NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 1/07/2025

The NSE & BSE Indices Open Interest Volume Analysis on 1st July 2025 reveals strategic positioning amid consolidation, with Nifty July futures edging up 0.11% to 25,643.30 despite a -52.3% volume drop mainly due to out-performance from heavyweight RELIANCE, as open interest inched higher (+0.9%) and premiums expanded (+4.35 points). BankNifty futures held firm at 57,689.60 (+0.24%) with a 2.2% OI buildup, signaling institutional accumulation despite premium contraction. Critical levels emerged from options data: Nifty’s weekly max pain at 25,500 and put wall at 25,500 (highest PUT OI) formed robust support, while monthly resistance clustered at 26,000 (call OI). This Open Interest Volume Analysis—divergent sectoral OI trends, PCR resilience (1.239 monthly), and SENSEX’s explosive 125% OI surge—hints at a coiled spring for directional breakout.

NSE & BSE F&O Market Signals

NIFTY JULY Future

NIFTY Spot closed at: 25,541.80 (0.10%)

NIFTY JULY Future closed at: 25,643.30 (0.11%)

Premium: 101.5 (Increased by 4.35 points)

Open Interest Change: 0.9%

Volume Change: -52.3%

NIFTY Weekly Expiry (3/07/2025) Option Analysis

Put-Call Ratio (OI): 0.736 (Increased from 0.642)

Put-Call Ratio (Volume): 0.913

Max Pain Level: 25500

Maximum CALL OI: 26000

Maximum PUT OI: 25500

Highest CALL Addition: 26000

Highest PUT Addition: 25500

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

Put-Call Ratio (OI): 1.239 (Decreased from 1.250)

Put-Call Ratio (Volume): 1.221

Max Pain Level: 25400

Maximum CALL OI: 26000

Maximum PUT OI: 25000

Highest CALL Addition: 27000

Highest PUT Addition: 24700

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 57,459.45 (0.26%)

BANKNIFTY JULY Future closed at: 57,689.60 (0.24%)

Premium: 230.15 (Decreased by -10.7 points)

Open Interest Change: 2.2%

Volume Change: -4.9%

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

Put-Call Ratio (OI): 1.091 (Increased from 0.998)

Put-Call Ratio (Volume): 1.113

Max Pain Level: 57000

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 59000

Highest PUT Addition: 57500

FINNIFTY JULY Future

FINNIFTY Spot closed at: 27,124.20 (-0.18%)

FINNIFTY JULY Future closed at: 27,252.00 (-0.19%)

Premium:  127.8 (Decreased by -0.55 points)

Open Interest Change: 1.0%

Volume Change: -51.1%

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

Put-Call Ratio (OI): 1.017 (Increased from 0.773)

Put-Call Ratio (Volume): 1.024

Max Pain Level: 27200

Maximum CALL OI: 28000

Maximum PUT OI: 25000

Highest CALL Addition: 27500

Highest PUT Addition: 25000

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,416.15 (-0.13%)

MIDCPNIFTY JULY Future closed at: 13,487.30 (-0.01%)

Premium: 71.15 (Increased by 16.75 points)

Open Interest Change: -8.2%

Volume Change: -1.7%

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

Put-Call Ratio (OI): 0.950 (Decreased from 1.087)

Put-Call Ratio (Volume): 0.927

Max Pain Level: 13400

Maximum CALL OI: 14000

Maximum PUT OI: 13000

Highest CALL Addition: 14500

Highest PUT Addition: 11000

SENSEX Weekly Expiry (8/07/2025) Future

SENSEX Spot closed at: 83,697.29 (0.11%)

SENSEX Weekly Future closed at: 83,774.75 (0.09%)

Premium: 77.46 (Decreased by -19.03 points)

Open Interest Change: 125.0%

Volume Change: 87.4%

SENSEX Weekly Expiry (8/07/2025) Option Analysis

Put-Call Ratio (OI): 0.765 (Increased from 0.678)

Put-Call Ratio (Volume): 0.756

Max Pain Level: 83600

Maximum CALL OI: 86000

Maximum PUT OI: 81000

Highest CALL Addition: 86500

Highest PUT Addition: 81000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,970.14 Cr
DIIs Net BUY: ₹ 771.08 Cr

