What’s Cooking in the Markets? Let’s Decode the NSE & BSE F&O trends for 19 May 2025

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NSE & BSE F&O trends

In today’s volatile market landscape, understanding the NSE & BSE F&O trends are essential for any smart trader or investor. On 19 May 2025, derivatives data revealed a cautious yet calculated shift in sentiment, with declining premiums, narrowing OI levels, and skewed Put-Call Ratios suggesting heightened market uncertainty ahead of the weekly expiry. Let’s dive deep into the data to spot what’s shifting beneath the surface.

The NIFTY MAY Future witnessed a drop in premium by 27.95 points, now standing at 30.95, while OI dropped by -1.7%, signaling unwinding of long positions. With the spot closing at 24,945.45 (-0.30%), the trend appears to be slightly bearish in tone.

Weekly PCR (OI) fell sharply to 0.603 from 0.761, showing a tilt towards call writing dominance.

Max pain for the weekly expiry is at 24,950, aligning closely with the spot, suggesting a possible pin.

Strongest PUT buildup at 24,200 shows minor support developing, while 25,000 saw the highest CALL additions—indicating a probable short-term ceiling.

Monthly outlook also weakens slightly as PCR (OI) slips to 1.170 and strong CALL additions at 26,800 imply resistance building for a longer time-frame with PUT writing supports at 24,500 – 24,000 levels.

NIFTY MAY Future

NIFTY Spot closed at: 24,945.45 (-0.30%)

NIFTY MAY Future closed at: 24,976.40 (-0.41%)

Premium: 30.95 (Decreased by -27.95 points)

Open Interest Change: -1.7%

Volume Change: -14.9%

NIFTY Weekly Expiry (22/05/2025) Option Analysis

Put-Call Ratio (OI): 0.603 (Decreased from 0.761)

Put-Call Ratio (Volume): 0.955

Max Pain Level: 24950

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 25000

Highest PUT Addition: 24200

NIFTY Monthly Expiry (29/05/2025) Option Analysis

Put-Call Ratio (OI): 1.170 (Decreased from 1.210)

Put-Call Ratio (Volume): 1.116

Max Pain Level: 24600

Maximum CALL OI: 25000

Maximum PUT OI: 24000

Highest CALL Addition: 26800

Highest PUT Addition: 24500

BANKNIFTY MAY Future

BANKNIFTY Spot closed at: 55,420.70 (0.12%)

BANKNIFTY MAY Future closed at: 55,514.80 (0.02%)

Premium: 94.1 (Decreased by -54.2 points)

Open Interest Change: 1.5%

Volume Change: 42.4%

BANKNIFTY Monthly Expiry (29/05/2025) Option Analysis

Put-Call Ratio (OI): 0.853 (Increased from 0.844)

Put-Call Ratio (Volume): 0.754

Max Pain Level: 55000

Maximum CALL OI: 63000

Maximum PUT OI: 55000

Highest CALL Addition: 59500

Highest PUT Addition: 49500

FINNIFTY MAY Future

FINNIFTY Spot closed at: 26,507.80 (0.13%)

FINNIFTY MAY Future closed at: 26,563.50 (0.03%)

Premium:  55.7 (Decreased by -24.1 points)

Open Interest Change: 0.5%

Volume Change: -4.2%

FINNIFTY Monthly Expiry (29/05/2025) Option Analysis

Put-Call Ratio (OI): 0.739 (Increased from 0.736)

Put-Call Ratio (Volume): 0.654

Max Pain Level: 26350

Maximum CALL OI: 29500

Maximum PUT OI: 26000

Highest CALL Addition: 26800

Highest PUT Addition: 26500

MIDCPNIFTY MAY Future

MIDCPNIFTY Spot closed at: 12,761.85 (-0.39%)

MIDCPNIFTY MAY Future closed at: 12,782.90 (-0.51%)

Premium: 21.05 (Decreased by -15.45 points)

