NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 1/09/2026

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Open Interest Volume Analysis

Welcome back to the trading desk, everyone! If you are looking at your screens today, September 1, 2026, and wondering why the markets are feeling so heavy, the derivative data holds the exact answers.

Diving straight into our daily Open Interest Volume Analysis, we are witnessing a rare and aggressive alignment across the entire market—the bears are completely in the driver’s seat.

Unlike previous sessions where we saw a mixed bag, today’s data screams “Fresh Shorts” across all four major indices: NIFTY, BANKNIFTY, MIDCPNIFTY, and SENSEX.

When institutional players build fresh short positions with rising volumes and crushing premiums simultaneously, it’s a massive red flag for the bulls. Let’s break down exactly what this synchronized sell-off means for your upcoming trades and where the smart money is hiding!

NSE & BSE F&O Market Signals

NIFTY Future analysis

NIFTY Spot closed at: 24055.8 (-0.102%)

Combined = September + October + November

Combined Fut Open Interest Change: 2.77%

Combined Fut Volume Change: 26.86%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 11% Previous 10%

NIFTY SEPTEMBER Future closed at: 24090.3 (-0.664%)

Sep Fut Premium 34.5 (Decreased by -136.5 points)

Sep Fut Open Interest Change: 2.06%

Sep Fut Volume Change: 25.28%

Sep Fut Open Interest Analysis: Fresh Short

NIFTY OCTOBER Future closed at: 24189.3 (-0.733%)

Oct Fut Premium 133.5 (Decreased by -154 points)

Oct Fut Open Interest Change: 7.41%

Oct Fut Volume Change: 34.21%

Oct Fut Open Interest Analysis: Fresh Short

NIFTY Weekly Expiry (08/09/2026) Option Analysis

Put-Call Ratio (Open Interest): 0.863 (Increased from 0.804)

Put-Call Ratio (Volume): 1.058

Max Pain Level: 24050

Maximum CALL Open Interest: 24100

Maximum PUT Open Interest: 24050

Highest CALL Addition: 24100

Highest PUT Addition: 24050

NIFTY Monthly Expiry (29/09/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.162 (Increased from 1.162)

Put-Call Ratio (Volume): 0.943

Max Pain Level: 24400

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24000

Highest PUT Addition: 23500

BANKNIFTY Future Analysis

BANKNIFTY Spot closed at: 57409.6 (-1.060%)

Combined = September + October + November

Combined Fut Open Interest Change: 1.57%

Combined Fut Volume Change: 57.57%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 8% Previous 7%

BANKNIFTY SEPTEMBER Future closed at: 57586.8 (-0.519%)

Sep Fut Premium 177.2 (Increased by 314.95 points)

Sep Fut Open Interest Change: 0.6%

Sep Fut Volume Change: 65.7%

Sep Fut Open Interest Analysis: Fresh Short

BANKNIFTY OCTOBER Future closed at: 57920.4 (-0.508%)

Oct Fut Premium 510.8 (Increased by 319.55 points)

Oct Fut Open Interest Change: 11.99%

Oct Fut Volume Change: 4.82%

Oct Fut Open Interest Analysis: Fresh Short

BANKNIFTY Monthly Expiry  (29/09/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.054 (Decreased from 1.121)

Put-Call Ratio (Volume): 0.872

Max Pain Level: 57600

Maximum CALL Open Interest: 57500

Maximum PUT Open Interest: 57500

Highest CALL Addition: 58000

Highest PUT Addition: 55000

MIDCPNIFTY Future Analysis

MIDCPNIFTY Spot closed at: 14813.35 (-1.432%)

Combined = September + October + November

Combined Fut Open Interest Change: 4.94%

Combined Fut Volume Change: -17.64%

Combined Fut Open Interest Analysis: Fresh Short

Rollover: 2% Previous 2%

MIDCPNIFTY SEPTEMBER Future closed at: 14814.3 (-1.028%)

Sep Fut Premium 0.95 (Increased by 61.35 points)

Sep Fut Open Interest Change: 4.87%

Sep Fut Volume Change: -17.93%

Sep Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY OCTOBER Future closed at: 14874.6 (-1.050%)

Oct Fut Premium 61.25 (Increased by 57.45 points)

Oct Fut Open Interest Change: 4.92%

Oct Fut Volume Change: -13.95%

Oct Fut Open Interest Analysis: Fresh Short

MIDCPNIFTY Monthly Expiry (29/09/2026) Option Analysis

Put-Call Ratio (Open Interest): 1.037 (Decreased from 1.089)

