NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 11/06/2026

Open Interest Volume Analysis for 11 June 2026 presents a mixed-to-cautious market setup, where headline indices are masking significant divergence underneath the surface. While NIFTY witnessed long unwinding with a 1.33% decline in combined futures open interest amid a sharp 15.01% rise in volume, BANKNIFTY continued to display relative strength through fresh long additions in far-month contracts. The broader market, however, remains under pressure as MIDCPNIFTY registered aggressive fresh short creation across both June and July series, highlighting continued weakness in midcap participation.
A deeper Open Interest Volume Analysis reveals that traders are actively rolling positions into July while simultaneously reducing risk in the near-month series. NIFTY June futures saw long covering despite an increase in premium, suggesting that bulls are not completely abandoning the market but are becoming selective and cautious ahead of key resistance zones. The July contract, on the other hand, witnessed fresh short buildup, indicating expectations of limited upside in the immediate term.
The options market further confirms this indecisive sentiment. Weekly NIFTY PCR improved sharply from 0.819 to 0.919, reflecting a reduction in bearish aggression, but the highest call addition at 23600 shows that option writers continue to cap rallies. Simultaneously, the highest put addition at 22300 suggests strong support emerging in the lower band. This creates a probable trading range of 22300–23600, with 23200 Max Pain acting as the immediate equilibrium zone.
Monthly NIFTY derivatives positioning remains relatively constructive as PCR is still above 1.0 at 1.051. However, the fact that both the highest call and put additions occurred at 23200 indicates a major battle between bulls and bears at current levels. This often precedes a sharp directional move once either side gains control.
BANKNIFTY remains the strongest segment among major indices. July futures added over 9% open interest alongside price gains, a classic fresh long signal. Despite monthly PCR slipping marginally to 0.972, strong put concentration at 54000 and aggressive put writing near lower levels indicate that institutional participants continue to defend the banking space. As long as 54000 remains protected, BANKNIFTY is likely to outperform broader markets.
The biggest concern from today’s Open Interest Volume Analysis comes from MIDCPNIFTY. Fresh shorts were added across all contracts with rising open interest and falling prices, which is one of the clearest bearish derivatives signals. The decline in PCR from 1.001 to 0.969 and heavy call additions around 14000 indicate that traders are expecting rallies to face selling pressure unless a significant short-covering trigger emerges.
SENSEX derivatives also leaned bearish, with futures witnessing fresh short creation accompanied by a 71.72% surge in volume. Although option PCR remains above 1.0, the sharp drop from 1.474 to 1.250 suggests that bullish conviction is weakening and traders are becoming increasingly defensive near the 74000 resistance zone.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 23161.6 (-0.230%)

Combined = June + July + August

Combined Fut Open Interest Change: -1.33%

Combined Fut Volume Change: 15.01%

Combined Fut Open Interest Analysis: Long Covering

Rollover: 11% Previous 10%

NIFTY JUNE Future closed at: 23200 (-0.173%)

June Fut Premium 38.4 (Increased by 13.25 points)

June Fut Open Interest Change: -1.86%

June Fut Volume Change: 15.24%

June Fut Open Interest Analysis: Long Covering

NIFTY JULY Future closed at: 23295.8 (-0.210%)

July Fut Premium 134.2 (Increased by 4.25 points)

July Fut Open Interest Change: 3.64%

July Fut Volume Change: 8.97%

July Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.919 (Increased from 0.819)

Put-Call Ratio (Volume): 0.927

Max Pain Level: 23200

Maximum CALL Open Interest: 24000

Maximum PUT Open Interest: 21200

Highest CALL Addition: 23600

Highest PUT Addition: 22300

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

Put-Call Ratio (Open Interest): 1.051 (Increased from 1.044)

Put-Call Ratio (Volume): 0.716

Max Pain Level: 24000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 23000

Highest CALL Addition: 23200

Highest PUT Addition: 23200

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 55176.75 (0.139%)

Combined = June + July + August

Combined Fut Open Interest Change: 0.07%

Combined Fut Volume Change: -39.91%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 9% Previous 9%

BANKNIFTY JUNE Future closed at: 55272 (0.130%)

June Fut Premium 95.25 (Decreased by -4.85 points)

June Fut Open Interest Change: -0.7%

June Fut Volume Change: -43.5%

June Fut Open Interest Analysis: Short Covering

BANKNIFTY JULY Future closed at: 55574.6 (0.189%)

July Fut Premium 397.85 (Increased by 28.35 points)

July Fut Open Interest Change: 9.03%

July Fut Volume Change: 27.81%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 0.972 (Decreased from 0.980)