FII Derivatives Activity

FII Trading Stats	1.07.25	30.06.25	27.06.25
FII Cash (Provisional Data)	-1,970.14	-831.5	1,397.02
Index Future Open Interest Long Ratio	36.66%	36.40%	38.44%
Index Future Volume Long Ratio	48.81%	43.67%	52.75%
Call Option Open Interest Long Ratio	51.94%	49.75%	53.22%
Call Option Volume Long Ratio	50.41%	49.57%	49.65%
Put Option Open Interest Long Ratio	58.02%	51.13%	52.71%
Put Option Volume Long Ratio	51.21%	49.79%	49.60%
Stock Future Open Interest Long Ratio	64.22%	64.47%	64.91%
Stock Future Volume Long Ratio	47.69%	44.77%	51.89%
Index Futures	Fresh Short	Long Covering	Fresh Long
Index Options	Fresh Long	Fresh Short	Fresh Short
Nifty Futures	Fresh Short	Long Covering	Fresh Long
Nifty Options	Fresh Long	Fresh Short	Fresh Short
BankNifty Futures	Fresh Short	Fresh Short	Fresh Long
BankNifty Options	Fresh Long	Fresh Short	Fresh Long
FinNifty Futures	Fresh Short	Long Covering	Long Covering
FinNifty Options	Short Covering	Fresh Short	Fresh Long
MidcpNifty Futures	Short Covering	Fresh Short	Long Covering
MidcpNifty Options	Fresh Long	Fresh Short	Fresh Short
NiftyNxt50 Futures	Short Covering	Long Covering	Fresh Short
NiftyNxt50 Options	Short Covering	Fresh Long	Fresh Short
Stock Futures	Fresh Short	Long Covering	Fresh Long
Stock Options	Fresh Short	Fresh Long	Fresh Short

NSE & BSE Option market Trends : Options Insights

NIFTY weekly Expiry (03/07/2025)

The NIFTY index closed at 25541.8. The NIFTY weekly expiry for JULY 3, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.736 against previous 0.642. The 26000CE option holds the maximum open interest, followed by the 25600CE and 26500CE options. Market participants have shown increased interest with significant open interest additions in the 25500PE option, with open interest additions also seen in the 25400PE and 24800PE options. On the other hand, open interest reductions were prominent in the 22800PE, 23000PE, and 26500CE options. Trading volume was highest in the 25500PE option, followed by the 25600CE and 25500CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	03-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,541.80	0.736	0.642	0.913
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	18,64,27,125	18,22,74,600	41,52,525
PUT:	13,72,50,300	11,69,89,425	2,02,60,875
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,48,38,900	25,08,000	12,96,700
25,600	1,23,70,200	20,72,100	26,60,627
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	1,48,38,900	25,08,000	12,96,700
25,600	1,23,70,200	20,72,100	26,60,627
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	1,23,63,900	-10,65,000	7,75,226
26,400	49,15,425	-8,94,450	4,65,229
Top CALL Volume:
Strike	OI	OI Change	Volume
25,600	1,23,70,200	20,72,100	26,60,627
25,500	85,56,375	5,10,600	22,66,720
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,500	1,11,14,850	36,63,450	26,95,525
25,000	84,66,450	6,19,350	8,34,690
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,500	1,11,14,850	36,63,450	26,95,525
25,400	74,91,225	28,32,600	12,85,966
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,800	70,10,325	-19,83,450	3,60,636
23,000	15,17,250	-12,55,200	1,14,007
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	1,11,14,850	36,63,450	26,95,525
25,550	39,29,475	19,79,100	18,34,079

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25541.8. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.239 against previous 1.250. The 25000PE option holds the maximum open interest, followed by the 26000CE and 24000PE options. Market participants have shown increased interest with significant open interest additions in the 24700PE option, with open interest additions also seen in the 24300PE and 27000CE options. On the other hand, open interest reductions were prominent in the 25500CE, 24500PE, and 23500PE options. Trading volume was highest in the 25500PE option, followed by the 26000CE and 25500CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,541.80	1.239	1.250	1.221
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,51,18,675	3,48,76,800	2,41,875
PUT:	4,35,25,875	4,35,85,200	-59,325
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	42,04,575	-3,150	30,905
26,500	34,94,925	-36,825	22,713
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,000	14,55,000	62,250	20,515
27,400	84,150	60,975	1,429
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	26,60,850	-2,39,325	27,624
25,600	11,13,600	-83,850	17,069
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	42,04,575	-3,150	30,905
25,500	26,60,850	-2,39,325	27,624
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	66,57,900	53,325	23,245
24,000	35,23,950	46,275	17,670
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,700	8,73,150	98,100	5,118
24,300	4,48,275	66,975	3,553
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,500	34,95,975	-1,65,225	19,367
23,500	16,27,350	-1,06,050	8,236
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	28,92,600	6,000	31,332
25,000	66,57,900	53,325	23,245

