NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 9/06/2026

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Open Interest Volume Analysis

The Open Interest Volume Analysis for 09 June 2026 indicates a significant improvement in market sentiment, with bulls regaining control after the recent corrective phase.
NIFTY, BANKNIFTY, MIDCPNIFTY and SENSEX futures all witnessed either short covering or fresh long build-up, suggesting that traders are becoming increasingly comfortable carrying bullish positions ahead of the June expiry series.
The sharp rise in premiums across major index futures, combined with improving Put-Call Ratios and aggressive unwinding of short positions, reflects a clear shift from defensive positioning toward risk-on sentiment.
While NIFTY futures recorded short covering with a substantial rise in premium, BANKNIFTY emerged as the strongest performer with over 2% gains driven by massive short covering across the futures segment.
The Open Interest Volume Analysis also reveals that option writers are gradually moving support levels higher, indicating growing confidence that recent lows may hold in the near term.

A deeper look at the derivatives data suggests a market that is transitioning from recovery mode to a potential continuation of the uptrend.
NIFTY’s weekly PCR surged from 0.845 to 1.063, monthly PCR moved above 1.0, and futures premiums expanded sharply despite declining open interest, a classic sign of short sellers exiting positions.
BANKNIFTY displayed even stronger characteristics, with futures open interest declining over 3% while prices rallied aggressively, confirming large-scale short covering by institutional participants.
MIDCPNIFTY stood out with nearly 10% growth in combined futures open interest alongside rising prices, signalling genuine fresh long creation rather than merely short covering.
SENSEX derivatives echoed the same trend with increasing futures premium and improving option sentiment. Overall, the Open Interest Volume Analysis points toward strengthening bullish undertones, although traders should continue monitoring key resistance zones where fresh call writing remains visible.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 23242.1 (0.515%)

Combined = June + July + August

Combined Fut Open Interest Change: -0.54%

Combined Fut Volume Change: -21.78%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 10% Previous 10%

NIFTY JUNE Future closed at: 23331.1 (0.675%)

June Fut Premium 89 (Increased by 37.4 points)

June Fut Open Interest Change: -0.84%

June Fut Volume Change: -21.86%

June Fut Open Interest Analysis: Short Covering

NIFTY JULY Future closed at: 23425.2 (0.657%)

July Fut Premium 183.1 (Increased by 33.7 points)

July Fut Open Interest Change: 2.39%

July Fut Volume Change: -19.20%

July Fut Open Interest Analysis: Fresh Long

NIFTY Weekly Expiry (16/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.063 (Increased from 0.845)

Put-Call Ratio (Volume): 0.930

Max Pain Level: 23300

Maximum CALL Open Interest: 24000

Maximum PUT Open Interest: 21200

Highest CALL Addition: 24500

Highest PUT Addition: 21200

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

Put-Call Ratio (Open Interest): 1.041 (Increased from 1.025)

Put-Call Ratio (Volume): 0.773

Max Pain Level: 24000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 23300

Highest PUT Addition: 22000

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 55194.5 (2.092%)

Combined = June + July + August

Combined Fut Open Interest Change: -3.18%

Combined Fut Volume Change: 60.36%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 9% Previous 8%

BANKNIFTY JUNE Future closed at: 55375.6 (2.090%)

June Fut Premium 181.1 (Increased by 2.85 points)

June Fut Open Interest Change: -3.8%

June Fut Volume Change: 59.4%

June Fut Open Interest Analysis: Short Covering

BANKNIFTY JULY Future closed at: 55661.6 (2.028%)

July Fut Premium 467.1 (Decreased by -24.35 points)

July Fut Open Interest Change: -0.49%

July Fut Volume Change: 56.11%

July Fut Open Interest Analysis: Short Covering

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

Put-Call Ratio (Open Interest): 1.001 (Increased from 0.910)

Put-Call Ratio (Volume): 0.873

Max Pain Level: 55000

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 55200

Highest PUT Addition: 55000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14180.8 (1.329%)

Combined = June + July + August

Combined Fut Open Interest Change: 9.99%

Combined Fut Volume Change: 9.66%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 3% Previous 4%

MIDCPNIFTY JUNE Future closed at: 14284 (1.716%)

