NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 30/07/2025

The Open Interest Volume Analysis for 30th July 2025 reveals a textbook expiry-eve scenario—marked by sharp position squaring, range-bound price action, and market participants content to step aside ahead of a fresh monthly cycle. Nifty July futures eked out a modest 0.12% gain to 24,869.30, but the headline is the immense 23.5% drop in open interest and a nearly 18% volume decline, exposing a wholesale clean-out of positions rather than conviction-led moves. The premium further compressed to 14.25, underscoring a reluctance to extend risk in either direction.

Options data reflect the expiry tug-of-war: the Put-Call Ratio (OI) nudged up to 0.778 as both calls and puts saw heavy build-up at 24,900, establishing that level as the expiry magnet (max pain). While the sentiment has marginally improved from the previous day’s capitulation, call writers retain the upper hand at 25,000. This indecision and liquidation rhythm echo across BankNifty, FINNIFTY, and MIDCPNIFTY, each reporting striking double-digit OI drops and minimal directional movement—a market content to wait for July’s settlement before sparking fresh trends.

NSE & BSE F&O Market Signals

NIFTY JULY Future

NIFTY Spot closed at: 24,855.05 (0.14%)

NIFTY JULY Future closed at: 24,869.30 (0.12%)

Premium: 14.25 (Decreased by -3.45 points)

Open Interest Change: -23.5%

Volume Change: -17.9%

NIFTY Monthly Expiry (31/07/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.778 (Increased from 0.710)

Put-Call Ratio (Volume): 0.833

Max Pain Level: 24900

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24800

Highest CALL Addition: 24900

Highest PUT Addition: 24900

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 56,150.70 (-0.13%)

BANKNIFTY JULY Future closed at: 56,217.60 (-0.20%)

Premium: 66.9 (Decreased by -42.9 points)

Open Interest Change: -15.4%

Volume Change: -15.8%

BANKNIFTY Monthly Expiry  (31/07/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.589 (Decreased from 0.590)

Put-Call Ratio (Volume): 0.840

Max Pain Level: 56300

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 56000

Highest CALL Addition: 56200

Highest PUT Addition: 56200

FINNIFTY JULY Future

FINNIFTY Spot closed at: 26,703.50 (0.01%)

FINNIFTY JULY Future closed at: 26,715.60 (-0.13%)

Premium:  12.1 (Decreased by -36.6 points)

Open Interest Change: -23.6%

Volume Change: 60.8%

FINNIFTY Monthly Expiry  (31/07/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.698 (Increased from 0.617)

Put-Call Ratio (Volume): 0.800

Max Pain Level: 26700

Maximum CALL Open Interest: 27000

Maximum PUT Open Interest: 26700

Highest CALL Addition: 27400

Highest PUT Addition: 26700

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,009.65 (-0.18%)

MIDCPNIFTY JULY Future closed at: 13,025.00 (-0.25%)

Premium: 15.35 (Decreased by -8.25 points)

Open Interest Change: -27.2%

Volume Change: -35.1%

MIDCPNIFTY Monthly Expiry  (31/07/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.740 (Decreased from 0.764)

Put-Call Ratio (Volume): 0.886

Max Pain Level: 13050

Maximum CALL Open Interest: 13500

Maximum PUT Open Interest: 13000

Highest CALL Addition: 13225

Highest PUT Addition: 12950

SENSEX Weekly Expiry (5/08/2025) Future

SENSEX Spot closed at: 81,481.86 (0.18%)

SENSEX Weekly Future closed at: 81,589.55 (0.17%)

Premium: 107.69 (Decreased by -1.96 points)

Open Interest Change: 17.5%

Volume Change: -23.7%

SENSEX Weekly Expiry (5/08/2025) Option Analysis

Put-Call Ratio (OI): 0.838 (Decreased from 0.883)

Put-Call Ratio (Volume): 0.783

Max Pain Level: 81500

Maximum CALL OI: 84000

Maximum PUT OI: 81500

Highest CALL Addition: 84000

Highest PUT Addition: 81500

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 850.04 Cr
DIIs Net BUY: ₹ 1,829.11 Cr

FII Derivatives Activity

FII Trading Stats	30.07.25	29.07.25	28.07.25
FII Cash (Provisional Data)	-850.04	-4,636.60	-6,082.47
Index Future Open Interest Long Ratio	14.06%	13.33%	14.61%
Index Future Volume Long Ratio	48.72%	47.26%	45.10%
Call Option Open Interest Long Ratio	47.38%	48.62%	45.98%
Call Option Volume Long Ratio	49.81%	50.53%	49.55%
Put Option Open Interest Long Ratio	57.59%	60.38%	62.95%
Put Option Volume Long Ratio	49.57%	49.58%	50.07%
Stock Future Open Interest Long Ratio	62.16%	62.28%	61.84%
Stock Future Volume Long Ratio	49.95%	50.69%	50.40%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Fresh Short	Fresh Long	Fresh Short
Nifty Futures	Fresh Short	Long Covering	Fresh Short
Nifty Options	Fresh Short	Fresh Long	Fresh Short
BankNifty Futures	Fresh Short	Fresh Long	Fresh Short
BankNifty Options	Fresh Short	Long Covering	Fresh Short
FinNifty Futures	Long Covering	Fresh Short	Fresh Short
FinNifty Options	Long Covering	Fresh Short	Fresh Long
MidcpNifty Futures	Long Covering	Fresh Long	Fresh Short
MidcpNifty Options	Long Covering	Fresh Long	Fresh Long
NiftyNxt50 Futures	Fresh Short	Fresh Short	Short Covering
NiftyNxt50 Options	Fresh Short	Fresh Long	Fresh Long
Stock Futures	Fresh Short	Fresh Long	Short Covering
Stock Options	Long Covering	Short Covering	Short Covering

