NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 8/08/2025

The Open Interest Volume Analysis for 8th August 2025 reveals a notable shift toward bearish sentiment as Indian markets continue to face selling pressure amid retreating volumes. Nifty August futures fell nearly 1% to 24,441.10, while open interest inched up 2.9%, indicating fresh short positions building despite a marked decline in trading activity. The substantial drop in the weekly Put-Call Ratio (OI) to 0.48 signals aggressive call writing and underlying caution among bulls, with call open interest clustered near 25,000 and puts gathering around 24,300–24,500—key levels that are likely to govern near-term price action. Monthly options reflect a similar stance, with max pain hovering near 24,900, as traders brace for a possible continuation of the downward trend.

BankNifty also saw a sharp drop, down over 1%, with open interest rising substantially by 11.4%, emphasizing strong new short interest building at the 55,500–57,000 strikes. The Put-Call Ratio decline to 0.71 further confirms growing bearish pressure. FINNIFTY and MIDCPNIFTY followed suit, posting 0.9% and 1.8% declines, respectively, alongside increased open interest, underlining fears of sustained downside in both financials and midcaps. Meanwhile, SENSEX experienced a similar near 1% pullback but with a strong surge of over 21% in open interest, signaling heightened hedging and defensive positioning as price approaches the 80,100 max pain level.

NSE & BSE F&O Market Signals

NIFTY AUGUST Future

NIFTY Spot closed at: 24,363.30 (-0.95%)

NIFTY AUGUST Future closed at: 24,441.10 (-0.94%)

Premium: 77.8 (Increased by 0.55 points)

Open Interest Change: 2.9%

Volume Change: -18.6%

NIFTY Weekly Expiry (14/08/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.476 (Decreased from 1.020)

Put-Call Ratio (Volume): 1.119

Max Pain Level: 24500

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 22800

Highest CALL Addition: 24500

Highest PUT Addition: 24300

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

Put-Call Ratio (Open Interest): 0.936 (Decreased from 0.986)

Put-Call Ratio (Volume): 0.879

Max Pain Level: 24900

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 24500

Highest PUT Addition: 24400

BANKNIFTY AUGUST Future

BANKNIFTY Spot closed at: 55,004.90 (-0.93%)

BANKNIFTY AUGUST Future closed at: 55,166.00 (-1.06%)

Premium: 161.1 (Decreased by -75.35 points)

Open Interest Change: 11.4%

Volume Change: -14.0%

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

Put-Call Ratio (Open Interest): 0.707 (Decreased from 0.796)

Put-Call Ratio (Volume): 1.019

Max Pain Level: 55700

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 57000

Highest CALL Addition: 55500

Highest PUT Addition: 53500

FINNIFTY AUGUST Future

FINNIFTY Spot closed at: 26,167.35 (-0.90%)

FINNIFTY AUGUST Future closed at: 26,242.50 (-1.00%)

Premium:  75.15 (Decreased by -29.85 points)

Open Interest Change: 1.5%

Volume Change: -19.1%

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

Put-Call Ratio (Open Interest): 0.603 (Decreased from 0.683)

Put-Call Ratio (Volume): 0.881

Max Pain Level: 26500

Maximum CALL Open Interest: 26500

Maximum PUT Open Interest: 26500

Highest CALL Addition: 26500

Highest PUT Addition: 26250

MIDCPNIFTY AUGUST Future

MIDCPNIFTY Spot closed at: 12,506.30 (-1.72%)

MIDCPNIFTY AUGUST Future closed at: 12,556.15 (-1.82%)

Premium: 49.85 (Decreased by -14.9 points)

Open Interest Change: 3.3%

Volume Change: -11.8%

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

Put-Call Ratio (Open Interest): 0.840 (Decreased from 1.038)

Put-Call Ratio (Volume): 0.971

Max Pain Level: 12675

Maximum CALL Open Interest: 13000

Maximum PUT Open Interest: 12000

Highest CALL Addition: 13000

Highest PUT Addition: 12600

SENSEX Weekly Expiry (12/08/2025) Future

SENSEX Spot closed at: 79,857.79 (-0.95%)

SENSEX Weekly Future closed at: 79,985.60 (-0.92%)

Premium: 127.81 (Increased by 23.37 points)

Open Interest Change: 21.3%

Volume Change: -10.6%

SENSEX Weekly Expiry (12/08/2025) Option Analysis

Put-Call Ratio (OI): 0.551 (Decreased from 1.108)