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 57459.45. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.091 against previous 0.998. The 56000PE option holds the maximum open interest, followed by the 56000CE and 57000PE options. Market participants have shown increased interest with significant open interest additions in the 57500PE option, with open interest additions also seen in the 52000PE and 53000PE options. On the other hand, open interest reductions were prominent in the 54500PE, 57000CE, and 57400CE options. Trading volume was highest in the 57500CE option, followed by the 57500PE and 57000PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
57,459.45	1.091	0.998	1.113
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,29,14,300	1,20,79,340	8,34,960
PUT:	1,40,86,800	1,20,55,129	20,31,671
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	14,19,775	525	3,845
60,000	9,07,690	37,975	41,107
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
59,000	7,90,265	1,25,090	35,722
58,000	8,99,045	91,770	50,999
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
57,000	7,28,560	-39,375	27,961
57,400	1,65,725	-21,245	55,092
Top CALL Volume:
Strike	OI	OI Change	Volume
57,500	6,90,340	45,500	95,220
57,400	1,65,725	-21,245	55,092
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	21,18,165	76,580	42,560
57,000	12,04,315	82,145	65,502
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
57,500	6,08,860	1,77,415	81,805
52,000	5,49,815	1,34,715	24,143
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
54,500	2,84,585	-48,230	15,443
54,000	5,78,340	-12,005	26,332
Top PUT Volume:
Strike	OI	OI Change	Volume
57,500	6,08,860	1,77,415	81,805
57,000	12,04,315	82,145	65,502

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 27124.2. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 1.017 against previous 0.773. The 28000CE option holds the maximum open interest, followed by the 25000PE and 27500CE options. Market participants have shown increased interest with significant open interest additions in the 25000PE option, with open interest additions also seen in the 27500CE and 26000PE options. On the other hand, open interest reductions were prominent in the 29000CE, 25500PE, and 27250PE options. Trading volume was highest in the 27500CE option, followed by the 28000CE and 27000PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
27,124.20	1.017	0.773	1.024
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,24,775	4,08,135	16,640
PUT:	4,32,185	3,15,380	1,16,805
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,000	88,595	-2,275	2,096
27,500	45,110	20,410	2,248
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,500	45,110	20,410	2,248
27,100	18,395	11,375	1,552
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
29,000	43,875	-17,810	806
28,300	8,905	-2,470	180
Top CALL Volume:
Strike	OI	OI Change	Volume
27,500	45,110	20,410	2,248
28,000	88,595	-2,275	2,096
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	50,050	21,580	1,306
27,000	42,965	11,635	1,986
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	50,050	21,580	1,306
26,000	31,460	16,900	1,115
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	24,570	-3,640	447
27,250	12,545	-2,925	392
Top PUT Volume:
Strike	OI	OI Change	Volume
27,000	42,965	11,635	1,986
27,100	25,480	13,520	1,802

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13416.15. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.950 against previous 1.087. The 14000CE option holds the maximum open interest, followed by the 13500CE and 13000PE options. Market participants have shown increased interest with significant open interest additions in the 14500CE option, with open interest additions also seen in the 14200CE and 13900CE options. On the other hand, open interest reductions were prominent in the 75000CE, 75000CE, and 75000CE options. Trading volume was highest in the 14000CE option, followed by the 13500CE and 13400PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,416.15	0.950	1.087	0.927
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	36,14,520	32,68,720	3,45,800
PUT:	34,33,640	35,52,920	-1,19,280
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	6,41,340	-1,15,920	11,903
13,500	6,23,420	-24,920	11,790
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
14,500	4,99,940	86,800	5,359
14,200	1,58,760	75,740	3,424
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
14,000	6,41,340	-1,15,920	11,903
13,400	2,06,360	-60,200	8,672
Top CALL Volume:
Strike	OI	OI Change	Volume
14,000	6,41,340	-1,15,920	11,903
13,500	6,23,420	-24,920	11,790
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	5,82,260	-6,580	7,428
12,000	4,56,680	12,460	1,665
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
11,000	2,39,960	71,540	1,006
12,600	60,340	37,520	893
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
10,500	1,42,660	-70,140	989
13,500	2,19,520	-58,940	7,489
Top PUT Volume:
Strike	OI	OI Change	Volume
13,400	2,15,180	-51,100	11,097
13,500	2,19,520	-58,940	7,489

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

The 1st July F&O data underscores tactical accumulation: Nifty’s 25,500–25,400 support zone (aligned with max pain) and 26,000 call wall suggest resistance, demanding a close above 25,700 to confirm upside. Fall in monthly PCR showing CALL built-up at higher levels. BankNifty’s 57,000 max pain and FINNIFTY’s 27,200 base favor financial leadership, while MIDCPNIFTY’s 13,400 support and SENSEX’s 83,600 PCR rebound (0.765) offer selective opportunities. Traders should deploy 25,500 straddles and 57,500 BankNifty strangles. As earnings season nears, this Open Interest Volume Analysis—OI distribution, premium trends, and max pain clusters—will dictate whether consolidation fuels a breakout or invites profit-booking volatility.

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