NSE & BSE Option market Trends : Options Insights

SENSEX Weekly Expiry (5/08/2025)

The SENSEX index closed at 81481.86. The SENSEX weekly expiry for JULY 29, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.838 against previous 0.883. The 84000CE option holds the maximum open interest, followed by the 81500PE and 81500CE options. Market participants have shown increased interest with significant open interest additions in the 84000CE option, with open interest additions also seen in the 81500PE and 86000CE options. On the other hand, open interest reductions were prominent in the 81000CE, 81100CE, and 80700CE options. Trading volume was highest in the 81500CE option, followed by the 81500PE and 81600CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	05-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
81481.86	0.838	0.883	0.783
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	53,44,860	21,53,389	31,91,471
PUT:	44,77,720	19,01,800	25,75,920
Top CALL Open Interest:
Strike	OI	OI Change	Volume
84000	4,38,780	3,08,560	35,91,360
81500	3,66,320	2,23,160	1,48,07,600
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
84000	4,38,780	3,08,560	35,91,360
86000	2,94,960	2,31,000	15,28,860
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
81000	1,80,720	-16,360	13,09,760
81100	21,600	-9,840	7,77,840
Top CALL Volume:
Strike	OI	OI Change	Volume
81500	3,66,320	2,23,160	1,48,07,600
81600	1,54,460	1,24,480	98,45,500
Top PUT Open Interest:
Strike	OI	OI Change	Volume
81500	3,74,160	2,60,640	1,14,49,960
81000	3,41,680	1,03,400	75,14,620
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
81500	3,74,160	2,60,640	1,14,49,960
78000	2,34,540	1,22,140	26,18,060
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
84000	11,820	-260	1,800
82700	2,080	-20	480
Top PUT Volume:
Strike	OI	OI Change	Volume
81500	3,74,160	2,60,640	1,14,49,960
81400	1,55,580	1,21,320	93,48,740

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 24855.05. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.778 against previous 0.710. The 25000CE option holds the maximum open interest, followed by the 25500CE and 25200CE options. Market participants have shown increased interest with significant open interest additions in the 24900PE option, with open interest additions also seen in the 24900CE and 24850PE options. On the other hand, open interest reductions were prominent in the 26000CE, 24800CE, and 24000PE options. Trading volume was highest in the 24900CE option, followed by the 24800PE and 24850CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,855.05	0.778	0.710	0.833
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	18,08,79,825	19,59,73,950	-1,50,94,125
PUT:	14,07,42,750	13,91,15,550	16,27,200
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,51,28,175	10,31,250	50,10,163
25,500	1,29,74,250	14,91,975	11,02,822
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,900	1,12,80,450	32,75,475	80,50,882
25,500	1,29,74,250	14,91,975	11,02,822
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	87,57,975	-38,92,275	5,03,197
24,800	50,96,700	-29,77,425	52,78,999
Top CALL Volume:
Strike	OI	OI Change	Volume
24,900	1,12,80,450	32,75,475	80,50,882
24,850	47,90,550	6,73,800	62,55,322
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,800	1,00,41,750	12,08,550	73,23,545
24,000	1,00,32,600	-20,85,975	9,49,157
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,900	62,44,575	33,51,750	47,46,228
24,850	57,69,750	32,66,700	59,55,582
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	1,00,32,600	-20,85,975	9,49,157
23,800	31,56,000	-20,72,175	4,36,648
Top PUT Volume:
Strike	OI	OI Change	Volume
24,800	1,00,41,750	12,08,550	73,23,545
24,850	57,69,750	32,66,700	59,55,582

