NSE & BSE Indices Futures and Options Open Interest Volume Analysis for 8/09/2025

The Nifty Open Interest Volume Analysis for 8th September 2025 signals a market transition as profit-taking gives way to cautious optimism. Nifty September futures posted a slight 0.18% gain, and short covering led to a 0.7% drop in open interest, while premium expanded by nearly 13 points—showing that bears are stepping aside and bulls are regaining control.

The weekly option chain is now more supportive for buyers, with the Put-Call Ratio (OI) rising to 0.87 and max pain at 24,800. Call writers added size at 24,900 while puts stacked up at 24,800, suggesting the index is anchored in a tight expiry band. Monthly options bring even more cheer for the bulls: PCR is above 1, with heavy call resistance at 25,400 and firm put additions at 24,400, setting clear battlegrounds for the weeks ahead.

BANKNIFTY is echoing Nifty’s script. Short covering lifted futures by 0.25% with open interest falling 1.8%, while options data shows renewed put writing at 54,000 and 54,800 strikes, and aggressive call additions at 57,000. FINNIFTY stands out with fresh longs, as both price and OI ticked up mildly. MIDCPNIFTY joined the short covering camp, posting a modest price rise with a softening premium and an uptick in the Put-Call Ratio to 1.22. SENSEX futures were also buoyed by short covering; options activity now suggests a potential move toward max pain at 80,900.

NSE & BSE F&O Market Signals

NIFTY SEPTEMBER Future

NIFTY Spot closed at: 24,773.15 (0.13%)

NIFTY SEPTEMBER Future closed at: 24,892.70 (0.18%)

Premium: 119.55 (Increased by 12.85 points)

Open Interest Change: -0.7%

Volume Change: -19.2%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (Open Interest): 0.868 (Increased from 0.756)

Put-Call Ratio (Volume): 0.960

Max Pain Level: 24800

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24500

Highest CALL Addition: 24900

Highest PUT Addition: 24800

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

Put-Call Ratio (Open Interest): 1.095 (Increased from 1.089)

Put-Call Ratio (Volume): 1.066

Max Pain Level: 24900

Maximum CALL Open Interest: 25000

Maximum PUT Open Interest: 24500

Highest CALL Addition: 25400

Highest PUT Addition: 24400

BANKNIFTY SEPTEMBER Future

BANKNIFTY Spot closed at: 54,186.90 (0.13%)

BANKNIFTY SEPTEMBER Future closed at: 54,499.80 (0.25%)

Premium: 312.9 (Increased by 62.85 points)

Open Interest Change: -1.8%

Volume Change: -5.4%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (Open Interest): 0.922 (Increased from 0.867)

Put-Call Ratio (Volume): 0.841

Max Pain Level: 54800

Maximum CALL Open Interest: 57000

Maximum PUT Open Interest: 54000

Highest CALL Addition: 57000

Highest PUT Addition: 54000

FINNIFTY SEPTEMBER Future

FINNIFTY Spot closed at: 25,942.70 (0.21%)

FINNIFTY SEPTEMBER Future closed at: 26,078.80 (0.29%)

Premium:  136.1 (Increased by 21.3 points)

Open Interest Change: 0.4%

Volume Change: 4.3%

Open Interest Analysis: Fresh Long

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

Put-Call Ratio (Open Interest): 0.900 (Increased from 0.871)

Put-Call Ratio (Volume): 0.645

Max Pain Level: 25900

Maximum CALL Open Interest: 26500

Maximum PUT Open Interest: 26000

Highest CALL Addition: 26500

Highest PUT Addition: 24500

MIDCPNIFTY SEPTEMBER Future

MIDCPNIFTY Spot closed at: 12,841.40 (0.49%)

MIDCPNIFTY SEPTEMBER Future closed at: 12,879.55 (0.46%)

Premium: 38.15 (Decreased by -4.1 points)

Open Interest Change: -1.2%

Volume Change: -41.3%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (Open Interest): 1.217 (Increased from 1.167)

Put-Call Ratio (Volume): 0.928

Max Pain Level: 12800

Maximum CALL Open Interest: 13500

Maximum PUT Open Interest: 12000

Highest CALL Addition: 12900

Highest PUT Addition: 12900

SENSEX Monthly Expiry (25/09/2025) Future

SENSEX Spot closed at: 80,787.30 (0.09%)

