NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 6/06/2026

The market witnessed a sharp risk-off session on 08/06/2026, and the latest Open Interest Volume Analysis clearly indicates that bears regained control across the major indices.
NIFTY, BANKNIFTY, MIDCPNIFTY and SENSEX all closed lower, while futures data showed fresh short build-up and long unwinding dominating the derivatives segment.
The decline was accompanied by rising open interest in NIFTY, MIDCPNIFTY and SENSEX futures, confirming that traders were actively creating new bearish positions rather than merely booking profits.
At the same time, option writers aggressively added CALL positions near current market levels, reflecting expectations of resistance overhead.
The sharp fall in Put-Call Ratios, declining futures premiums and lower rollover participation collectively suggest that market participants have turned increasingly cautious in the short term.
This Open Interest Volume Analysis highlights that traders should closely monitor the 23100–23200 zone in NIFTY and the 54000 region in BANKNIFTY, as these levels are emerging as key battlegrounds ahead of the upcoming expiry sessions.

A deeper look into the derivatives data reveals that sentiment deterioration was broad-based rather than isolated.
NIFTY weekly PCR dropped sharply to 0.639 while significant CALL additions at 23200 indicate strong resistance immediately above spot prices.
Simultaneously, fresh short creation in both June and July futures confirms that downside expectations are being carried forward into future series.
BANKNIFTY displayed a combination of long liquidation in the near month and fresh shorts in the next month contract, which is generally a sign of weakening institutional confidence.
MIDCPNIFTY remained the weakest derivative structure with aggressive short additions across both futures contracts despite a marginally improving monthly PCR.
Overall, this Open Interest Volume Analysis suggests that market participants are prioritizing capital preservation over aggressive long exposure, making support zones significantly more important than resistance breakouts in the immediate term.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 23123 (-1.043%)

Combined = June + July + August

Combined Fut Open Interest Change: 0.84%

Combined Fut Volume Change: -2.11%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 10% Previous 10%

NIFTY JUNE Future closed at: 23174.6 (-1.182%)

June Fut Premium 51.6 (Decreased by -33.4 points)

June Fut Open Interest Change: 0.46%

June Fut Volume Change: -3.46%

June Fut Open Interest Analysis: Fresh Short

NIFTY JULY Future closed at: 23272.4 (-1.146%)

July Fut Premium 149.4 (Decreased by -26.2 points)

July Fut Open Interest Change: 2.96%

July Fut Volume Change: -3.88%

July Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.639 (Decreased from 0.699)

Put-Call Ratio (Volume): 0.938

Max Pain Level: 23200

Maximum CALL Open Interest: 24000

Maximum PUT Open Interest: 22500

Highest CALL Addition: 23200

Highest PUT Addition: 23100

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

Put-Call Ratio (Open Interest): 1.025 (Decreased from 1.033)

Put-Call Ratio (Volume): 0.677

Max Pain Level: 24000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 23200

Highest PUT Addition: 23200

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 54063.75 (-0.794%)

Combined = June + July + August

Combined Fut Open Interest Change: -0.73%

Combined Fut Volume Change: -52.85%

Combined Fut Open Interest Analysis: Long Covering

Rollover: 8% Previous 8%

BANKNIFTY JUNE Future closed at: 54242 (-0.985%)

June Fut Premium 178.25 (Decreased by -107.1 points)

June Fut Open Interest Change: -1.2%

June Fut Volume Change: -54.4%

June Fut Open Interest Analysis: Long Covering

BANKNIFTY JULY Future closed at: 54555.2 (-0.893%)

July Fut Premium 491.45 (Decreased by -58.9 points)

July Fut Open Interest Change: 3.14%

July Fut Volume Change: -33.01%

July Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.910 (Decreased from 0.923)

Put-Call Ratio (Volume): 0.848

Max Pain Level: 55000

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 57000

Highest PUT Addition: 50000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 13994.75 (-0.799%)

Combined = June + July + August

Combined Fut Open Interest Change: 2.45%

Combined Fut Volume Change: 12.16%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 4% Previous 3%

MIDCPNIFTY JUNE Future closed at: 14043 (-1.186%)

June Fut Premium 48.25 (Decreased by -55.85 points)