Open Interest Change: -1.8%

Volume Change: -1.3%

MIDCPNIFTY Monthly Expiry (29/05/2025) Option Analysis

Put-Call Ratio (OI): 1.086 (Increased from 1.054)

Put-Call Ratio (Volume): 1.170

Max Pain Level: 12500

Maximum CALL OI: 13500

Maximum PUT OI: 12000

Highest CALL Addition: 13100

Highest PUT Addition: 11800

SENSEX Weekly Expiry (20.05.25) Future

SENSEX Spot closed at: 82,059.42 (-0.33%)

SENSEX Weekly Future closed at: 82,057.00 (-0.41%)

Discount: -2.42 (Decreased by -68.38 points)

Open Interest Change: -11.3%

Volume Change: -39.9%

SENSEX Weekly Expiry (20/05/2025) Option Analysis

Put-Call Ratio (OI): 0.709 (Decreased from 0.989)

Put-Call Ratio (Volume): 1.038

Max Pain Level: 82000

Maximum CALL OI: 85000

Maximum PUT OI: 80000

Highest CALL Addition: 84000

Highest PUT Addition: 80000

fII & DII Cash Market Activity

FIIs Net Sell: ₹ 525.95 Cr
DIIs Net Sell: ₹ 237.93 Cr

FII Derivatives Activity

FII Trading Stats19.05.2516.05.2515.05.25
FII Cash (Provisional Data)-525.958,831.055,392.94
Index Future Open Interest Long Ratio42.32%42.37%45.60%
Index Future Volume Long Ratio49.55%37.65%63.18%
Call Option Open Interest Long Ratio55.53%56.75%58.95%
Call Option Volume Long Ratio49.91%49.78%50.20%
Put Option Open Interest Long Ratio56.55%56.17%58.09%
Put Option Volume Long Ratio50.14%49.56%49.90%
Stock Future Open Interest Long Ratio65.37%65.84%66.07%
Stock Future Volume Long Ratio45.53%47.56%56.20%
    
Index FuturesFresh ShortLong CoveringFresh Long
Index OptionsFresh LongFresh ShortShort Covering
    
Nifty FuturesLong CoveringFresh ShortFresh Long
Nifty OptionsFresh ShortFresh ShortShort Covering
    
BankNifty FuturesFresh LongLong CoveringFresh Long
BankNifty OptionsFresh LongShort CoveringFresh Short
    
FinNifty FuturesShort CoveringFresh ShortFresh Long
FinNifty OptionsFresh ShortFresh ShortLong Covering
    
MidcpNifty FuturesShort CoveringShort CoveringLong Covering
MidcpNifty OptionsFresh ShortFresh ShortFresh Short
    
NiftyNxt50 FuturesFresh LongFresh LongShort Covering
NiftyNxt50 OptionsFresh ShortFresh LongFresh Long
    
Stock FuturesLong CoveringFresh ShortFresh Long
Stock OptionsFresh ShortFresh ShortFresh Short

NSE & bSE F&O Trends | Options Insights

NIFTY Weekly Expiry (22/05/2025)

The NIFTY index closed at 24945.45. The NIFTY weekly expiry for May 22, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.603 against previous 0.761. The 26000CE option holds the maximum open interest, followed by the 25000CE and 26800CE options. Market participants have shown increased interest with significant open interest additions in the 25000CE option, with open interest additions also seen in the 25200CE and 26800CE options. On the other hand, open interest reductions were prominent in the 23000PE, 22500PE, and 22700PE options. Trading volume was highest in the 25000PE option, followed by the 25000CE and 25100CE options, indicating active trading in these strikes.

