Turning Complex Derivative Data into Clear Market Insights
NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 5/06/2026
Table of Contents
Today’s Open Interest Volume Analysis presents a clear divergence across major indices, indicating that traders are becoming increasingly selective rather than taking broad-based directional bets.
While NIFTY and MIDCPNIFTY witnessed signs of long unwinding and fresh short creation, BANKNIFTY continued to attract aggressive long positions, highlighting relative strength in the banking space.
The sharp decline in NIFTY weekly PCR from 0.964 to 0.699 reflects a notable deterioration in short-term market sentiment, with traders actively building call positions at higher strikes and reducing downside protection.
At the same time, rising rollover activity in NIFTY and BANKNIFTY suggests participants are carrying positions forward into the next series despite ongoing volatility.
The latest Open Interest Volume Analysis also reveals a significant shift in derivatives positioning, with July contracts witnessing higher fresh short additions in NIFTY and MIDCPNIFTY, whereas BANKNIFTY continues to witness fresh long buildup across both June and July futures.
Overall, derivatives data indicates a market that remains range-bound in the near term, but with sector-specific leadership emerging from banking stocks while broader indices continue to face profit-booking pressure and cautious positioning ahead of key resistance zones.
NSE & BSE F&O Market Signals
NIFTY Future analysis
NIFTY Spot closed at: 23366.7 (-0.213%)
Combined = June + July + August
Combined Fut Open Interest Change: -0.50%
Combined Fut Volume Change: 18.67%
Combined Fut Open Interest Analysis: Long Covering
Rollover: 10% Previous 9%
NIFTY JUNE Future closed at: 23451.7 (-0.255%)
June Fut Premium 85 (Decreased by -10.05 points)
June Fut Open Interest Change: -1.04%
June Fut Volume Change: 17.85%
June Fut Open Interest Analysis: Long Covering
NIFTY JULY Future closed at: 23542.3 (-0.266%)
July Fut Premium 175.6 (Decreased by -12.85 points)
July Fut Open Interest Change: 3.95%
July Fut Volume Change: 29.87%
July Fut Open Interest Analysis: Fresh Short
NIFTY Weekly Expiry (09/06/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.699 (Decreased from 0.964)
Put-Call Ratio (Volume): 1.059
Max Pain Level: 23450
Maximum CALL Open Interest: 24000
Maximum PUT Open Interest: 22500
Highest CALL Addition: 24000
Highest PUT Addition: 23050
NIFTY Monthly Expiry (30/06/2026) Option Analysis
Put-Call Ratio (Open Interest): 1.033 (Increased from 1.032)
Put-Call Ratio (Volume): 0.660
Max Pain Level: 24000
Maximum CALL Open Interest: 25000
Maximum PUT Open Interest: 24000
Highest CALL Addition: 23500
Highest PUT Addition: 23500
BANKNIFTY Future Analysis
BANKNIFTY Spot closed at: 54496.25 (0.347%)
Combined = June + July + August
Combined Fut Open Interest Change: 1.27%
Combined Fut Volume Change: 125.27%
Combined Fut Open Interest Analysis: Fresh Long
Rollover: 8% Previous 7%
BANKNIFTY JUNE Future closed at: 54781.6 (0.302%)
June Fut Premium 285.35 (Decreased by -23.4 points)
June Fut Open Interest Change: 1.0%
June Fut Volume Change: 129.1%
June Fut Open Interest Analysis: Fresh Long
BANKNIFTY JULY Future closed at: 55046.6 (0.250%)
July Fut Premium 550.35 (Decreased by -51 points)
July Fut Open Interest Change: 6.76%
July Fut Volume Change: 97.92%
July Fut Open Interest Analysis: Fresh Long
BANKNIFTY Monthly Expiry (30/06/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.923 (Increased from 0.923)
Put-Call Ratio (Volume): 0.763
Max Pain Level: 55000
Maximum CALL Open Interest: 60000
Maximum PUT Open Interest: 54000
Highest CALL Addition: 59000
Highest PUT Addition: 52500
MIDCPNIFTY Future Analysis
MIDCPNIFTY Spot closed at: 14107.5 (-0.555%)
Combined = June + July + August