Put-Call Ratio (Volume): 1.244

Max Pain Level: 80100

Maximum CALL OI: 81000

Maximum PUT OI: 77000

Highest CALL Addition: 81000

Highest PUT Addition: 77000

FII & DII Cash Market Activity

FIIs Net BUY: ₹ 1,932.81 Cr
DIIs Net BUY: ₹ 7,723.66 Cr

FII Derivatives Activity

FII Trading Stats	8.08.25	7.08.25	6.08.25
FII Cash (Provisional Data)	1,932.81	-4,997.19	-4,999.10
Index Future Open Interest Long Ratio	8.28%	8.59%	8.58%
Index Future Volume Long Ratio	36.17%	42.00%	53.88%
Call Option Open Interest Long Ratio	44.40%	45.57%	46.88%
Call Option Volume Long Ratio	49.47%	50.20%	49.88%
Put Option Open Interest Long Ratio	70.86%	70.48%	66.33%
Put Option Volume Long Ratio	50.40%	49.88%	50.53%
Stock Future Open Interest Long Ratio	61.54%	61.97%	61.94%
Stock Future Volume Long Ratio	46.60%	51.07%	47.92%
Index Futures	Fresh Short	Fresh Short	Short Covering
Index Options	Fresh Short	Short Covering	Fresh Long
Nifty Futures	Fresh Short	Fresh Short	Long Covering
Nifty Options	Fresh Long	Short Covering	Fresh Long
BankNifty Futures	Fresh Short	Fresh Long	Short Covering
BankNifty Options	Fresh Short	Fresh Long	Fresh Short
FinNifty Futures	Long Covering	Long Covering	Fresh Long
FinNifty Options	Fresh Short	Fresh Short	Fresh Short
MidcpNifty Futures	Long Covering	Fresh Short	Fresh Short
MidcpNifty Options	Fresh Short	Short Covering	Fresh Short
NiftyNxt50 Futures	Fresh Short	Fresh Short	Short Covering
NiftyNxt50 Options	Fresh Short	Fresh Long	Long Covering
Stock Futures	Long Covering	Fresh Long	Long Covering
Stock Options	Fresh Long	Fresh Short	Fresh Short

Fresh Long: increase in open interest and increase in price
Fresh Short: increase in open interest and decrease in price
Short Covering: decrease in open interest and increase in price
Long Covering: decrease in open interest and decrease in price

NSE & BSE Option market Trends : Options Insights

NIFTY Weekly Expiry (14/08/2025)

The NIFTY index closed at 24363.3. The NIFTY weekly expiry for AUGUST 14, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.476 against previous 1.020. The 25000CE option holds the maximum open interest, followed by the 24500CE and 24600CE options. Market participants have shown increased interest with significant open interest additions in the 24500CE option, with open interest additions also seen in the 24600CE and 25000CE options. On the other hand, open interest reductions were prominent in the 24600PE, 24650PE, and 24550PE options. Trading volume was highest in the 24400PE option, followed by the 24500PE and 24500CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	14-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,363.30	0.476	1.020	1.119
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	16,96,17,000	6,36,81,300	10,59,35,700
PUT:	8,07,42,750	6,49,62,225	1,57,80,525
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,24,20,075	70,80,075	13,17,263
24,500	1,10,56,050	84,94,350	29,90,671
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,500	1,10,56,050	84,94,350	29,90,671
24,600	1,04,48,850	73,72,875	26,07,479
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,650	1,125	-375	11
23,400	3,375	-300	18
Top CALL Volume:
Strike	OI	OI Change	Volume
24,500	1,10,56,050	84,94,350	29,90,671
24,600	1,04,48,850	73,72,875	26,07,479
Top PUT Open Interest:
Strike	OI	OI Change	Volume
22,800	70,81,875	19,44,675	3,66,840
24,000	56,94,000	10,75,725	16,84,085
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,300	47,12,250	22,17,450	21,34,856
22,800	70,81,875	19,44,675	3,66,840
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,600	21,29,025	-8,21,100	12,82,932
24,650	4,64,925	-5,11,275	3,17,402
Top PUT Volume:
Strike	OI	OI Change	Volume
24,400	38,90,025	3,01,275	40,65,095
24,500	47,86,125	1,59,450	33,76,565

SENSEX Weekly Expiry (12/08/2025)