NIFTYWeekly Expiry:22-05-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,945.45                0.603                  0.761               0.955
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL: 17,16,01,350   12,59,02,800   4,56,98,550
 PUT: 10,34,08,875      9,57,71,325       76,37,550
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               26,000    1,48,87,650         25,23,075         7,59,006
               25,000    1,10,91,150         52,39,650       27,88,243
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               25,000    1,10,91,150         52,39,650       27,88,243
               25,200       74,49,825         28,69,050       15,54,015
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               25,450       16,46,175          -1,78,125         4,48,315
               24,600          9,28,800              -28,350             13,558
 Top CALL Volume:
 Strike OI OI Change Volume
               25,000    1,10,91,150         52,39,650       27,88,243
               25,100       72,68,700         16,83,375       16,29,659
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       64,92,375            5,14,800         5,64,301
               25,000       64,30,050              -24,750       29,61,745
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,200       34,41,525         13,31,025         3,40,085
               23,500       53,46,450            8,86,950         4,02,497
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               23,000       48,49,050          -5,15,175         2,90,573
               22,500       38,83,500          -5,03,850         1,45,463
 Top PUT Volume: 
 Strike OI OI Change Volume
               25,000       64,30,050              -24,750       29,61,745
               24,900       31,47,150            7,81,500       15,10,859

SENSEX Weekly Expiry (20/05/2025)

The SENSEX index closed at 82059.42. The SENSEX weekly expiry for May 20, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.709 against previous 0.989. The 85000CE option holds the maximum open interest, followed by the 84000CE and 80000PE options. Market participants have shown increased interest with significant open interest additions in the 84000CE option, with open interest additions also seen in the 80000PE and 84500CE options. On the other hand, open interest reductions were prominent in the 76000PE, 76500PE, and 88000CE options. Trading volume was highest in the 82000PE option, followed by the 83000CE and 81500PE options, indicating active trading in these strikes.

SENSEXWeeklyExpiry:20-05-2025
Index SpotPCR OIPrev PCR OIPCR VOL
82059.420.7090.9891.038
Total Open Interest Change in all CALLs & PUTs:
 CurrentPriorNet Ch
CALL:  2,43,44,500    1,37,83,669        1,05,60,831
PUT:  1,72,55,760    1,36,32,480           36,23,280
Top CALL Open Interest:
StrikeOIOI ChangeVolume
85000      21,20,320          6,49,240        1,46,73,520
84000      17,65,260          9,85,560        2,57,16,260
Top CALL Open Interest addition:
StrikeOIOI ChangeVolume
84000      17,65,260          9,85,560        2,57,16,260
84500      11,86,380          6,76,660        1,27,51,320
Top CALL Open Interest reduction:
StrikeOIOI ChangeVolume
88000        4,86,540        -2,22,040           21,81,920
84700        1,86,800            -79,920           35,52,940
Top CALL Volume:
StrikeOIOI ChangeVolume
83000      10,29,560          4,97,740        3,21,86,520
82500        8,66,480          4,37,840        3,04,38,260
Top PUT Open Interest:
StrikeOIOI ChangeVolume
80000      13,13,300          6,99,020        2,04,42,420
82000      10,62,000          6,55,260        4,26,99,000
Top PUT Open Interest addition:
StrikeOIOI ChangeVolume
80000      13,13,300          6,99,020        2,04,42,420
82000      10,62,000          6,55,260        4,26,99,000
Top PUT Open Interest reduction:
StrikeOIOI ChangeVolume
76000        2,99,100        -3,20,160           17,22,760
76500        1,62,080        -2,28,460           12,39,080
Top PUT Volume:
StrikeOIOI ChangeVolume
82000      10,62,000          6,55,260        4,26,99,000
81500        7,98,520          3,99,740        3,07,84,620

NIFTY Monthly Expiry (29/05/2025)

The NIFTY index closed at 24945.45. The NIFTY monthly expiry for MAY 29, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.170 against previous 1.210. The 24000PE option holds the maximum open interest, followed by the 25000CE and 24500PE options. Market participants have shown increased interest with significant open interest additions in the 24500PE option, with open interest additions also seen in the 26800CE and 24600PE options. On the other hand, open interest reductions were prominent in the 24000PE, 24100PE, and 22800PE options. Trading volume was highest in the 25000CE option, followed by the 25000PE and 25500CE options, indicating active trading in these strikes.

