NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 4/08/2025

The Open Interest Volume Analysis for 4th August 2025 shows early signs of a cautious rebound after last week’s selloff. Nifty July futures climbed 0.67% to 24,793.10 as traders covered shorts—a move reflected in the 2.3% drop in open interest and lower volumes. The premium rose by 8.5 points, signaling some renewed hedging as the spot lifts above 24,700. Looking at options, the weekly Put-Call Ratio (OI) climbed to 0.84, with big put additions at 24,600 and 24,700 showing a tentative safety net forming below. Max pain remains at 24,700, keeping the expiry zone tight, while monthly option data suggests market participants see a potential base near 24,000–25,000.

Banks and midcaps added to the cautious optimism. BankNifty August futures saw a minor price bump but a healthy 5.6% OI gain, with open interest analysis flagging fresh long creation. In contrast, FINNIFTY showed mild price changes and a 3.5% OI rise, but open interest suggests more fresh shorts—the sector remains under pressure. MIDCPNIFTY futures spiked 1.7% with a 4.5% OI drop, confirming short covering is at play in the midcap segment. SENSEX followed a similar pattern, rising 0.58% with a nearly 10% cut in OI and a sharp jump in premium, marking a shift from risk-off to slightly positive positioning.

NSE & BSE F&O Market Signals

NIFTY AUGUST Future

NIFTY Spot closed at: 24,722.75 (0.64%)

NIFTY AUGUST Future closed at: 24,793.10 (0.67%)

Premium: 70.35 (Increased by 8.5 points)

Open Interest Change: -2.3%

Volume Change: -30.7%

Open Interest Analysis: Short Covering

NIFTY Weekly Expiry (7/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.842 (Increased from 0.570)

Put-Call Ratio (Volume): 0.846

Max Pain Level: 24700

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 23500

Highest CALL Addition: 25500

Highest PUT Addition: 24600

NIFTY Monthly Expiry (28/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.018 (Decreased from 1.023)

Put-Call Ratio (Volume): 0.958

Max Pain Level: 25000

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 25500

Highest PUT Addition: 22800

BANKNIFTY AUGUST Future

BANKNIFTY Spot closed at: 55,619.35 (0.003%)

BANKNIFTY AUGUST Future closed at: 55,860.00 (0.12%)

Premium: 240.65 (Increased by 64.05 points)

Open Interest Change: 5.6%

Volume Change: -37.7%

Open Interest Analysis: Fresh Long

BANKNIFTY Monthly Expiry  (28/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.839 (Decreased from 0.879)

Put-Call Ratio (Volume): 0.908

Max Pain Level: 56000

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 57000

Highest CALL Addition: 59000

Highest PUT Addition: 51500

FINNIFTY AUGUST Future

FINNIFTY Spot closed at: 26,476.60 (-0.06%)

FINNIFTY AUGUST Future closed at: 26,593.60 (0.09%)

Premium:  117 (Increased by 39.9 points)

Open Interest Change: 3.5%

Volume Change: -11.8%

Open Interest Analysis: Fresh Short

FINNIFTY Monthly Expiry  (28/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.800 (Decreased from 1.271)

Put-Call Ratio (Volume): 0.648

Max Pain Level: 26600

Maximum CALL Open Interest: 27000

Maximum PUT Open Interest: 26000

Highest CALL Addition: 26800

Highest PUT Addition: 26450

MIDCPNIFTY AUGUST Future

MIDCPNIFTY Spot closed at: 12,861.10 (1.52%)

MIDCPNIFTY AUGUST Future closed at: 12,904.25 (1.71%)

Premium: 43.15 (Increased by 23.6 points)

Open Interest Change: -4.5%

Volume Change: 8.0%

Open Interest Analysis: Short Covering

MIDCPNIFTY Monthly Expiry  (28/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.238 (Increased from 1.010)

Put-Call Ratio (Volume): 0.750

Max Pain Level: 12900

Maximum CALL Open Interest: 13500

Maximum PUT Open Interest: 12000

Highest CALL Addition: 13500

Highest PUT Addition: 12500

SENSEX Weekly Expiry (5/08/2025) Future

SENSEX Spot closed at: 81,018.72 (0.52%)

SENSEX Weekly Future closed at: 81,064.45 (0.58%)

Premium: 45.73 (Increased by 49.44 points)