Put-Call Ratio (Volume): 0.898

Max Pain Level: 14950

Maximum CALL Open Interest: 15000

Maximum PUT Open Interest: 14000

Highest CALL Addition: 15500

Highest PUT Addition: 14000

SENSEX Monthly Expiry (24/09/2026) Future

SENSEX Spot closed at: 76,944.28 (-0.017%)

SENSEX Monthly Future closed at: 77,222.85 (-0.581%)

Premium: 278.57 (Decreased by -438.46 points)

Open Interest Change: 6.91%

Volume Change: 17.84%

Open Interest Analysis: Fresh Short

SENSEX Weekly Expiry (03/09/2026) Option Analysis

Put-Call Ratio (OI): 0.685 (Decreased from 1.094)

Put-Call Ratio (Volume): 1.001

Max Pain Level: 76900

Maximum CALL OI: 78000

Maximum PUT OI: 76000

Highest CALL Addition: 77000

Highest PUT Addition: 73500

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 1,143.38 Cr.

DIIs Net BUY: ₹ 1,846.94 Cr.

FII Derivatives Activity

FII Trading Stats1.09.2631.08.2628.08.26
FII Cash (Provisional Data)1,143.38-7,985.88-5,039.80
    
Index Future Open Interest Long Ratio9.11%9.39%9.63%
Index Future Volume Long Ratio35.41%38.96%34.26%
Call Option Open Interest Long Ratio38.27%42.58%41.18%
Call Option Volume Long Ratio49.75%50.03%50.33%
Put Option Open Interest Long Ratio76.57%67.24%70.59%
Put Option Volume Long Ratio49.81%49.76%49.72%
Stock Future Open Interest Long Ratio54.34%54.43%54.35%
Stock Future Volume Long Ratio48.55%51.09%51.01%
    
Index FuturesFresh ShortFresh ShortFresh Short
Index OptionsLong CoveringFresh ShortFresh Long
    
Nifty FuturesFresh ShortFresh ShortFresh Short
Nifty OptionsLong CoveringFresh ShortFresh Short
    
BankNifty FuturesFresh ShortShort CoveringFresh Short
BankNifty OptionsFresh LongFresh LongShort Covering
    
FinNifty FuturesFresh ShortShort CoveringFresh Short
FinNifty OptionsFresh ShortFresh LongFresh Long
    
MidcpNifty FuturesFresh ShortShort CoveringShort Covering
MidcpNifty OptionsLong CoveringFresh ShortFresh Short
    
NiftyNxt50 FuturesShort CoveringLong CoveringLong Covering
NiftyNxt50 OptionsFresh LongFresh LongFresh Long
    
Stock FuturesLong CoveringFresh LongFresh Long
Stock OptionsFresh ShortFresh ShortFresh Long

SENSEX weekly Expiry (3/09/2026)

The SENSEX index closed at 76944.28. The SENSEX weekly expiry for SEPTEMBER 3, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.685 against previous 1.094. The 78000CE option holds the maximum open interest, followed by the 77000CE and 80000CE options. Market participants have shown increased interest with significant open interest additions in the 77000CE option, with open interest additions also seen in the 78000CE and 80000CE options. On the other hand, open interest reductions were prominent in the 72000PE, 77000PE, and 76900PE options. Trading volume was highest in the 77000CE option, followed by the 77000PE and 76700PE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:03-09-2026
Index SpotPCR OIPrev PCR OIPCR VOL
76944.280.6851.0941.001
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:  2,85,04,660    1,17,01,880        1,68,02,780
PUT:  1,95,36,400    1,27,96,720           67,39,680
Top CALL Open Interest:
StrikeOIOI ChangeVolume
78000      21,04,440        11,97,880        1,94,81,320
77000      19,99,760        13,55,840        3,87,43,400
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
77000      19,99,760        13,55,840        3,87,43,400
78000      21,04,440        11,97,880        1,94,81,320
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
83200              9,200              -9,220                 66,060
84000            70,880              -8,640              7,18,600
Top CALL Volume:
StrikeOIOI ChangeVolume
77000      19,99,760        13,55,840        3,87,43,400
77200      12,28,080          7,85,020        2,30,99,020
Top PUT Open Interest:
StrikeOIOI ChangeVolume
76000      13,56,520          6,98,320        1,89,48,740
75000      12,52,120          4,08,220           83,34,960
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
73500      12,16,500          9,41,600           37,38,440
76000      13,56,520          6,98,320        1,89,48,740
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
72000        2,77,780        -2,91,740           26,42,100
77000        6,96,660        -2,63,120        3,80,17,200
Top PUT Volume:
StrikeOIOI ChangeVolume
77000        6,96,660        -2,63,120        3,80,17,200
76700        5,26,800          1,35,260        3,04,73,840

