NIFTY Futures & Options Explosive Surge: What F&O Data Signals for 15/4/2025

The Indian stock market staged a spectacular rally on April 10th, 2025, with NIFTY Futures & Options Explosive Surge painting a powerful picture of bullish sentiment and strategic positioning. Backed by robust FII inflows and strong rollovers in major indices, today’s session signaled a decisive shift in momentum as participants re-aligned their strategies for the April series.

NSE F&O Analysis | NIFTY Futures & Options Explosive Surge

NIFTY April Future

NIFTY Spot closed at: 23,328.55 (2.19%)

NIFTY April Future closed at: 23,340.90 (1.85%)

Premium: 12.35 (Decreased by -76.75 points)

Open Interest Change: -4.2%

Volume Change: -26.1%

NIFTY Weekly Expiry (9/04/2025) Option Analysis

Put-Call Ratio (OI): 0.809 (Increased from 0.805)

Put-Call Ratio (Volume): 0.933

Max Pain Level: 23250

Maximum CALL OI: 24000

Maximum PUT OI: 23300

Highest CALL Addition: 23300

Highest PUT Addition: 23300

NIFTY Monthly Expiry (24/04/2025) Option Analysis

Put-Call Ratio (OI): 1.057 (Decreased from 1.115)

Put-Call Ratio (Volume): 1.041

Max Pain Level: 23300

Maximum CALL OI: 23500

Maximum PUT OI: 21000

Highest CALL Addition: 25500

Highest PUT Addition: 23400

BANKNIFTY April Future

BANKNIFTY Spot closed at: 52,379.50 (2.70%)

BANKNIFTY April Future closed at: 52,383.60 (2.39%)

Premium: 4.1 (Decreased by -155.6 points)

Open Interest Change: 3.7%

Volume Change: 8.4%

BANKNIFTY Monthly Expiry (24/04/2025) Option Analysis

Put-Call Ratio (OI): 1.018 (Increased from 0.870)

Put-Call Ratio (Volume): 0.949

Max Pain Level: 51500

Maximum CALL OI: 59000

Maximum PUT OI: 50000

Highest CALL Addition: 55000

Highest PUT Addition: 52000

FINNIFTY April Future

FINNIFTY Spot closed at: 25,280.65 (2.95%)

FINNIFTY April Future closed at: 25,272.50 (2.58%)

Discount:  -8.15 (Decreased by -88.9 points)

Open Interest Change: 4.5%

Volume Change: -27.4%

FINNIFTY Monthly Expiry (24/04/2025) Option Analysis

Put-Call Ratio (OI): 0.973 (Increased from 0.789)

Put-Call Ratio (Volume): 0.870

Max Pain Level: 25000

Maximum CALL OI: 28000

Maximum PUT OI: 24000

Highest CALL Addition: 25700

Highest PUT Addition: 25000

MIDCPNIFTY April Future

MIDCPNIFTY Spot closed at: 11,540.80 (2.80%)

MIDCPNIFTY April Future closed at: 11,566.70 (2.88%)

Premium: 25.9 (Increased by 8.75 points)

Open Interest Change: -4.0%

Volume Change: -31.6%

MIDCPNIFTY Monthly Expiry (24/04/2025) Option Analysis

Put-Call Ratio (OI): 0.898 (Increased from 0.892)

Put-Call Ratio (Volume): 0.941

Max Pain Level: 11400

Maximum CALL OI: 12000

Maximum PUT OI: 10500

Highest CALL Addition: 12500

Highest PUT Addition: 11400

FII & DII Cash Market Activity:

