NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 5/09/2025

The Nifty Open Interest Volume Analysis for 5th September 2025 highlights a market that’s quietly gaining strength, with bullish undertones returning after a spell of hesitation. Nifty September futures inched up 0.08% to 24,847.70, with a small 0.8% rise in open interest and a premium that expanded by 13.5 points—signs that fresh long positions are entering as conviction grows. The weekly options landscape remains mixed: Put-Call Ratio (OI) is below 1 at 0.76, but incremental put writing and a max pain level at 24,750 anchor support just below current levels. Monthly data looks even more promising for bulls, with PCR over 1 and highest call and put open interest stacked at 25,000 and 24,000—defining the current range and expiry battleground.

BANKNIFTY told a nuanced story: the September future moved up a touch, but short covering dominated, with OI down 1.4% as traders rushed to exit bearish bets. Options data is split between 54,000 puts and persistent call writing at 57,000, setting a well-defined expiry range. FINNIFTY saw similar short covering, posting a mild gain and OI drop, while MIDCPNIFTY outperformed with a 0.4% rise and new longs, confirmed by a fresh 2.3% OI build and a strong PCR of 1.17—evidence that midcaps are on watch for further upside. SENSEX traded flat, but ongoing short covering means any upside could spark quick squeezes, with the max pain zone now near 80,800.

NSE & BSE F&O Market Signals

NIFTY SEPTEMBER Future

NIFTY Spot closed at: 24,741.00 (0.03%)

NIFTY SEPTEMBER Future closed at: 24,847.70 (0.08%)

Premium: 106.7 (Increased by 13.5 points)

Open Interest Change: 0.8%

Volume Change: -11.0%

Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 0.756 (Increased from 0.732)

Put-Call Ratio (Volume): 1.001

Max Pain Level: 24750

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 25100

Highest PUT Addition: 24000

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

Put-Call Ratio (Open Interest): 1.089 (Increased from 1.085)

Put-Call Ratio (Volume): 1.016

Max Pain Level: 24900

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24000

Highest CALL Addition: 25300

Highest PUT Addition: 23000

BANKNIFTY SEPTEMBER Future

BANKNIFTY Spot closed at: 54,114.55 (0.07%)

BANKNIFTY SEPTEMBER Future closed at: 54,364.60 (0.13%)

Premium: 250.05 (Increased by 32.5 points)

Open Interest Change: -1.4%

Volume Change: -6.2%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (Open Interest): 0.867 (Decreased from 0.872)

Put-Call Ratio (Volume): 0.905

Max Pain Level: 54600

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 56000

Highest PUT Addition: 50000

FINNIFTY SEPTEMBER Future

FINNIFTY Spot closed at: 25,889.30 (0.14%)

FINNIFTY SEPTEMBER Future closed at: 26,004.10 (0.26%)

Premium:  114.8 (Increased by 30.7 points)

Open Interest Change: -0.6%

Volume Change: -55.2%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (Open Interest): 0.871 (Increased from 0.751)

Put-Call Ratio (Volume): 1.164

Max Pain Level: 25900

Maximum CALL Open Interest: 26000

Maximum PUT Open Interest: 26000

Highest CALL Addition: 26000

Highest PUT Addition: 25500

MIDCPNIFTY SEPTEMBER Future

MIDCPNIFTY Spot closed at: 12,778.15 (0.31%)

MIDCPNIFTY SEPTEMBER Future closed at: 12,820.40 (0.40%)

Premium: 42.25 (Increased by 11.45 points)

Open Interest Change: 2.3%

Volume Change: 10.7%

Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 1.167 (Increased from 1.048)

Put-Call Ratio (Volume): 0.743

Max Pain Level: 12800

Maximum CALL Open Interest: 13500

Maximum PUT Open Interest: 12000

Highest CALL Addition: 13100

Highest PUT Addition: 12300

SENSEX Monthly Expiry (25/09/2025) Future

SENSEX Spot closed at: 80,710.76 (-0.01%)

SENSEX Monthly Future closed at: 81,089.45 (0.02%)