Open Interest Change: -9.7%

Volume Change: -9.2%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (OI): 0.912 (Increased from 0.543)

Put-Call Ratio (Volume): 0.979

Max Pain Level: 81000

Maximum CALL OI: 82500

Maximum PUT OI: 78000

Highest CALL Addition: 82500

Highest PUT Addition: 79500

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 2,566.51 Cr
DIIs Net BUY: ₹ 4,386.29 Cr

FII Derivatives Activity

FII Trading Stats	4.08.25	1.08.25	31.07.25
FII Cash (Provisional Data)	-2,566.51	-3,366.40	-5,588.91
Index Future Open Interest Long Ratio	9.00%	8.60%	9.59%
Index Future Volume Long Ratio	52.59%	26.03%	47.41%
Call Option Open Interest Long Ratio	46.31%	43.99%	45.45%
Call Option Volume Long Ratio	50.39%	49.56%	50.05%
Put Option Open Interest Long Ratio	63.06%	66.13%	69.51%
Put Option Volume Long Ratio	49.60%	50.18%	50.03%
Stock Future Open Interest Long Ratio	62.59%	62.15%	62.50%
Stock Future Volume Long Ratio	54.18%	47.13%	49.09%
Index Futures	Fresh Long	Fresh Short	Long Covering
Index Options	Fresh Short	Fresh Short	Short Covering
Nifty Futures	Short Covering	Fresh Short	Long Covering
Nifty Options	Fresh Short	Fresh Short	Short Covering
BankNifty Futures	Fresh Short	Fresh Short	Short Covering
BankNifty Options	Fresh Short	Fresh Long	Short Covering
FinNifty Futures	Fresh Long	Long Covering	Fresh Long
FinNifty Options	Fresh Short	Fresh Short	Long Covering
MidcpNifty Futures	Fresh Long	Fresh Short	Long Covering
MidcpNifty Options	Fresh Long	Fresh Long	Long Covering
NiftyNxt50 Futures	Fresh Short	Fresh Short	Long Covering
NiftyNxt50 Options	Fresh Long	Fresh Short	Long Covering
Stock Futures	Fresh Long	Long Covering	Long Covering
Stock Options	Fresh Short	Fresh Long	Long Covering

NSE & BSE Option market Trends : Options Insights

NIFTY Weekly Expiry (7/08/2025)

The NIFTY index closed at 24722.75. The NIFTY weekly expiry for AUGUST 7, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.842 against previous 0.570. The 25000CE option holds the maximum open interest, followed by the 23500PE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 24600PE option, with open interest additions also seen in the 23500PE and 22800PE options. On the other hand, open interest reductions were prominent in the 24200PE, 24800CE, and 24700CE options. Trading volume was highest in the 24700CE option, followed by the 24600PE and 24800CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	07-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,722.75	0.842	0.570	0.846
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	14,61,20,700	14,38,00,950	23,19,750
PUT:	12,30,98,400	8,19,69,450	4,11,28,950
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,06,87,200	-2,33,100	21,18,588
26,000	92,31,525	-3,33,825	4,84,127
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	88,00,725	15,90,750	7,42,173
25,300	58,14,600	14,13,525	5,76,433
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,800	80,14,050	-14,42,625	26,44,398
24,700	61,11,225	-13,78,125	36,91,945
Top CALL Volume:
Strike	OI	OI Change	Volume
24,700	61,11,225	-13,78,125	36,91,945
24,800	80,14,050	-14,42,625	26,44,398
Top PUT Open Interest:
Strike	OI	OI Change	Volume
23,500	97,69,200	36,22,725	5,34,032
24,000	81,89,475	25,81,425	9,45,240
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,600	78,23,625	38,71,500	30,90,195
23,500	97,69,200	36,22,725	5,34,032
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,200	46,49,700	-16,05,675	9,30,282
23,300	15,50,175	-4,28,475	1,93,056
Top PUT Volume:
Strike	OI	OI Change	Volume
24,600	78,23,625	38,71,500	30,90,195
24,700	64,41,375	29,50,500	25,38,348

SENSEX Weekly Expiry (5/08/2025)