June Fut Open Interest Change: 2.07%

June Fut Volume Change: 9.32%

June Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY JULY Future closed at: 14098.7 (-1.073%)

July Fut Premium 103.95 (Decreased by -40.2 points)

July Fut Open Interest Change: 17.96%

July Fut Volume Change: 25.86%

July Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 1.015 (Increased from 0.988)

Put-Call Ratio (Volume): 1.079

Max Pain Level: 14300

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 15000

Highest PUT Addition: 14000

SENSEX Monthly Expiry (25/06/2026) Future

SENSEX Spot closed at: 73,524.26 (-0.969%)

SENSEX Monthly Future closed at: 73,734.40 (-1.115%)

Premium: 210.14 (Decreased by -112.62 points)

Open Interest Change: 0.58%

Volume Change: -35.94%

Open Interest Analysis: Fresh Short

SENSEX Weekly Expiry (11/06/2026) Option Analysis

Put-Call Ratio (OI): 0.781 (Decreased from 0.844)

Put-Call Ratio (Volume): 0.934

Max Pain Level: 73900

Maximum CALL OI: 74500

Maximum PUT OI: 72000

Highest CALL Addition: 73700

Highest PUT Addition: 71000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 5,555.67 Cr.

DIIs Net BUY: ₹ 5,165.24 Cr.

FII Derivatives Activity

FII Trading Stats	8.06.26	5.06.26	4.06.26
FII Cash (Provisional Data)	-5,555.67	-8,776.25	-4,447.06
Index Future Open Interest Long Ratio	7.58%	8.12%	8.78%
Index Future Volume Long Ratio	32.67%	46.35%	44.05%
Call Option Open Interest Long Ratio	41.03%	40.53%	39.48%
Call Option Volume Long Ratio	49.89%	49.99%	49.75%
Put Option Open Interest Long Ratio	68.93%	68.60%	69.53%
Put Option Volume Long Ratio	50.11%	50.07%	49.78%
Stock Future Open Interest Long Ratio	54.77%	54.79%	54.72%
Stock Future Volume Long Ratio	49.87%	51.15%	49.82%
Index Futures	Fresh Short	Long Covering	Fresh Short
Index Options	Fresh Long	Fresh Long	Fresh Short
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Fresh Short	Fresh Long	Fresh Short
BankNifty Futures	Long Covering	Short Covering	Fresh Long
BankNifty Options	Fresh Long	Short Covering	Long Covering
FinNifty Futures	Long Covering	Short Covering	Short Covering
FinNifty Options	Fresh Short	Short Covering	Fresh Short
MidcpNifty Futures	Fresh Short	Short Covering	Fresh Long
MidcpNifty Options	Fresh Short	Fresh Short	Fresh Long
NiftyNxt50 Futures	Short Covering	Fresh Short	Fresh Long
NiftyNxt50 Options	Fresh Short	Fresh Short	Fresh Long
Stock Futures	Short Covering	Short Covering	Fresh Short
Stock Options	Fresh Short	Fresh Short	Fresh Long

NSE & BSE Option market Trends : Options Insights

SENSEX weekly Expiry (11/06/2026)

The SENSEX index closed at 73524.26. The SENSEX weekly expiry for JUNE 11, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.781 against previous 0.844. The 74500CE option holds the maximum open interest, followed by the 75000CE and 76000CE options. Market participants have shown increased interest with significant open interest additions in the 73700CE option, with open interest additions also seen in the 73500CE and 73600CE options. On the other hand, open interest reductions were prominent in the 74000PE, 74500PE, and 81000CE options. Trading volume was highest in the 73500PE option, followed by the 74000CE and 73000PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	11-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
73524.26	0.781	0.844	0.934
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,37,68,820	98,65,040	39,03,780
PUT:	1,07,59,220	83,28,380	24,30,840
Top CALL Open Interest:
Strike	OI	OI Change	Volume
74500	8,21,460	45,160	1,00,02,580
75000	7,00,880	46,960	88,11,600
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
73700	3,59,940	3,44,340	1,00,75,240
73500	3,71,300	3,39,900	93,28,560
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
81000	76,720	-1,51,820	7,98,220
80000	3,07,560	-1,47,440	18,43,840
Top CALL Volume:
Strike	OI	OI Change	Volume
74000	6,22,400	1,72,000	1,31,84,600
73700	3,59,940	3,44,340	1,00,75,240
Top PUT Open Interest:
Strike	OI	OI Change	Volume
72000	6,63,120	39,540	80,00,940
71000	6,57,480	2,12,140	54,91,800
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
71000	6,57,480	2,12,140	54,91,800
69000	3,51,840	2,03,680	31,50,600
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
74000	3,09,160	-2,64,720	64,84,920
74500	3,78,920	-1,80,080	13,36,640
Top PUT Volume:
Strike	OI	OI Change	Volume
73500	4,37,160	1,86,180	1,69,70,080
73000	6,24,420	1,09,720	1,23,05,100

