000PE options. Market participants have shown increased interest with significant open interest additions in the 73000PE option, with open interest additions also seen in the 72000PE and 74000PE options. On the other hand, open interest reductions were prominent in the 79500CE, 80000CE, and 81000CE options. Trading volume was highest in the 74000PE option, followed by the 75000CE and 73000PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	04-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
74649.84	1.110	0.617	0.999
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,00,50,100	1,60,58,760	39,91,340
PUT:	2,22,63,480	99,10,940	1,23,52,540
Top CALL Open Interest:
Strike	OI	OI Change	Volume
76000	18,08,160	3,51,040	2,10,99,380
77000	13,60,340	3,65,280	1,13,10,500
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
76500	10,47,340	4,69,320	98,46,200
78000	10,18,460	4,01,760	63,45,640
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
79500	2,18,860	-1,24,120	15,36,980
80000	6,85,820	-95,100	27,95,980
Top CALL Volume:
Strike	OI	OI Change	Volume
75000	8,48,760	2,500	2,50,66,560
76000	18,08,160	3,51,040	2,10,99,380
Top PUT Open Interest:
Strike	OI	OI Change	Volume
73000	18,96,240	11,11,260	2,11,95,780
72000	15,52,380	8,87,680	1,12,64,700
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
73000	18,96,240	11,11,260	2,11,95,780
72000	15,52,380	8,87,680	1,12,64,700
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
75100	45,100	-31,920	13,22,880
76000	5,03,640	-30,180	2,89,080
Top PUT Volume:
Strike	OI	OI Change	Volume
74000	13,39,020	8,36,400	3,39,17,360
73000	18,96,240	11,11,260	2,11,95,780

NIFTY Weekly Expiry (2/06/2026)

The NIFTY index closed at 23483.55. The NIFTY weekly expiry for JUNE 09, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.952 against previous 0.862. The 24000CE option holds the maximum open interest, followed by the 23300PE and 22000PE options. Market participants have shown increased interest with significant open interest additions in the 23300PE option, with open interest additions also seen in the 23300CE and 21100PE options. On the other hand, open interest reductions were prominent in the 23900PE, 24900CE, and 24850CE options. Trading volume was highest in the 23500CE option, followed by the 23300PE and 24000CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	09-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,483.55	0.952	0.862	0.879
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	7,23,95,505	4,59,53,440	2,64,42,065
PUT:	6,89,45,240	3,96,16,915	2,93,28,325
Top CALL Open Interest:
Strike	OI	OI Change	Volume
24,000	56,53,765	12,87,520	4,64,564
23,500	43,37,125	21,81,595	5,71,703
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
23,300	31,43,205	28,77,355	3,61,974
23,500	43,37,125	21,81,595	5,71,703
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,900	4,68,975	-1,16,675	37,733
24,850	1,20,510	-58,500	14,504
Top CALL Volume:
Strike	OI	OI Change	Volume
23,500	43,37,125	21,81,595	5,71,703
24,000	56,53,765	12,87,520	4,64,564
Top PUT Open Interest:
Strike	OI	OI Change	Volume
23,300	50,11,045	33,44,055	5,63,156
22,000	44,36,250	8,84,715	1,39,797
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,300	50,11,045	33,44,055	5,63,156
21,100	44,04,790	22,14,485	76,563
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,900	5,64,460	-1,72,120	17,191
23,950	1,16,220	-7,995	1,505
Top PUT Volume:
Strike	OI	OI Change	Volume
23,300	50,11,045	33,44,055	5,63,156
23,500	40,76,215	19,22,635	4,45,300

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 23483.55. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.084 against previous 1.123. 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 24500CE option, with open interest additions also seen in the 24000CE and 23300CE options. On the other hand, open interest reductions were prominent in the 24000PE, 24900CE, and 21000PE options. Trading volume was highest in the 24000CE option, followed by the 23500CE and 24500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,483.55	1.084	1.123	0.738
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	5,97,27,855	5,73,93,980	23,33,875
PUT:	6,47,56,300	6,44,30,630	3,25,670
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	79,45,100	7,700	68,139
24,000	77,31,785	5,07,995	1,12,234
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,500	50,55,960	6,99,920	88,457
24,000	77,31,785	5,07,995	1,12,234
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,900	4,22,890	-1,12,385	11,446
26,000	54,52,900	-79,460	21,797
Top CALL Volume:
Strike	OI	OI Change	Volume
24,000	77,31,785	5,07,995	1,12,234
23,500	24,91,190	2,47,130	90,959
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	57,06,945	-1,76,470	22,298
25,000	49,19,100	17,420	3,318
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,300	7,00,700	2,56,815	34,797
23,200	8,60,665	1,37,995	16,996
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	57,06,945	-1,76,470	22,298
21,000	23,34,015	-93,580	15,822
Top PUT Volume:
Strike	OI	OI Change	Volume
23,500	37,78,645	-65,715	83,711
23,000	47,68,210	3,630	73,489

