NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 14/08/2026

If you’re looking at the markets today and wondering why the major indices are acting a bit sluggish, our latest Open Interest Volume Analysis for August 14, 2026, reveals exactly what the smart money is up to. Across the board, we are seeing a cautious-to-bearish undertone, but the devil is always in the details. Here’s the quick rundown of what our deep dive uncovered before you plan your next move:

Nifty & Midcap Fresh Shorts: Both NIFTY and MIDCPNIFTY are showing clear signs of fresh short buildups. Even though NIFTY premiums slightly increased, the rising combined Open Interest (up 1.43%) alongside dropping prices tells us bears are actively initiating new negative positions rather than just booking profits.

BankNifty’s Bearish Grip: The banking index isn’t giving the bulls any comfort. With August futures shedding premium (down 21.45 points) and a massive 61.55% volume spike in September futures accompanied by fresh shorts, sentiment is tilted heavily toward the downside.

Sensex Long Unwinding: Over on the SENSEX, our Open Interest Volume Analysis flags clear long covering. With a massive 85.67% drop in volume and negative OI change as prices dipped, it’s obvious that weaker bulls are throwing in the towel and closing their positions rather than rolling them over.

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 24366 (-0.122%)

Combined = August + September + October

Combined Fut Open Interest Change: 1.43%

Combined Fut Volume Change: 21.15%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 15% Previous 14%

NIFTY AUGUST Future closed at: 24449.6 (-0.075%)

Aug Fut Premium 83.6 (Increased by 11.45 points)

Aug Fut Open Interest Change: 0.13%

Aug Fut Volume Change: 16.22%

Aug Fut Open Interest Analysis: Fresh Short

NIFTY SEPTEMBER Future closed at: 24587 (-0.061%)

Sep Fut Premium 221 (Increased by 14.85 points)

Sep Fut Open Interest Change: 10.81%

Sep Fut Volume Change: 45.95%

Sep Fut Open Interest Analysis: Fresh Short

NIFTY Weekly Expiry (18/08/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.884 (Increased from 0.776)

Put-Call Ratio (Volume): 0.985

Max Pain Level: 24400

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24350

Highest PUT Addition: 24300

NIFTY Monthly Expiry (25/08/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.003 (Decreased from 1.006)

Put-Call Ratio (Volume): 0.782

Max Pain Level: 24450

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 26000

Highest PUT Addition: 23000

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 57491.1 (-0.250%)

Combined = August + September + October

Combined Fut Open Interest Change: 0.59%

Combined Fut Volume Change: 58.30%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 10% Previous 9%

BANKNIFTY AUGUST Future closed at: 57695.8 (-0.286%)

Aug Fut Premium 204.7 (Decreased by -21.45 points)

Aug Fut Open Interest Change: -0.1%

Aug Fut Volume Change: 58.1%

Aug Fut Open Interest Analysis: Long Covering

BANKNIFTY SEPTEMBER Future closed at: 58053 (-0.275%)

Sep Fut Premium 561.9 (Decreased by -15.85 points)

Sep Fut Open Interest Change: 6.35%

Sep Fut Volume Change: 61.55%

Sep Fut Open Interest Analysis: Fresh Short

BANKNIFTY Monthly Expiry  (25/08/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.783 (Decreased from 0.862)

Put-Call Ratio (Volume): 0.881

Max Pain Level: 57800

Maximum CALL Open Interest: 58000

Maximum PUT Open Interest: 58000

Highest CALL Addition: 60000

Highest PUT Addition: 56000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14971.75 (-0.706%)

Combined = August + September + October

Combined Fut Open Interest Change: 0.36%

Combined Fut Volume Change: -26.51%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 6% Previous 6%

MIDCPNIFTY AUGUST Future closed at: 15010.55 (-0.431%)

Aug Fut Premium 38.8 (Increased by 41.4 points)

Aug Fut Open Interest Change: 0.18%

Aug Fut Volume Change: -6.77%

Aug Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY SEPTEMBER Future closed at: 15068.45 (-0.393%)

Sep Fut Premium 96.7 (Increased by 46.9 points)

Sep Fut Open Interest Change: 3.78%

Sep Fut Volume Change: -75.07%

Sep Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY Monthly Expiry (25/08/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.002 (Decreased from 1.055)