The SENSEX index closed at 79857.79. The SENSEX weekly expiry for AUGUST 12, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.551 against previous 1.108. The 81000CE option holds the maximum open interest, followed by the 82500CE and 82000CE options. Market participants have shown increased interest with significant open interest additions in the 81000CE option, with open interest additions also seen in the 80500CE and 82500CE options. On the other hand, open interest reductions were prominent in the 80500PE, 80000PE, and 80400PE options. Trading volume was highest in the 80000PE option, followed by the 80100PE and 80500CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	12-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
79857.79	0.551	1.108	1.244
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,63,29,760	1,23,76,849	1,39,52,911
PUT:	1,45,06,140	1,37,09,720	7,96,420
Top CALL Open Interest:
Strike	OI	OI Change	Volume
81000	17,15,960	11,49,260	4,05,21,880
82500	16,29,300	8,16,440	1,18,79,520
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
81000	17,15,960	11,49,260	4,05,21,880
80500	13,91,260	9,51,980	4,36,74,420
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
83900	63,440	-1,00,980	11,06,820
84400	15,100	-19,960	3,06,660
Top CALL Volume:
Strike	OI	OI Change	Volume
80500	13,91,260	9,51,980	4,36,74,420
81000	17,15,960	11,49,260	4,05,21,880
Top PUT Open Interest:
Strike	OI	OI Change	Volume
77000	10,63,840	2,82,880	94,03,460
78000	10,11,000	-63,760	1,55,07,660
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
77000	10,63,840	2,82,880	94,03,460
76500	5,01,620	1,68,320	38,89,100
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
80500	4,76,000	-2,95,980	2,25,31,440
80000	8,48,620	-1,90,560	6,89,73,360
Top PUT Volume:
Strike	OI	OI Change	Volume
80000	8,48,620	-1,90,560	6,89,73,360
80100	3,31,700	69,120	4,47,70,140

NIFTY Monthly Expiry (28/08/2025)

The NIFTY index closed at 24363.3. The NIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.936 against previous 0.986. 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 24500CE option, with open interest additions also seen in the 24400CE and 25000CE options. On the other hand, open interest reductions were prominent in the 26500CE, 26700CE, and 24300PE options. Trading volume was highest in the 24500PE option, followed by the 25000CE and 24000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,363.30	0.936	0.986	0.879
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,41,89,925	3,97,52,100	44,37,825
PUT:	4,13,48,400	3,91,85,700	21,62,700
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	66,03,900	5,17,200	1,06,890
26,000	45,53,850	-5,100	35,195
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,500	25,56,300	9,65,175	94,771
24,400	8,34,975	5,75,400	33,597
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	11,87,925	-1,35,300	10,103
26,700	1,37,100	-58,125	3,070
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	66,03,900	5,17,200	1,06,890
24,500	25,56,300	9,65,175	94,771
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	40,98,375	1,98,075	98,630
24,500	37,29,825	2,98,050	1,09,614
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,400	15,67,575	4,08,450	52,847
25,500	20,82,375	3,36,750	8,234
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,300	13,08,825	-43,725	31,376
24,700	11,49,300	-37,575	17,599
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	37,29,825	2,98,050	1,09,614
24,000	40,98,375	1,98,075	98,630

BANKNIFTY Monthly Expiry (28/08/2025)

The BANKNIFTY index closed at 55004.9. The BANKNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.707 against previous 0.796. The 57000CE 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 55500CE option, with open interest additions also seen in the 55000CE and 56000CE options. On the other hand, open interest reductions were prominent in the 53000PE, 56700PE, and 55700PE options. Trading volume was highest in the 55000PE option, followed by the 55500CE and 55500PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,004.90	0.707	0.796	1.019
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,75,28,140	1,52,04,184	23,23,956
PUT:	1,23,83,665	1,20,95,685	2,87,980
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	22,96,420	1,01,465	90,413
56,000	14,27,335	1,79,795	1,16,186
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
55,500	10,27,390	3,02,470	1,32,470
55,000	5,08,865	2,11,960	61,477
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
60,000	7,17,080	-26,530	18,026
59,500	2,87,210	-14,840	12,304
Top CALL Volume:
Strike	OI	OI Change	Volume
55,500	10,27,390	3,02,470	1,32,470
56,000	14,27,335	1,79,795	1,16,186
Top PUT Open Interest:
Strike	OI	OI Change	Volume
57,000	13,32,590	-19,670	5,655
54,000	9,83,640	49,910	72,557
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
53,500	4,61,265	1,02,480	39,279
55,500	8,47,945	67,095	1,23,088
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
53,000	4,75,090	-40,670	50,311
56,700	33,915	-40,355	2,431
Top PUT Volume:
Strike	OI	OI Change	Volume
55,000	9,33,205	15,050	1,67,042
55,500	8,47,945	67,095	1,23,088