Combined Fut Open Interest Change: -1.88%
Combined Fut Volume Change: 80.96%
Combined Fut Open Interest Analysis: Long Covering
Rollover: 3% Previous 3%
MIDCPNIFTY JUNE Future closed at: 14211.6 (-0.486%)
June Fut Premium 104.1 (Increased by 9.4 points)
June Fut Open Interest Change: -2.21%
June Fut Volume Change: 74.76%
June Fut Open Interest Analysis: Long Covering
MIDCPNIFTY JULY Future closed at: 14251.65 (-0.492%)
July Fut Premium 144.15 (Increased by 8.3 points)
July Fut Open Interest Change: 9.15%
July Fut Volume Change: 234.38%
July Fut Open Interest Analysis: Fresh Short
MIDCPNIFTY Monthly Expiry (30/06/2026) Option Analysis
Put-Call Ratio (Open Interest): 0.988 (Increased from 0.986)
Put-Call Ratio (Volume): 1.032
Max Pain Level: 14300
Maximum CALL Open Interest: 15000
Maximum PUT Open Interest: 13000
Highest CALL Addition: 15000
Highest PUT Addition: 13000
SENSEX Monthly Expiry (25/06/2026) Future
SENSEX Spot closed at: 74,243.34 (-0.157%)
SENSEX Monthly Future closed at: 74,566.10 (-0.271%)
Premium: 322.76 (Decreased by -85.68 points)
Open Interest Change: -0.69%
Volume Change: -58.37%
Open Interest Analysis: Long Covering
SENSEX Weekly Expiry (11/06/2026) Option Analysis
Put-Call Ratio (OI): 0.844 (Decreased from 1.086)
Put-Call Ratio (Volume): 1.198
Max Pain Level: 74500
Maximum CALL OI: 74500
Maximum PUT OI: 72000
Highest CALL Addition: 74500
Highest PUT Addition: 70000
FII & DII Cash Market Activity
FIIs Net SELL: ₹ 8,776.25 Cr.
DIIs Net BUY: ₹ 9,133.57 Cr.
FII Derivatives Activity
| FII Trading Stats | 5.06.26 | 4.06.26 | 3.06.26 |
| FII Cash (Provisional Data) | -8,776.25 | -4,447.06 | -5,616.56 |
| Index Future Open Interest Long Ratio | 8.12% | 8.78% | 8.34% |
| Index Future Volume Long Ratio | 46.35% | 44.05% | 33.76% |
| Call Option Open Interest Long Ratio | 40.53% | 39.48% | 39.74% |
| Call Option Volume Long Ratio | 49.99% | 49.75% | 50.25% |
| Put Option Open Interest Long Ratio | 68.60% | 69.53% | 71.21% |
| Put Option Volume Long Ratio | 50.07% | 49.78% | 50.37% |
| Stock Future Open Interest Long Ratio | 54.79% | 54.72% | 54.74% |
| Stock Future Volume Long Ratio | 51.15% | 49.82% | 47.11% |
| Index Futures | Long Covering | Fresh Short | Fresh Short |
| Index Options | Fresh Long | Fresh Short | Fresh Long |
| Nifty Futures | Fresh Short | Fresh Short | Fresh Short |
| Nifty Options | Fresh Long | Fresh Short | Fresh Long |
| BankNifty Futures | Short Covering | Fresh Long | Fresh Long |
| BankNifty Options | Short Covering | Long Covering | Fresh Long |
| FinNifty Futures | Short Covering | Short Covering | Long Covering |
| FinNifty Options | Short Covering | Fresh Short | Fresh Long |
| MidcpNifty Futures | Short Covering | Fresh Long | Long Covering |
| MidcpNifty Options | Fresh Short | Fresh Long | Fresh Short |
| NiftyNxt50 Futures | Fresh Short | Fresh Long | Fresh Short |
| NiftyNxt50 Options | Fresh Short | Fresh Long | Fresh Long |
| Stock Futures | Short Covering | Fresh Short | Long Covering |
| Stock Options | Fresh Short | Fresh Long | Fresh Long |
NSE & BSE Option market Trends : Options Insights
SENSEX weekly Expiry (11/06/2026)
The SENSEX index closed at 74243.34. The SENSEX weekly expiry for JUNE 11, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.844 against previous 1.086. The 74500CE option holds the maximum open interest, followed by the 75000CE and 72000PE options. Market participants have shown increased interest with significant open interest additions in the 74500CE option, with open interest additions also seen in the 75500CE and 75000CE options. On the other hand, open interest reductions were prominent in the 74300PE, 76700PE, and 76900PE options. Trading volume was highest in the 74500PE option, followed by the 74000PE and 74500CE options, indicating active trading in these strikes.