NIFTY Monthly Expiry:29-05-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         24,945.45                1.170                  1.210               1.116
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    5,29,18,575      4,91,43,375       37,75,200
 PUT:    6,18,90,975      5,94,73,725       24,17,250
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               25,000       55,93,425            3,97,725         1,41,932
               26,000       43,68,225            4,05,825             65,980
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               26,800          6,61,125            4,96,800             18,452
               26,000       43,68,225            4,05,825             65,980
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               24,700       14,71,800              -56,925               5,340
               24,400          7,46,025              -48,375               1,919
 Top CALL Volume:
 Strike OI OI Change Volume
               25,000       55,93,425            3,97,725         1,41,932
               25,500       41,18,025            3,18,000             96,141
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               24,000       58,68,225          -4,73,850             70,124
               24,500       55,50,525            5,83,500             75,686
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               24,500       55,50,525            5,83,500             75,686
               24,600       19,94,100            4,81,275             34,043
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               24,000       58,68,225          -4,73,850             70,124
               24,100          9,00,975          -2,28,225             17,562
 Top PUT Volume: 
 Strike OI OI Change Volume
               25,000       42,74,175            2,85,375         1,33,283
               24,500       55,50,525            5,83,500             75,686

BANKNIFTY Monthly Expiry (29/05/2025)

The BANKNIFTY index closed at 55420.7. The BANKNIFTY monthly expiry for MAY 29, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.853 against previous 0.844. The 63000CE option holds the maximum open interest, followed by the 55000PE and 60000CE options. Market participants have shown increased interest with significant open interest additions in the 59500CE option, with open interest additions also seen in the 49500PE and 50500PE options. On the other hand, open interest reductions were prominent in the 50000PE, 54000PE, and 40500PE options. Trading volume was highest in the 55500CE option, followed by the 55500PE and 56000CE options, indicating active trading in these strikes.

BANKNIFTY Monthly Expiry:29-05-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         55,420.70                0.853                  0.844               0.754
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:    2,49,65,580      2,34,21,060       15,44,520
 PUT:    2,13,07,920      1,97,58,279       15,49,641
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               63,000       22,78,740              -23,580         1,00,362
               60,000       16,47,630               33,570             84,226
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               59,500          7,31,400            2,66,940             51,479
               59,000       10,38,720            1,85,070             80,031
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               55,300          2,74,560              -70,110             93,139
               55,000          8,37,540              -50,460             79,311
 Top CALL Volume:
 Strike OI OI Change Volume
               55,500       12,79,650               43,890         3,43,812
               56,000       12,52,680               46,980         2,37,967
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               55,000       20,25,840               70,410         1,85,404
               53,000       12,33,150              -62,520             77,555
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               49,500          4,50,750            2,25,150             41,828
               50,500          4,97,040            1,95,120             52,416
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               50,000       10,72,230          -3,23,280             72,277
               54,000       11,74,560              -83,700         1,03,112
 Top PUT Volume: 
 Strike OI OI Change Volume
               55,500          8,63,040               50,760         2,60,105
               55,000       20,25,840               70,410         1,85,404

FINNIFTY Monthly Expiry (29/05/2025)

The FINNIFTY index closed at 26507.8. The FINNIFTY monthly expiry for MAY 29, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.739 against previous 0.736. The 29500CE option holds the maximum open interest, followed by the 27000CE and 26000PE options. Market participants have shown increased interest with significant open interest additions in the 26800CE option, with open interest additions also seen in the 26500PE and 26500CE options. On the other hand, open interest reductions were prominent in the 26450CE, 26000PE, and 27000CE options. Trading volume was highest in the 26500CE option, followed by the 26500PE and 27000CE options, indicating active trading in these strikes.

