NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 3/07/2025

The Open Interest Volume Analysis for 3rd July 2025 shows the weekly expiry day with a defensive tone and clear signs of long unwinding. Nifty July futures slipped 0.15% to 25,508.60, with open interest down 2.7% and a premium that widened to 103.3, reflecting traders rolling over or exiting positions. The weekly Put-Call Ratio (OI) fell to 0.738, confirming a bearish bias as call writers dominated at the 25,500 and 26,000 strikes.

Max pain for the weekly expiry is locked at 25,500, while the highest put additions at 25,000 and calls at 25,500 reinforce this as the key expiry pivot. On the monthly front, PCR (OI) remains above 1.2, suggesting some underlying support, but the highest call and put additions are both at 25,500, highlighting indecision. BankNifty futures mirrored this cautiousness, dropping 0.34% with OI down 3.2% and a premium jump, while call writing at 57,000 and 57,500 and strong put support at 56,000 point to a tight expiry range.

NSE & BSE F&O Market Signals

NIFTY JUNE Future

NIFTY Spot closed at: 25,405.30 (-0.19%)

NIFTY JULY Future closed at: 25,508.60 (-0.15%)

Premium: 103.3 (Increased by 10.6 points)

Open Interest Change: -2.7%

Volume Change: 17.4%

NIFTY Weekly Expiry (10/07/2025) Option Analysis

Put-Call Ratio (OI): 0.738 (Decreased from 0.782)

Put-Call Ratio (Volume): 0.798

Max Pain Level: 25500

Maximum CALL OI: 25500

Maximum PUT OI: 25000

Highest CALL Addition: 25500

Highest PUT Addition: 25000

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

Put-Call Ratio (OI): 1.206 (Increased from 1.200)

Put-Call Ratio (Volume): 0.985

Max Pain Level: 25400

Maximum CALL OI: 26000

Maximum PUT OI: 25000

Highest CALL Addition: 25500

Highest PUT Addition: 25400

BANKNIFTY JULY Future

BANKNIFTY Spot closed at: 56,791.95 (-0.36%)

BANKNIFTY JULY Future closed at: 57,119.60 (-0.34%)

Premium: 327.65 (Increased by 9.85 points)

Open Interest Change: -3.2%

Volume Change: -30.1%

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

Put-Call Ratio (OI): 0.927 (Decreased from 0.961)

Put-Call Ratio (Volume): 0.901

Max Pain Level: 56900

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 57000

Highest PUT Addition: 56800

FINNIFTY JULY Future

FINNIFTY Spot closed at: 26,734.90 (-0.47%)

FINNIFTY JULY Future closed at: 26,892.30 (-0.45%)

Premium:  157.4 (Increased by 4.6 points)

Open Interest Change: 8.9%

Volume Change: -39.1%

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

Put-Call Ratio (OI): 0.895 (Decreased from 0.938)

Put-Call Ratio (Volume): 0.983

Max Pain Level: 27000

Maximum CALL OI: 28000

Maximum PUT OI: 27000

Highest CALL Addition: 27000

Highest PUT Addition: 27000

MIDCPNIFTY JULY Future

MIDCPNIFTY Spot closed at: 13,462.55 (0.16%)

MIDCPNIFTY JULY Future closed at: 13,515.80 (0.15%)

Premium: 53.25 (Decreased by -1.8 points)

Open Interest Change: 0.5%

Volume Change: -20.7%

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

Put-Call Ratio (OI): 0.971 (Decreased from 1.072)

Put-Call Ratio (Volume): 0.840

Max Pain Level: 13450

Maximum CALL OI: 14000

Maximum PUT OI: 13000

Highest CALL Addition: 13800

Highest PUT Addition: 13500

SENSEX Weekly Expiry (8/07/2025) Future

SENSEX Spot closed at: 83,239.47 (-0.20%)

SENSEX Weekly Future closed at: 83,316.15 (-0.17%)

Premium: 76.68 (Increased by 28.87 points)

Open Interest Change: 0.0%

Volume Change: 18.6%

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

Put-Call Ratio (OI): 0.617 (Increased from 0.593)