NIFTY Weekly Expiry (8/09/2026)

The NIFTY index closed at 24055.8. The NIFTY weekly expiry for SEPTEMBER 8, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 0.692 against previous 0.921. The 24200CE option holds the maximum open interest, followed by the 25500CE and 24500CE options. Market participants have shown increased interest with significant open interest additions in the 24100CE option, with open interest additions also seen in the 24000CE and 24200CE options. On the other hand, open interest reductions were prominent in the 22650PE, 24450PE, and 26150CE options. Trading volume was highest in the 24000PE option, followed by the 24100CE and 24200CE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:08-09-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,055.80                0.692                  0.921               0.778
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL: 10,42,45,700      4,80,28,825   5,62,16,875
 PUT:    7,21,06,515      4,42,13,325   2,78,93,190
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               24,200       73,94,660         41,89,770         6,24,952
               25,500       73,31,805         38,99,350         3,01,776
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,100       64,20,505         44,57,700         6,36,424
               24,000       57,73,885         43,88,605         5,37,517
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               26,150                2,145                -2,340                   117
               26,050             38,350                         –                     548
 Top CALL Volume:
 Strike OI OI Change Volume
               24,100       64,20,505         44,57,700         6,36,424
               24,200       73,94,660         41,89,770         6,24,952
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               23,500       61,94,760         33,17,860         2,95,300
               24,000       53,50,085         27,47,030         7,09,730
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               23,500       61,94,760         33,17,860         2,95,300
               24,000       53,50,085         27,47,030         7,09,730
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               22,650             97,305              -52,130             12,340
               24,450             91,975                -7,215               2,141
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,000       53,50,085         27,47,030         7,09,730
               24,100       34,65,670         11,89,370         5,49,860

NIFTY Monthly Expiry (29/09/2026)

The NIFTY index closed at 24055.8. The NIFTY monthly expiry for SEPTEMBER 29, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.162 against previous 1.162. 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 23500PE option, with open interest additions also seen in the 24000CE and 24200CE options. On the other hand, open interest reductions were prominent in the 27000CE, 24900CE, and 23750PE options. Trading volume was highest in the 24000PE option, followed by the 24500CE and 23500PE options, indicating active trading in these strikes.

NIFTY Monthly Expiry:29-09-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,055.80                1.162                  1.162               0.943
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    5,60,98,980      5,31,12,750       29,86,230
 PUT:    6,52,14,285      6,16,96,940       35,17,345
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               25,000       65,82,485            2,99,065             66,320
               24,500       56,32,315            3,31,110             94,767
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               24,000       39,46,020            7,97,160             74,751
               24,200       31,31,765            5,89,810             76,990
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               27,000       17,03,065          -1,84,080             12,092
               24,900       11,01,945          -1,51,970             22,914
 Top CALL Volume:
 Strike OI OI Change Volume
               24,500       56,32,315            3,31,110             94,767
               24,200       31,31,765            5,89,810             76,990
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       62,89,410            3,06,930         1,23,938
               23,000       52,05,405            2,56,360             44,921
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               23,500       49,72,500            8,70,415             79,172
               24,200       30,53,310            5,20,065             65,353
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               23,750          1,85,055              -80,795               4,184
               24,250          2,90,550              -71,305               4,233
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,000       62,89,410            3,06,930         1,23,938
               23,500       49,72,500            8,70,415             79,172

BANKNIFTY Monthly Expiry (29/09/2026)

The BANKNIFTY index closed at 57409.6. The BANKNIFTY monthly expiry for SEPTEMBER 29, 2026 has revealed key trends in open interest. The current Put/Call Ratio is at 1.054 against previous 1.121. The 57500CE option holds the maximum open interest, followed by the 57500PE and 58000CE options. Market participants have shown increased interest with significant open interest additions in the 58000CE option, with open interest additions also seen in the 55000PE and 57700CE options. On the other hand, open interest reductions were prominent in the 58000PE, 54000PE, and 57800PE 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:29-09-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         57,409.60                1.054                  1.121               0.872
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    1,24,89,240      1,16,76,810         8,12,430
 PUT:    1,31,63,670      1,30,92,900             70,770
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               57,500       19,56,300               73,170         1,15,571
               58,000       13,59,990            1,17,840         1,06,877
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               58,000       13,59,990            1,17,840         1,06,877
               57,700          3,29,490               77,190             40,003
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               58,300          1,46,310              -30,930             12,726
               58,500          5,93,430              -13,260             46,036
 Top CALL Volume:
 Strike OI OI Change Volume
               57,500       19,56,300               73,170         1,15,571
               58,000       13,59,990            1,17,840         1,06,877
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               57,500       19,41,900               19,920         1,06,231
               58,000          9,74,010              -77,730             54,246
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               55,000          7,04,370               84,150             36,623
               57,700          2,32,380               52,500             35,981
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               58,000          9,74,010              -77,730             54,246
               54,000          5,70,450              -62,010             27,825
 Top PUT Volume: 
 Strike OI OI Change Volume
               57,500       19,41,900               19,920         1,06,231
               57,000          8,37,780               44,520             60,981