FIIs Net Buy: ₹6,065.78 Cr

DIIs Net Sell: ₹1,951.60 Cr

FII Derivatives Activity

FII Trading Stats	15.04.25	11.04.25	9.04.25
FII Cash (Provisional Data)	6,065.78	-2,519.03	-4,358.02
Index Future Open Interest Long Ratio	28.15%	25.36%	21.59%
Index Future Volume Long Ratio	62.50%	63.14%	44.70%
Call Option Open Interest Long Ratio	56.16%	64.64%	64.14%
Call Option Volume Long Ratio	47.96%	50.94%	49.11%
Put Option Open Interest Long Ratio	57.88%	67.96%	67.36%
Put Option Volume Long Ratio	47.59%	50.75%	49.10%
Stock Future Open Interest Long Ratio	64.72%	64.11%	63.55%
Stock Future Volume Long Ratio	54.57%	56.06%	48.37%
Index Futures	Short Covering	Fresh Long	Long Covering
Index Options	Fresh Short	Fresh Long	Long Covering
Nifty Futures	Short Covering	Fresh Long	Long Covering
Nifty Options	Fresh Short	Fresh Long	Long Covering
BankNifty Futures	Fresh Long	Fresh Long	Short Covering
BankNifty Options	Long Covering	Fresh Long	Fresh Long
FinNifty Futures	Fresh Short	Fresh Short	Fresh Long
FinNifty Options	Fresh Short	Short Covering	Fresh Long
MidcpNifty Futures	Short Covering	Fresh Long	Fresh Long
MidcpNifty Options	Fresh Short	Fresh Long	Fresh Long
NiftyNxt50 Futures	Fresh Short	Fresh Long	Long Covering
NiftyNxt50 Options	Fresh Short	Fresh Long	Fresh Long
Stock Futures	Fresh Long	Fresh Long	Long Covering
Stock Options	Fresh Short	Fresh Short	Fresh Short

NSE F&O Analysis | Options Insights

NIFTY Weekly Expiry (17.04.2025)

The NIFTY index closed at 23328.55. The NIFTY weekly expiry for April 17, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.809 against previous 0.805. The 24000CE option holds the maximum open interest, followed by the 24500CE and 25400CE options. Market participants have shown increased interest with significant open interest additions in the 23300PE option, with open interest additions also seen in the 23000PE and 23300CE options. On the other hand, open interest reductions were prominent in the 20400PE, 20700PE, and 25400CE options. Trading volume was highest in the 23300CE option, followed by the 23300PE and 23500CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	17-04-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,328.55	0.809	0.805	0.933
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	15,20,09,325	11,77,01,400	3,43,07,925
PUT:	12,30,03,825	9,47,84,175	2,82,19,650
Top CALL Open Interest:
Strike	OI	OI Change	Volume
24,000	1,08,79,275	39,92,700	9,56,575
24,500	1,05,67,875	5,84,175	6,78,515
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
23,300	80,46,600	61,08,900	23,64,686
23,400	70,41,525	54,65,775	14,55,513
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,400	1,01,28,525	-46,98,150	7,40,514
25,000	56,08,650	-20,73,900	5,53,719
Top CALL Volume:
Strike	OI	OI Change	Volume
23,300	80,46,600	61,08,900	23,64,686
23,500	95,55,000	40,38,525	16,33,919
Top PUT Open Interest:
Strike	OI	OI Change	Volume
23,300	97,04,700	94,89,900	21,90,835
23,000	83,75,175	64,19,775	11,61,382
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,300	97,04,700	94,89,900	21,90,835
23,000	83,75,175	64,19,775	11,61,382
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
20,400	81,02,925	-84,13,800	7,31,347
20,700	10,03,050	-54,80,550	2,96,679
Top PUT Volume:
Strike	OI	OI Change	Volume
23,300	97,04,700	94,89,900	21,90,835
23,000	83,75,175	64,19,775	11,61,382

NIFTY Monthly Expiry (24.04.2025)