The SENSEX index closed at 81018.72. The SENSEX weekly expiry for AUGUST 5, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.912 against previous 0.543. The 82500CE option holds the maximum open interest, followed by the 82000CE and 78000PE options. Market participants have shown increased interest with significant open interest additions in the 82500CE option, with open interest additions also seen in the 79500PE and 80000PE options. On the other hand, open interest reductions were prominent in the 81000CE, 77000PE, and 84500CE options. Trading volume was highest in the 81000CE option, followed by the 81500CE and 80500PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	05-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
81018.72	0.912	0.543	0.979
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,58,14,160	2,13,29,920	44,84,240
PUT:	2,35,53,360	1,15,73,309	1,19,80,051
Top CALL Open Interest:
Strike	OI	OI Change	Volume
82500	22,10,980	12,03,220	2,25,80,040
82000	21,54,860	7,29,580	5,88,51,400
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
82500	22,10,980	12,03,220	2,25,80,040
82000	21,54,860	7,29,580	5,88,51,400
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
81000	11,96,080	-4,34,220	9,19,13,880
84500	4,01,960	-2,24,140	44,71,920
Top CALL Volume:
Strike	OI	OI Change	Volume
81000	11,96,080	-4,34,220	9,19,13,880
81500	13,99,500	4,58,140	7,52,19,280
Top PUT Open Interest:
Strike	OI	OI Change	Volume
78000	15,84,660	5,48,760	1,08,65,460
79000	14,83,920	6,52,640	2,40,67,060
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
79500	13,42,180	9,40,700	3,28,56,000
80000	14,27,620	8,59,020	7,05,42,620
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
77000	5,59,620	-2,24,880	53,03,340
76800	13,840	-68,660	3,83,720
Top PUT Volume:
Strike	OI	OI Change	Volume
80500	13,95,240	8,15,420	7,24,17,440
80000	14,27,620	8,59,020	7,05,42,620

NIFTY Monthly Expiry (28/08/2025)

The NIFTY index closed at 24722.75. The NIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.018 against previous 1.023. The 25000CE option holds the maximum open interest, followed by the 26000CE and 25500CE options. Market participants have shown increased interest with significant open interest additions in the 25500CE option, with open interest additions also seen in the 22800PE and 26000CE options. On the other hand, open interest reductions were prominent in the 24700PE, 24700CE, and 24500CE options. Trading volume was highest in the 25000CE option, followed by the 24500PE and 24000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,722.75	1.018	1.023	0.958
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,68,64,225	3,62,45,550	6,18,675
PUT:	3,75,43,950	3,70,84,800	4,59,150
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	57,02,025	1,38,450	61,094
26,000	43,59,975	2,09,775	25,593
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	40,97,775	2,65,050	43,099
26,000	43,59,975	2,09,775	25,593
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,700	8,43,525	-1,91,025	40,947
24,500	8,27,475	-1,81,200	21,896
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	57,02,025	1,38,450	61,094
25,500	40,97,775	2,65,050	43,099
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	38,50,725	-39,750	45,730
25,000	37,55,400	-1,48,200	27,867
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
22,800	11,89,650	2,48,475	11,459
23,000	24,58,500	1,31,175	18,897
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,700	11,15,325	-2,04,675	41,312
25,000	37,55,400	-1,48,200	27,867
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	25,80,675	-62,850	57,544
24,000	38,50,725	-39,750	45,730

BANKNIFTY Monthly Expiry (28/08/2025)

The BANKNIFTY index closed at 55619.35. The BANKNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.839 against previous 0.879. The 57000CE option holds the maximum open interest, followed by the 57000PE and 56000CE options. Market participants have shown increased interest with significant open interest additions in the 51500PE option, with open interest additions also seen in the 55500PE and 59000CE options. On the other hand, open interest reductions were prominent in the 56500PE, 56200PE, and 54500PE options. Trading volume was highest in the 55500PE option, followed by the 55600PE and 56000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,619.35	0.839	0.879	0.908
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,28,72,475	1,12,59,229	16,13,246
PUT:	1,08,00,335	98,92,015	9,08,320
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	21,34,545	47,285	69,775
56,000	9,78,005	72,065	1,03,740
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
59,000	6,37,980	1,17,250	29,666
55,600	1,81,090	1,15,325	91,846
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
56,900	86,380	-9,695	10,855
52,000	92,225	-7,735	283
Top CALL Volume:
Strike	OI	OI Change	Volume
56,000	9,78,005	72,065	1,03,740
55,600	1,81,090	1,15,325	91,846
Top PUT Open Interest:
Strike	OI	OI Change	Volume
57,000	14,04,270	-14,315	12,791
56,000	9,34,535	-5,040	57,769
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
51,500	2,76,640	1,39,755	15,996
55,500	6,31,050	1,22,920	1,17,499
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
56,500	3,00,020	-26,880	9,099
56,200	73,430	-20,510	5,081
Top PUT Volume:
Strike	OI	OI Change	Volume
55,500	6,31,050	1,22,920	1,17,499
55,600	1,89,105	96,985	1,06,369