FINNIFTY Monthly Expiry:29-05-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         26,507.80                0.739                  0.736               0.654
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       15,38,940         14,47,095             91,845
 PUT:       11,37,760         10,65,090             72,670
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               29,500          1,88,110                -5,070               1,868
               27,000          1,55,415              -10,985               7,537
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               26,800             50,765               29,835               2,703
               26,500          1,24,995               21,255               7,972
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               26,450             23,595              -12,025               1,390
               27,000          1,55,415              -10,985               7,537
 Top CALL Volume:
 Strike OI OI Change Volume
               26,500          1,24,995               21,255               7,972
               27,000          1,55,415              -10,985               7,537
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               26,000          1,31,235              -11,050               3,016
               26,500             82,095               25,350               7,576
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               26,500             82,095               25,350               7,576
               26,550             20,995               11,115               2,731
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               26,000          1,31,235              -11,050               3,016
               26,300             50,635                -2,405                   815
 Top PUT Volume:   
 Strike OI OI Change Volume
               26,500             82,095               25,350               7,576
               26,600             28,340                  6,630               3,125

MIDCPNIFTY Monthly Expiry (29/05/2025)

The MIDCPNIFTY index closed at 12761.85. The MIDCPNIFTY monthly expiry for MAY 29, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.086 against previous 1.054. The 12000PE option holds the maximum open interest, followed by the 13500CE and 13000CE options. Market participants have shown increased interest with significant open interest additions in the 11800PE option, with open interest additions also seen in the 13100CE and 13900CE options. On the other hand, open interest reductions were prominent in the 63000PE, 67000CE, and 69700CE options. Trading volume was highest in the 12800PE option, followed by the 12800CE and 12350PE options, indicating active trading in these strikes.

MIDCPNIFTY Monthly Expiry:29-05-2025
 Index Spot PCR OI Prev PCR OI PCR VOL
         12,761.85                1.086                  1.054               1.170
 Total Open Interest Change in all CALLs & PUTs:
  Current Prior Net Ch
 CALL:       68,50,680         66,19,680         2,31,000
 PUT:       74,38,080         69,79,560         4,58,520
 Top CALL Open Interest: 
 Strike OI OI Change Volume
               13,500          6,37,680              -12,120               9,856
               13,000          6,31,680               45,120             16,873
 Top CALL Open Interest addition: 
 Strike OI OI Change Volume
               13,100          2,52,960               87,960               7,008
               13,900             68,640               65,280               1,171
 Top CALL Open Interest reduction: 
 Strike OI OI Change Volume
               13,200          2,88,720              -90,120               7,442
               13,400          2,17,440              -37,080               4,893
 Top CALL Volume:
 Strike OI OI Change Volume
               12,800          3,28,800               59,400             23,557
               13,000          6,31,680               45,120             16,873
 Top PUT Open Interest: 
 Strike OI OI Change Volume
               12,000          6,87,960                -2,280               6,647
               11,000          5,86,320               62,280               2,512
 Top PUT Open Interest addition: 
 Strike OI OI Change Volume
               11,800          2,81,400            1,00,080               3,140
               12,350          1,20,120               63,720             19,197
 Top PUT Open Interest reduction: 
 Strike OI OI Change Volume
               11,400             80,520              -51,600               2,275
               12,600          3,56,040              -21,240               6,690
 Top PUT Volume: 
 Strike OI OI Change Volume
               12,800          1,84,080              -16,680             25,357
               12,350          1,20,120               63,720             19,197

Conclusion – What Does This Mean for the Coming Week?

The Nifty and BankNifty Futures and Options Analysis for 19 May 2025 points to a market in consolidation, with a slight negative bias heading into the weekly expiry. The drop in premiums and PCR (OI) across key indices reflects a defensive setup, hinting that traders are unwilling to bet aggressively on the bullish side.

However, with strong PUT additions at lower strikes and OI stability in FINNIFTY and MIDCPNIFTY, there could be stock-specific or sectoral opportunities emerging under the surface.

Traders should prepare for volatility, adopt a hedged strategy, and watch 25,000 on NIFTY and 55,000 on BANKNIFTY as key battle zones.

Check Previous Day’s Nifty Indices F&O Analysis

FII / FPI trading activity in Capital Market Segment

Disclaimer

fnodata.com is a financial blog providing research-based data and analysis. The content on this blog is for informational purposes only and should not be considered as investment advice.


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