Is a Market Crash Looming? Index Future & Option Chain Analysis For 3/06/2025

The Index Future & Option Chain Analysis on 3rd June 2025 flashed alarming signals as Nifty futures slumped to 24,675.30 (-0.61%), with spot closing below 24,600 (-0.70%) amid aggressive call writing at 25,500 and a weekly PCR (OI) crash to 0.497. BankNifty futures mirrored the selloff, closing at 55,931.00 (-0.44%) with monthly PCR (OI) plunging to 0.830, reflecting bearish call accumulation. Nifty’s max pain held at 24,800, but FIIs slashed Index Future long positions to 16.67%, while MIDCPNIFTY’s premium surge (+5.05 points) hinted at fleeting midcap resilience. With global trade tensions and RBI policy ahead, let’s decode whether these Future & Option trends foreshadow a deeper correction.

NSE Index Future & Option Chain Analysis

NIFTY JUNE Future

NIFTY Spot closed at: 24,542.50 (-0.70%)

NIFTY JUNE Future closed at: 24,675.30 (-0.61%)

Premium: 132.8 (Increased by 23.1 points)

Open Interest Change: 0.5%

Volume Change: 13.4%

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

Put-Call Ratio (OI): 0.497 (Decreased from 0.676)

Put-Call Ratio (Volume): 0.822

Max Pain Level: 24600

Maximum CALL OI: 25500

Maximum PUT OI: 24000

Highest CALL Addition: 25500

Highest PUT Addition: 22250

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

Put-Call Ratio (OI): 1.043 (Decreased from 1.097)

Put-Call Ratio (Volume): 0.858

Max Pain Level: 24800

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 25000

Highest PUT Addition: 24500

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 55,599.95 (-0.54%)

BANKNIFTY JUNE Future closed at: 55,931.00 (-0.44%)

Premium: 331.05 (Increased by 54.05 points)

Open Interest Change: 5.9%

Volume Change: 8.4%

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

Put-Call Ratio (OI): 0.830 (Decreased from 1.001)

Put-Call Ratio (Volume): 0.892

Max Pain Level: 55600

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 63000

Highest PUT Addition: 40500

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,254.95 (-0.73%)

FINNIFTY JUNE Future closed at: 26,423.80 (-0.67%)

Premium:  168.85 (Increased by 15.15 points)

Open Interest Change: 5.1%

Volume Change: -25.6%

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

Put-Call Ratio (OI): 0.636 (Decreased from 0.780)

Put-Call Ratio (Volume): 0.920

Max Pain Level: 26400

Maximum CALL OI: 27500

Maximum PUT OI: 26500

Highest CALL Addition: 27500

Highest PUT Addition: 26500

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 12,688.60 (-0.65%)

MIDCPNIFTY JUNE Future closed at: 12,739.95 (-0.60%)

Premium: 51.35 (Increased by 5.05 points)

Open Interest Change: -1.6%

Volume Change: -3.9%

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

Put-Call Ratio (OI): 1.014 (Decreased from 1.170)

Put-Call Ratio (Volume): 1.141

Max Pain Level: 12700

Maximum CALL OI: 14000

Maximum PUT OI: 12000

Highest CALL Addition: 13000

Highest PUT Addition: 12500

FII & DII Cash Market Activity

FIIs Net Sell: ₹ 2,853.83 Cr
DIIs Net Buy: ₹ 5,907.97 Cr

FII Derivatives Activity

FII Trading Stats	3.06.25	2.06.25	30.05.25
FII Cash (Provisional Data)	-2,853.83	-2,589.47	-6,449.74
Index Future Open Interest Long Ratio	16.67%	18.73%	19.23%
Index Future Volume Long Ratio	36.67%	43.93%	43.14%
Call Option Open Interest Long Ratio	56.27%	61.47%	58.91%
Call Option Volume Long Ratio	49.43%	50.71%	50.92%
Put Option Open Interest Long Ratio	59.43%	64.62%	61.55%
Put Option Volume Long Ratio	49.53%	51.03%	50.64%
Stock Future Open Interest Long Ratio	63.69%	64.11%	64.00%
Stock Future Volume Long Ratio	46.42%	50.59%	49.34%
Index Futures	Fresh Short	Fresh Short	Fresh Short
Index Options	Fresh Short	Fresh Long	Fresh Long
Nifty Futures	Fresh Short	Fresh Short	Fresh Short
Nifty Options	Fresh Short	Fresh Long	Fresh Long
BankNifty Futures	Fresh Short	Fresh Short	Fresh Short
BankNifty Options	Fresh Long	Fresh Short	Fresh Short
FinNifty Futures	Fresh Long	Fresh Long	Fresh Long
FinNifty Options	Fresh Short	Fresh Short	Fresh Short
MidcpNifty Futures	Long Covering	Short Covering	Short Covering
MidcpNifty Options	Fresh Short	Fresh Short	Fresh Long
NiftyNxt50 Futures	Long Covering	Fresh Long	Fresh Short
NiftyNxt50 Options	Fresh Long	Fresh Long	Fresh Long
Stock Futures	Long Covering	Short Covering	Long Covering
Stock Options	Fresh Short	Fresh Long	Fresh Short