Put-Call Ratio (Volume): 0.870

Max Pain Level: 83500

Maximum CALL OI: 86000

Maximum PUT OI: 81000

Highest CALL Addition: 86000

Highest PUT Addition: 80000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 1,481.19 Cr
DIIs Net BUY: ₹ 1,333.06 Cr

FII Derivatives Activity

FII Trading Stats	3.07.25	2.07.25	1.07.25
FII Cash (Provisional Data)	–1,481.19	-1,561.62	-1,970.14
Index Future Open Interest Long Ratio	29.29%	33.40%	36.66%
Index Future Volume Long Ratio	35.40%	32.50%	48.81%
Call Option Open Interest Long Ratio	55.00%	46.57%	51.94%
Call Option Volume Long Ratio	50.62%	49.49%	50.41%
Put Option Open Interest Long Ratio	64.03%	58.91%	58.02%
Put Option Volume Long Ratio	50.22%	50.04%	51.21%
Stock Future Open Interest Long Ratio	64.32%	64.32%	64.22%
Stock Future Volume Long Ratio	49.70%	51.21%	47.69%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Short Covering	Fresh Short	Fresh Long
Nifty Futures	Long Covering	Fresh Short	Fresh Short
Nifty Options	Short Covering	Fresh Short	Fresh Long
BankNifty Futures	Fresh Short	Long Covering	Fresh Short
BankNifty Options	Fresh Short	Fresh Short	Fresh Long
FinNifty Futures	Long Covering	Fresh Short	Fresh Short
FinNifty Options	Fresh Short	Fresh Short	Short Covering
MidcpNifty Futures	Short Covering	Fresh Short	Short Covering
MidcpNifty Options	Fresh Short	Long Covering	Fresh Long
NiftyNxt50 Futures	Fresh Short	Short Covering	Short Covering
NiftyNxt50 Options	Fresh Long	Fresh Long	Short Covering
Stock Futures	Long Covering	Short Covering	Fresh Short
Stock Options	Fresh Short	Fresh Long	Fresh Short

NSE & BSE Option market Trends : Options Insights

NIFTY weekly Expiry (10/07/2025)

The NIFTY index closed at 25405.3. The NIFTY weekly expiry for JULY 10, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.738 against previous 0.782. The 25500CE option holds the maximum open interest, followed by the 26000CE and 26500CE options. Market participants have shown increased interest with significant open interest additions in the 25500CE option, with open interest additions also seen in the 26500CE and 25000PE options. On the other hand, open interest reductions were prominent in the 23600PE, 27300CE, and 23250CE options. Trading volume was highest in the 25500CE option, followed by the 25500PE and 26000CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	10-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,405.30	0.738	0.782	0.798
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	7,90,16,025	3,94,65,150	3,95,50,875
PUT:	5,83,02,000	3,08,61,450	2,74,40,550
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,500	63,48,000	34,48,875	6,75,989
26,000	62,27,625	27,38,625	5,21,879
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	63,48,000	34,48,875	6,75,989
26,500	58,68,975	30,34,350	1,94,359
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,300	7,81,650	-33,300	20,216
–	–	–	–
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	63,48,000	34,48,875	6,75,989
26,000	62,27,625	27,38,625	5,21,879
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	54,28,425	30,27,750	3,52,700
24,000	48,02,250	26,85,975	1,27,838
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	54,28,425	30,27,750	3,52,700
24,000	48,02,250	26,85,975	1,27,838
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,600	1,42,575	-1,93,800	14,521
27,350	450	75	1
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	45,23,325	20,38,950	6,36,488
25,400	30,71,775	17,39,550	3,80,527

SENSEX weekly Expiry (08/07/2025)

