NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 12/06/2026

• The Open Interest Volume Analysis for 12 June 2026 reflects one of the strongest bullish derivative setups seen in recent weeks, with benchmark indices witnessing aggressive short covering, fresh long additions, and a sharp surge in trading activity across futures and options segments. NIFTY surged nearly 2%, BANKNIFTY gained close to 3%, MIDCPNIFTY rallied more than 2.7%, while SENSEX also participated in the broad-based upmove, indicating that buying was not restricted to a few heavyweight stocks but was spread across the market.
• A deeper Open Interest Volume Analysis reveals that the rally was driven by a combination of massive short covering in near-month NIFTY futures and fresh long accumulation in July contracts. The sharp increase in futures volumes along with rising rollover percentages suggests that traders are actively carrying bullish positions forward rather than booking profits. The substantial rise in weekly NIFTY PCR from 0.919 to 1.740 and strong PUT writing at 23400-23500 strikes indicate a sudden shift in sentiment from cautious to optimistic.
• BANKNIFTY displayed even stronger institutional participation, with fresh longs being added across both June and July futures contracts while volumes expanded significantly. MIDCPNIFTY also recorded aggressive fresh long creation, confirming that risk appetite has expanded beyond large-cap banking stocks into the broader market. The consistent rise in premiums across index futures further supports the view that traders are willing to pay higher prices to maintain long exposure.
• From an options perspective, market participants have aggressively built support zones below current levels through fresh PUT writing, while CALL writers have shifted their defensive positions higher. This change in option positioning, combined with strong futures participation, suggests that bulls have regained near-term control. However, after such a sharp single-session rally, traders should also monitor whether follow-through buying emerges in the coming sessions or whether profit booking appears near major resistance zones around the monthly max pain levels.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 23622.9 (1.992%)

Combined = June + July + August

Combined Fut Open Interest Change: -2.20%

Combined Fut Volume Change: 73.79%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 12% Previous 11%

NIFTY JUNE Future closed at: 23686.6 (2.097%)

June Fut Premium 63.7 (Increased by 25.3 points)

June Fut Open Interest Change: -3.08%

June Fut Volume Change: 79.07%

June Fut Open Interest Analysis: Short Covering

NIFTY JULY Future closed at: 23771.9 (2.044%)

July Fut Premium 149 (Increased by 14.8 points)

July Fut Open Interest Change: 4.73%

July Fut Volume Change: 33.59%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.740 (Increased from 0.919)

Put-Call Ratio (Volume): 0.928

Max Pain Level: 23500

Maximum CALL Open Interest: 24000

Maximum PUT Open Interest: 22500

Highest CALL Addition: 24000

Highest PUT Addition: 23400

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

Put-Call Ratio (Open Interest): 1.087 (Increased from 1.051)

Put-Call Ratio (Volume): 0.875

Max Pain Level: 24000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 23000

Highest CALL Addition: 25000

Highest PUT Addition: 23500

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 56814.8 (2.969%)

Combined = June + July + August

Combined Fut Open Interest Change: 1.51%

Combined Fut Volume Change: 58.94%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 10% Previous 9%

BANKNIFTY JUNE Future closed at: 56872.4 (2.895%)

June Fut Premium 57.6 (Decreased by -37.65 points)

June Fut Open Interest Change: 0.6%

June Fut Volume Change: 48.4%

June Fut Open Interest Analysis: Fresh Long

BANKNIFTY JULY Future closed at: 57159 (2.851%)

July Fut Premium 344.2 (Decreased by -53.65 points)

July Fut Open Interest Change: 7.79%

July Fut Volume Change: 130.90%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.096 (Increased from 0.972)

Put-Call Ratio (Volume): 0.802

Max Pain Level: 55500

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 63000

Highest PUT Addition: 56000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14245.6 (2.734%)

Combined = June + July + August

Combined Fut Open Interest Change: 5.75%

Combined Fut Volume Change: 86.98%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 4% Previous 4%

MIDCPNIFTY JUNE Future closed at: 14337.4 (2.966%)

June Fut Premium 91.8 (Increased by 34 points)

June Fut Open Interest Change: 5.67%

June Fut Volume Change: 83.57%

June Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY JULY Future closed at: 14368.45 (2.894%)

July Fut Premium 122.85 (Increased by 25.05 points)