June Fut Premium 103.2 (Increased by 54.95 points)

June Fut Open Interest Change: 10.38%

June Fut Volume Change: 18.28%

June Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY JULY Future closed at: 14321.9 (1.583%)

July Fut Premium 141.1 (Increased by 37.15 points)

July Fut Open Interest Change: -2.03%

July Fut Volume Change: -66.83%

July Fut Open Interest Analysis: Short Covering

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

Put-Call Ratio (Open Interest): 0.990 (Decreased from 1.015)

Put-Call Ratio (Volume): 0.936

Max Pain Level: 14300

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 13500

Highest CALL Addition: 14300

Highest PUT Addition: 14300

SENSEX Monthly Expiry (25/06/2026) Future

SENSEX Spot closed at: 73,918.76 (0.537%)

SENSEX Monthly Future closed at: 74,263.70 (0.718%)

Premium: 344.94 (Increased by 134.8 points)

Open Interest Change: -0.73%

Volume Change: 2.18%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (OI): 1.128 (Increased from 0.781)

Put-Call Ratio (Volume): 1.106

Max Pain Level: 74000

Maximum CALL OI: 74000

Maximum PUT OI: 71000

Highest CALL Addition: 74000

Highest PUT Addition: 71000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 4,566.03 Cr.

DIIs Net BUY: ₹ 6,159.48 Cr.

FII Derivatives Activity

FII Trading Stats9.06.268.06.265.06.26
FII Cash (Provisional Data)-4,566.03-5,555.67-8,776.25
    
Index Future Open Interest Long Ratio9.19%7.58%8.12%
Index Future Volume Long Ratio51.04%32.67%46.35%
Call Option Open Interest Long Ratio38.52%41.03%40.53%
Call Option Volume Long Ratio50.45%49.89%49.99%
Put Option Open Interest Long Ratio71.72%68.93%68.60%
Put Option Volume Long Ratio49.76%50.11%50.07%
Stock Future Open Interest Long Ratio55.02%54.77%54.79%
Stock Future Volume Long Ratio53.63%49.87%51.15%
    
Index FuturesFresh LongFresh ShortLong Covering
Index OptionsShort CoveringFresh LongFresh Long
    
Nifty FuturesFresh ShortFresh ShortFresh Short
Nifty OptionsShort CoveringFresh ShortFresh Long
    
BankNifty FuturesFresh LongLong CoveringShort Covering
BankNifty OptionsFresh LongFresh LongShort Covering
    
FinNifty FuturesFresh LongLong CoveringShort Covering
FinNifty OptionsFresh ShortFresh ShortShort Covering
    
MidcpNifty FuturesFresh ShortFresh ShortShort Covering
MidcpNifty OptionsFresh LongFresh ShortFresh Short
    
NiftyNxt50 FuturesFresh LongShort CoveringFresh Short
NiftyNxt50 OptionsFresh LongFresh ShortFresh Short
    
Stock FuturesFresh LongShort CoveringShort Covering
Stock OptionsFresh ShortFresh ShortFresh Short

SENSEX weekly Expiry (11/06/2026)

The SENSEX index closed at 73918.76. The SENSEX weekly expiry for JUNE 11, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.128 against previous 0.781. The 71000PE option holds the maximum open interest, followed by the 72000PE and 74000CE options. Market participants have shown increased interest with significant open interest additions in the 71000PE option, with open interest additions also seen in the 72500PE and 74000PE options. On the other hand, open interest reductions were prominent in the 73500CE, 79000CE, and 73700CE options. Trading volume was highest in the 74000CE option, followed by the 73500PE and 73800CE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:11-06-2026
Index SpotPCR OIPrev PCR OIPCR VOL
73918.761.1280.7811.106
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:  1,82,56,800    1,37,68,820           44,87,980
PUT:  2,05,98,820    1,07,59,220           98,39,600
Top CALL Open Interest:
StrikeOIOI ChangeVolume
74000      12,09,780          5,87,380        2,89,40,220
76000      11,78,920          4,91,320           76,14,660
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
74000      12,09,780          5,87,380        2,89,40,220
76000      11,78,920          4,91,320           76,14,660
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
73500        1,60,860        -2,10,440           95,92,780
79000        4,02,580        -2,05,520           30,12,240
Top CALL Volume:
StrikeOIOI ChangeVolume
74000      12,09,780          5,87,380        2,89,40,220
73800        3,28,820              40,140        1,73,39,780
Top PUT Open Interest:
StrikeOIOI ChangeVolume
71000      15,64,580          9,07,100        1,00,45,460
72000      14,46,140          7,83,020        1,35,40,840
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
71000      15,64,580          9,07,100        1,00,45,460
72500      11,29,440          8,93,700        1,17,65,340
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
68000        4,16,020        -1,58,900           25,84,400
67500        1,88,720            -54,060           12,94,940
Top PUT Volume:
StrikeOIOI ChangeVolume
73500        7,40,700          3,03,540        2,05,45,540
73800        5,34,540          4,17,300        1,70,84,800