SENSEX Monthly Future closed at: 81,201.20 (0.14%)

Premium: 413.9 (Increased by 35.21 points)

Open Interest Change: -0.6%

Volume Change: -33.1%

Open Interest Analysis: Short Covering

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

Put-Call Ratio (OI): 0.842 (Increased from 0.816)

Put-Call Ratio (Volume): 0.940

Max Pain Level: 80900

Maximum CALL OI: 81000

Maximum PUT OI: 80000

Highest CALL Addition: 84000

Highest PUT Addition: 77000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 2,170.35 Cr
DIIs Net BUY: ₹ 3,014.30 Cr

FII Derivatives Activity

FII Trading Stats	8.09.25	5.09.25	4.09.25
FII Cash (Provisional Data)	-2,170.35	-1,304.91	-106.34
Index Future Open Interest Long Ratio	7.99%	7.43%	8.04%
Index Future Volume Long Ratio	50.12%	44.05%	40.30%
Call Option Open Interest Long Ratio	50.34%	47.92%	46.64%
Call Option Volume Long Ratio	50.34%	50.11%	50.03%
Put Option Open Interest Long Ratio	62.90%	64.88%	65.76%
Put Option Volume Long Ratio	50.01%	50.08%	50.42%
Stock Future Open Interest Long Ratio	62.52%	62.38%	62.40%
Stock Future Volume Long Ratio	51.99%	49.75%	47.24%
Index Futures	Fresh Long	Fresh Short	Fresh Short
Index Options	Fresh Long	Fresh Long	Fresh Long
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Fresh Long	Fresh Long	Fresh Long
BankNifty Futures	Fresh Long	Short Covering	Fresh Long
BankNifty Options	Fresh Long	Fresh Long	Long Covering
FinNifty Futures	Fresh Short	Short Covering	Fresh Long
FinNifty Options	Fresh Long	Fresh Short	Short Covering
MidcpNifty Futures	Fresh Long	Fresh Short	Long Covering
MidcpNifty Options	Fresh Long	Fresh Long	Long Covering
NiftyNxt50 Futures	Fresh Short	Long Covering	Long Covering
NiftyNxt50 Options	Fresh Long	Fresh Long	Fresh Short
Stock Futures	Fresh Long	Fresh Short	Long Covering
Stock Options	Fresh Long	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 24773.15. The NIFTY weekly expiry for SEPTEMBER 9, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.868 against previous 0.756. The 25000CE option holds the maximum open interest, followed by the 24900CE and 24500PE options. Market participants have shown increased interest with significant open interest additions in the 24800PE option, with open interest additions also seen in the 24700PE and 24850PE options. On the other hand, open interest reductions were prominent in the 26000CE, 22600PE, and 26100CE options. Trading volume was highest in the 24800PE option, followed by the 24800CE and 24900CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	09-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,773.15	0.868	0.756	0.960
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	20,30,59,350	20,16,55,275	14,04,075
PUT:	17,62,64,175	15,24,75,750	2,37,88,425
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	2,12,62,725	25,79,850	70,61,816
24,900	1,67,84,925	37,52,025	94,75,008
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,900	1,67,84,925	37,52,025	94,75,008
24,950	1,05,12,375	34,80,750	50,88,216
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	71,07,375	-37,63,875	4,11,720
26,100	16,70,250	-22,13,175	1,40,712
Top CALL Volume:
Strike	OI	OI Change	Volume
24,800	1,19,14,500	4,71,975	98,93,977
24,900	1,67,84,925	37,52,025	94,75,008
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	1,40,93,925	17,08,425	24,75,744
24,700	1,21,02,975	44,09,175	63,72,719
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,800	1,06,65,675	44,63,250	1,23,14,203
24,700	1,21,02,975	44,09,175	63,72,719
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,600	47,56,350	-22,93,650	1,82,670
24,000	1,13,81,250	-18,15,825	12,78,847
Top PUT Volume:
Strike	OI	OI Change	Volume
24,800	1,06,65,675	44,63,250	1,23,14,203
24,850	55,40,925	43,27,800	73,82,064

SENSEX Weekly Expiry (11/09/2025)