July Fut Open Interest Change: 9.10%

July Fut Volume Change: 149.28%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.048 (Increased from 0.969)

Put-Call Ratio (Volume): 0.902

Max Pain Level: 14250

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 14400

Highest PUT Addition: 14200

SENSEX Monthly Expiry (25/06/2026) Future

SENSEX Spot closed at: 75,527.95 (2.296%)

SENSEX Monthly Future closed at: 75,699.70 (2.336%)

Premium: 171.75 (Increased by 32.5 points)

Open Interest Change: 3.43%

Volume Change: 22.77%

Open Interest Analysis: Fresh Long

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

Put-Call Ratio (OI): 1.691 (Increased from 1.250)

Put-Call Ratio (Volume): 0.943

Max Pain Level: 75000

Maximum CALL OI: 78000

Maximum PUT OI: 74500

Highest CALL Addition: 82000

Highest PUT Addition: 74500

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,082.18 Cr.

DIIs Net BUY: ₹ 5,341.29 Cr.

FII Derivatives Activity

FII Trading Stats	12.06.26	11.06.26	10.06.26
FII Cash (Provisional Data)	-1,082.18	-1,987.09	-2,124.98
Index Future Open Interest Long Ratio	12.35%	10.28%	9.69%
Index Future Volume Long Ratio	66.98%	57.48%	60.50%
Call Option Open Interest Long Ratio	42.82%	39.26%	39.49%
Call Option Volume Long Ratio	50.52%	49.81%	49.86%
Put Option Open Interest Long Ratio	64.70%	68.51%	69.96%
Put Option Volume Long Ratio	50.03%	50.07%	50.05%
Stock Future Open Interest Long Ratio	55.25%	54.83%	54.93%
Stock Future Volume Long Ratio	55.01%	48.99%	49.16%
Index Futures	Short Covering	Short Covering	Short Covering
Index Options	Fresh Long	Fresh Short	Fresh Short
Nifty Futures	Short Covering	Short Covering	Short Covering
Nifty Options	Fresh Long	Fresh Short	Fresh Short
BankNifty Futures	Fresh Long	Short Covering	Short Covering
BankNifty Options	Fresh Long	Fresh Short	Fresh Long
FinNifty Futures	Fresh Long	Fresh Long	Long Covering
FinNifty Options	Fresh Short	Long Covering	Fresh Long
MidcpNifty Futures	Fresh Short	Fresh Long	Long Covering
MidcpNifty Options	Fresh Long	Long Covering	Long Covering
NiftyNxt50 Futures	Fresh Short	Fresh Short	Long Covering
NiftyNxt50 Options	Fresh Long	Fresh Long	Fresh Short
Stock Futures	Fresh Long	Fresh Short	Long Covering
Stock Options	Fresh Long	Fresh Short	Fresh Long

NSE & BSE Option market Trends : Options Insights

SENSEX weekly Expiry (18/06/2026)

The SENSEX index closed at 75527.95. The SENSEX weekly expiry for JUNE 18, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.691 against previous 1.250. The 74500PE option holds the maximum open interest, followed by the 72000PE and 71000PE options. Market participants have shown increased interest with significant open interest additions in the 74500PE option, with open interest additions also seen in the 75000PE and 74800PE options. On the other hand, open interest reductions were prominent in the 74000CE, 73900CE, and 73800CE options. Trading volume was highest in the 74500PE option, followed by the 75000CE and 74000PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	18-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
75527.95	1.691	1.250	0.943
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	73,82,080	39,62,920	34,19,160
PUT:	1,24,82,240	49,55,080	75,27,160
Top CALL Open Interest:
Strike	OI	OI Change	Volume
78000	4,03,400	2,02,920	88,45,760
74500	3,56,480	1,48,120	98,04,040
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
82000	2,47,980	2,35,840	13,53,280
80000	3,43,700	2,15,080	51,93,220
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
74000	1,89,380	-2,13,440	16,46,540
73900	53,760	-1,42,260	4,45,040
Top CALL Volume:
Strike	OI	OI Change	Volume
75000	3,18,760	1,00,160	1,44,87,480
77000	3,34,740	10,540	1,12,66,580
Top PUT Open Interest:
Strike	OI	OI Change	Volume
74500	8,47,100	6,71,080	1,74,88,860
72000	7,41,020	2,95,280	76,79,700
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
74500	8,47,100	6,71,080	1,74,88,860
75000	5,44,460	4,76,040	86,21,600
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
71300	34,680	-8,560	8,84,080
73900	1,27,340	-2,900	33,69,740
Top PUT Volume:
Strike	OI	OI Change	Volume
74500	8,47,100	6,71,080	1,74,88,860
74000	6,29,100	2,36,320	1,13,40,240