Put-Call Ratio (Volume): 0.947

Max Pain Level: 15000

Maximum CALL Open Interest: 15500

Maximum PUT Open Interest: 15000

Highest CALL Addition: 15000

Highest PUT Addition: 14500

SENSEX Monthly Expiry (27/08/2026) Future

SENSEX Spot closed at: 78,009.25 (-0.091%)

SENSEX Monthly Future closed at: 78,296.55 (-0.011%)

Premium: 287.3 (Increased by 61.96 points)

Open Interest Change: -0.54%

Volume Change: -85.67%

Open Interest Analysis: Long Covering

SENSEX Weekly Expiry (20/08/2026) Option Analysis

Put-Call Ratio (OI): 0.993 (Increased from 0.839)

Put-Call Ratio (Volume): 0.984

Max Pain Level: 78000

Maximum CALL OI: 80000

Maximum PUT OI: 78000

Highest CALL Addition: 81000

Highest PUT Addition: 75000

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 508.12 Cr.

DIIs Net BUY: ₹ 356.40 Cr.

FII Derivatives Activity

FII Trading Stats	14.08.26	13.08.26	12.08.26
FII Cash (Provisional Data)	508.12	-510.69	-1,002.50
Index Future Open Interest Long Ratio	11.21%	12.29%	12.51%
Index Future Volume Long Ratio	26.07%	36.03%	34.92%
Call Option Open Interest Long Ratio	39.76%	38.38%	39.96%
Call Option Volume Long Ratio	50.12%	49.15%	49.56%
Put Option Open Interest Long Ratio	67.11%	68.01%	70.37%
Put Option Volume Long Ratio	50.24%	49.65%	50.19%
Stock Future Open Interest Long Ratio	54.84%	54.89%	54.86%
Stock Future Volume Long Ratio	49.48%	50.52%	50.72%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Fresh Long	Fresh Short	Fresh Short
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Fresh Long	Fresh Short	Fresh Short
BankNifty Futures	Long Covering	Long Covering	Fresh Long
BankNifty Options	Fresh Short	Fresh Short	Fresh Long
FinNifty Futures	Fresh Short	Fresh Short	Fresh Short
FinNifty Options	Fresh Long	Fresh Short	Fresh Short
MidcpNifty Futures	Fresh Long	Fresh Long	Fresh Long
MidcpNifty Options	Long Covering	Fresh Long	Fresh Long
NiftyNxt50 Futures	Fresh Long	Fresh Short	Fresh Short
NiftyNxt50 Options	Fresh Short	Fresh Long	Fresh Long
Stock Futures	Long Covering	Fresh Long	Short Covering
Stock Options	Fresh Short	Fresh Short	Fresh Short

NSE & BSE Option market Trends : Options Insights

SENSEX weekly Expiry (20/08/2026)

The SENSEX index closed at 78009.25. The SENSEX weekly expiry for AUGUST 20, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.993 against previous 0.839. The 78000PE option holds the maximum open interest, followed by the 75000PE and 80000CE options. Market participants have shown increased interest with significant open interest additions in the 75000PE option, with open interest additions also seen in the 77700PE and 77800PE options. On the other hand, open interest reductions were prominent in the 79000PE, 73000CE, and 73000CE options. Trading volume was highest in the 77800PE option, followed by the 78000CE and 78000PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	20-08-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
78009.25	0.993	0.839	0.984
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	88,34,300	50,74,060	37,60,240
PUT:	87,68,300	42,55,260	45,13,040
Top CALL Open Interest:
Strike	OI	OI Change	Volume
80000	7,45,080	2,08,680	66,11,320
78000	6,96,260	1,55,480	1,69,93,180
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
81000	6,00,400	2,66,860	38,03,300
80500	4,74,460	2,47,320	29,84,500
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
–	–	–	–
–	–	–	–
Top CALL Volume:
Strike	OI	OI Change	Volume
78000	6,96,260	1,55,480	1,69,93,180
77800	2,35,340	37,720	1,18,93,360
Top PUT Open Interest:
Strike	OI	OI Change	Volume
78000	7,84,480	2,68,280	1,55,72,440
75000	7,64,440	3,45,020	32,92,380
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
75000	7,64,440	3,45,020	32,92,380
77700	3,97,400	3,27,660	1,21,14,060
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
79000	69,860	-1,700	1,23,900
80300	300	–	–
Top PUT Volume:
Strike	OI	OI Change	Volume
77800	5,17,680	2,69,120	1,96,20,400
78000	7,84,480	2,68,280	1,55,72,440

NIFTY Weekly Expiry (18/08/2026)

The NIFTY index closed at 24366. The NIFTY weekly expiry for AUGUST 18, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.884 against previous 0.776. The 25000CE option holds the maximum open interest, followed by the 24000PE and 24500CE options. Market participants have shown increased interest with significant open interest additions in the 24300PE option, with open interest additions also seen in the 24350PE and 24000PE options. On the other hand, open interest reductions were prominent in the 26000CE, 25000CE, and 25900CE options. Trading volume was highest in the 24300PE option, followed by the 24350PE and 24400CE options, indicating active trading in these strikes.
 

