NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 3/09/2025

The Nifty Open Interest Volume Analysis for 3rd September 2025 highlights a notable shift in sentiment as bulls step up, following a cautious start to the week. Nifty September futures jumped by 0.49% to 24,813.10, while open interest stayed flat—a telltale sign of fresh long buildup with participants testing waters at lower levels. A 14-point premium drop reveals that hedging has softened and players are more comfortable taking exposure. Meanwhile, the weekly options chain points to rising confidence: the Put-Call Ratio (OI) jumped to 1.24, supported by strong put writing and sturdy support forming at 24,500–24,700. Heavy call additions at 25,000 hint resistance is close, keeping Nifty in a tight expiry range.

BankNifty shook off recent weakness, posting a short covering bounce as prices rose and open interest slipped nearly 3%. Option activity remains polarized between 54,000 support and stiff resistance around 57,000–57,500. FINNIFTY and MIDCPNIFTY also caught some bullish action, with both indices securing fresh longs and put writers defending major support levels. SENSEX tracked the same move—trend reversal was evident through short covering, as large investors rotate positions with the September series in sight.

NSE & BSE F&O Market Signals

NIFTY SEPTEMBER Future

NIFTY Spot closed at: 24,715.05 (0.55%)

NIFTY SEPTEMBER Future closed at: 24,813.10 (0.49%)

Premium: 98.05 (Decreased by -14.15 points)

Open Interest Change: 0.0%

Volume Change: -24.6%

Open Interest Analysis: Fresh Long

NIFTY Weekly Expiry (9/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.245 (Increased from 0.813)

Put-Call Ratio (Volume): 0.881

Max Pain Level: 24700

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24500

Highest CALL Addition: 25000

Highest PUT Addition: 24500

NIFTY Monthly Expiry (30/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.106 (Decreased from 1.124)

Put-Call Ratio (Volume): 0.871

Max Pain Level: 24900

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 25500

Highest PUT Addition: 24600

BANKNIFTY SEPTEMBER Future

BANKNIFTY Spot closed at: 54,067.55 (0.76%)

BANKNIFTY SEPTEMBER Future closed at: 54,373.60 (0.62%)

Premium: 306.05 (Decreased by -72.35 points)

Open Interest Change: -2.9%

Volume Change: 0.7%

Open Interest Analysis: Short Covering

BANKNIFTY Monthly Expiry  (30/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.901 (Increased from 0.834)

Put-Call Ratio (Volume): 0.795

Max Pain Level: 54600

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 65000

Highest PUT Addition: 42000

FINNIFTY SEPTEMBER Future

FINNIFTY Spot closed at: 25,732.55 (0.62%)

FINNIFTY SEPTEMBER Future closed at: 25,869.10 (0.48%)

Premium:  136.55 (Decreased by -36.7 points)

Open Interest Change: 0.2%

Volume Change: -9.4%

Open Interest Analysis: Fresh Long

FINNIFTY Monthly Expiry  (30/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 0.809 (Decreased from 0.867)

Put-Call Ratio (Volume): 0.407

Max Pain Level: 25750

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 26000

Highest CALL Addition: 26200

Highest PUT Addition: 25600

MIDCPNIFTY SEPTEMBER Future

MIDCPNIFTY Spot closed at: 12,773.60 (0.51%)

MIDCPNIFTY SEPTEMBER Future closed at: 12,825.10 (0.56%)

Premium: 51.5 (Increased by 6.85 points)

Open Interest Change: 1.3%

Volume Change: -15.8%

Open Interest Analysis: Fresh Long

MIDCPNIFTY Monthly Expiry  (30/09/2025) Option Analysis

Put-Call Ratio (Open Interest): 1.107 (Decreased from 1.151)

Put-Call Ratio (Volume): 0.974

Max Pain Level: 12725

Maximum CALL Open Interest: 13500

Maximum PUT Open Interest: 12000

Highest CALL Addition: 13300

Highest PUT Addition: 12100

SENSEX Monthly Expiry (25/09/2025) Future

SENSEX Spot closed at: 80,567.71 (0.51%)

SENSEX Monthly Future closed at: 80,922.25 (0.38%)

Premium: 354.54 (Decreased by -105.93 points)