The SENSEX index closed at 83239.47. The SENSEX weekly expiry for JULY 08, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.617 against previous 0.593. The 86000CE option holds the maximum open interest, followed by the 85000CE and 84000CE options. Market participants have shown increased interest with significant open interest additions in the 86000CE option, with open interest additions also seen in the 84000CE and 85500CE options. On the other hand, open interest reductions were prominent in the 86900CE, 89500CE, and 87400CE options. Trading volume was highest in the 83500PE option, followed by the 83500CE and 83700CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	08-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
83239.47	0.617	0.593	0.870
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,41,55,460	81,23,129	60,32,331
PUT:	87,39,720	48,18,720	39,21,000
Top CALL Open Interest:
Strike	OI	OI Change	Volume
86000	15,63,200	8,29,560	92,06,600
85000	9,20,400	3,53,520	84,28,900
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
86000	15,63,200	8,29,560	92,06,600
84000	8,70,500	4,62,480	1,11,99,820
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
86900	28,680	-42,420	5,01,060
89500	40,920	-18,280	3,70,900
Top CALL Volume:
Strike	OI	OI Change	Volume
83500	8,07,740	3,35,360	1,25,09,620
83700	3,45,700	1,36,700	1,12,47,240
Top PUT Open Interest:
Strike	OI	OI Change	Volume
81000	8,04,760	3,14,180	44,28,520
80000	7,17,140	4,12,500	39,95,640
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80000	7,17,140	4,12,500	39,95,640
81000	8,04,760	3,14,180	44,28,520
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
77500	32,300	-8,320	3,56,760
79100	11,800	-780	1,63,340
Top PUT Volume:
Strike	OI	OI Change	Volume
83500	6,29,840	2,89,020	1,44,67,100
83600	1,86,240	1,31,920	87,94,260

NIFTY Monthly Expiry (31/07/2025)

The NIFTY index closed at 25405.3. The NIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.206 against previous 1.200. The 25000PE option holds the maximum open interest, followed by the 26000CE and 24500PE options. Market participants have shown increased interest with significant open interest additions in the 25400PE option, with open interest additions also seen in the 25500PE and 25500CE options. On the other hand, open interest reductions were prominent in the 26000CE, 25200CE, and 25700PE options. Trading volume was highest in the 25500PE option, followed by the 25500CE and 26000CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,405.30	1.206	1.200	0.985
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,70,20,225	3,65,09,775	5,10,450
PUT:	4,46,37,975	4,37,93,775	8,44,200
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	45,44,250	-1,50,075	74,128
25,500	33,55,050	1,19,925	76,313
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	33,55,050	1,19,925	76,313
25,400	10,37,925	98,400	18,795
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	45,44,250	-1,50,075	74,128
25,200	6,04,575	-51,375	4,940
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	33,55,050	1,19,925	76,313
26,000	45,44,250	-1,50,075	74,128
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,000	65,37,150	-21,225	51,318
24,500	37,18,050	12,675	32,181
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,400	14,39,250	2,24,400	24,050
25,500	33,32,325	1,23,750	82,978
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,700	8,58,600	-38,550	12,793
22,300	8,05,800	-36,375	2,250
Top PUT Volume:
Strike	OI	OI Change	Volume
25,500	33,32,325	1,23,750	82,978
25,000	65,37,150	-21,225	51,318

BANKNIFTY Monthly Expiry (31/07/2025)

The BANKNIFTY index closed at 56791.95. The BANKNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.927 against previous 0.961. 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 57000CE option, with open interest additions also seen in the 60000CE and 57900CE options. On the other hand, open interest reductions were prominent in the 63000CE, 65000CE, and 56000PE options. Trading volume was highest in the 57000PE option, followed by the 57000CE and 57500CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,791.95	0.927	0.961	0.901
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,51,44,290	1,45,54,234	5,90,056
PUT:	1,40,42,875	1,39,79,840	63,035
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	14,03,990	-7,805	7,298
60,000	10,73,485	81,515	47,490
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
57,000	10,04,815	85,785	1,05,754
60,000	10,73,485	81,515	47,490
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
63,000	3,91,055	-50,890	13,762
65,000	1,75,560	-31,325	8,060
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	10,04,815	85,785	1,05,754
57,500	9,34,535	50,050	70,753
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	21,27,545	-30,590	47,952
57,000	12,20,485	16,030	1,40,057
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
56,800	1,95,895	41,265	32,965
54,500	3,70,440	38,045	15,009
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
56,000	21,27,545	-30,590	47,952
56,500	5,14,395	-30,415	42,674
Top PUT Volume:
Strike	OI	OI Change	Volume
57,000	12,20,485	16,030	1,40,057
57,100	1,52,215	-9,100	53,608