FINNIFTY Monthly Expiry (28/08/2025)

The FINNIFTY index closed at 26476.6. The FINNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.800 against previous 1.271. The 27000CE option holds the maximum open interest, followed by the 26800CE and 26000PE options. Market participants have shown increased interest with significant open interest additions in the 26800CE option, with open interest additions also seen in the 26500CE and 27000CE options. On the other hand, open interest reductions were prominent in the 26000PE, 26200PE, and 26650CE options. Trading volume was highest in the 26800CE option, followed by the 27000CE and 26500CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,476.60	0.800	1.271	0.648
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,88,020	2,72,740	2,15,280
PUT:	3,90,390	3,46,775	43,615
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,000	85,215	22,230	5,113
26,800	82,550	66,820	12,720
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,800	82,550	66,820	12,720
26,500	51,805	29,770	4,451
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,650	4,550	-4,485	641
30,000	12,935	-2,665	198
Top CALL Volume:
Strike	OI	OI Change	Volume
26,800	82,550	66,820	12,720
27,000	85,215	22,230	5,113
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	69,615	-11,050	3,447
26,500	44,785	9,620	4,419
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,450	13,325	12,935	1,798
26,500	44,785	9,620	4,419
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	69,615	-11,050	3,447
26,200	11,960	-6,435	1,250
Top PUT Volume:
Strike	OI	OI Change	Volume
26,500	44,785	9,620	4,419
26,400	10,205	8,645	3,769

MIDCPNIFTY Monthly Expiry (28/08/2025)

The MIDCPNIFTY index closed at 12861.1. The MIDCPNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.238 against previous 1.010. The 12000PE option holds the maximum open interest, followed by the 12500PE and 13500CE options. Market participants have shown increased interest with significant open interest additions in the 12500PE option, with open interest additions also seen in the 13500CE and 13000PE options. On the other hand, open interest reductions were prominent in the 71400PE, 71400PE, and 71400CE options. Trading volume was highest in the 13200CE option, followed by the 12800CE and 13000CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,861.10	1.238	1.010	0.750
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	36,52,040	32,38,480	4,13,560
PUT:	45,20,180	32,71,660	12,48,520
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,500	5,96,400	2,32,960	12,669
13,000	5,02,740	69,720	14,857
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,500	5,96,400	2,32,960	12,669
13,000	5,02,740	69,720	14,857
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
12,800	1,78,080	-57,120	16,422
12,750	43,680	-31,360	5,190
Top CALL Volume:
Strike	OI	OI Change	Volume
13,200	2,17,840	-11,060	18,088
12,800	1,78,080	-57,120	16,422
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	7,34,300	-11,620	8,639
12,500	6,46,660	2,34,640	9,970
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,500	6,46,660	2,34,640	9,970
13,000	4,02,500	1,63,520	3,296
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,000	7,34,300	-11,620	8,639
12,150	6,580	-3,920	116
Top PUT Volume:
Strike	OI	OI Change	Volume
12,700	1,81,860	1,09,200	13,617
12,800	2,09,020	77,140	11,171

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

This session’s Open Interest Volume Analysis signals a shift from aggressive selling to a more measured, range-bound setup. For Nifty, the 24,700–24,900 zone is crucial—if the index holds this area, expect more short covering and a possible push to 25,000 where calls are crowded. Bulls should stay nimble, as any turn below 24,700 might see new shorts returning and downside support tested near 24,500. BankNifty’s data supports a gradual turn as well; as long as spot holds 55,600 and OI rises on up days, the stage is set for more upside attempts. Caution is still warranted in FINNIFTY, while midcaps could see more tactical buying if short covering persists. Going forward, let this Open Interest Volume Analysis be your guide—stick to options and hedged trades around key OI zones, and stay adaptable as the index finds its footing in the early days of this new expiry series.

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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