NSE Future & Option Chain Analysis : Options Insights

NIFTY Weekly Expiry (05/06/2025)

The NIFTY index closed at 24542.5. The NIFTY weekly expiry for JUNE 5, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.497 against previous 0.676. The 25500CE option holds the maximum open interest, followed by the 26000CE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 25500CE option, with open interest additions also seen in the 24600CE and 25000CE options. On the other hand, open interest reductions were prominent in the 24100PE, 24500PE, and 25700CE options. Trading volume was highest in the 24600PE option, followed by the 25000CE and 24500PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	05-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,542.50	0.497	0.676	0.822
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	23,16,91,725	16,46,77,875	6,70,13,850
PUT:	11,50,49,625	11,13,91,725	36,57,900
Top CALL Open Interest:
Strike	OI	OI Change	Volume
25,500	1,61,61,300	68,61,825	15,04,009
26,000	1,51,82,250	20,90,400	9,23,308
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	1,61,61,300	68,61,825	15,04,009
24,600	75,59,175	53,72,700	16,51,606
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,700	66,85,650	-8,80,200	8,29,608
26,600	17,02,875	-2,28,600	1,39,464
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	1,32,46,875	45,91,350	20,84,406
24,700	72,60,225	33,77,775	19,90,700
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	76,06,725	-1,51,125	16,76,893
23,500	70,29,225	3,58,425	6,95,945
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
22,250	62,54,175	22,89,600	3,50,058
22,300	32,50,875	14,61,450	2,08,889
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,100	21,79,575	-14,32,650	8,42,357
24,500	54,29,775	-13,33,650	20,24,820
Top PUT Volume:
Strike	OI	OI Change	Volume
24,600	56,51,250	2,57,700	20,90,811
24,500	54,29,775	-13,33,650	20,24,820

NIFTY Monthly Expiry (26/06/2025)

The NIFTY index closed at 24542.5. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.043 against previous 1.097. The 26000CE option holds the maximum open interest, followed by the 25000CE and 24000PE options. Market participants have shown increased interest with significant open interest additions in the 25000CE option, with open interest additions also seen in the 26500CE and 24500PE options. On the other hand, open interest reductions were prominent in the 25000PE, 23200PE, and 22000CE options. Trading volume was highest in the 25000CE option, followed by the 26000CE and 24500PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,542.50	1.043	1.097	0.858
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	4,75,11,425	4,35,66,775	39,44,650
PUT:	4,95,45,250	4,77,77,800	17,67,450
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	55,99,150	3,49,500	83,573
25,000	54,34,775	6,46,325	93,713
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,000	54,34,775	6,46,325	93,713
26,500	22,37,475	4,53,900	35,692
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
22,000	9,72,000	-47,775	802
24,850	2,35,575	-29,325	5,199
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	54,34,775	6,46,325	93,713
26,000	55,99,150	3,49,500	83,573
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	51,01,775	30,275	59,893
24,500	47,04,825	4,02,825	67,305
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,500	47,04,825	4,02,825	67,305
24,700	10,77,150	2,82,150	38,655
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	32,18,600	-1,59,975	41,336
23,200	3,60,375	-50,025	5,522
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	47,04,825	4,02,825	67,305
24,000	51,01,775	30,275	59,893

BANKNIFTY Monthly Expiry (26/06/2025)