FINNIFTY Monthly Expiry (28/08/2025)

The FINNIFTY index closed at 26167.35. The FINNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.603 against previous 0.683. The 26500CE option holds the maximum open interest, followed by the 27900CE and 26800CE options. Market participants have shown increased interest with significant open interest additions in the 26500CE option, with open interest additions also seen in the 26600CE and 27900CE options. On the other hand, open interest reductions were prominent in the 27000CE, 26000PE, and 26350PE options. Trading volume was highest in the 27000CE option, followed by the 26500CE and 26000PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,167.35	0.603	0.683	0.881
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	10,20,110	8,82,635	1,37,475
PUT:	6,15,225	6,02,940	12,285
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,500	1,56,325	54,210	5,600
27,900	1,26,815	17,680	654
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,500	1,56,325	54,210	5,600
26,600	87,945	27,885	1,889
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,000	78,845	-31,005	6,830
26,850	16,770	-3,705	185
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	78,845	-31,005	6,830
26,500	1,56,325	54,210	5,600
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,500	71,435	715	1,277
26,000	70,330	-16,640	4,711
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,250	17,680	10,140	2,575
25,900	8,840	8,840	264
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	70,330	-16,640	4,711
26,350	5,525	-4,615	1,222
Top PUT Volume:
Strike	OI	OI Change	Volume
26,000	70,330	-16,640	4,711
26,200	8,515	-3,445	3,295

MIDCPNIFTY Monthly Expiry (28/08/2025)

The MIDCPNIFTY index closed at 12506.3. The MIDCPNIFTY monthly expiry for AUGUST 28, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.840 against previous 1.038. The 13000CE option holds the maximum open interest, followed by the 12000PE and 12500PE options. Market participants have shown increased interest with significant open interest additions in the 13000CE option, with open interest additions also seen in the 12600CE and 12800CE options. On the other hand, open interest reductions were prominent in the 66700CE, 77000PE, and 77000PE options. Trading volume was highest in the 12600PE option, followed by the 13000CE and 12600CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	28-08-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,506.30	0.840	1.038	0.971
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	62,51,980	46,41,840	16,10,140
PUT:	52,49,160	48,18,660	4,30,500
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,000	8,38,040	2,67,680	15,219
13,500	5,14,080	66,220	4,494
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,000	8,38,040	2,67,680	15,219
12,600	3,40,900	1,93,060	13,122
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,700	1,07,940	-16,240	801
14,500	1,11,160	-3,780	634
Top CALL Volume:
Strike	OI	OI Change	Volume
13,000	8,38,040	2,67,680	15,219
12,600	3,40,900	1,93,060	13,122
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	8,16,060	92,820	10,340
12,500	5,34,940	36,680	12,038
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,600	3,15,280	98,980	20,914
12,000	8,16,060	92,820	10,340
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,800	1,66,320	-56,000	3,504
11,900	67,760	-32,060	1,042
Top PUT Volume:
Strike	OI	OI Change	Volume
12,600	3,15,280	98,980	20,914
12,500	5,34,940	36,680	12,038

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

This session’s Open Interest Volume Analysis clearly points to a market that remains under pressure, with fresh shorts accumulating across Nifty, BankNifty, FINNIFTY, and MIDCPNIFTY futures and options. The sharp drop in weekly Put-Call Ratios and rising open interest highlight growing bearish conviction, especially as key expiry-level max pain zones hold firm below current spot prices. For Nifty, watch the 24,300–24,500 band closely; a breakdown here could accelerate the slide toward 24,000, while resistance near 25,000 is fortified by heavy call open interest. BankNifty’s 55,500–57,000 range similarly acts as a battleground, where traders should expect volatile swings and aggressive selling on rallies.

Traders are advised to lean into protective and short-biased strategies, focusing on credit call spreads and short puts around max pain strikes to manage risk effectively. Range-bound plays like iron condors may also suit the choppy environment, but caution is warranted given the subdued volumes and heightened option activity signaling uncertainty. Let this Open Interest Volume Analysis guide tactical positioning, emphasizing discipline and quick reaction to breaking support or resistance, as the market decides its near-term trajectory amid this cautious and defensive backdrop.

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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