Premium: 378.69 (Increased by 25.8 points)

Open Interest Change: -1.4%

Volume Change: -39.3%

Open Interest Analysis: Short Covering

SENSEX Weekly Expiry (11/09/2025) Option Analysis

Put-Call Ratio (OI): 0.816 (Increased from 0.719)

Put-Call Ratio (Volume): 1.050

Max Pain Level: 80800

Maximum CALL OI: 81000

Maximum PUT OI: 80000

Highest CALL Addition: 81500

Highest PUT Addition: 80000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,304.91 Cr
DIIs Net BUY: ₹ 1,821.23 Cr

FII Derivatives Activity

FII Trading Stats	5.09.25	4.09.25	3.09.25
FII Cash (Provisional Data)	-1,304.91	-106.34	-1,666.46
Index Future Open Interest Long Ratio	7.43%	8.04%	8.08%
Index Future Volume Long Ratio	44.05%	40.30%	44.84%
Call Option Open Interest Long Ratio	47.92%	46.64%	45.63%
Call Option Volume Long Ratio	50.11%	50.03%	49.71%
Put Option Open Interest Long Ratio	64.88%	65.76%	63.36%
Put Option Volume Long Ratio	50.08%	50.42%	49.07%
Stock Future Open Interest Long Ratio	62.38%	62.40%	62.71%
Stock Future Volume Long Ratio	49.75%	47.24%	47.00%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Fresh Long	Fresh Long	Fresh Short
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Fresh Long	Fresh Long	Fresh Short
BankNifty Futures	Short Covering	Fresh Long	Fresh Long
BankNifty Options	Fresh Long	Long Covering	Fresh Short
FinNifty Futures	Short Covering	Fresh Long	Long Covering
FinNifty Options	Fresh Short	Short Covering	Fresh Long
MidcpNifty Futures	Fresh Short	Long Covering	Fresh Short
MidcpNifty Options	Fresh Long	Long Covering	Fresh Long
NiftyNxt50 Futures	Long Covering	Long Covering	Fresh Long
NiftyNxt50 Options	Fresh Long	Fresh Short	Fresh Long
Stock Futures	Fresh Short	Long Covering	Fresh Short
Stock Options	Fresh Short	Fresh Short	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

NIFTY Weekly Expiry (9/09/2025)

The NIFTY index closed at 24741. The NIFTY weekly expiry for SEPTEMBER 9, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.756 against previous 0.732. The 25000CE option holds the maximum open interest, followed by the 25500CE and 24000PE options. Market participants have shown increased interest with significant open interest additions in the 24000PE option, with open interest additions also seen in the 25100CE and 24650PE options. On the other hand, open interest reductions were prominent in the 24900CE, 23700PE, and 23900PE options. Trading volume was highest in the 24800CE option, followed by the 24700PE and 24600PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	09-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,741.00	0.756	0.732	1.001
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	20,16,55,275	18,71,85,300	1,44,69,975
PUT:	15,24,75,750	13,70,88,975	1,53,86,775
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	1,86,82,875	7,74,900	45,02,764
25,500	1,45,23,750	12,51,075	15,97,218
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,100	96,59,850	23,18,100	24,23,736
25,400	72,85,725	17,18,175	9,65,840
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,900	1,30,32,900	-15,06,900	52,28,462
25,700	48,72,075	-8,79,900	6,81,408
Top CALL Volume:
Strike	OI	OI Change	Volume
24,800	1,14,42,525	14,27,100	80,99,985
24,700	60,23,325	15,95,850	56,81,290
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	1,31,97,075	28,21,200	15,73,977
24,500	1,23,85,500	-2,51,700	47,24,180
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,000	1,31,97,075	28,21,200	15,73,977
24,650	52,96,950	19,97,250	51,07,586
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,700	28,89,825	-13,86,075	7,05,140
23,900	29,53,200	-10,20,675	11,27,639
Top PUT Volume:
Strike	OI	OI Change	Volume
24,700	76,93,800	10,39,425	75,78,868
24,600	98,47,500	12,06,225	59,15,467