NIFTY Weekly Expiry (16/06/2026)

The NIFTY index closed at 23622.9. The NIFTY weekly expiry for JUNE 16, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.740 against previous 0.919. The 22500PE option holds the maximum open interest, followed by the 23000PE and 22000PE options. Market participants have shown increased interest with significant open interest additions in the 23400PE option, with open interest additions also seen in the 22500PE and 23500PE options. On the other hand, open interest reductions were prominent in the 23200CE, 23300CE, and 23600CE options. Trading volume was highest in the 23400PE option, followed by the 23500CE and 23400CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	16-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,622.90	1.740	0.919	0.928
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	11,44,89,895	12,92,58,675	-1,47,68,780
PUT:	19,91,58,180	11,88,23,900	8,03,34,280
Top CALL Open Interest:
Strike	OI	OI Change	Volume
24,000	1,05,01,595	13,38,155	29,50,724
24,500	69,05,730	-1,51,320	12,49,394
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,000	1,05,01,595	13,38,155	29,50,724
25,000	61,10,585	12,52,680	5,10,995
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,200	21,00,800	-43,34,525	6,87,728
23,300	26,32,565	-31,96,245	23,19,535
Top CALL Volume:
Strike	OI	OI Change	Volume
23,500	47,32,845	-24,87,160	54,09,531
23,400	34,19,975	-19,57,410	53,07,188
Top PUT Open Interest:
Strike	OI	OI Change	Volume
22,500	1,39,68,175	69,63,385	13,92,895
23,000	1,16,94,410	46,57,055	30,65,870
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,400	93,25,680	76,31,910	54,95,593
22,500	1,39,68,175	69,63,385	13,92,895
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,300	50,82,090	-7,21,045	9,56,260
22,700	36,08,410	-4,45,835	9,56,657
Top PUT Volume:
Strike	OI	OI Change	Volume
23,400	93,25,680	76,31,910	54,95,593
23,300	88,55,730	59,06,745	46,74,494

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 23622.9. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.087 against previous 1.051. The 25000CE option holds the maximum open interest, followed by the 24000CE and 23000PE options. Market participants have shown increased interest with significant open interest additions in the 23500PE option, with open interest additions also seen in the 23000PE and 23600PE options. On the other hand, open interest reductions were prominent in the 22000PE, 23200CE, and 23200PE options. Trading volume was highest in the 24000CE option, followed by the 23000PE and 23500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,622.90	1.087	1.051	0.875
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,45,71,560	6,64,82,435	-19,10,875
PUT:	7,01,94,320	6,98,42,280	3,52,040
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	84,16,055	2,32,765	94,686
24,000	75,97,300	-3,13,375	2,27,166
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,000	84,16,055	2,32,765	94,686
24,500	46,45,290	2,00,135	91,755
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,200	8,46,625	-4,08,265	28,977
24,000	75,97,300	-3,13,375	2,27,166
Top CALL Volume:
Strike	OI	OI Change	Volume
24,000	75,97,300	-3,13,375	2,27,166
23,500	44,41,970	-3,06,020	1,56,808
Top PUT Open Interest:
Strike	OI	OI Change	Volume
23,000	60,31,130	8,20,960	1,63,469
23,500	48,00,770	9,38,795	1,15,314
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,500	48,00,770	9,38,795	1,15,314
23,000	60,31,130	8,20,960	1,63,469
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,000	35,45,055	-6,18,725	84,258
23,200	16,96,565	-3,41,315	49,348
Top PUT Volume:
Strike	OI	OI Change	Volume
23,000	60,31,130	8,20,960	1,63,469
23,500	48,00,770	9,38,795	1,15,314