Open Interest Change: -4.5%

Volume Change: 20.4%

Open Interest Analysis: Short Covering

SENSEX Weekly Expiry (4/09/2025) Option Analysis

Put-Call Ratio (OI): 1.210 (Increased from 0.673)

Put-Call Ratio (Volume): 0.913

Max Pain Level: 80300

Maximum CALL OI: 81000

Maximum PUT OI: 80000

Highest CALL Addition: 81000

Highest PUT Addition: 80000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,666.46 Cr
DIIs Net BUY: ₹ 2,495.33 Cr

FII Derivatives Activity

FII Trading Stats	3.09.25	2.09.25	1.09.25
FII Cash (Provisional Data)	-1,666.46	-1,159.48	-1,429.71
Index Future Open Interest Long Ratio	8.08%	8.01%	9.27%
Index Future Volume Long Ratio	44.84%	35.38%	57.01%
Call Option Open Interest Long Ratio	45.63%	46.50%	46.88%
Call Option Volume Long Ratio	49.71%	50.15%	50.19%
Put Option Open Interest Long Ratio	63.36%	74.67%	60.05%
Put Option Volume Long Ratio	49.07%	50.46%	49.40%
Stock Future Open Interest Long Ratio	62.71%	62.93%	62.92%
Stock Future Volume Long Ratio	47.00%	49.52%	55.04%
Index Futures	Fresh Short	Fresh Short	Fresh Long
Index Options	Fresh Short	Short Covering	Fresh Short
Nifty Futures	Fresh Short	Fresh Short	Fresh Long
Nifty Options	Fresh Short	Short Covering	Fresh Short
BankNifty Futures	Fresh Long	Fresh Short	Fresh Long
BankNifty Options	Fresh Short	Fresh Long	Fresh Long
FinNifty Futures	Long Covering	Long Covering	Fresh Long
FinNifty Options	Fresh Long	Long Covering	Fresh Short
MidcpNifty Futures	Fresh Short	Fresh Short	Fresh Long
MidcpNifty Options	Fresh Long	Fresh Long	Fresh Long
NiftyNxt50 Futures	Fresh Long	Fresh Long	Fresh Short
NiftyNxt50 Options	Fresh Long	Fresh Long	Fresh Long
Stock Futures	Fresh Short	Long Covering	Fresh Long
Stock Options	Fresh Short	Fresh Long	Fresh Short

Fresh Long: Net Buy with Increase in Open Interest
Fresh Short: Net Sell with Increase in Open Interest
Short Covering: Net Buy with Decrease in Open Interest
Long Covering: Net Sell with Decrease in Open Interest

NSE & BSE Option market Trends : Options Insights

SENSEX Weekly Expiry (4/09/2025)

The SENSEX index closed at 80567.71. The SENSEX weekly expiry for SEPTEMBER 4, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.210 against previous 0.673. The 80000PE option holds the maximum open interest, followed by the 78000PE and 81000CE options. Market participants have shown increased interest with significant open interest additions in the 80000PE option, with open interest additions also seen in the 78000PE and 80200PE options. On the other hand, open interest reductions were prominent in the 81700CE, 80800CE, and 80200CE options. Trading volume was highest in the 80000PE option, followed by the 80500CE and 81000CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	04-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80567.71	1.210	0.673	0.913
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,96,48,960	2,33,76,800	62,72,160
PUT:	3,58,76,520	1,57,24,440	2,01,52,080
Top CALL Open Interest:
Strike	OI	OI Change	Volume
81000	27,17,840	9,58,960	11,57,11,180
82000	21,06,000	6,47,160	1,92,24,480
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
81000	27,17,840	9,58,960	11,57,11,180
82500	19,97,660	9,26,600	1,59,94,340
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
81700	6,53,380	-3,35,000	96,28,860
80800	9,92,940	-2,59,260	8,47,79,320
Top CALL Volume:
Strike	OI	OI Change	Volume
80500	10,37,220	36,660	14,17,93,860
81000	27,17,840	9,58,960	11,57,11,180
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	32,27,900	21,57,460	14,91,92,780
78000	29,10,140	19,47,980	1,74,27,220
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80000	32,27,900	21,57,460	14,91,92,780
78000	29,10,140	19,47,980	1,74,27,220
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
76400	19,320	-8,480	2,15,560
73500	14,160	-7,660	86,940
Top PUT Volume:
Strike	OI	OI Change	Volume
80000	32,27,900	21,57,460	14,91,92,780
80200	21,40,660	15,72,460	11,36,17,200