The SENSEX index closed at 80787.3. The SENSEX weekly expiry for SEPTEMBER 11, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.842 against previous 0.816. The 81000CE option holds the maximum open interest, followed by the 81500CE and 80000PE options. Market participants have shown increased interest with significant open interest additions in the 77000PE option, with open interest additions also seen in the 84000CE and 80900PE options. On the other hand, open interest reductions were prominent in the 80700CE, 80500CE, and 80800CE options. Trading volume was highest in the 81000CE option, followed by the 81000PE and 80900PE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	11-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80787.3	0.842	0.816	0.940
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,16,69,440	90,91,000	25,78,440
PUT:	98,25,300	74,14,640	24,10,660
Top CALL Open Interest:
Strike	OI	OI Change	Volume
81000	8,13,200	50,520	3,15,36,520
81500	7,69,380	1,71,600	1,83,80,900
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
84000	6,13,100	2,09,400	25,41,820
83600	2,06,740	1,81,780	8,11,440
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
80700	1,19,380	-66,740	55,47,200
80500	1,67,080	-41,860	25,69,060
Top CALL Volume:
Strike	OI	OI Change	Volume
81000	8,13,200	50,520	3,15,36,520
80900	2,69,820	34,640	1,85,91,960
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	7,04,860	1,27,120	1,25,38,760
80500	5,97,860	1,71,480	1,54,94,900
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
77000	4,78,200	2,13,880	23,38,600
80900	2,75,260	1,82,720	2,21,07,480
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
76000	1,87,560	-28,460	11,71,840
78900	62,320	-25,700	8,78,520
Top PUT Volume:
Strike	OI	OI Change	Volume
81000	5,38,920	1,75,180	2,76,67,040
80900	2,75,260	1,82,720	2,21,07,480

NIFTY Monthly Expiry (30/09/2025)

The NIFTY index closed at 24773.15. The NIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.095 against previous 1.089. The 25000CE 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 25400CE option, with open interest additions also seen in the 24400PE and 25300CE options. On the other hand, open interest reductions were prominent in the 23800PE, 23000PE, and 24000PE options. Trading volume was highest in the 25000CE option, followed by the 24800PE and 24000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,773.15	1.095	1.089	1.066
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,66,82,550	4,64,13,300	2,69,250
PUT:	5,11,25,400	5,05,37,400	5,88,000
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,000	58,80,750	-43,275	90,605
26,000	43,15,500	-79,950	29,587
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,400	14,74,725	4,40,325	25,105
25,300	18,15,000	2,63,025	25,148
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,700	17,76,000	-1,67,700	16,554
24,800	17,15,325	-1,61,025	53,971
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	58,80,750	-43,275	90,605
24,800	17,15,325	-1,61,025	53,971
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	42,54,000	1,73,775	55,627
24,000	41,81,700	-1,91,850	56,365
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,400	14,87,475	4,05,975	26,400
24,300	14,38,875	1,75,275	28,973
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,800	12,30,375	-2,23,425	16,317
23,000	33,42,450	-2,00,775	16,243
Top PUT Volume:
Strike	OI	OI Change	Volume
24,800	18,69,000	-1,41,750	56,507
24,000	41,81,700	-1,91,850	56,365

BANKNIFTY Monthly Expiry (30/09/2025)

The BANKNIFTY index closed at 54186.9. The BANKNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.922 against previous 0.867. The 57000CE option holds the maximum open interest, followed by the 54000PE and 56000CE options. Market participants have shown increased interest with significant open interest additions in the 54000PE option, with open interest additions also seen in the 54200PE and 57000CE options. On the other hand, open interest reductions were prominent in the 57500CE, 54000CE, and 52500PE options. Trading volume was highest in the 54000PE option, followed by the 55000CE and 54500CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
54,186.90	0.922	0.867	0.841
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,55,00,385	1,56,66,200	-1,65,815
PUT:	1,42,97,820	1,35,85,065	7,12,755
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	19,68,315	83,215	46,933
56,000	13,68,500	-6,160	77,749
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
57,000	19,68,315	83,215	46,933
55,200	2,05,555	49,980	25,466
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
57,500	5,51,530	-1,40,910	31,138
54,000	8,99,140	-1,22,815	83,395
Top CALL Volume:
Strike	OI	OI Change	Volume
55,000	13,22,895	-17,605	1,26,828
54,500	6,98,250	-22,715	1,23,414
Top PUT Open Interest:
Strike	OI	OI Change	Volume
54,000	13,89,520	95,750	1,41,883
57,000	10,53,075	-4,515	709
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
54,000	13,89,520	95,750	1,41,883
54,200	2,50,460	89,495	1,08,528
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
52,500	6,66,385	-47,150	37,027
50,000	5,80,055	-39,480	29,896
Top PUT Volume:
Strike	OI	OI Change	Volume
54,000	13,89,520	95,750	1,41,883
54,200	2,50,460	89,495	1,08,528