| SENSEX | Weekly | Expiry: | 11-06-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 74243.34 | 0.844 | 1.086 | 1.198 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 98,65,040 | 46,45,060 | 52,19,980 |
| PUT: | 83,28,380 | 50,45,280 | 32,83,100 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 74500 | 7,76,300 | 3,81,740 | 1,61,33,140 |
| 75000 | 6,53,920 | 2,70,700 | 1,39,84,300 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 74500 | 7,76,300 | 3,81,740 | 1,61,33,140 |
| 75500 | 4,32,700 | 3,06,600 | 69,62,260 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 72500 | 1,520 | -60 | 420 |
| 84700 | 60 | – | – |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 74500 | 7,76,300 | 3,81,740 | 1,61,33,140 |
| 75000 | 6,53,920 | 2,70,700 | 1,39,84,300 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 72000 | 6,23,580 | 1,88,900 | 1,07,74,100 |
| 74000 | 5,73,880 | 1,08,120 | 1,69,77,120 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 70000 | 4,63,000 | 2,29,500 | 35,53,840 |
| 72000 | 6,23,580 | 1,88,900 | 1,07,74,100 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 74300 | 2,04,760 | -64,280 | 1,08,41,680 |
| 76700 | 560 | -300 | 1,060 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 74500 | 5,59,000 | 1,61,240 | 1,77,52,740 |
| 74000 | 5,73,880 | 1,08,120 | 1,69,77,120 |
NIFTY Weekly Expiry (9/06/2026)
The NIFTY index closed at 23366.7. The NIFTY weekly expiry for JUNE 09, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.699 against previous 0.964. The 24000CE option holds the maximum open interest, followed by the 25000CE and 22500PE options. Market participants have shown increased interest with significant open interest additions in the 24000CE option, with open interest additions also seen in the 23700CE and 23500CE options. On the other hand, open interest reductions were prominent in the 23150PE, 22000PE, and 23250PE options. Trading volume was highest in the 23500CE option, followed by the 23400PE and 23300PE options, indicating active trading in these strikes.
| NIFTY | Weekly | Expiry: | 09-06-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 23,366.70 | 0.699 | 0.964 | 1.059 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 19,05,62,840 | 13,56,13,465 | 5,49,49,375 |
| PUT: | 13,31,98,130 | 13,06,97,645 | 25,00,485 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 1,72,59,060 | 56,10,735 | 28,58,658 |
| 25,000 | 1,10,53,835 | 23,52,805 | 5,32,490 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 1,72,59,060 | 56,10,735 | 28,58,658 |
| 23,700 | 82,06,640 | 30,73,265 | 31,10,479 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 22,900 | 55,250 | -32,825 | 7,867 |
| 22,000 | 25,480 | -9,035 | 560 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 23,500 | 1,00,13,640 | 30,62,345 | 68,02,735 |
| 23,400 | 56,91,335 | 19,02,875 | 48,20,900 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 22,500 | 1,02,05,455 | 4,21,850 | 13,24,466 |
| 23,000 | 92,45,470 | 12,50,925 | 41,21,054 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 23,050 | 34,23,680 | 17,09,890 | 15,21,229 |
| 22,700 | 49,45,265 | 16,45,475 | 15,21,159 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 23,150 | 20,81,950 | -13,68,705 | 19,41,019 |
| 22,000 | 67,52,135 | -10,15,105 | 4,23,420 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 23,400 | 56,53,180 | 2,33,935 | 61,78,597 |
| 23,300 | 73,91,085 | -2,58,050 | 58,40,628 |
NIFTY Monthly Expiry (30/06/2026)
The NIFTY index closed at 23366.7. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.033 against previous 1.032. The 25000CE option holds the maximum open interest, followed by the 24000CE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 23500CE option, with open interest additions also seen in the 23500PE and 24300CE options. On the other hand, open interest reductions were prominent in the 24400CE, 25000CE, and 24000CE options. Trading volume was highest in the 24000CE option, followed by the 23500CE and 23500PE options, indicating active trading in these strikes.