SENSEX Weekly Expiry (11/09/2025)

The SENSEX index closed at 80710.76. The SENSEX weekly expiry for SEPTEMBER 11, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.816 against previous 0.719. The 81000CE option holds the maximum open interest, followed by the 83000CE and 81500CE options. Market participants have shown increased interest with significant open interest additions in the 80000PE option, with open interest additions also seen in the 81500CE and 83000CE options. On the other hand, open interest reductions were prominent in the 81500PE, 81600PE, and 82500PE options. Trading volume was highest in the 81000CE option, followed by the 80500PE and 80000PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	11-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80710.76	0.816	0.719	1.050
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	90,91,000	41,19,260	49,71,740
PUT:	74,14,640	29,62,080	44,52,560
Top CALL Open Interest:
Strike	OI	OI Change	Volume
81000	7,62,680	2,88,740	2,45,33,000
83000	6,56,280	3,55,820	52,28,120
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
81500	5,97,780	3,62,740	1,37,26,060
83000	6,56,280	3,55,820	52,28,120
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
76000	1,220	-300	960
77600	140	-180	200
Top CALL Volume:
Strike	OI	OI Change	Volume
81000	7,62,680	2,88,740	2,45,33,000
81500	5,97,780	3,62,740	1,37,26,060
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	5,77,740	3,63,420	1,71,89,820
80500	4,26,380	2,94,500	2,23,36,460
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80000	5,77,740	3,63,420	1,71,89,820
80500	4,26,380	2,94,500	2,23,36,460
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
81500	72,620	-6,460	6,55,540
81600	2,820	-840	91,940
Top PUT Volume:
Strike	OI	OI Change	Volume
80500	4,26,380	2,94,500	2,23,36,460
80000	5,77,740	3,63,420	1,71,89,820

NIFTY Monthly Expiry (30/09/2025)

The NIFTY index closed at 24741. The NIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.089 against previous 1.085. The 25000CE 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 23000PE option, with open interest additions also seen in the 25300CE and 24400PE options. On the other hand, open interest reductions were prominent in the 25800CE, 24000PE, and 25000PE 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
24,741.00	1.089	1.085	1.016
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,64,13,300	4,67,05,275	-2,91,975
PUT:	5,05,37,400	5,06,94,525	-1,57,125
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	59,24,025	-17,850	96,445
26,000	43,95,450	-63,450	35,867
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,300	15,51,975	2,02,425	28,893
24,700	19,43,700	88,875	36,768
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,800	14,48,625	-4,21,500	29,555
25,700	7,95,525	-67,425	18,660
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	59,24,025	-17,850	96,445
25,500	39,58,875	-43,950	59,382
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	43,73,550	-3,50,850	77,132
24,500	40,80,225	-1,70,100	80,684
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,000	35,43,225	2,02,875	16,164
24,400	10,81,500	1,24,125	22,988
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	43,73,550	-3,50,850	77,132
25,000	40,19,025	-2,55,900	46,049
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	40,80,225	-1,70,100	80,684
24,000	43,73,550	-3,50,850	77,132

BANKNIFTY Monthly Expiry (30/09/2025)

The BANKNIFTY index closed at 54114.55. The BANKNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.867 against previous 0.872. The 57000CE option holds the maximum open interest, followed by the 56000CE and 55000CE options. Market participants have shown increased interest with significant open interest additions in the 56000CE option, with open interest additions also seen in the 50000PE and 54000CE options. On the other hand, open interest reductions were prominent in the 57500CE, 51500PE, and 53000PE options. Trading volume was highest in the 54000PE option, followed by the 54000CE and 55000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
54,114.55	0.867	0.872	0.905
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,56,66,200	1,54,65,035	2,01,165
PUT:	1,35,85,065	1,34,85,290	99,775
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	18,85,100	-28,525	50,659
56,000	13,74,660	84,210	73,429
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
56,000	13,74,660	84,210	73,429
54,000	10,21,955	66,345	1,58,447
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
57,500	6,92,440	-87,220	31,636
55,500	8,81,050	-39,550	51,346
Top CALL Volume:
Strike	OI	OI Change	Volume
54,000	10,21,955	66,345	1,58,447
55,000	13,40,500	64,785	1,14,312
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	12,93,770	21,425	2,00,639
57,000	10,57,590	910	301
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
50,000	6,19,535	70,875	24,942
55,000	7,54,145	58,905	15,620
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
51,500	3,32,675	-57,435	22,151
53,000	8,35,415	-39,725	70,132
Top PUT Volume:
Strike	OI	OI Change	Volume
54,000	12,93,770	21,425	2,00,639
53,800	1,80,950	1,330	73,416