Put-Call Ratio (Volume): 0.760

Max Pain Level: 55000

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 55200

Highest PUT Addition: 52000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 13866.55 (-0.891%)

Combined = June + July + August

Combined Fut Open Interest Change: 2.63%

Combined Fut Volume Change: 15.62%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 4% Previous 3%

MIDCPNIFTY JUNE Future closed at: 13924.35 (-0.749%)

June Fut Premium 57.8 (Increased by 19.65 points)

June Fut Open Interest Change: 2.43%

June Fut Volume Change: 17.11%

June Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY JULY Future closed at: 13964.35 (-0.752%)

July Fut Premium 97.8 (Increased by 18.85 points)

July Fut Open Interest Change: 8.10%

July Fut Volume Change: -4.17%

July Fut Open Interest Analysis: Fresh Short

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

Put-Call Ratio (Open Interest): 0.969 (Decreased from 1.001)

Put-Call Ratio (Volume): 0.916

Max Pain Level: 14200

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 14000

Highest PUT Addition: 13400

SENSEX Monthly Expiry (25/06/2026) Future

SENSEX Spot closed at: 73,832.55 (-0.204%)

SENSEX Monthly Future closed at: 73,971.80 (-0.200%)

Premium: 139.25 (Increased by 2.23 points)

Open Interest Change: 1.87%

Volume Change: 71.72%

Open Interest Analysis: Fresh Short

SENSEX Weekly Expiry (18/06/2026) Option Analysis

Put-Call Ratio (OI): 1.250 (Decreased from 1.474)

Put-Call Ratio (Volume): 1.048

Max Pain Level: 74000

Maximum CALL OI: 74000

Maximum PUT OI: 71000

Highest CALL Addition: 74000

Highest PUT Addition: 73500

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,987.09 Cr.

DIIs Net BUY: ₹ 4,224.51 Cr.

FII Derivatives Activity

FII Trading Stats	11.06.26	10.06.26	9.06.26
FII Cash (Provisional Data)	-1,987.09	-2,124.98	-4,566.03
Index Future Open Interest Long Ratio	10.28%	9.69%	9.19%
Index Future Volume Long Ratio	57.48%	60.50%	51.04%
Call Option Open Interest Long Ratio	39.26%	39.49%	38.52%
Call Option Volume Long Ratio	49.81%	49.86%	50.45%
Put Option Open Interest Long Ratio	68.51%	69.96%	71.72%
Put Option Volume Long Ratio	50.07%	50.05%	49.76%
Stock Future Open Interest Long Ratio	54.83%	54.93%	55.02%
Stock Future Volume Long Ratio	48.99%	49.16%	53.63%
Index Futures	Short Covering	Short Covering	Fresh Long
Index Options	Fresh Short	Fresh Short	Short Covering
Nifty Futures	Short Covering	Short Covering	Fresh Short
Nifty Options	Fresh Short	Fresh Short	Short Covering
BankNifty Futures	Short Covering	Short Covering	Fresh Long
BankNifty Options	Fresh Short	Fresh Long	Fresh Long
FinNifty Futures	Fresh Long	Long Covering	Fresh Long
FinNifty Options	Long Covering	Fresh Long	Fresh Short
MidcpNifty Futures	Fresh Long	Long Covering	Fresh Short
MidcpNifty Options	Long Covering	Long Covering	Fresh Long
NiftyNxt50 Futures	Fresh Short	Long Covering	Fresh Long
NiftyNxt50 Options	Fresh Long	Fresh Short	Fresh Long
Stock Futures	Fresh Short	Long Covering	Fresh Long
Stock Options	Fresh Short	Fresh Long	Fresh Short

NSE & BSE Option market Trends : Options Insights

SENSEX weekly Expiry (18/06/2026)

The SENSEX index closed at 73832.55. The SENSEX weekly expiry for JUNE 18, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.250 against previous 1.474. The 71000PE option holds the maximum open interest, followed by the 72000PE and 73500PE options. Market participants have shown increased interest with significant open interest additions in the 73500PE option, with open interest additions also seen in the 74000CE and 74000PE options. On the other hand, open interest reductions were prominent in the 80100CE, 67700PE, and 72100CE options. Trading volume was highest in the 74000PE option, followed by the 74000CE and 73500PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	18-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
73832.55	1.250	1.474	1.048
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	39,62,920	14,92,160	24,70,760
PUT:	49,55,080	21,98,980	27,56,100
Top CALL Open Interest:
Strike	OI	OI Change	Volume
74000	4,02,820	3,06,640	26,75,800
77000	3,24,200	1,72,680	14,06,360
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
74000	4,02,820	3,06,640	26,75,800
73900	1,96,020	1,88,060	7,10,920
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
80100	180	-180	220
72100	200	-80	320
Top CALL Volume:
Strike	OI	OI Change	Volume
74000	4,02,820	3,06,640	26,75,800
76000	2,42,020	1,47,540	16,81,340
Top PUT Open Interest:
Strike	OI	OI Change	Volume
71000	5,24,480	2,42,120	14,52,280
72000	4,45,740	1,05,320	17,73,940
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
73500	4,40,520	3,59,400	18,88,320
74000	3,92,780	2,43,740	28,86,340
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
67700	180	-100	840
68300	120	–	40
Top PUT Volume:
Strike	OI	OI Change	Volume
74000	3,92,780	2,43,740	28,86,340
73500	4,40,520	3,59,400	18,88,320