| NIFTY | Monthly | Expiry: | 30-06-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 23,366.70 | 1.033 | 1.032 | 0.660 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 6,53,52,020 | 6,45,99,060 | 7,52,960 |
| PUT: | 6,75,35,220 | 6,66,56,685 | 8,78,535 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 25,000 | 88,45,235 | -2,09,615 | 69,409 |
| 24,000 | 82,06,710 | -84,435 | 1,12,422 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 23,500 | 37,92,750 | 4,04,755 | 1,04,923 |
| 24,300 | 9,95,215 | 2,18,725 | 23,826 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,400 | 6,94,785 | -2,17,750 | 16,562 |
| 25,000 | 88,45,235 | -2,09,615 | 69,409 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 82,06,710 | -84,435 | 1,12,422 |
| 23,500 | 37,92,750 | 4,04,755 | 1,04,923 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 54,21,775 | -68,360 | 13,147 |
| 25,000 | 48,82,350 | -9,230 | 1,256 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 23,500 | 43,71,315 | 3,98,190 | 82,515 |
| 23,000 | 47,96,830 | 1,90,290 | 54,687 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 24,000 | 54,21,775 | -68,360 | 13,147 |
| 23,400 | 12,86,090 | -60,905 | 38,361 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 23,500 | 43,71,315 | 3,98,190 | 82,515 |
| 23,000 | 47,96,830 | 1,90,290 | 54,687 |
BANKNIFTY Monthly Expiry (30/06/2026)
The BANKNIFTY index closed at 54496.25. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.923 against previous 0.923. The 60000CE option holds the maximum open interest, followed by the 54000PE and 60000PE options. Market participants have shown increased interest with significant open interest additions in the 59000CE option, with open interest additions also seen in the 54400CE and 52500PE options. On the other hand, open interest reductions were prominent in the 51000PE, 50000PE, and 54000CE options. Trading volume was highest in the 55000CE option, followed by the 54500CE and 54500PE options, indicating active trading in these strikes.
| BANKNIFTY | Monthly | Expiry: | 30-06-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 54,496.25 | 0.923 | 0.923 | 0.763 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 1,47,20,820 | 1,44,40,350 | 2,80,470 |
| PUT: | 1,35,89,220 | 1,33,23,720 | 2,65,500 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 60,000 | 20,32,830 | -23,580 | 55,247 |
| 54,000 | 10,71,120 | -35,070 | 52,780 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 59,000 | 5,58,150 | 81,120 | 39,277 |
| 54,400 | 1,51,650 | 77,610 | 57,593 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 54,000 | 10,71,120 | -35,070 | 52,780 |
| 54,300 | 75,000 | -34,620 | 38,913 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 55,000 | 10,04,310 | 19,620 | 1,55,316 |
| 54,500 | 5,25,270 | 20,010 | 1,46,973 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 54,000 | 12,66,390 | -14,460 | 1,03,779 |
| 60,000 | 12,15,540 | -31,320 | 1,807 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 52,500 | 3,00,000 | 62,610 | 32,469 |
| 50,500 | 2,82,450 | 61,020 | 18,827 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 51,000 | 5,11,860 | -42,330 | 39,417 |
| 50,000 | 6,20,370 | -41,160 | 43,700 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 54,500 | 3,96,840 | 29,580 | 1,17,553 |
| 54,000 | 12,66,390 | -14,460 | 1,03,779 |
MIDCPNIFTY Monthly Expiry (30/06/2026)
The MIDCPNIFTY index closed at 14107.5. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.988 against previous 0.986. 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 15000CE option, with open interest additions also seen in the 13000PE and 14250CE options. On the other hand, open interest reductions were prominent in the 70500CE, 70500CE, and 70200CE options. Trading volume was highest in the 13500PE option, followed by the 14200PE and 14250CE options, indicating active trading in these strikes.