NIFTY Weekly Expiry (9/06/2026)

The NIFTY index closed at 23242.1. The NIFTY weekly expiry for JUNE 16, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at #DIV/0! against previous #DIV/0!. The 21200PE option holds the maximum open interest, followed by the 22000PE and 24000CE options. Market participants have shown increased interest with significant open interest additions in the 21200PE option, with open interest additions also seen in the 22000PE and 23200PE options. On the other hand, open interest reductions were prominent in the 25300CE, 25400CE, and 25250CE options. Trading volume was highest in the 23200CE option, followed by the 23200PE and 23500CE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:16-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         23,242.10                1.063                  0.845               0.930
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    6,75,87,845      3,97,92,545   2,77,95,300
 PUT:    7,18,62,050      3,36,21,705   3,82,40,345
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               24,000       49,70,745         18,53,150         2,50,803
               23,500       41,80,280         18,46,650         3,94,815
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,500       41,34,195         18,56,920         1,76,808
               24,000       49,70,745         18,53,150         2,50,803
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               25,300          1,81,480          -1,03,025               6,189
               25,400             76,505              -43,940               4,741
 Top CALL Volume:
 Strike OI OI Change Volume
               23,200       35,49,520         16,61,270         5,52,093
               23,500       41,80,280         18,46,650         3,94,815
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               21,200       73,32,325         47,57,025         1,47,825
               22,000       59,58,875         29,34,620         2,45,708
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               21,200       73,32,325         47,57,025         1,47,825
               22,000       59,58,875         29,34,620         2,45,708
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               21,550             34,905              -14,235               4,014
               21,350             46,865              -12,025               3,328
 Top PUT Volume: 
 Strike OI OI Change Volume
               23,200       45,10,285         25,66,135         5,14,072
               23,000       34,99,080         18,80,190         3,15,997

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 23242.1. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at #DIV/0! against previous #DIV/0!. 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 23300CE option, with open interest additions also seen in the 22000PE and 22400PE options. On the other hand, open interest reductions were prominent in the 24000CE, 24400CE, and 26000CE 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
         23,242.10                1.041                  1.025               0.773
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    6,65,28,325      6,67,30,650       -2,02,325
 PUT:    6,92,52,845      6,84,30,840         8,22,005
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               25,000       84,71,150              -37,700             42,447
               24,000       82,33,285          -2,70,580             83,909
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               23,300       11,83,520            2,45,960             36,769
               23,200       10,00,805            1,45,535             59,169
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               24,000       82,33,285          -2,70,580             83,909
               24,400          5,90,265          -2,27,175             13,432
 Top CALL Volume:
 Strike OI OI Change Volume
               24,000       82,33,285          -2,70,580             83,909
               23,500       43,32,120            1,09,460             78,612
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       52,03,805              -60,835               9,798
               23,000       51,28,925              -53,970             63,277
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               22,000       41,97,420            2,05,205             45,315
               22,400          5,53,410            1,91,360             13,164
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               21,000       23,93,980          -1,80,440             20,833
               22,500       34,18,220              -80,990             39,321
 Top PUT Volume: 
 Strike OI OI Change Volume
               23,000       51,28,925              -53,970             63,277
               23,200       17,72,030            1,77,840             59,128

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 55194.5. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at #DIV/0! against previous #DIV/0!. 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 55000PE option, with open interest additions also seen in the 54500PE and 54000PE options. On the other hand, open interest reductions were prominent in the 60000PE, 54000CE, and 54500CE options. Trading volume was highest in the 55000CE option, followed by the 56000CE and 55000PE options, indicating active trading in these strikes.