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 53714.65. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.870 against previous 0.856. 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 54000CE option, with open interest additions also seen in the 54000PE and 53500CE options. On the other hand, open interest reductions were prominent in the 60000CE, 54500PE, and 59500CE options. Trading volume was highest in the 54000CE option, followed by the 55000CE and 56000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
53,714.65	0.870	0.856	0.755
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,43,81,490	1,38,72,000	5,09,490
PUT:	1,25,10,660	1,18,77,810	6,32,850
Top CALL Open Interest:
Strike	OI	OI Change	Volume
60,000	23,13,450	-78,120	36,555
54,000	11,14,230	1,64,100	78,856
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
54,000	11,14,230	1,64,100	78,856
53,500	3,49,530	1,13,730	51,485
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
60,000	23,13,450	-78,120	36,555
59,500	2,62,650	-47,610	10,352
Top CALL Volume:
Strike	OI	OI Change	Volume
54,000	11,14,230	1,64,100	78,856
55,000	9,99,180	16,770	69,721
Top PUT Open Interest:
Strike	OI	OI Change	Volume
60,000	12,15,720	31,920	1,628
54,000	11,75,910	1,18,590	52,937
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
54,000	11,75,910	1,18,590	52,937
53,500	5,04,330	1,10,850	58,212
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
54,500	2,48,640	-54,060	9,313
55,000	6,30,720	-30,600	12,221
Top PUT Volume:
Strike	OI	OI Change	Volume
53,500	5,04,330	1,10,850	58,212
53,000	6,10,500	-3,300	55,211

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 14240.45. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.092 against previous 1.121. The 13000PE option holds the maximum open interest, followed by the 13500PE and 15000CE options. Market participants have shown increased interest with significant open interest additions in the 14300CE option, with open interest additions also seen in the 14200CE and 14500CE options. On the other hand, open interest reductions were prominent in the 75500CE, 75500CE, and 75500CE options. Trading volume was highest in the 15000CE option, followed by the 13500PE and 14500CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
14,240.45	1.092	1.121	0.716
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	45,28,920	40,43,640	4,85,280
PUT:	49,44,840	45,33,840	4,11,000
Top CALL Open Interest:
Strike	OI	OI Change	Volume
15,000	4,95,720	25,200	13,473
14,500	4,51,320	1,22,640	7,455
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,300	1,98,600	1,36,560	6,329
14,200	1,40,760	1,31,160	7,081
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
15,500	3,95,880	-56,400	5,861
15,400	26,160	-36,480	1,488
Top CALL Volume:
Strike	OI	OI Change	Volume
15,000	4,95,720	25,200	13,473
14,500	4,51,320	1,22,640	7,455
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,28,760	24,360	5,824
13,500	6,45,840	44,520	7,755
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
14,200	2,82,000	1,02,840	6,747
13,800	2,30,520	73,320	2,220
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
14,000	3,67,920	-72,240	6,122
14,700	1,01,640	-16,080	301
Top PUT Volume:
Strike	OI	OI Change	Volume
13,500	6,45,840	44,520	7,755
14,200	2,82,000	1,02,840	6,747

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

The broader conclusion from this Open Interest Volume Analysis is that derivatives traders have become noticeably more optimistic after several sessions of uncertainty, but they have not yet shifted into an aggressively bullish stance.
NIFTY’s short covering, rising futures premiums and fresh long creation in July contracts indicate that traders are preparing for higher levels, with the 23300-23500 zone emerging as a crucial support cluster and 24000 remaining the key upside hurdle.
BANKNIFTY is displaying a similar pattern, where futures data reflects improving confidence while option positioning suggests that traders are waiting for a decisive breakout before committing to larger directional bets. SENSEX futures stand out as the strongest segment of the day, with fresh long buildup accompanied by rising premiums, signalling institutional confidence in large-cap stocks.
Meanwhile, MIDCPNIFTY continues to lag, suggesting that risk appetite is still concentrated in heavyweight index names rather than the broader market. From a trading perspective, the data currently favours a “buy-on-dips” approach rather than chasing momentum at higher levels.
As long as major support zones continue to attract put writing and futures premiums remain elevated, the path of least resistance remains upward. Traders should closely monitor whether fresh long additions continue in July contracts and whether option writers shift resistance levels higher.
If that occurs, the current short-covering rally could evolve into a stronger directional uptrend in the days ahead. Therefore, the latest Open Interest Volume Analysis points toward a cautiously bullish market structure with improving sentiment, strengthening rollover trends and growing institutional participation, but one that still requires confirmation through sustained price strength and continued long buildup.

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