FINNIFTY Monthly Expiry (30/09/2025)

The FINNIFTY index closed at 25942.7. The FINNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.900 against previous 0.871. The 26500CE option holds the maximum open interest, followed by the 26000PE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 26500CE option, with open interest additions also seen in the 27500CE and 27000CE options. On the other hand, open interest reductions were prominent in the 26000CE, 25600PE, and 25650PE options. Trading volume was highest in the 26500CE option, followed by the 26000CE and 26000PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,942.70	0.900	0.871	0.645
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,52,145	6,58,580	-6,435
PUT:	5,86,950	5,73,690	13,260
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,500	1,29,545	17,030	21,205
26,000	83,135	-37,505	9,986
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,500	1,29,545	17,030	21,205
27,500	56,810	14,820	1,143
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,000	83,135	-37,505	9,986
26,100	13,260	-12,220	1,471
Top CALL Volume:
Strike	OI	OI Change	Volume
26,500	1,29,545	17,030	21,205
26,000	83,135	-37,505	9,986
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	83,525	5,070	6,585
25,500	68,640	-325	6,540
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,500	33,280	10,985	549
26,050	11,115	8,385	1,109
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,600	17,095	-16,510	495
25,650	14,495	-13,520	397
Top PUT Volume:
Strike	OI	OI Change	Volume
26,000	83,525	5,070	6,585
25,500	68,640	-325	6,540

MIDCPNIFTY Monthly Expiry (30/09/2025)

The MIDCPNIFTY index closed at 12841.4. The MIDCPNIFTY monthly expiry for SEPTEMBER 30, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.217 against previous 1.167. 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 12900PE option, with open interest additions also seen in the 12900CE and 13300CE options. On the other hand, open interest reductions were prominent in the 67000CE, 56000CE, and 56000CE options. Trading volume was highest in the 12900CE option, followed by the 12900PE and 13000CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	30-09-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,841.40	1.217	1.167	0.928
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	51,75,940	49,92,120	1,83,820
PUT:	62,97,760	58,26,380	4,71,380
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,500	6,32,940	24,220	8,081
14,000	5,17,860	61,880	2,748
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
12,900	3,62,320	1,79,620	17,078
13,300	2,97,500	99,680	5,206
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
12,800	3,40,480	-1,15,780	7,824
13,000	4,99,940	-97,720	14,724
Top CALL Volume:
Strike	OI	OI Change	Volume
12,900	3,62,320	1,79,620	17,078
13,000	4,99,940	-97,720	14,724
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	7,34,860	20,440	5,128
12,500	7,25,060	13,580	8,456
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,900	3,01,420	2,21,620	14,728
12,600	2,98,760	83,020	4,679
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,400	2,53,960	-70,840	4,183
11,000	3,19,620	-57,680	1,226
Top PUT Volume:
Strike	OI	OI Change	Volume
12,900	3,01,420	2,21,620	14,728
12,800	3,95,920	-20,440	10,559

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

Today’s Nifty Open Interest Volume Analysis shows the market is resetting for a potential upside move, but there’s resistance ahead and volatility is likely to stay high. For Nifty, the best trades lie in range-based option plays focusing on the 24,800–25,000 window—think straddles, condors, or credit spreads as expiry pressure intensifies. In BankNifty and midcaps, follow short covering cues but stay nimble with protective stops as resistance zones are just above spot prices. FINNIFTY calls for quick long trades with exits at predefined targets; MIDCPNIFTY shows a balanced setup ideal for iron condors.

Let this Nifty Open Interest Volume Analysis guide your trading game—embrace discipline, watch the premium and open interest cues, and be ready to move fast as the market sentiment shifts in September’s early innings.

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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