NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 17/06/2026

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Open Interest Volume Analysis

Today’s Open Interest Volume Analysis reflects a market that is gradually becoming more optimistic despite relatively subdued trading activity.
On 17 June 2026, NIFTY, BANKNIFTY, MIDCPNIFTY and SENSEX futures all witnessed varying degrees of short covering, while fresh long positions started emerging in the July series, indicating that traders are steadily rolling over bullish bets instead of aggressively exiting the market.
The improvement in Put-Call Ratio (PCR) across most indices, coupled with consistent buying interest near major support zones, suggests that market participants continue to buy on declines rather than panic selling at higher levels.
Although volumes remained relatively light in NIFTY, the derivatives data clearly shows that sentiment has improved compared to previous sessions.
In this Open Interest Volume Analysis, we decode every important signal from futures positioning, rollover activity, option chain data, PCR movement, Max Pain levels and institutional positioning to understand whether the ongoing recovery has enough strength to continue or whether resistance near current levels could trigger fresh profit booking.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 24085.7 (0.402%)

Combined = June + July + August

Combined Fut Open Interest Change: -1.42%

Combined Fut Volume Change: -17.54%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 14% Previous 13%

NIFTY JUNE Future closed at: 24094 (0.387%)

June Fut Premium 8.3 (Decreased by -3.55 points)

June Fut Open Interest Change: -2.18%

June Fut Volume Change: -23.28%

June Fut Open Interest Analysis: Short Covering

NIFTY JULY Future closed at: 24182.3 (0.392%)

July Fut Premium 96.6 (Decreased by -2.15 points)

July Fut Open Interest Change: 3.66%

July Fut Volume Change: 34.64%

July Fut Open Interest Analysis: Fresh Long

NIFTY Weekly Expiry (23/06/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.072 (Increased from 1.029)

Put-Call Ratio (Volume): 0.891

Max Pain Level: 24000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24100

Highest PUT Addition: 23000

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

Put-Call Ratio (Open Interest): 1.057 (Increased from 1.052)

Put-Call Ratio (Volume): 0.931

Max Pain Level: 24000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24100

Highest PUT Addition: 24100

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 57585.05 (0.502%)

Combined = June + July + August

Combined Fut Open Interest Change: -4.04%

Combined Fut Volume Change: 25.37%

Combined Fut Open Interest Analysis: Short Covering

Rollover: 14% Previous 13%

BANKNIFTY JUNE Future closed at: 57588.2 (0.464%)

June Fut Premium 3.15 (Decreased by -22.1 points)

June Fut Open Interest Change: -4.8%

June Fut Volume Change: 25.4%

June Fut Open Interest Analysis: Short Covering

BANKNIFTY JULY Future closed at: 57922.6 (0.462%)

July Fut Premium 337.55 (Decreased by -21.3 points)

July Fut Open Interest Change: 0.01%

July Fut Volume Change: 17.87%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.088 (Increased from 1.057)

Put-Call Ratio (Volume): 0.940

Max Pain Level: 56200

Maximum CALL Open Interest: 60000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 57600

Highest PUT Addition: 57600

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14575.8 (0.496%)

Combined = June + July + August

Combined Fut Open Interest Change: 1.20%

Combined Fut Volume Change: 67.30%

Combined Fut Open Interest Analysis: Fresh Long

Rollover: 5% Previous 4%

MIDCPNIFTY JUNE Future closed at: 14628.95 (0.476%)

June Fut Premium 53.15 (Decreased by -2.65 points)

June Fut Open Interest Change: 0.19%

June Fut Volume Change: 69.25%

June Fut Open Interest Analysis: Fresh Long

MIDCPNIFTY JULY Future closed at: 14670.35 (0.494%)

July Fut Premium 94.55 (Increased by 0.15 points)

July Fut Open Interest Change: 27.76%

July Fut Volume Change: 78.81%

July Fut Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.145 (Increased from 1.093)

Put-Call Ratio (Volume): 0.938

Max Pain Level: 14400

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 13000

Highest CALL Addition: 14700

Highest PUT Addition: 14500

SENSEX Monthly Expiry (25/06/2026) Future

SENSEX Spot closed at: 77,155.62 (0.452%)

SENSEX Monthly Future closed at: 77,156.55 (0.436%)

Premium: 0.93 (Decreased by -12.04 points)

Open Interest Change: -4.13%

Volume Change: 48.71%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (OI): 1.348 (Decreased from 1.443)

Put-Call Ratio (Volume): 1.012

Max Pain Level: 77000

Maximum CALL OI: 78000

Maximum PUT OI: 77000

Highest CALL Addition: 77500

Highest PUT Addition: 77000

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 101.59 Cr.

