Index Future & Option Chain Analysis For 2/06/2025: Is Nifty’s 24,700 Support at Risk?

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Index Future & Option Chain Analysis

The Index Future & Option Chain Analysis on 2nd June 2025 revealed heightened caution as NIFTY Future slid to 24,826.30 (-0.18%) amid a shrinking premium (-10.8 points) and long unwinding (-2.7% OI). BANKNIFTY Future struggled at 56,180.40 (+0.19%), but a PCR (OI) drop to 1.000 and max pain shift to 81,300 signaled institutional skepticism. NIFTY’s weekly PCR (OI) rebounded to 0.676, heavy PUT Open Interest at 24,000 and PUT additions at 24,500 highlighted a 24,000–24,500 battleground. MIDCPNIFTY’s PCR surge to 1.170 and max pain at 12,725 hinted at midcap resilience, while FIIs’ net short positions in index futures amplified downside risks. Let’s decode these critical F&O market signals shaping June’s trajectory.

NSE & BSE Index Future & Option Chain Analysis

NIFTY JUNE Future

NIFTY Spot closed at: 24,716.60 (-0.14%)

NIFTY JUNE Future closed at: 24,826.30 (-0.18%)

Premium: 109.7 (Decreased by -10.8 points)

Open Interest Change: -2.7%

Volume Change: 33.9%

NIFTY Weekly Expiry (05/06/2025) Option Analysis

Put-Call Ratio (OI): 0.676 (Increased from 0.580)

Put-Call Ratio (Volume): 0.745

Max Pain Level: 24700

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 25700

Highest PUT Addition: 24500

NIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 1.097 (Decreased from 1.119)

Put-Call Ratio (Volume): 0.764

Max Pain Level: 24800

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 26300

Highest PUT Addition: 21000

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 55,903.40 (0.28%)

BANKNIFTY JUNE Future closed at: 56,180.40 (0.19%)

Premium: 277 (Decreased by -49.7 points)

Open Interest Change: 0.1%

Volume Change: -3.0%

BANKNIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 1.000 (Decreased from 1.016)

Put-Call Ratio (Volume): 0.802

Max Pain Level: 55700

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 61000

Highest PUT Addition: 56000

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,448.40 (-0.19%)

FINNIFTY JUNE Future closed at: 26,602.10 (-0.22%)

Premium:  153.7 (Decreased by -7.15 points)

Open Interest Change: 29.4%

Volume Change: 29.1%

FINNIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 0.780 (Increased from 0.775)

Put-Call Ratio (Volume): 0.625

Max Pain Level: 26450

Maximum CALL OI: 27500

Maximum PUT OI: 25500

Highest CALL Addition: 26500

Highest PUT Addition: 26500

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 12,771.00 (0.46%)

MIDCPNIFTY JUNE Future closed at: 12,817.30 (0.34%)

Premium: 46.3 (Decreased by -14.8 points)

Open Interest Change: -0.6%

Volume Change: -12.1%

MIDCPNIFTY Monthly Expiry (26/06/2025) Option Analysis

Put-Call Ratio (OI): 1.170 (Increased from 1.103)

Put-Call Ratio (Volume): 1.005

Max Pain Level: 12725

Maximum CALL OI: 14000

Maximum PUT OI: 12000

Highest CALL Addition: 12800

Highest PUT Addition: 12750

SENSEX Weekly Expiry (03/06/2025) Future

SENSEX Spot closed at: 81,373.75 (-0.09%)

SENSEX Weekly Future closed at: 81,334.95 (-0.21%)

Discount: -38.8 (Decreased by -90.94 points)

Open Interest Change: 17.2%

Volume Change: 145.9%

SENSEX Weekly Expiry (03/06/2025) Option Analysis

Put-Call Ratio (OI): 0.718 (Increased from 0.714)

Put-Call Ratio (Volume): 0.723

Max Pain Level: 81500

Maximum CALL OI: 84000

Maximum PUT OI: 79000

Highest CALL Addition: 84000

Highest PUT Addition: 79000

FII & DII Cash Market Activity

FIIs Net Sell: ₹ 2,589.47 Cr
DIIs Net Buy: ₹ 5,313.76 Cr

FII Derivatives Activity

FII Trading Stats2.06.2530.05.2529.05.25
FII Cash (Provisional Data)-2,589.47-6,449.74884.03
Index Future Open Interest Long Ratio18.73%19.23%19.71%
Index Future Volume Long Ratio43.93%43.14%42.74%
Call Option Open Interest Long Ratio61.47%58.91%56.40%
Call Option Volume Long Ratio50.71%50.92%50.06%
Put Option Open Interest Long Ratio64.62%61.55%61.52%
Put Option Volume Long Ratio51.03%50.64%49.91%
Stock Future Open Interest Long Ratio64.11%64.00%63.95%
Stock Future Volume Long Ratio50.59%49.34%49.11%
    