NIFTY Weekly Expiry (9/09/2025)

The NIFTY index closed at 24715.05. The NIFTY weekly expiry for SEPTEMBER 9, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.245 against previous 0.813. The 24500PE option holds the maximum open interest, followed by the 24600PE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 24500PE option, with open interest additions also seen in the 24600PE and 24000PE options. On the other hand, open interest reductions were prominent in the 26250CE, 25400PE, and 25500PE options. Trading volume was highest in the 24600PE option, followed by the 24600CE and 24700CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	09-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,715.05	1.245	0.813	0.881
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	10,58,91,975	7,27,05,000	3,31,86,975
PUT:	13,18,33,125	5,91,05,550	7,27,27,575
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	89,14,350	30,88,125	17,81,195
25,500	74,83,350	25,68,825	5,54,714
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,000	89,14,350	30,88,125	17,81,195
26,000	71,49,675	27,10,650	3,88,563
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,250	1,11,675	-75,825	16,632
26,400	1,76,025	-2,325	12,127
Top CALL Volume:
Strike	OI	OI Change	Volume
24,600	42,19,275	11,88,300	42,12,507
24,700	54,77,400	12,12,000	36,47,090
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	1,17,39,900	67,44,900	30,32,913
24,600	94,91,625	60,81,300	42,70,717
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,500	1,17,39,900	67,44,900	30,32,913
24,600	94,91,625	60,81,300	42,70,717
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,400	96,750	-17,475	486
25,500	2,03,850	-12,150	1,135
Top PUT Volume:
Strike	OI	OI Change	Volume
24,600	94,91,625	60,81,300	42,70,717
24,500	1,17,39,900	67,44,900	30,32,913

NIFTY Monthly Expiry (30/09/2025)

The NIFTY index closed at 24715.05. The NIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.106 against previous 1.124. The 25000CE option holds the maximum open interest, followed by the 24000PE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 25500CE option, with open interest additions also seen in the 24600PE and 25000CE options. On the other hand, open interest reductions were prominent in the 24500PE, 25900CE, and 23100PE 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:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,715.05	1.106	1.124	0.871
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,60,60,200	4,44,09,750	16,50,450
PUT:	5,09,30,850	4,99,24,800	10,06,050
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	59,85,450	1,78,275	77,690
26,000	44,63,775	1,09,575	30,613
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	39,82,875	2,00,925	45,678
25,000	59,85,450	1,78,275	77,690
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,900	4,32,975	-69,600	6,273
25,700	8,01,600	-32,250	13,881
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	59,85,450	1,78,275	77,690
25,500	39,82,875	2,00,925	45,678
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	50,94,150	1,21,425	56,906
24,500	43,05,225	-1,65,300	62,273
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,600	15,24,300	1,95,300	39,396
23,500	23,22,375	1,50,000	25,248
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,500	43,05,225	-1,65,300	62,273
23,100	2,09,475	-44,400	2,313
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	43,05,225	-1,65,300	62,273
24,000	50,94,150	1,21,425	56,906

BANKNIFTY Monthly Expiry (30/09/2025)

The BANKNIFTY index closed at 54067.55. The BANKNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.901 against previous 0.834. The 57000CE option holds the maximum open interest, followed by the 54000PE and 55000CE options. Market participants have shown increased interest with significant open interest additions in the 65000CE option, with open interest additions also seen in the 42000PE and 53500PE options. On the other hand, open interest reductions were prominent in the 54000CE, 56000CE, and 55000CE options. Trading volume was highest in the 54000CE option, followed by the 54000PE and 53700PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
54,067.55	0.901	0.834	0.795
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,49,47,585	1,51,38,290	-1,90,705
PUT:	1,34,69,125	1,26,18,290	8,50,835
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	18,27,440	-4,130	45,852
55,000	12,50,375	-61,320	90,697
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
65,000	3,11,535	88,725	48,024
55,500	8,84,175	58,845	51,042
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
54,000	10,57,385	-1,28,345	1,48,165
56,000	12,22,060	-99,890	64,499
Top CALL Volume:
Strike	OI	OI Change	Volume
54,000	10,57,385	-1,28,345	1,48,165
55,000	12,50,375	-61,320	90,697
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	13,10,435	32,305	1,12,078
57,000	10,40,720	980	630
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
42,000	93,975	85,820	3,787
53,500	6,56,215	82,600	80,140
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
59,000	57,645	-17,045	713
48,000	1,91,270	-13,930	5,065
Top PUT Volume:
Strike	OI	OI Change	Volume
54,000	13,10,435	32,305	1,12,078
53,700	2,04,960	76,545	1,06,591