FINNIFTY Monthly Expiry (31/07/2025)

The FINNIFTY index closed at 26734.9. The FINNIFTY monthly expiry for JULY 31, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.895 against previous 0.938. The 28000CE option holds the maximum open interest, followed by the 27000CE and 27000PE options. Market participants have shown increased interest with significant open interest additions in the 27000CE option, with open interest additions also seen in the 27000PE and 25000PE options. On the other hand, open interest reductions were prominent in the 28300CE, 26950PE, and 27100PE options. Trading volume was highest in the 27000CE 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
26,734.90	0.895	0.938	0.983
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,85,100	5,70,700	1,14,400
PUT:	6,12,885	5,35,340	77,545
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,000	1,08,485	12,675	2,397
27,000	1,02,635	39,195	3,408
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,000	1,02,635	39,195	3,408
29,000	79,885	13,455	962
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
28,300	9,425	-7,085	283
27,250	10,790	-650	229
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	1,02,635	39,195	3,408
28,000	1,08,485	12,675	2,397
Top PUT Open Interest:
Strike	OI	OI Change	Volume
27,000	82,095	25,675	2,328
25,000	67,145	17,875	2,221
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
27,000	82,095	25,675	2,328
25,000	67,145	17,875	2,221
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
26,950	4,485	-5,005	695
27,100	15,795	-3,770	414
Top PUT Volume:
Strike	OI	OI Change	Volume
27,000	82,095	25,675	2,328
26,900	11,505	1,560	2,278

MIDCPNIFTY Monthly Expiry (31/07/2025)

The MIDCPNIFTY index closed at 13462.55. The MIDCPNIFTY monthly expiry for JULY 31, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.971 against previous 1.072. 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 13800CE option, with open interest additions also seen in the 14000CE and 13700CE options. On the other hand, open interest reductions were prominent in the 68700PE, 72300PE, and 72300PE options. Trading volume was highest in the 13500CE option, followed by the 13500PE and 14000CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	31-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,462.55	0.971	1.072	0.840
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	43,88,300	37,21,480	6,66,820
PUT:	42,58,940	39,88,180	2,70,760
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	7,76,160	1,32,440	11,963
13,500	7,75,740	73,920	16,737
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,800	2,90,080	1,33,420	3,872
14,000	7,76,160	1,32,440	11,963
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,400	1,66,600	-42,140	3,074
13,450	84,140	-17,080	3,956
Top CALL Volume:
Strike	OI	OI Change	Volume
13,500	7,75,740	73,920	16,737
14,000	7,76,160	1,32,440	11,963
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,58,240	-38,640	5,735
12,000	4,78,660	8,260	1,216
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,500	3,21,720	59,640	13,534
13,600	66,080	43,680	2,482
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,600	72,100	-43,960	903
13,000	7,58,240	-38,640	5,735
Top PUT Volume:
Strike	OI	OI Change	Volume
13,500	3,21,720	59,640	13,534
13,400	2,61,940	8,820	7,241

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

This session’s Open Interest Volume Analysis points to a market in consolidation, with both Nifty and BankNifty showing signs of fatigue after recent highs. For expiry, Nifty’s 25,450–25,500 zone is the battleground—expect volatility if this support cracks, with the next downside at 25,300 and 25,200. Resistance is heavy at 25,700–26,000 due to aggressive call writing. For traders, the setup favors neutral-to-bearish strategies like short straddles or iron condors around 25,500, or quick directional plays on a break of 25,450 or 25,700. BankNifty’s 57,000–57,500 range is key, with strong support at 56,000 and resistance at 57,500. Watch for a pickup in momentum only if Nifty sustains above 25,669 or decisively breaks below 25,437. As expiry unfolds, this Open Interest Volume Analysis will be crucial for navigating the next move and avoiding whipsaws in a choppy market.

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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