FINNIFTY Monthly Expiry (30/09/2025)

The FINNIFTY index closed at 25889.3. The FINNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.871 against previous 0.751. 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 26000CE option, with open interest additions also seen in the 25500PE and 26100CE options. On the other hand, open interest reductions were prominent in the 26500CE, 27000CE, and 28000CE options. Trading volume was highest in the 26500CE option, followed by the 26000CE and 25500PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,889.30	0.871	0.751	1.164
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,58,580	6,16,590	41,990
PUT:	5,73,690	4,62,800	1,10,890
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,20,640	38,610	4,299
26,500	1,12,515	-15,470	5,642
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,000	1,20,640	38,610	4,299
26,100	25,480	21,645	1,167
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,500	1,12,515	-15,470	5,642
27,000	34,385	-12,545	986
Top CALL Volume:
Strike	OI	OI Change	Volume
26,500	1,12,515	-15,470	5,642
26,000	1,20,640	38,610	4,299
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	78,455	18,200	2,164
25,500	68,965	24,765	4,093
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,500	68,965	24,765	4,093
23,000	58,175	19,175	586
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,950	10,595	-1,690	526
25,550	14,885	-1,300	246
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	68,965	24,765	4,093
25,000	39,520	12,870	3,584

MIDCPNIFTY Monthly Expiry (30/09/2025)

The MIDCPNIFTY index closed at 12778.15. The MIDCPNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.167 against previous 1.048. The 12000PE option holds the maximum open interest, followed by the 12500PE and 13500CE options. Market participants have shown increased interest with significant open interest additions in the 12300PE option, with open interest additions also seen in the 13100CE and 11800PE options. On the other hand, open interest reductions were prominent in the 67500CE, 66500CE, and 79000CE options. Trading volume was highest in the 12800CE option, followed by the 13000CE and 12800PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,778.15	1.167	1.048	0.743
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	49,92,120	50,51,200	-59,080
PUT:	58,26,380	52,95,500	5,30,880
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,500	6,08,720	71,400	12,419
13,000	5,97,660	-63,000	27,806
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,100	2,66,700	1,14,520	19,880
13,500	6,08,720	71,400	12,419
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,200	5,05,120	-68,880	14,549
13,000	5,97,660	-63,000	27,806
Top CALL Volume:
Strike	OI	OI Change	Volume
12,800	4,56,260	22,260	30,091
13,000	5,97,660	-63,000	27,806
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	7,14,420	71,260	10,526
12,500	7,11,480	70,840	11,209
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,300	3,43,420	1,16,480	6,279
11,800	2,31,280	1,10,460	2,730
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
11,000	3,77,300	-71,120	1,709
11,200	37,380	-17,780	335
Top PUT Volume:
Strike	OI	OI Change	Volume
12,800	4,16,360	31,780	23,472
12,700	2,76,220	26,460	14,263

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

This session’s Nifty Open Interest Volume Analysis makes one thing clear: bulls are tiptoeing back in, but the fight between buyers and sellers is far from over. With Nifty’s expiry battleground settled between 24,000 and 25,000, traders should favor range-based option plays like calendar spreads or condors for limited risk, while active longs could build above 24,800 if OI confirms strength. In BankNifty, FINNIFTY, and MIDCPNIFTY, the game is about playing flips—track short covering and OI changes for tactical moves, and stay nimble as expiry pressure intensifies.

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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