NIFTY Weekly Expiry (16/06/2026)

The NIFTY index closed at 23161.6. The NIFTY weekly expiry for JUNE 16, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.919 against previous 0.819. The 24000CE option holds the maximum open interest, followed by the 21200PE and 22000PE options. Market participants have shown increased interest with significant open interest additions in the 22300PE option, with open interest additions also seen in the 23600CE and 23200CE options. On the other hand, open interest reductions were prominent in the 24400CE, 23900CE, and 23300PE 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:	16-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,161.60	0.919	0.819	0.927
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	12,92,58,675	11,44,60,970	1,47,97,705
PUT:	11,88,23,900	9,37,49,955	2,50,73,945
Top CALL Open Interest:
Strike	OI	OI Change	Volume
24,000	91,63,440	18,06,155	8,75,138
23,500	72,20,005	6,70,865	15,51,492
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
23,600	64,12,185	29,73,490	9,95,390
23,200	64,35,325	27,33,510	23,65,405
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,400	20,16,950	-11,56,935	2,61,864
23,900	35,88,130	-8,89,720	5,85,431
Top CALL Volume:
Strike	OI	OI Change	Volume
23,200	64,35,325	27,33,510	23,65,405
23,300	58,28,810	1,98,380	21,83,280
Top PUT Open Interest:
Strike	OI	OI Change	Volume
21,200	87,10,455	75,985	2,49,732
22,000	81,42,485	10,42,210	5,56,529
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
22,300	58,03,135	32,89,910	5,08,133
23,100	51,95,580	26,12,935	23,45,160
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,300	29,48,985	-8,89,005	14,99,766
23,400	16,93,770	-5,88,445	4,16,987
Top PUT Volume:
Strike	OI	OI Change	Volume
23,200	59,40,415	9,84,880	25,40,926
23,100	51,95,580	26,12,935	23,45,160

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 23161.6. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.051 against previous 1.044. 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 23200CE option, with open interest additions also seen in the 23200PE and 23500CE options. On the other hand, open interest reductions were prominent in the 24500CE, 25000CE, and 24000PE options. Trading volume was highest in the 23500CE option, followed by the 24000CE and 23000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,161.60	1.051	1.044	0.716
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,64,82,435	6,63,01,370	1,81,065
PUT:	6,98,42,280	6,92,49,000	5,93,280
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	81,83,290	-2,26,525	40,611
24,000	79,10,675	-1,26,175	1,12,345
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
23,200	12,54,890	4,32,250	65,575
23,500	47,47,990	2,66,435	1,19,969
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,500	44,45,155	-2,39,655	39,812
25,000	81,83,290	-2,26,525	40,611
Top CALL Volume:
Strike	OI	OI Change	Volume
23,500	47,47,990	2,66,435	1,19,969
24,000	79,10,675	-1,26,175	1,12,345
Top PUT Open Interest:
Strike	OI	OI Change	Volume
23,000	52,10,170	-12,670	74,127
24,000	47,87,710	-1,97,020	12,233
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,200	20,37,880	2,70,335	70,581
21,000	25,00,580	1,88,890	13,998
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	47,87,710	-1,97,020	12,233
21,800	6,34,790	-1,28,245	9,476
Top PUT Volume:
Strike	OI	OI Change	Volume
23,000	52,10,170	-12,670	74,127
23,200	20,37,880	2,70,335	70,581