NIFTY Weekly Expiry (9/06/2026)

The NIFTY index closed at 23123. The NIFTY weekly expiry for JUNE 9, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.639 against previous 0.699. The 24000CE option holds the maximum open interest, followed by the 23500CE and 23700CE options. Market participants have shown increased interest with significant open interest additions in the 23200CE option, with open interest additions also seen in the 23300CE and 23250CE options. On the other hand, open interest reductions were prominent in the 25000CE, 23300PE, and 23400PE options. Trading volume was highest in the 23200PE option, followed by the 23200CE and 23100PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	09-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,123.00	0.639	0.699	0.938
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	20,61,33,980	19,05,62,840	1,55,71,140
PUT:	13,16,38,325	13,31,98,130	-15,59,805
Top CALL Open Interest:
Strike	OI	OI Change	Volume
24,000	1,61,66,540	-10,92,520	20,71,407
23,500	1,44,53,400	44,39,760	50,25,780
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
23,200	87,15,915	72,79,675	78,87,766
23,300	97,56,175	52,91,780	57,80,607
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	61,12,275	-49,41,560	6,60,320
24,800	27,94,025	-29,74,920	2,39,761
Top CALL Volume:
Strike	OI	OI Change	Volume
23,200	87,15,915	72,79,675	78,87,766
23,300	97,56,175	52,91,780	57,80,607
Top PUT Open Interest:
Strike	OI	OI Change	Volume
22,500	1,01,22,710	-82,745	16,75,803
23,000	99,27,320	6,81,850	69,75,850
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,100	67,59,090	29,73,555	78,56,079
22,400	50,12,540	25,72,570	7,27,809
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,300	35,05,775	-38,85,310	22,77,824
23,400	21,55,530	-34,97,650	7,72,987
Top PUT Volume:
Strike	OI	OI Change	Volume
23,200	40,14,660	-6,94,460	82,74,151
23,100	67,59,090	29,73,555	78,56,079

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 23123. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.025 against previous 1.033. 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 23200PE option, with open interest additions also seen in the 23200CE and 23600CE options. On the other hand, open interest reductions were prominent in the 23500PE, 25500CE, and 25000CE options. Trading volume was highest in the 24000CE option, followed by the 23500CE and 23000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,123.00	1.025	1.033	0.677
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,67,30,650	6,53,52,020	13,78,630
PUT:	6,84,30,840	6,75,35,220	8,95,620
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	85,08,850	-3,36,385	70,035
24,000	85,03,865	2,97,155	1,03,520
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
23,200	8,55,270	5,45,935	49,100
23,600	17,05,015	4,36,410	29,319
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	21,76,395	-5,82,335	30,047
25,000	85,08,850	-3,36,385	70,035
Top CALL Volume:
Strike	OI	OI Change	Volume
24,000	85,03,865	2,97,155	1,03,520
23,500	42,22,660	4,29,910	92,759
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	52,64,640	-1,57,135	11,993
23,000	51,82,895	3,86,065	89,020
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,200	15,94,190	6,10,220	55,859
23,000	51,82,895	3,86,065	89,020
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,500	36,90,895	-6,80,420	49,540
23,400	10,12,765	-2,73,325	21,637
Top PUT Volume:
Strike	OI	OI Change	Volume
23,000	51,82,895	3,86,065	89,020
22,000	39,92,215	3,27,635	59,353