NIFTY	Weekly	Expiry:	18-08-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,366.00	0.884	0.776	0.985
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	15,09,86,550	14,82,33,150	27,53,400
PUT:	13,35,20,465	11,50,12,950	1,85,07,515
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,15,80,660	-15,56,425	16,43,293
24,500	1,12,62,290	7,95,080	30,54,132
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,350	40,20,770	16,71,085	40,09,306
24,400	81,04,785	10,77,570	45,45,329
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	39,43,745	-27,66,140	2,24,992
25,000	1,15,80,660	-15,56,425	16,43,293
Top CALL Volume:
Strike	OI	OI Change	Volume
24,400	81,04,785	10,77,570	45,45,329
24,350	40,20,770	16,71,085	40,09,306
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	1,14,07,240	17,75,800	13,72,477
24,300	1,02,04,935	24,14,815	55,67,965
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,300	1,02,04,935	24,14,815	55,67,965
24,350	67,96,465	23,12,765	49,30,438
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,900	44,13,175	-6,65,340	8,42,230
24,500	37,34,965	-6,58,645	13,48,119
Top PUT Volume:
Strike	OI	OI Change	Volume
24,300	1,02,04,935	24,14,815	55,67,965
24,350	67,96,465	23,12,765	49,30,438

NIFTY Monthly Expiry (25/08/2026)

The NIFTY index closed at 24366. The NIFTY monthly expiry for AUGUST 25, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.003 against previous 1.006. The 24000PE option holds the maximum open interest, followed by the 25000CE and 24500CE options. Market participants have shown increased interest with significant open interest additions in the 26000CE option, with open interest additions also seen in the 24400CE and 23000PE options. On the other hand, open interest reductions were prominent in the 24100CE, 25300CE, and 23300PE options. Trading volume was highest in the 25000CE option, followed by the 24500CE and 24000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	25-08-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,366.00	1.003	1.006	0.782
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	7,48,85,980	6,79,26,885	69,59,095
PUT:	7,51,10,295	6,83,31,380	67,78,915
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	88,21,410	3,01,470	2,35,059
24,500	80,10,210	5,41,840	1,69,124
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	56,23,020	11,06,755	44,804
24,400	32,29,525	7,93,910	1,40,538
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,100	11,39,580	-2,56,295	11,147
25,300	13,63,700	-2,38,875	73,970
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	88,21,410	3,01,470	2,35,059
24,500	80,10,210	5,41,840	1,69,124
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	96,54,190	6,46,685	1,50,414
24,500	61,69,540	87,490	91,958
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,000	39,97,110	7,89,295	53,821
24,000	96,54,190	6,46,685	1,50,414
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,300	7,40,480	-2,21,975	29,465
24,600	14,88,305	-93,600	35,682
Top PUT Volume:
Strike	OI	OI Change	Volume
24,000	96,54,190	6,46,685	1,50,414
24,400	33,11,815	6,45,450	1,30,821

BANKNIFTY Monthly Expiry (25/08/2026)