MIDCPNIFTY Monthly Expiry (29/09/2026)

The MIDCPNIFTY index closed at 14813.35. The MIDCPNIFTY monthly expiry for SEPTEMBER 29, 2026, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.037 against previous 1.089. The 14000PE option holds the maximum open interest, followed by the 15000CE and 14500PE options. Market participants have shown increased interest with significant open interest additions in the 14000PE option, with open interest additions also seen in the 15500CE and 15000CE options. On the other hand, open interest reductions were prominent in the 67400CE, 67400CE, and 67400PE options. Trading volume was highest in the 15000CE option, followed by the 14000PE and 14900CE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:29-09-2026
 Index Spot PCR OI Prev PCR OI PCR VOL
         14,813.35                1.037                  1.089               0.898
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       37,41,480         33,24,600         4,16,880
 PUT:       38,78,880         36,22,080         2,56,800
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               15,000          5,80,800               79,200               9,818
               15,500          5,29,080               93,360               4,910
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               15,500          5,29,080               93,360               4,910
               15,000          5,80,800               79,200               9,818
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               15,200          2,76,360              -19,680               4,936
               16,000          4,15,200                -6,360               2,088
 Top CALL Volume:
 Strike OI OI Change Volume
               15,000          5,80,800               79,200               9,818
               14,900          2,70,240               65,280               7,264
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               14,000       11,88,840            1,49,040               9,635
               14,500          5,72,880               77,040               6,215
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               14,000       11,88,840            1,49,040               9,635
               14,500          5,72,880               77,040               6,215
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               14,900          2,08,920              -54,000               6,945
               13,500          2,00,520              -19,320               1,594
 Top PUT Volume: 
 Strike OI OI Change Volume
               14,000       11,88,840            1,49,040               9,635
               14,900          2,08,920              -54,000               6,945

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

To wrap up today’s Open Interest Volume Analysis, here is your clear-cut, index-by-index game plan based strictly on the derivative data—and right now, it’s all about capital protection and selling the bounces:

NIFTY (Strict “Sell on Rise”): The data shows clear Fresh Shorts with a significant 26.8% jump in combined volume and a massive crush in September premiums (down 136 points). Actionable Feedback: The 24100 level is now a brick wall, acting as the highest Call addition and Max Call OI. Use any pullback toward 24050-24100 to initiate short positions, keeping a strict stop loss above 24150.

BANKNIFTY (Heavy Bearish Conviction): This is where the bears are hitting the hardest. We saw a colossal 57.5% volume spike accompanying the Fresh Shorts. Actionable Feedback: The 57500 level is the ultimate battleground with equal Max Call and Put OI. If spot prices sustain below 57500, expect a fast slide toward 57000. Avoid going long; look for shorting opportunities near the Max Pain level of 57600.

MIDCPNIFTY (Do Not Catch the Falling Knife): Down 1.4% in the spot market, this index is bleeding with consistent Fresh Shorts in both September and October expiries. Actionable Feedback: The highest call addition at 15500 shows writers are aggressively capping the upside. Do not try to bottom-fish here. The immediate support isn’t visible until the 14000 Put OI base. Sell on minor pullbacks towards 14900.

SENSEX (Aggressive Put Unwinding): The most alarming data point here is the massive plunge in the Put-Call Ratio (PCR) from 1.094 down to 0.685, alongside a massive premium decay of 438 points. Actionable Feedback: Put writers are running for their lives, shifting their additions way down to 73500. Treat 77000 (Highest Call Addition) as your strict stop-loss for short positions, and ride the downward momentum.

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

Disclaimer

fnodata.com is a financial blog providing research-based data and analysis. The content creator of the fnodata.com is not a SEBI registered Investment Advisor. The content on this blog is for informational purposes only and should not be considered as investment advice. You are responsible for your own investment decisions. You should consult with a financial advisor or conduct your own research before making any investment decisions.


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