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 54063.75. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.910 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 50000PE option, with open interest additions also seen in the 52000PE and 57000CE options. On the other hand, open interest reductions were prominent in the 50500PE, 50400PE, and 54000PE options. Trading volume was highest in the 54000PE option, followed by the 54500CE and 55000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
54,063.75	0.910	0.923	0.848
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,55,43,030	1,47,20,820	8,22,210
PUT:	1,41,39,240	1,35,89,220	5,50,020
Top CALL Open Interest:
Strike	OI	OI Change	Volume
60,000	20,31,000	-1,830	27,729
54,000	11,34,090	62,970	62,131
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
57,000	8,73,150	90,780	52,332
54,500	6,10,380	85,110	82,957
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
55,500	6,87,840	-18,030	31,425
64,000	1,68,180	-13,170	9,362
Top CALL Volume:
Strike	OI	OI Change	Volume
54,500	6,10,380	85,110	82,957
55,000	10,40,670	36,360	74,645
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	12,46,890	-19,500	96,499
60,000	12,30,900	15,360	813
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
50,000	7,12,950	92,580	36,743
52,000	5,55,540	92,070	41,529
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
50,500	2,49,840	-32,610	10,373
50,400	23,370	-26,190	2,297
Top PUT Volume:
Strike	OI	OI Change	Volume
54,000	12,46,890	-19,500	96,499
54,500	4,02,210	5,370	64,742

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 13994.75. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.015 against previous 0.988. The 13000PE option holds the maximum open interest, followed by the 15000CE and 13500PE options. Market participants have shown increased interest with significant open interest additions in the 14000PE option, with open interest additions also seen in the 12700PE and 15000CE options. On the other hand, open interest reductions were prominent in the 72500CE, 73000CE, and 54400PE options. Trading volume was highest in the 14000PE option, followed by the 15000CE and 13500PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,994.75	1.015	0.988	1.079
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	54,96,600	54,30,600	66,000
PUT:	55,78,440	53,65,680	2,12,760
Top CALL Open Interest:
Strike	OI	OI Change	Volume
15,000	7,02,240	61,080	8,734
14,500	5,37,120	29,760	4,677
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
15,000	7,02,240	61,080	8,734
14,000	1,91,880	48,600	4,887
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
15,500	4,60,080	-60,120	3,007
14,700	2,64,120	-25,440	3,435
Top CALL Volume:
Strike	OI	OI Change	Volume
15,000	7,02,240	61,080	8,734
14,100	1,44,240	22,200	6,309
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,21,200	22,200	8,109
13,500	6,88,560	6,240	8,469
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
14,000	4,75,200	99,120	10,720
12,700	1,06,320	64,680	1,229
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,800	2,44,440	-63,240	4,109
14,200	2,60,040	-32,400	3,952
Top PUT Volume:
Strike	OI	OI Change	Volume
14,000	4,75,200	99,120	10,720
13,500	6,88,560	6,240	8,469

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

The overall conclusion from today’s Open Interest Volume Analysis is that the derivatives market has shifted decisively toward a defensive and bearish stance. Fresh short build-up in NIFTY, MIDCPNIFTY and SENSEX futures, combined with long unwinding in BANKNIFTY, indicates that traders are reducing bullish exposure and preparing for additional volatility.
The fall in futures premiums across all major indices further strengthens the view that confidence in near-term upside has weakened considerably.
Weekly option positioning in NIFTY and SENSEX shows heavy CALL writing near current levels, while declining PCR readings suggest that option traders are not yet expecting a strong recovery bounce.

From a trading perspective, caution remains the preferred strategy until the market absorbs the recent selling pressure. NIFTY needs to sustain above the 23100–23200 zone to prevent further downside acceleration, while BANKNIFTY must defend the 54000 area to avoid deeper corrective moves.
Any pullback toward major CALL-writing zones should be monitored for fresh short-selling opportunities unless accompanied by strong short-covering signals. The broader derivatives structure currently favors a “sell-on-rise” approach rather than aggressive dip buying.
Therefore, traders should continue tracking daily Open Interest Volume Analysis, PCR trends, futures premium movement and option writing activity closely, as these indicators will likely determine whether the current weakness develops into a larger correction or stabilizes into a consolidation phase.

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