Index FuturesFresh ShortFresh ShortLong Covering
Index OptionsFresh LongFresh LongShort Covering
    
Nifty FuturesFresh ShortFresh ShortLong Covering
Nifty OptionsFresh LongFresh LongShort Covering
    
BankNifty FuturesFresh ShortFresh ShortLong Covering
BankNifty OptionsFresh ShortFresh ShortLong Covering
    
FinNifty FuturesFresh LongFresh LongLong Covering
FinNifty OptionsFresh ShortFresh ShortLong Covering
    
MidcpNifty FuturesShort CoveringShort CoveringLong Covering
MidcpNifty OptionsFresh ShortFresh LongLong Covering
    
NiftyNxt50 FuturesFresh LongFresh ShortShort Covering
NiftyNxt50 OptionsFresh LongFresh LongLong Covering
    
Stock FuturesShort CoveringLong CoveringLong Covering
Stock OptionsFresh LongFresh ShortLong Covering

NSE & BSE Future & Option Chain Analysis

SENSEX Weekly Expiry (03/06/2025)

The SENSEX index closed at 81373.75. The SENSEX weekly expiry for JUNE 03, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.718 against previous 0.714. The 84000CE option holds the maximum open interest, followed by the 83000CE and 85000CE options. Market participants have shown increased interest with significant open interest additions in the 84000CE option, with open interest additions also seen in the 83000CE and 79000PE options. On the other hand, open interest reductions were prominent in the 86000CE, 70000PE, and 81500PE options. Trading volume was highest in the 83000CE option, followed by the 82500CE and 80000PE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:03-06-2025
Index SpotPCR OIPrev PCR OIPCR VOL
81373.750.7180.7140.723
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:  2,59,74,160    1,69,20,949           90,53,211
PUT:  1,86,56,640    1,20,79,320           65,77,320
Top CALL Open Interest:
StrikeOIOI ChangeVolume
84000      21,56,700        10,54,360        2,31,54,380
83000      16,54,120          8,79,660        6,70,40,880
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
84000      21,56,700        10,54,360        2,31,54,380
83000      16,54,120          8,79,660        6,70,40,880
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
86000        6,86,880        -3,44,980           36,77,600
87000        5,52,500        -1,43,600           18,55,720
Top CALL Volume:
StrikeOIOI ChangeVolume
83000      16,54,120          8,79,660        6,70,40,880
82500      10,80,660          6,64,280        4,54,40,580
Top PUT Open Interest:
StrikeOIOI ChangeVolume
79000      15,39,700          8,25,300        3,31,01,600
78000      13,62,740          5,45,040        1,36,80,940
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
79000      15,39,700          8,25,300        3,31,01,600
78000      13,62,740          5,45,040        1,36,80,940
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
70000        4,13,320        -1,75,340           16,90,780
81500        8,65,960        -1,60,580           60,90,720
Top PUT Volume:
StrikeOIOI ChangeVolume
80000        8,86,220          4,35,100        4,43,04,320
79000      15,39,700          8,25,300        3,31,01,600

NIFTY Weekly Expiry (05/06/2025)