The BANKNIFTY index closed at 57491.1. The BANKNIFTY monthly expiry for AUGUST 25, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.783 against previous 0.862. The 58000CE option holds the maximum open interest, followed by the 60000CE and 59000CE options. Market participants have shown increased interest with significant open interest additions in the 60000CE option, with open interest additions also seen in the 61000CE and 57500CE options. On the other hand, open interest reductions were prominent in the 58000PE, 55000PE, and 57000PE options. Trading volume was highest in the 57500PE option, followed by the 57500CE and 58000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	25-08-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
57,491.10	0.783	0.862	0.881
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,65,14,340	1,50,71,700	14,42,640
PUT:	1,29,36,600	1,29,95,820	-59,220
Top CALL Open Interest:
Strike	OI	OI Change	Volume
58,000	21,63,150	49,620	1,48,362
60,000	17,23,290	1,76,310	59,872
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
60,000	17,23,290	1,76,310	59,872
61,000	8,60,460	1,49,580	31,644
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
60,100	89,880	-37,740	8,732
56,500	1,44,240	-14,880	2,734
Top CALL Volume:
Strike	OI	OI Change	Volume
57,500	7,65,510	1,48,920	1,81,932
58,000	21,63,150	49,620	1,48,362
Top PUT Open Interest:
Strike	OI	OI Change	Volume
58,000	12,33,210	-1,47,030	70,165
57,000	9,50,100	-39,000	96,556
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
56,000	9,46,320	1,29,570	47,202
55,500	3,80,670	59,070	32,475
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
58,000	12,33,210	-1,47,030	70,165
55,000	5,49,780	-64,800	30,947
Top PUT Volume:
Strike	OI	OI Change	Volume
57,500	6,21,720	30	1,87,568
57,000	9,50,100	-39,000	96,556

MIDCPNIFTY Monthly Expiry (25/08/2026)

The MIDCPNIFTY index closed at 14971.75. The MIDCPNIFTY monthly expiry for AUGUST 25, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.002 against previous 1.055. The 15500CE option holds the maximum open interest, followed by the 15000CE and 15000PE options. Market participants have shown increased interest with significant open interest additions in the 14500PE option, with open interest additions also seen in the 15000CE and 15300CE options. On the other hand, open interest reductions were prominent in the 72500CE, 75900PE, and 75900PE options. Trading volume was highest in the 15000PE option, followed by the 15000CE and 15500CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	25-08-2026
Index Spot	PCR OI	Prev PCR OI	PCR VOL
14,971.75	1.002	1.055	0.947
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	67,00,800	63,05,880	3,94,920
PUT:	67,14,000	66,55,560	58,440
Top CALL Open Interest:
Strike	OI	OI Change	Volume
15,500	14,63,760	-7,200	10,807
15,000	10,79,640	1,00,680	20,039
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
15,000	10,79,640	1,00,680	20,039
15,300	2,46,960	71,520	5,259
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
14,800	1,80,960	-20,880	1,740
15,800	1,47,120	-17,280	1,280
Top CALL Volume:
Strike	OI	OI Change	Volume
15,000	10,79,640	1,00,680	20,039
15,500	14,63,760	-7,200	10,807
Top PUT Open Interest:
Strike	OI	OI Change	Volume
15,000	9,22,560	-47,400	22,869
14,500	8,70,840	1,72,080	8,958
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
14,500	8,70,840	1,72,080	8,958
14,200	2,86,560	67,080	3,366
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
15,000	9,22,560	-47,400	22,869
14,900	5,95,080	-36,240	6,735
Top PUT Volume:
Strike	OI	OI Change	Volume
15,000	9,22,560	-47,400	22,869
14,500	8,70,840	1,72,080	8,958

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

So, what’s the final verdict for your trading setup? Based on today’s Open Interest Volume Analysis, the broader market structure is leaning bearish with fresh shorts dominating the system, but we are sitting right on top of some major make-or-break pivot points. Here is your actionable game plan moving forward:

Watch the Max Pain Triggers: For NIFTY, the monthly max pain sits at 24450, while BANKNIFTY is pegged at 57800. This is crucial—sustenance above monthly max pain might bring short-covering, potentially triggering a sharp, sudden rally as those freshly trapped shorts scramble to exit their positions.

Trade the Nifty Boundaries: NIFTY is tightly boxed between 24000 (massive Put OI support) and 25000 (heavy Call OI resistance). Intraday traders should look to fade the rallies near the 24450-24500 zone unless we see a decisive, volume-backed breakout above it.

BankNifty Caution: With the BankNifty monthly Put-Call Ratio dropping to a bearish 0.78 and massive Call writing sitting heavily at 60000, the upside looks strictly capped. A “sell-on-rise” strategy remains the safest bet here until the index firmly reclaims the 58000 level.

Midcap & Sensex Strategy: MIDCPNIFTY is hugging its immediate max pain support at 15000, but aggressive Call additions exactly at 15000 suggest writers expect this level to break. Meanwhile, SENSEX traders should watch the 78000 straddle closely; any breakdown below 78000 will quickly accelerate the ongoing long unwinding.

Keep your position sizes strictly managed. The current Open Interest Volume Analysis clearly shows institutional players are building short inventory, so respect the resistance levels and don’t try to catch a falling knife without a strict stop-loss!

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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