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 56814.8. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.096 against previous 0.972. The 60000CE option holds the maximum open interest, followed by the 54000PE and 56000CE options. Market participants have shown increased interest with significant open interest additions in the 56000PE option, with open interest additions also seen in the 56500PE and 57000PE options. On the other hand, open interest reductions were prominent in the 55500CE, 55000CE, and 55300CE options. Trading volume was highest in the 60000CE option, followed by the 56000CE and 57000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,814.80	1.096	0.972	0.802
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,49,11,410	1,53,53,760	-4,42,350
PUT:	1,63,45,380	1,49,27,160	14,18,220
Top CALL Open Interest:
Strike	OI	OI Change	Volume
60,000	17,91,960	-92,130	2,11,552
56,000	10,34,130	80,010	1,99,442
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
63,000	4,17,240	1,08,090	16,817
63,500	1,02,300	89,880	11,828
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
55,500	6,24,480	-1,89,000	43,169
55,000	7,25,790	-1,59,330	36,333
Top CALL Volume:
Strike	OI	OI Change	Volume
60,000	17,91,960	-92,130	2,11,552
56,000	10,34,130	80,010	1,99,442
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	14,04,120	20,610	77,225
55,000	9,15,240	59,550	95,263
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
56,000	8,42,610	4,92,840	1,46,355
56,500	2,97,450	1,67,670	37,058
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
60,000	7,67,010	-76,860	11,278
50,000	7,59,270	-61,800	52,204
Top PUT Volume:
Strike	OI	OI Change	Volume
56,000	8,42,610	4,92,840	1,46,355
55,000	9,15,240	59,550	95,263

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 14245.6. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.048 against previous 0.969. 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 14200PE option, with open interest additions also seen in the 14100PE and 13700PE options. On the other hand, open interest reductions were prominent in the 74500CE, 74200CE, and 76700CE options. Trading volume was highest in the 14500CE option, followed by the 13500PE and 14000PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-06-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
14,245.60	1.048	0.969	0.902
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	59,96,520	65,96,520	-6,00,000
PUT:	62,83,200	63,91,200	-1,08,000
Top CALL Open Interest:
Strike	OI	OI Change	Volume
15,000	8,48,520	-1,00,680	10,800
14,500	5,28,000	-21,120	17,104
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,400	2,54,280	55,320	5,360
14,200	2,71,080	54,000	9,432
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
15,000	8,48,520	-1,00,680	10,800
14,800	2,48,520	-95,040	6,631
Top CALL Volume:
Strike	OI	OI Change	Volume
14,500	5,28,000	-21,120	17,104
14,000	2,96,160	-76,920	11,823
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,04,400	-1,08,960	11,226
13,500	6,02,280	-81,480	17,091
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
14,200	3,22,440	1,08,720	4,559
14,100	4,52,520	70,560	6,611
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,400	92,880	-1,16,760	4,699
13,000	7,04,400	-1,08,960	11,226
Top PUT Volume:
Strike	OI	OI Change	Volume
13,500	6,02,280	-81,480	17,091
14,000	5,65,320	52,680	16,399

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

• The overall Open Interest Volume Analysis remains decisively bullish across NIFTY, BANKNIFTY, MIDCPNIFTY and SENSEX. The most important takeaway is that the rally was supported by derivatives data rather than being purely price-driven. NIFTY’s sharp short covering, combined with fresh long creation in July futures, suggests that bears were forced to exit while new buyers entered simultaneously—a powerful combination that often extends market momentum.
• Weekly and monthly option structures continue to favor the bulls. Strong PUT additions around 23400-23500 in NIFTY, 56000 in BANKNIFTY and 14200 in MIDCPNIFTY indicate that traders are actively defending higher support levels. Rising PCR readings across major indices further confirm improving market sentiment, while increased futures premiums suggest expectations of higher prices ahead.
• The key risk for traders is that markets have moved sharply in a single session and are now approaching zones where some profit booking can emerge. Therefore, instead of chasing gaps higher, traders should focus on buying quality pullbacks as long as derivative data remains supportive. Any decline accompanied by falling open interest would likely indicate temporary profit booking, whereas further price gains with rising open interest would confirm continuation of the current bullish trend.
• In summary, the derivatives landscape currently points toward a “buy-on-dips” market rather than a “sell-on-rise” market. Unless there is a meaningful breakdown in PCR readings, PUT support levels, or futures open interest structure, the broader trend remains constructive, with bulls maintaining a clear advantage heading into the next trading week.

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