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 56150.7. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.589 against previous 0.590. The 57000CE option holds the maximum open interest, followed by the 57500CE and 58000CE options. Market participants have shown increased interest with significant open interest additions in the 56200CE option, with open interest additions also seen in the 56200PE and 57400CE options. On the other hand, open interest reductions were prominent in the 60000CE, 58500CE, and 59000CE options. Trading volume was highest in the 56000PE option, followed by the 56200CE and 56200PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,150.70	0.589	0.590	0.840
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,78,11,910	2,69,05,935	9,05,975
PUT:	1,63,81,785	1,58,69,114	5,12,671
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	24,99,280	1,83,890	5,52,854
57,500	17,07,860	-1,62,400	2,88,358
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
56,200	9,60,890	5,08,970	11,29,554
57,400	6,95,625	2,96,170	1,49,024
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
60,000	13,67,275	-3,31,170	64,476
58,500	12,48,730	-3,06,915	1,42,376
Top CALL Volume:
Strike	OI	OI Change	Volume
56,200	9,60,890	5,08,970	11,29,554
56,300	8,74,615	2,30,055	9,24,542
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	15,53,755	2,44,475	11,34,838
55,000	10,57,175	-87,395	2,04,406
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
56,200	7,92,855	3,14,615	11,28,506
56,000	15,53,755	2,44,475	11,34,838
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
53,500	5,05,575	-1,46,545	58,764
55,500	6,67,870	-1,06,155	3,02,276
Top PUT Volume:
Strike	OI	OI Change	Volume
56,000	15,53,755	2,44,475	11,34,838
56,200	7,92,855	3,14,615	11,28,506

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 26703.5. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.698 against previous 0.617. The 27000CE option holds the maximum open interest, followed by the 26700CE and 27300CE options. Market participants have shown increased interest with significant open interest additions in the 27400CE option, with open interest additions also seen in the 27000CE and 26700CE options. On the other hand, open interest reductions were prominent in the 27600CE, 27700CE, and 25800PE options. Trading volume was highest in the 26700CE option, followed by the 26700PE and 26800CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,703.50	0.698	0.617	0.800
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	33,10,060	35,76,950	-2,66,890
PUT:	23,10,880	22,05,320	1,05,560
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,000	3,44,825	64,935	40,209
26,700	2,51,615	62,400	1,02,123
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,400	1,97,600	1,15,375	10,972
27,000	3,44,825	64,935	40,209
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,600	44,785	-1,52,165	7,297
27,700	49,595	-1,16,675	6,751
Top CALL Volume:
Strike	OI	OI Change	Volume
26,700	2,51,615	62,400	1,02,123
26,800	1,86,420	12,610	74,362
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,700	1,98,315	59,605	84,108
26,500	1,61,265	55,445	40,857
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,700	1,98,315	59,605	84,108
26,500	1,61,265	55,445	40,857
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,800	70,265	-1,11,930	8,927
25,750	9,945	-32,110	2,588
Top PUT Volume:
Strike	OI	OI Change	Volume
26,700	1,98,315	59,605	84,108
26,650	1,26,425	47,840	62,376

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13009.65. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.740 against previous 0.764. The 13500CE option holds the maximum open interest, followed by the 13300CE and 13000PE options. Market participants have shown increased interest with significant open interest additions in the 12950PE option, with open interest additions also seen in the 13225CE and 12850PE options. On the other hand, open interest reductions were prominent in the 67600CE, 68900CE, and 72400PE options. Trading volume was highest in the 13000PE option, followed by the 13000CE and 13100CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,009.65	0.740	0.764	0.886
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,87,24,720	1,86,23,080	1,01,640
PUT:	1,38,56,920	1,42,31,700	-3,74,780
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,500	26,07,360	1,12,700	61,463
13,300	14,87,220	34,720	87,203
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,225	3,09,820	2,24,140	21,514
13,250	6,05,780	1,42,100	42,379
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,600	4,95,740	-5,09,460	22,526
13,800	3,20,740	-2,83,080	8,603
Top CALL Volume:
Strike	OI	OI Change	Volume
13,000	11,97,700	1,30,340	2,59,515
13,100	9,07,200	1,14,800	1,67,675
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	12,64,480	-91,280	3,03,179
12,500	11,72,080	-21,280	33,787
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,950	6,94,260	3,13,460	1,35,678
12,850	7,64,540	2,19,660	54,359
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,900	8,89,560	-1,89,000	1,38,173
12,700	4,87,200	-1,67,580	38,282
Top PUT Volume:
Strike	OI	OI Change	Volume
13,000	12,64,480	-91,280	3,03,179
12,900	8,89,560	-1,89,000	1,38,173

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

This session’s Open Interest Volume Analysis signals the classic expiry shakeout, but it leaves traders with valuable tactical cues. Nifty’s max pain at 24,900 is now the centre of gravity—expect expiry settlement to orbit closely around this strike barring an abrupt global disruption. With open interest sharply lower and both calls and puts crowding the same zone, the odds favor a low-volatility expiration, rewarding those who deployed iron condors or short straddles targeting 24,900.

Bulls should resist fresh longs until the series rolls and spot reclaims 25,000 on sustained volume, while bears may find better risk-reward only if settlement shows a clear breakdown under 24,800. In BankNifty and FINNIFTY, similar expiry magnet levels (56,200 and 26,700 respectively) merit attention, while midcaps remain especially sensitive to global cues as aggressive squaring dominates. Into the new series, let this Open Interest Volume Analysis be your trading compass—stay defensive, watch for new open interest to emerge and let cleaner option chains and volumes guide actionable trades in August.

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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