DIIs Net BUY: ₹ 1,561.40 Cr.

FII Derivatives Activity

FII Trading Stats17.06.2616.06.2615.06.26
FII Cash (Provisional Data)101.59-749.18200.05
    
Index Future Open Interest Long Ratio13.09%12.71%12.70%
Index Future Volume Long Ratio58.76%67.66%53.26%
Call Option Open Interest Long Ratio40.18%40.50%42.10%
Call Option Volume Long Ratio49.43%49.99%49.74%
Put Option Open Interest Long Ratio68.37%69.79%65.62%
Put Option Volume Long Ratio49.93%49.19%50.01%
Stock Future Open Interest Long Ratio55.02%55.11%55.28%
Stock Future Volume Long Ratio48.82%47.27%50.49%
    
Index FuturesShort CoveringShort CoveringFresh Long
Index OptionsFresh ShortLong CoveringFresh Short
    
Nifty FuturesShort CoveringShort CoveringFresh Long
Nifty OptionsFresh ShortLong CoveringFresh Short
    
BankNifty FuturesFresh ShortLong CoveringLong Covering
BankNifty OptionsFresh ShortFresh ShortFresh Short
    
FinNifty FuturesLong CoveringLong CoveringFresh Long
FinNifty OptionsFresh LongLong CoveringFresh Short
    
MidcpNifty FuturesShort CoveringLong CoveringFresh Long
MidcpNifty OptionsFresh ShortFresh LongFresh Short
    
NiftyNxt50 FuturesFresh ShortShort CoveringFresh Long
NiftyNxt50 OptionsFresh LongFresh LongFresh Long
    
Stock FuturesFresh ShortFresh ShortFresh Long
Stock OptionsFresh ShortFresh ShortFresh Short

SENSEX weekly Expiry (18/06/2026)

The SENSEX index closed at 77155.62. The SENSEX weekly expiry for JUNE 18, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.348 against previous 1.443. The 77000PE option holds the maximum open interest, followed by the 76000PE and 76500PE options. Market participants have shown increased interest with significant open interest additions in the 77000PE option, with open interest additions also seen in the 76000PE and 77100PE options. On the other hand, open interest reductions were prominent in the 71000PE, 72000PE, and 76700CE options. Trading volume was highest in the 77000PE option, followed by the 77000CE and 77500CE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:18-06-2026
Index SpotPCR OIPrev PCR OIPCR VOL
77155.621.3481.4431.012
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:  2,80,52,920    1,88,63,880           91,89,040
PUT:  3,78,19,260    2,72,14,080        1,06,05,180
Top CALL Open Interest:
StrikeOIOI ChangeVolume
78000      20,80,840          7,44,440        6,72,00,260
80000      18,11,440          3,33,420        1,27,29,480
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
77500      15,56,200          7,72,560        9,21,03,600
78000      20,80,840          7,44,440        6,72,00,260
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
76700        1,34,600        -2,96,880           91,66,340
76500        3,45,720        -2,62,000           66,14,700
Top CALL Volume:
StrikeOIOI ChangeVolume
77000      13,53,640          5,41,580     10,03,82,440
77500      15,56,200          7,72,560        9,21,03,600
Top PUT Open Interest:
StrikeOIOI ChangeVolume
77000      21,83,700        17,47,700     11,27,67,580
76000      21,18,060          9,75,640        4,99,18,360
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
77000      21,83,700        17,47,700     11,27,67,580
76000      21,18,060          9,75,640        4,99,18,360
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
71000        3,90,800        -4,25,200           31,55,560
72000        7,88,380        -3,12,800           50,75,260
Top PUT Volume:
StrikeOIOI ChangeVolume
77000      21,83,700        17,47,700     11,27,67,580
76500      21,08,200          6,23,320        8,06,19,360

NIFTY Weekly Expiry (23/06/2026)