FINNIFTY Monthly Expiry (30/09/2025)

The FINNIFTY index closed at 25732.55. The FINNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.809 against previous 0.867. The 26000CE option holds the maximum open interest, followed by the 26500CE and 26000PE options. Market participants have shown increased interest with significant open interest additions in the 26200CE option, with open interest additions also seen in the 25600PE and 25500CE options. On the other hand, open interest reductions were prominent in the 25750PE, 25550PE, and 25000PE options. Trading volume was highest in the 26000CE option, followed by the 25800CE and 25500PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,732.55	0.809	0.867	0.407
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	5,19,220	4,91,855	27,365
PUT:	4,19,965	4,26,595	-6,630
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,13,750	-2,535	21,444
26,500	71,695	6,565	5,623
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,200	29,250	13,130	2,117
25,500	13,910	7,345	2,196
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,750	11,050	-5,395	781
25,800	37,700	-4,355	9,377
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	1,13,750	-2,535	21,444
25,800	37,700	-4,355	9,377
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	60,320	7,020	678
25,700	51,090	780	1,459
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,600	30,420	11,635	1,926
26,000	60,320	7,020	678
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,750	7,670	-19,175	747
25,550	17,355	-10,010	1,972
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	43,940	3,250	5,710
25,000	36,855	-8,775	3,499

MIDCPNIFTY Monthly Expiry (30/09/2025)

The MIDCPNIFTY index closed at 12773.6. The MIDCPNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.107 against previous 1.151. The 12000PE option holds the maximum open interest, followed by the 13500CE and 13000CE options. Market participants have shown increased interest with significant open interest additions in the 12100PE option, with open interest additions also seen in the 12800PE and 13300CE options. On the other hand, open interest reductions were prominent in the 67000CE, 69100CE, and 69100PE options. Trading volume was highest in the 12700PE option, followed by the 12700CE and 13000CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,773.60	1.107	1.151	0.974
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	46,16,780	42,54,880	3,61,900
PUT:	51,09,720	48,95,940	2,13,780
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,500	5,88,700	40,320	4,867
13,000	5,66,440	16,660	15,511
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,300	2,09,160	80,920	5,389
12,800	4,45,620	63,280	11,815
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,400	3,13,040	-32,620	4,416
12,650	32,620	-9,660	1,246
Top CALL Volume:
Strike	OI	OI Change	Volume
12,700	2,62,500	44,380	18,019
13,000	5,66,440	16,660	15,511
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	7,10,220	-1,960	8,563
12,500	5,30,040	24,920	8,177
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,100	2,30,300	1,17,600	3,649
12,800	3,52,940	97,300	7,922
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
11,800	1,15,360	-1,24,180	2,805
12,725	41,580	-25,900	6,703
Top PUT Volume:
Strike	OI	OI Change	Volume
12,700	2,75,520	-7,000	22,544
12,000	7,10,220	-1,960	8,563

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

Today’s Nifty Open Interest Volume Analysis signals the potential for a trending move if open interest begins to increase alongside a rally. Bulls should eye defined-risk call spreads above the 24,700 mark, while range-based traders may profit from iron condors and straddles at 24,700–25,000. Watch for a breakout above 25,000 with rising volumes for confirmation of sustained upside. BankNifty and midcaps are best traded using protective stops—ride long bias but adapt quickly if resistance stalls price momentum.

In FINNIFTY and MIDCPNIFTY, trail winners with moving stops and hold new longs only as long as put writing and open interest keep rising. Protect capital and remain tactical as expiry euphoria sets in. The Nifty Open Interest Volume Analysis remains the key insight for keeping your portfolio tuned for the next powerful market wave.

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