| MIDCPNIFTY | Monthly | Expiry: | 30-06-2026 |
| Index Spot | PCR OI | Prev PCR OI | PCR VOL |
| 14,107.50 | 0.988 | 0.986 | 1.032 |
| Total Open Interest Change in all CALLs & PUTs: | |||
| Current | Prior | Net Ch | |
| CALL: | 54,30,600 | 51,33,960 | 2,96,640 |
| PUT: | 53,65,680 | 50,63,520 | 3,02,160 |
| Top CALL Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 15,000 | 6,41,160 | 89,880 | 8,873 |
| 15,500 | 5,20,200 | 12,840 | 4,309 |
| Top CALL Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 15,000 | 6,41,160 | 89,880 | 8,873 |
| 14,250 | 1,53,840 | 73,560 | 9,457 |
| Top CALL Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 14,900 | 1,67,760 | -34,200 | 2,443 |
| 14,350 | 27,960 | -20,760 | 969 |
| Top CALL Volume: | |||
| Strike | OI | OI Change | Volume |
| 14,250 | 1,53,840 | 73,560 | 9,457 |
| 15,000 | 6,41,160 | 89,880 | 8,873 |
| Top PUT Open Interest: | |||
| Strike | OI | OI Change | Volume |
| 13,000 | 6,99,000 | 89,520 | 8,532 |
| 13,500 | 6,82,320 | 64,200 | 11,584 |
| Top PUT Open Interest addition: | |||
| Strike | OI | OI Change | Volume |
| 13,000 | 6,99,000 | 89,520 | 8,532 |
| 13,500 | 6,82,320 | 64,200 | 11,584 |
| Top PUT Open Interest reduction: | |||
| Strike | OI | OI Change | Volume |
| 14,500 | 3,45,960 | -77,280 | 2,026 |
| 14,200 | 2,92,440 | -12,360 | 9,980 |
| Top PUT Volume: | |||
| Strike | OI | OI Change | Volume |
| 13,500 | 6,82,320 | 64,200 | 11,584 |
| 14,200 | 2,92,440 | -12,360 | 9,980 |
Conclusion: What the NSE & BSE Indices Futures and Options Open Interest Volume Analysis Tells Us
The combined Open Interest Volume Analysis suggests that the broader market remains in a consolidation phase with a mildly cautious undertone. NIFTY’s long covering, falling weekly PCR, declining futures premium, and fresh shorts in July contracts indicate that traders are becoming defensive near the 23,450–23,500 zone.
MIDCPNIFTY shows a similar pattern, where long liquidation in the current series and aggressive fresh shorts in the next series point toward continued weakness unless strong buying emerges.
On the other hand, BANKNIFTY remains the standout performer, supported by fresh long additions, rising rollover participation, and stable option positioning around the 54,000–55,000 region.
Option data further reinforces that 23,500 on NIFTY and 55,000 on BANKNIFTY are likely to act as important short-term equilibrium zones, while SENSEX derivatives also reflect long unwinding rather than aggressive bearish conviction.
From a trading perspective, the current Open Interest Volume Analysis favors a stock-specific and sector-focused approach rather than aggressive index-wide bullish bets.
Traders should closely monitor whether NIFTY can sustain above the 23,450–23,500 area and whether BANKNIFTY continues to attract fresh longs above 54,500, as these levels are likely to determine the next meaningful directional move in the market.
Check Previous Day’s NSE & BSE Indices F&O Analysis
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NSE Derivatives Raw Data
BSE Derivatives Raw Data
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