The NIFTY index closed at 24716.6. The NIFTY weekly expiry for JUNE 5, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.676 against previous 0.580. The 26000CE option holds the maximum open interest, followed by the 26800CE and 26500CE options. Market participants have shown increased interest with significant open interest additions in the 24500PE option, with open interest additions also seen in the 25700CE and 24600PE options. On the other hand, open interest reductions were prominent in the 26800CE, 24800PE, and 26500CE options. Trading volume was highest in the 25000CE option, followed by the 24600PE and 24700CE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:05-06-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,716.60                0.676                  0.580               0.745
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL: 16,46,77,875   14,33,06,475   2,13,71,400
 PUT: 11,13,91,725      8,30,48,625   2,83,43,100
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               26,000    1,30,91,850         22,92,525         9,80,421
               26,800    1,21,80,150        -13,36,725         5,94,335
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               25,700       75,65,850         27,36,000         6,99,011
               25,600       56,95,650         24,90,750         6,93,862
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               26,800    1,21,80,150        -13,36,725         5,94,335
               26,500       94,30,575          -9,42,750         4,54,548
 Top CALL Volume:
 Strike OI OI Change Volume
               25,000       86,55,525         10,57,875       19,41,820
               24,700       38,82,450         20,31,000       16,91,495
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       77,57,850         20,88,900       13,33,562
               24,500       67,63,425         28,61,175       16,32,043
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,500       67,63,425         28,61,175       16,32,043
               24,600       53,93,550         27,23,100       17,62,891
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,800       35,52,750        -11,04,075         4,95,785
               22,300       17,89,425          -8,21,775         1,81,030
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,600       53,93,550         27,23,100       17,62,891
               24,500       67,63,425         28,61,175       16,32,043

NIFTY Monthly Expiry (26/06/2025)

The NIFTY index closed at 24716.6. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.097 against previous 1.119. The 26000CE option holds the maximum open interest, followed by the 24000PE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 26300CE option, with open interest additions also seen in the 26000CE and 21000PE options. On the other hand, open interest reductions were prominent in the 30000CE, 24000PE, and 25000PE options. Trading volume was highest in the 26000CE option, followed by the 25000CE and 25500CE options, indicating active trading in these strikes.

NIFTY Monthly Expiry:26-06-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,716.60                1.097                  1.119               0.764
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    4,35,66,775      4,06,75,025       28,91,750
 PUT:    4,77,77,800      4,55,03,875       22,73,925
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               26,000       52,49,650            4,69,400             90,130
               25,000       47,88,450            2,94,675             80,929
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               26,300       11,04,150            5,89,725             26,038
               26,000       52,49,650            4,69,400             90,130
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               30,000       33,54,075          -2,59,050             21,726
               24,000       15,69,550              -43,800               7,134
 Top CALL Volume:
 Strike OI OI Change Volume
               26,000       52,49,650            4,69,400             90,130
               25,000       47,88,450            2,94,675             80,929
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       50,71,500          -1,97,625             55,528
               24,500       43,02,000            1,22,325             51,637
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               21,000       27,19,175            4,10,125             15,242
               23,500       25,65,675            3,51,525             36,674
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,000       50,71,500          -1,97,625             55,528
               25,000       33,78,575          -1,29,525             35,385
 Top PUT Volume: 
 Strike OI OI Change Volume
               24,000       50,71,500          -1,97,625             55,528
               24,500       43,02,000            1,22,325             51,637

BANKNIFTY Monthly Expiry (26/06/2025)

The BANKNIFTY index closed at 55903.4. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.000 against previous 1.016. The 56000CE option holds the maximum open interest, followed by the 56000PE and 55000PE options. Market participants have shown increased interest with significant open interest additions in the 61000CE option, with open interest additions also seen in the 56000PE and 57000CE options. On the other hand, open interest reductions were prominent in the 49500PE, 61500CE, and 49000PE options. Trading volume was highest in the 56000CE option, followed by the 55500PE and 57000CE options, indicating active trading in these strikes.

BANKNIFTY Monthly Expiry:26-06-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         55,903.40                1.000                  1.016               0.802
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    1,28,85,810      1,13,76,210       15,09,600
 PUT:    1,28,89,110      1,15,55,169       13,33,941
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               56,000       20,22,450            1,03,590         1,66,043
               60,000          8,57,700               42,480             86,139
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               61,000          4,97,940            1,63,770             41,075
               57,000          8,07,930            1,45,140         1,12,208
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               61,500          1,15,740              -19,650             14,878
               55,700          1,16,460              -17,190             60,322
 Top CALL Volume:
 Strike OI OI Change Volume
               56,000       20,22,450            1,03,590         1,66,043
               57,000          8,07,930            1,45,140         1,12,208
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               56,000       16,56,120            1,53,240             87,872
               55,000       10,76,520               88,110             89,244
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               56,000       16,56,120            1,53,240             87,872
               53,000          6,95,220            1,03,050             70,309
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               49,500          1,75,260              -40,620               8,143
               49,000          2,54,880              -19,530             10,758
 Top PUT Volume: 
 Strike OI OI Change Volume
               55,500          6,50,700            1,02,960         1,20,652
               55,000       10,76,520               88,110             89,244

FINNIFTY Monthly Expiry (26/06/2025)

The FINNIFTY index closed at 26448.4. The FINNIFTY monthly expiry for JUNE 26, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.780 against previous 0.775. The 27500CE option holds the maximum open interest, followed by the 25500PE and 29500CE options. Market participants have shown increased interest with significant open interest additions in the 26500CE option, with open interest additions also seen in the 26500PE and 24000PE options. On the other hand, open interest reductions were prominent in the 27500CE, 26450CE, and 26600PE options. Trading volume was highest in the 27200CE option, followed by the 26500CE and 27500CE options, indicating active trading in these strikes.