BANKNIFTY Monthly Expiry:30-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         55,194.50                1.001                  0.910               0.873
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    1,49,70,360      1,55,43,030       -5,72,670
 PUT:    1,49,85,300      1,41,39,240         8,46,060
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               60,000       19,52,550              -78,450             54,011
               55,000       10,54,320               13,650         1,21,910
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               55,200          1,26,390               37,530             26,995
               61,000          4,67,340               32,490             20,191
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               54,000       10,22,070          -1,12,020             31,467
               54,500          5,24,520              -85,860             65,162
 Top CALL Volume:
 Strike OI OI Change Volume
               55,000       10,54,320               13,650         1,21,910
               56,000          8,71,980              -43,860             90,901
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               54,000       13,68,300            1,21,410             79,460
               60,000       10,65,810          -1,65,090               5,856
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               55,000          8,82,420            2,20,350             87,323
               54,500          5,45,460            1,43,250             80,294
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               60,000       10,65,810          -1,65,090               5,856
               51,000          4,96,380              -49,560             40,160
 Top PUT Volume: 
 Strike OI OI Change Volume
               55,000          8,82,420            2,20,350             87,323
               54,500          5,45,460            1,43,250             80,294

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 14180.8. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at #DIV/0! against previous #DIV/0!. The 13500PE option holds the maximum open interest, followed by the 15000CE and 13000PE options. Market participants have shown increased interest with significant open interest additions in the 14300CE option, with open interest additions also seen in the 14300PE and 15200CE options. On the other hand, open interest reductions were prominent in the 72000CE, 72500CE, and 72500PE options. Trading volume was highest in the 14200CE option, followed by the 14000PE and 14200PE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:30-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         14,180.80                0.990                  1.015               0.936
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       59,39,280         54,96,600         4,42,680
 PUT:       58,82,760         55,78,440         3,04,320
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               15,000          7,29,240               27,000               5,797
               14,500          5,96,160               59,040               4,587
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               14,300          3,42,360            1,08,240               6,166
               15,200          2,07,960               72,840               2,222
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               14,150             31,320              -20,880               2,246
               14,250          1,21,800              -14,880               2,224
 Top CALL Volume:
 Strike OI OI Change Volume
               14,200          2,46,720               58,680               7,299
               14,300          3,42,360            1,08,240               6,166
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               13,500          7,54,080               65,520               6,409
               13,000          6,83,040              -38,160               5,515
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               14,300          4,34,400               84,120               3,392
               14,200          3,26,880               66,840               6,608
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               13,700          1,16,160              -41,160               1,626
               13,000          6,83,040              -38,160               5,515
 Top PUT Volume: 
 Strike OI OI Change Volume
               14,000          5,41,200               66,000               6,760
               14,200          3,26,880               66,840               6,608

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

The overall Open Interest Volume Analysis paints a constructive picture for the broader market heading into the next few trading sessions.
NIFTY’s short covering, improving PCR readings and rising futures premium indicate that downside pressure has eased considerably, while BANKNIFTY’s powerful short-covering rally suggests banking stocks are once again taking leadership.
MIDCPNIFTY remains the strongest structure from a positional perspective as fresh longs continue entering the system, which is often an early sign of sustained bullish participation. SENSEX derivatives also support the bullish narrative through higher premiums and improved sentiment indicators.

From an actionable trading perspective, the derivatives setup currently favours a “buy on dips” approach rather than aggressive short selling. Option data suggests that NIFTY support is gradually shifting towards the 23200-23300 zone, while BANKNIFTY appears well supported near 55000.
However, traders should remain alert as significant call additions at higher strikes indicate that upside momentum may encounter resistance pockets before a decisive breakout occurs.
As long as PCR readings remain above 1.0, futures premiums stay elevated and fresh put writing continues at higher levels, the path of least resistance remains upward.
In summary, the latest Open Interest Volume Analysis suggests that bears are losing control, bulls are rebuilding positions, and the derivatives market is signalling a cautiously optimistic outlook for the remainder of the June series.

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