The BANKNIFTY index closed at 55599.95. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.830 against previous 1.001. The 56000CE option holds the maximum open interest, followed by the 56000PE and 63000CE options. Market participants have shown increased interest with significant open interest additions in the 63000CE option, with open interest additions also seen in the 63500CE and 56000CE options. On the other hand, open interest reductions were prominent in the 55500PE, 54000PE, and 55600PE options. Trading volume was highest in the 56000CE option, followed by the 56000PE and 55500PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,599.95	0.830	1.001	0.892
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,52,74,710	1,28,72,889	24,01,821
PUT:	1,26,75,360	1,28,89,110	-2,13,750
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	22,17,990	1,95,540	1,61,307
63,000	11,27,400	4,04,160	51,220
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
63,000	11,27,400	4,04,160	51,220
63,500	3,21,000	3,21,000	22,650
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
55,000	5,99,880	-25,470	15,872
58,200	48,450	-10,950	7,706
Top CALL Volume:
Strike	OI	OI Change	Volume
56,000	22,17,990	1,95,540	1,61,307
57,000	9,25,950	1,18,020	93,175
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	16,37,670	-18,450	1,15,488
55,000	10,24,260	-52,260	85,588
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
40,500	3,15,210	1,07,820	30,101
53,000	7,58,730	63,510	39,737
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
55,500	5,43,480	-1,07,220	93,598
54,000	7,74,240	-64,380	63,165
Top PUT Volume:
Strike	OI	OI Change	Volume
56,000	16,37,670	-18,450	1,15,488
55,500	5,43,480	-1,07,220	93,598

FINNIFTY Monthly Expiry (26/06/2025)

The FINNIFTY index closed at 26254.95. The FINNIFTY monthly expiry for JUNE 26, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.636 against previous 0.780. The 27500CE option holds the maximum open interest, followed by the 26500PE and 26500CE options. Market participants have shown increased interest with significant open interest additions in the 27500CE option, with open interest additions also seen in the 26400CE and 26500PE options. On the other hand, open interest reductions were prominent in the 25500PE, 26350PE, and 26450PE options. Trading volume was highest in the 26500CE option, followed by the 26500PE and 27500CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,254.95	0.636	0.780	0.920
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,73,205	5,06,935	1,66,270
PUT:	4,27,830	3,95,265	32,565
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,500	1,17,390	46,865	3,056
26,500	63,245	16,640	3,820
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,500	1,17,390	46,865	3,056
26,400	48,295	26,910	2,540
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
26,100	5,525	-4,160	258
26,800	11,895	-3,315	658
Top CALL Volume:
Strike	OI	OI Change	Volume
26,500	63,245	16,640	3,820
27,500	1,17,390	46,865	3,056
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,500	70,265	23,335	3,737
24,000	50,245	12,350	507
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,500	70,265	23,335	3,737
24,000	50,245	12,350	507
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	43,160	-17,680	2,508
26,350	7,020	-7,670	585
Top PUT Volume:
Strike	OI	OI Change	Volume
26,500	70,265	23,335	3,737
25,500	43,160	-17,680	2,508

MIDCPNIFTY Monthly Expiry (26/06/2025)

The MIDCPNIFTY index closed at 12688.6. The MIDCPNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.014 against previous 1.170. The 12000PE option holds the maximum open interest, followed by the 14000CE and 12500PE options. Market participants have shown increased interest with significant open interest additions in the 13000CE option, with open interest additions also seen in the 12500PE and 10500PE options. On the other hand, open interest reductions were prominent in the 72000CE, 72000CE, and 72000PE options. Trading volume was highest in the 12500PE option, followed by the 12700PE and 12800CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,688.60	1.014	1.170	1.141
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	24,32,760	21,49,320	2,83,440
PUT:	24,66,600	25,14,480	-47,880
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	3,40,200	17,640	2,125
13,500	2,77,680	24,960	4,091
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,000	2,74,080	47,640	6,397
13,500	2,77,680	24,960	4,091
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,400	48,960	-8,880	1,314
13,300	54,840	-6,000	1,387
Top CALL Volume:
Strike	OI	OI Change	Volume
12,800	2,01,480	17,880	7,497
13,000	2,74,080	47,640	6,397
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	3,51,240	-12,960	3,526
12,500	2,85,600	38,520	12,124
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,500	2,85,600	38,520	12,124
10,500	88,680	25,800	380
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,750	69,000	-75,600	5,043
12,700	1,86,000	-47,040	8,274
Top PUT Volume:
Strike	OI	OI Change	Volume
12,500	2,85,600	38,520	12,124
12,700	1,86,000	-47,040	8,274

Conclusion:

The June Index Future & Option Chain Analysis reveal a market on edge: Nifty’s 24,700 breakdown risks a slide to 24,500–24,000, while BankNifty’s 55,500–56,000 range faces a bearish bias unless it sustains above 56,000. Despite historical June bullishness, the PCR collapse across all Index options signals eroding confidence. Traders should hedge with 24,500 PUT and 55,500 BankNifty PUT, tracking RBI policy on Friday (10 A.M.) and monsoon progress. While midcaps (MIDCPNIFTY max pain: 12,700) may offer tactical plays, the broader Index Future & Option Chain Analysis — FII caution, PCR implosions, and premium volatility—warn of turbulence ahead. Survival hinges on strict stop-losses and sector rotation.

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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