The NIFTY index closed at 23328.55. The NIFTY monthly expiry for April 24, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.057 against previous 1.115. The 23500CE option holds the maximum open interest, followed by the 24000CE and 21000PE options. Market participants have shown increased interest with significant open interest additions in the 25500CE option, with open interest additions also seen in the 23400CE and 23400PE options. On the other hand, open interest reductions were prominent in the 23000CE, 22500PE, and 22500CE options. Trading volume was highest in the 23500CE option, followed by the 24000CE and 23000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	24-04-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
23,328.55	1.057	1.115	1.041
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	5,84,34,150	4,94,07,600	90,26,550
PUT:	6,17,49,525	5,50,71,600	66,77,925
Top CALL Open Interest:
Strike	OI	OI Change	Volume
23,500	56,20,125	6,93,900	1,70,908
24,000	49,54,575	9,50,400	1,50,315
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,500	47,34,900	18,61,425	80,255
23,400	28,86,450	12,88,950	1,06,743
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,000	22,68,525	-7,97,175	52,515
22,500	20,74,575	-2,72,325	12,768
Top CALL Volume:
Strike	OI	OI Change	Volume
23,500	56,20,125	6,93,900	1,70,908
24,000	49,54,575	9,50,400	1,50,315
Top PUT Open Interest:
Strike	OI	OI Change	Volume
21,000	49,18,200	1,55,100	82,028
23,500	43,74,600	4,84,125	75,277
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
23,400	22,71,150	11,89,275	73,335
23,000	40,37,625	10,39,650	1,44,316
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,500	35,81,625	-2,81,775	92,743
22,400	10,07,550	-2,21,850	35,471
Top PUT Volume:
Strike	OI	OI Change	Volume
23,000	40,37,625	10,39,650	1,44,316
23,300	19,16,850	9,96,750	1,26,853

BANKNIFTY Monthly Expiry (24.04.2025)

The BANKNIFTY index closed at 52379.5. The BANKNIFTY monthly expiry for April 24, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.018 against previous 0.870. The 59000CE option holds the maximum open interest, followed by the 54000CE and 50000PE options. Market participants have shown increased interest with significant open interest additions in the 52000PE option, with open interest additions also seen in the 51500PE and 52500PE options. On the other hand, open interest reductions were prominent in the 42000PE, 40500PE, and 51500CE options. Trading volume was highest in the 52500CE option, followed by the 54000CE and 53000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	24-04-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
52,379.50	1.018	0.870	0.949
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,14,98,030	2,11,55,559	3,42,471
PUT:	2,18,81,190	1,84,03,470	34,77,720
Top CALL Open Interest:
Strike	OI	OI Change	Volume
59,000	18,18,330	-2,53,950	1,67,649
54,000	14,43,690	1,00,110	2,28,345
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
55,000	13,66,110	2,42,070	1,78,534
52,300	2,95,860	1,92,780	1,86,698
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
51,500	5,35,140	-3,42,990	53,569
51,000	6,33,300	-2,58,240	34,324
Top CALL Volume:
Strike	OI	OI Change	Volume
52,500	8,54,970	1,48,620	2,66,850
54,000	14,43,690	1,00,110	2,28,345
Top PUT Open Interest:
Strike	OI	OI Change	Volume
50,000	14,01,480	2,65,950	1,57,472
51,000	11,05,110	2,48,160	1,28,986
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
52,000	10,08,840	5,36,100	2,23,883
51,500	7,98,750	3,73,620	1,03,662
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
42,000	3,97,950	-3,73,260	80,023
40,500	4,18,710	-3,51,510	75,164
Top PUT Volume:
Strike	OI	OI Change	Volume
52,000	10,08,840	5,36,100	2,23,883
50,000	14,01,480	2,65,950	1,57,472

FINNIFTY Monthly Expiry (24.04.2025)