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 55176.75. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.972 against previous 0.980. The 60000CE option holds the maximum open interest, followed by the 54000PE and 54000CE options. Market participants have shown increased interest with significant open interest additions in the 52000PE option, with open interest additions also seen in the 55200CE and 59000CE options. On the other hand, open interest reductions were prominent in the 60000PE, 55000CE, and 61000CE options. Trading volume was highest in the 60000CE option, followed by the 55000PE and 55000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,176.75	0.972	0.980	0.760
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,53,53,760	1,53,98,280	-44,520
PUT:	1,49,27,160	1,50,87,270	-1,60,110
Top CALL Open Interest:
Strike	OI	OI Change	Volume
60,000	18,84,090	6,630	1,13,276
54,000	9,88,200	-960	11,144
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
55,200	1,91,790	53,670	57,503
59,000	6,34,560	39,510	37,916
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
55,000	8,85,120	-1,02,150	1,01,043
61,000	4,09,500	-84,420	24,217
Top CALL Volume:
Strike	OI	OI Change	Volume
60,000	18,84,090	6,630	1,13,276
55,000	8,85,120	-1,02,150	1,01,043
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	13,83,510	-8,820	54,194
55,000	8,55,690	-42,960	1,07,817
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
52,000	6,38,550	57,660	34,015
50,000	8,21,070	32,790	32,049
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
60,000	8,43,870	-1,05,090	8,085
55,000	8,55,690	-42,960	1,07,817
Top PUT Volume:
Strike	OI	OI Change	Volume
55,000	8,55,690	-42,960	1,07,817
55,200	1,24,920	-15,960	58,391

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 13866.55. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.969 against previous 1.001. The 15000CE option holds the maximum open interest, followed by the 13000PE and 13500PE options. Market participants have shown increased interest with significant open interest additions in the 14000CE option, with open interest additions also seen in the 15000CE and 14800CE options. On the other hand, open interest reductions were prominent in the 74300CE, 69900CE, and 57100PE options. Trading volume was highest in the 13500PE option, followed by the 14000CE and 14000PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,866.55	0.969	1.001	0.916
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	65,96,520	60,29,040	5,67,480
PUT:	63,91,200	60,34,200	3,57,000
Top CALL Open Interest:
Strike	OI	OI Change	Volume
15,000	9,49,200	1,65,480	7,916
14,500	5,49,120	-36,240	8,068
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,000	3,73,080	1,94,520	11,571
15,000	9,49,200	1,65,480	7,916
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
15,500	3,48,600	-1,25,760	2,797
14,500	5,49,120	-36,240	8,068
Top CALL Volume:
Strike	OI	OI Change	Volume
14,000	3,73,080	1,94,520	11,571
14,500	5,49,120	-36,240	8,068
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	8,13,360	44,760	6,666
13,500	6,83,760	-50,160	12,471
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,400	2,09,640	1,36,680	4,447
13,900	2,12,400	1,11,240	8,374
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,500	6,83,760	-50,160	12,471
14,200	2,13,720	-46,800	1,372
Top PUT Volume:
Strike	OI	OI Change	Volume
13,500	6,83,760	-50,160	12,471
14,000	5,12,640	-26,040	9,783

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

The overall Open Interest Volume Analysis suggests that the market is entering a consolidation phase rather than preparing for an immediate trending move. NIFTY’s long covering, SENSEX’s fresh shorts, and MIDCPNIFTY’s aggressive bearish positioning indicate that traders are reducing risk and waiting for fresh triggers. At the same time, BANKNIFTY continues to provide stability through sustained long buildup, preventing a broader market breakdown.
Derivatives data indicates that 23200 remains the most important level for NIFTY, as it is simultaneously the weekly Max Pain level and the strike witnessing the highest activity from both bulls and bears in the monthly series. A decisive move above 23600 could trigger short covering toward higher levels, while a break below 22300 may accelerate downside momentum.
For BANKNIFTY, the structure remains relatively bullish with institutions continuing to build long exposure in July contracts. As long as 54000–55000 remains protected by put writers, dips are likely to attract buying interest rather than panic selling.
MIDCPNIFTY remains the weakest pocket of the market and traders should remain cautious in broader-market longs until the ongoing fresh short buildup starts reversing. Persistent underperformance in midcaps often acts as an early warning signal for overall market sentiment.
From a trading perspective, the data favors a stock-specific and sector-specific approach rather than aggressive index directional bets. Traders should closely monitor whether NIFTY sustains above 23200 and whether BANKNIFTY continues to attract fresh longs. The next major directional move will likely emerge from the ongoing tug-of-war between long unwinding in benchmark indices and fresh long accumulation in banking stocks.
In summary, today’s Open Interest Volume Analysis reflects a market that is cautious but not outright bearish. Banking strength is offsetting weakness in midcaps and select benchmark indices. Until a decisive breakout or breakdown occurs, traders should focus on disciplined risk management, respect option writer zones, and avoid overleveraged positions in anticipation of the next major trend.

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