FINNIFTY Monthly Expiry:26-06-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         26,448.40                0.780                  0.775               0.625
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:          5,06,935            3,70,175         1,36,760
 PUT:          3,95,265            2,87,040         1,08,225
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               27,500             70,525              -28,210               3,267
               29,500             50,180                  8,060                   871
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               26,500             46,605               22,750               4,265
               27,200             22,100               18,200               5,450
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               27,500             70,525              -28,210               3,267
               26,450                9,945                -7,085                   844
 Top CALL Volume:
 Strike OI OI Change Volume
               27,200             22,100               18,200               5,450
               26,500             46,605               22,750               4,265
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               25,500             60,840                  3,120               2,494
               26,500             46,930               22,165               2,935
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               26,500             46,930               22,165               2,935
               24,000             37,895               18,330                   859
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               26,600             10,920                -1,625                   690
               26,200             22,100                -1,365               1,734
 Top PUT Volume:   
 Strike OI OI Change Volume
               26,500             46,930               22,165               2,935
               25,500             60,840                  3,120               2,494

MIDCPNIFTY Monthly Expiry (26/06/2025)

The MIDCPNIFTY index closed at 12771. The MIDCPNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.170 against previous 1.103. The 12000PE option holds the maximum open interest, followed by the 14000CE and 13500CE options. Market participants have shown increased interest with significant open interest additions in the 12750PE option, with open interest additions also seen in the 12700PE and 12000PE options. On the other hand, open interest reductions were prominent in the 67200CE, 67200CE, and 60300CE options. Trading volume was highest in the 12800CE option, followed by the 12700PE and 13000CE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:26-06-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         12,771.00                1.170                  1.103               1.005
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       21,49,320         17,12,040         4,37,280
 PUT:       25,14,480         18,88,440         6,26,040
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               14,000          3,22,560               11,160               2,064
               13,500          2,52,720               24,600               4,598
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               12,800          1,83,600               89,040             11,130
               14,300             83,880               68,400                   806
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               12,700          1,36,560              -16,440               8,083
               12,725             16,200                -7,080               2,415
 Top CALL Volume:
 Strike OI OI Change Volume
               12,800          1,83,600               89,040             11,130
               13,000          2,26,440               36,360               8,325
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               12,000          3,64,200               98,880               6,666
               11,500          2,50,680               11,160               3,444
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               12,750          1,44,600            1,10,160               4,356
               12,700          2,33,040            1,01,040             10,290
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               11,000          1,70,040              -50,640               1,881
               12,725             87,120              -16,680               2,876
 Top PUT Volume: 
 Strike OI OI Change Volume
               12,700          2,33,040            1,01,040             10,290
               12,500          2,47,080               78,960               6,942

Conclusion : What the Future & Option Chain Analysis Tells Us

The 2nd June F&O data underscores a fragile market equilibrium: NIFTY’s 24,700 spot Technical support faces a litmus test, with bears targeting 24,500 if the 24,700–24,800 zone breaks. BANKNIFTY witnessing highest CALL & PUT Open Interest at 56,000 level with heavy CALL writing as the PCR declines. Next resistance at 61,000. Sustenance below Max Pain at 55,700 will result in more PUT unwinding. MIDCPNIFTY’s 12,725 max pain and FINNIFTY’s 26,450 support favor selective midcap/financial strategies, while Sensex pointing to a range of 79,000 – 84,000 zones. Traders should hedge with 24,500 PUT in Nifty and 55,700 PUT in BANKNIFTY, tracking PCR swings and institutional activity. As June expiry nears, F&O market signals—max pain shifts, sectoral divergences, and premium trends—will dictate whether bulls defend key supports or cede ground to bears.

Check Previous Day’s Nifty Indices F&O Analysis

FII / FPI trading activity in Capital Market Segment

NSE Derivatives Raw Data

BSE Derivatives Raw Data

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