The FINNIFTY index closed at 25280.65. The FINNIFTY monthly expiry for April 24, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.973 against previous 0.789. The 24000PE option holds the maximum open interest, followed by the 28000CE and 25000PE options. Market participants have shown increased interest with significant open interest additions in the 25000PE option, with open interest additions also seen in the 25700CE and 23500PE options. On the other hand, open interest reductions were prominent in the 25500CE, 22500PE, and 24500CE options. Trading volume was highest in the 25500CE option, followed by the 26000CE and 25000PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	24-04-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,280.65	0.973	0.789	0.870
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	19,15,745	17,14,115	2,01,630
PUT:	18,64,135	13,52,455	5,11,680
Top CALL Open Interest:
Strike	OI	OI Change	Volume
28,000	2,07,870	45,175	4,954
26,000	1,78,100	50,310	9,408
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,700	1,23,695	1,09,070	4,016
26,000	1,78,100	50,310	9,408
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	1,17,715	-99,255	11,615
24,500	39,910	-18,785	988
Top CALL Volume:
Strike	OI	OI Change	Volume
25,500	1,17,715	-99,255	11,615
26,000	1,78,100	50,310	9,408
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	2,13,525	76,050	6,803
25,000	1,95,910	1,43,455	8,388
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	1,95,910	1,43,455	8,388
23,500	1,34,745	92,300	5,608
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,500	64,675	-55,055	5,143
24,200	40,105	-16,250	1,502
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	1,95,910	1,43,455	8,388
24,000	2,13,525	76,050	6,803

MIDCPNIFTY Monthly Expiry (24.04.2025)

The MIDCPNIFTY index closed at 11540.8. The MIDCPNIFTY monthly expiry for April 24, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.898 against previous 0.892. The 12000CE option holds the maximum open interest, followed by the 12500CE and 11600CE options. Market participants have shown increased interest with significant open interest additions in the 11400PE option, with open interest additions also seen in the 11500PE and 12500CE options. On the other hand, open interest reductions were prominent in the 62000CE, 63000CE, and 60000PE options. Trading volume was highest in the 12000CE option, followed by the 11500CE and 11000PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	24-04-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
11,540.80	0.898	0.892	0.941
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	74,69,520	72,32,760	2,36,760
PUT:	67,09,200	64,50,600	2,58,600
Top CALL Open Interest:
Strike	OI	OI Change	Volume
12,000	7,83,120	-2,280	24,703
12,500	6,99,360	1,54,080	7,776
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
12,500	6,99,360	1,54,080	7,776
12,100	2,23,680	98,880	7,370
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
11,300	1,06,200	-1,04,400	3,960
11,200	2,27,280	-45,960	1,781
Top CALL Volume:
Strike	OI	OI Change	Volume
12,000	7,83,120	-2,280	24,703
11,500	4,35,120	-43,440	23,844
Top PUT Open Interest:
Strike	OI	OI Change	Volume
10,500	5,24,520	-82,920	13,867
11,000	4,32,000	-1,00,920	19,485
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
11,400	3,60,960	2,06,160	12,057
11,500	4,21,800	1,94,640	14,177
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
9,300	2,80,800	-1,28,520	2,748
11,000	4,32,000	-1,00,920	19,485
Top PUT Volume:
Strike	OI	OI Change	Volume
11,000	4,32,000	-1,00,920	19,485
11,500	4,21,800	1,94,640	14,177

Conclusion: Cautious Optimism for NIFTY Futures and Options Traders

Today’s NIFTY Futures and Options data reflects a solid shift to bullish-neutral sentiment, powered by FII long positions and strong PUT writing at 23300 and 23400. The presence of heavy CALL OI at 23500 and 25500, however, suggests these are the key resistance levels that must be crossed for a breakout.

Fresh long positions by FIIs in index futures confirm growing confidence. Meanwhile, maximum PUT OI at 21000 in NIFTY signals traders don’t expect the index to fall below this level. This provides a solid floor in the near term.

As long as the global mood remains stable and domestic flows support momentum, NIFTY may continue to hold its bullish ground—but traders should be wary of high-volatility zones around 23500 and beyond.

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.