The NIFTY index closed at 24085.7. The NIFTY weekly expiry for JUNE 23, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.072 against previous 1.029. The 24000PE option holds the maximum open interest, followed by the 23000PE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 23000PE option, with open interest additions also seen in the 24100CE and 24000PE options. On the other hand, open interest reductions were prominent in the 23650PE, 23900CE, and 22800PE options. Trading volume was highest in the 24000PE option, followed by the 24000CE and 24100CE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:23-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,085.70                1.072                  1.029               0.891
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    9,91,43,200      6,83,34,890   3,08,08,310
 PUT: 10,62,56,280      7,03,42,350   3,59,13,930
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               25,000       76,81,180         23,28,365         4,65,445
               24,500       65,09,750         20,54,715       10,62,588
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,100       56,00,270         35,03,370       23,56,063
               25,000       76,81,180         23,28,365         4,65,445
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               23,900       22,36,390          -5,27,540         4,57,719
               23,950          8,03,530          -3,18,240         4,66,033
 Top CALL Volume:
 Strike OI OI Change Volume
               24,000       64,30,190              -58,630       25,31,647
               24,100       56,00,270         35,03,370       23,56,063
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       81,36,570         27,50,280       26,26,885
               23,000       78,07,280         45,04,435         4,44,964
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               23,000       78,07,280         45,04,435         4,44,964
               24,000       81,36,570         27,50,280       26,26,885
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               23,650       14,77,645          -5,57,765         3,31,880
               22,800       22,98,920          -4,57,665         2,23,130
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,000       81,36,570         27,50,280       26,26,885
               24,050       28,78,590         25,51,055       15,19,207

NIFTY Monthly Expiry (30/06/2026)

The NIFTY index closed at 24085.7. The NIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.057 against previous 1.052. 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 24100CE option, with open interest additions also seen in the 24700CE and 24100PE options. On the other hand, open interest reductions were prominent in the 24000CE, 23200PE, and 22500PE options. Trading volume was highest in the 24000CE option, followed by the 24500CE and 24000PE options, indicating active trading in these strikes.

NIFTY Monthly Expiry:30-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,085.70                1.057                  1.052               0.931
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    7,02,20,715      6,85,34,420       16,86,295
 PUT:    7,42,24,390      7,20,94,970       21,29,420
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               25,000       90,25,225               93,290             72,455
               24,000       72,96,740          -4,89,110         1,56,378
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,100       15,99,390            6,06,515             71,633
               24,700       12,44,685            4,04,105             33,810
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               24,000       72,96,740          -4,89,110         1,56,378
               23,950          2,51,940          -1,11,995             10,987
 Top CALL Volume:
 Strike OI OI Change Volume
               24,000       72,96,740          -4,89,110         1,56,378
               24,500       58,86,075               53,950         1,25,606
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       60,03,280            2,62,980         1,23,363
               23,500       54,91,980            1,02,895             86,469
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,100          7,94,690            3,92,405             40,417
               23,700       14,22,460            3,08,165             39,294
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               23,200       18,43,855          -1,72,640             33,566
               22,500       19,20,880          -1,31,560             21,279
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,000       60,03,280            2,62,980         1,23,363
               23,500       54,91,980            1,02,895             86,469

BANKNIFTY Monthly Expiry (30/06/2026)

The BANKNIFTY index closed at 57585.05. The BANKNIFTY monthly expiry for JUNE 30, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.088 against previous 1.057. The 60000CE option holds the maximum open interest, followed by the 54000PE and 55000PE options. Market participants have shown increased interest with significant open interest additions in the 57600CE option, with open interest additions also seen in the 57600PE and 57500PE options. On the other hand, open interest reductions were prominent in the 57000CE, 57300CE, and 49500PE options. Trading volume was highest in the 57500CE option, followed by the 58000CE and 57500PE options, indicating active trading in these strikes.

BANKNIFTY Monthly Expiry:30-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         57,585.05                1.088                  1.057               0.940
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    1,60,34,070      1,59,70,440             63,630
 PUT:    1,74,48,930      1,68,83,880         5,65,050
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               60,000       17,68,590            1,27,230             66,164
               58,000          9,01,320               66,000         1,23,332
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               57,600          3,60,900            2,19,120             68,971
               60,000       17,68,590            1,27,230             66,164
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               57,000          6,65,820          -1,25,640             66,362
               57,300          2,26,110          -1,04,220             57,550
 Top CALL Volume:
 Strike OI OI Change Volume
               57,500          7,45,020              -31,260         1,57,908
               58,000          9,01,320               66,000         1,23,332
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               54,000       14,24,940               23,310             43,498
               55,000          9,48,510                     420             48,087
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               57,600          2,29,980            1,82,970             49,184
               57,500          5,81,580            1,81,980         1,11,708
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               49,500          1,40,820              -87,330               6,842
               51,500          1,78,890              -63,000               8,912
 Top PUT Volume: 
 Strike OI OI Change Volume
               57,500          5,81,580            1,81,980         1,11,708
               57,000          7,52,340               63,300             82,314

MIDCPNIFTY Monthly Expiry (30/06/2026)

The MIDCPNIFTY index closed at 14575.8. The MIDCPNIFTY monthly expiry for JUNE 30, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.145 against previous 1.093. 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 14700CE option, with open interest additions also seen in the 14500PE and 14600PE options. On the other hand, open interest reductions were prominent in the 72000CE, 70700PE, and 73500CE options. Trading volume was highest in the 14500PE option, followed by the 14600CE and 14700CE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:30-06-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         14,575.80                1.145                  1.093               0.938
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       63,77,400         63,01,200             76,200
 PUT:       73,02,600         68,89,680         4,12,920
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               15,000          6,88,800              -97,080             13,091
               14,700          5,34,240            2,42,040             15,869
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               14,700          5,34,240            2,42,040             15,869
               14,650          1,11,360               85,680               4,207
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               15,000          6,88,800              -97,080             13,091
               14,600          2,99,640              -77,640             16,300
 Top CALL Volume:
 Strike OI OI Change Volume
               14,600          2,99,640              -77,640             16,300
               14,700          5,34,240            2,42,040             15,869
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               13,000          6,73,440                -9,600               2,533
               13,500          6,29,520              -78,840               5,001
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               14,500          6,17,520            1,33,200             18,611
               14,600          2,29,200               88,680             11,519
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               13,500          6,29,520              -78,840               5,001
               13,900          2,34,000              -22,920               3,308
 Top PUT Volume: 
 Strike OI OI Change Volume
               14,500          6,17,520            1,33,200             18,611
               14,600          2,29,200               88,680             11,519

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

Overall Open Interest Volume Analysis continues to favour the bulls, but the strength of the uptrend still requires confirmation from higher volumes and sustained fresh long additions in the near-month contracts.
NIFTY Futures: Combined short covering, increasing rollover and fresh longs in July futures indicate that traders are preparing for a continuation of the upward move rather than expecting a sharp correction. However, heavy Call writing around 24,100 shows that immediate upside could remain capped unless this level is crossed decisively. Strong Put support around 24,000 continues to provide a solid cushion on declines.
BANKNIFTY Futures: Strong short covering across combined futures, improving PCR and balanced option positioning suggest that banking stocks remain supportive of the broader market. Simultaneous Call and Put additions at 57,600 indicate that this level may act as the immediate battleground for the next directional move. A sustained breakout above this zone could accelerate bullish momentum.
MIDCPNIFTY Futures: This remains the strongest index from a derivatives perspective. Fresh long build-up in both June and July futures, accompanied by a sharp jump in volume, reflects aggressive bullish participation. Rising PCR and supportive option positioning further strengthen the positive outlook, making MIDCPNIFTY relatively stronger than the broader market.
SENSEX Futures: Persistent short covering and rising trading activity continue to support the positive bias. Although PCR eased slightly from elevated levels, it still remains comfortably above 1, suggesting that bullish sentiment has not weakened significantly.
Cross-market derivatives positioning indicates a healthy rollover process, with traders shifting positions into the July series instead of unwinding exposure. This generally reflects confidence that the broader trend remains intact.
Actionable View: As long as NIFTY holds above 24,000 and BANKNIFTY remains above 57,600, the broader trend continues to favour buying on dips rather than selling rallies. A decisive breakout above the immediate Call-writing zones could trigger another round of fresh long additions, while any decline towards Max Pain and major Put base levels is likely to attract renewed buying interest. Overall, today’s Open Interest Volume Analysis suggests that the medium-term bullish structure remains intact, although traders should continue monitoring volume expansion and fresh long build-up for confirmation of the next leg higher.

Check Previous Day’s NSE & BSE Indices F&O Analysis

FII / FPI trading activity in Capital Market Segment

NSE Derivatives Raw Data

BSE Derivatives Raw Data

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