NSE & BSE F&O Insights : May 5, 2025 | mixed market sentiment

NSE & BSE F&O Insights shows that on May 5, 2025 the Nifty 50 index powered ahead, closing at 24,461.15 (up 0.47%), while the Sensex similarly rose 0.37% (to about 80,797). In contrast, BankNifty lagged, slipping 0.36% to 54,919.50. The Nifty Financial Services index held near flat (26,164.90, +0.05%), and midcaps outperformed. In the futures and options pits, Nifty futures traded around 24,585 for the June contract (premium over spot increased by 38.55 points to 92.55). NIFTY Volume fell by 52.3% where OI rose by 4.5%, with Max Pain levels clustering near the 24,400–24,100 strikes (heavy call interest at 25,000 and put interest at 24,000), highlighting the key price zones where most traders were positioned.

Derivative Trends | NSE & BSE

NIFTY MAY Future

NIFTY Spot closed at: 24,461.15 (0.47%)

NIFTY MAY Future closed at: 24,553.70 (0.63%)

Premium: 92.55 (Increased by 38.55 points)

Open Interest Change: 4.5%

Volume Change: -52.3%

NIFTY Weekly Expiry (8/05/2025) Option Analysis

Put-Call Ratio (OI): 0.811 (Increased from 0.695)

Put-Call Ratio (Volume): 0.872

Max Pain Level: 24400

Maximum CALL OI: 26000

Maximum PUT OI: 24000

Highest CALL Addition: 24500

Highest PUT Addition: 24400

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

Put-Call Ratio (OI): 1.373 (Increased from 1.367)

Put-Call Ratio (Volume): 1.123

Max Pain Level: 24100

Maximum CALL OI: 24500

Maximum PUT OI: 24000

Highest CALL Addition: 24500

Highest PUT Addition: 24500

BANKNIFTY MAY Future

BANKNIFTY Spot closed at: 54,919.50 (-0.36%)

BANKNIFTY MAY Future closed at: 55,080.60 (-0.23%)

Premium: 161.1 (Increased by 66.65 points)

Open Interest Change: -3.3%

Volume Change: -36.0%

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

Put-Call Ratio (OI): 0.892 (Decreased from 0.903)

Put-Call Ratio (Volume): 0.899

Max Pain Level: 54800

Maximum CALL OI: 63000

Maximum PUT OI: 53000

Highest CALL Addition: 63000

Highest PUT Addition: 55000

FINNIFTY MAY Future

FINNIFTY Spot closed at: 26,164.90 (0.05%)

FINNIFTY MAY Future closed at: 26,246.60 (0.20%)

Premium:  81.7 (Increased by 40.35 points)

Open Interest Change: 0.2%

Volume Change: -44.2%

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

Put-Call Ratio (OI): 0.786 (Increased from 0.734)

Put-Call Ratio (Volume): 0.716

Max Pain Level: 26200

Maximum CALL OI: 29500

Maximum PUT OI: 26000

Highest CALL Addition: 29500

Highest PUT Addition: 25000

MIDCPNIFTY MAY Future

MIDCPNIFTY Spot closed at: 12,242.35 (2.22%)

MIDCPNIFTY MAY Future closed at: 12,291.85 (2.46%)

Premium: 49.5 (Increased by 29.6 points)

Open Interest Change: 2.4%

Volume Change: -30.1%

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

Put-Call Ratio (OI): 1.073 (Increased from 0.984)

Put-Call Ratio (Volume): 0.847

Max Pain Level: 12200

Maximum CALL OI: 13000

Maximum PUT OI: 12000

Highest CALL Addition: 12300

Highest PUT Addition: 12200

SENSEX Weekly Expiry (6.05.25) Future

SENSEX Spot closed at: 80,796.84 (0.37%)

SENSEX Weekly Future closed at: 80,810.45 (0.51%)

Premium: 13.61 (Increased by 112.1 points)

Open Interest Change: -4.4%

Volume Change: -47.5%

SENSEX Weekly Expiry (29/04/2025) Option Analysis

Put-Call Ratio (OI): 0.847 (Increased from 0.708)

Put-Call Ratio (Volume): 0.943

Max Pain Level: 80500

Maximum CALL OI: 82000

Maximum PUT OI: 80000

Highest CALL Addition: 81000

Highest PUT Addition: 80800

FII & DII Cash Market Activity

FIIs Net Buy: ₹ 497.79 Cr
DIIs Net Buy: ₹ 2,788.66 Cr

FII Derivatives Activity

FII Trading Stats	5.05.25	2.05.25	30.04.25
FII Cash (Provisional Data)	497.79	2,769.81	50.57
Index Future Open Interest Long Ratio	48.51%	47.37%	46.88%
Index Future Volume Long Ratio	53.49%	51.33%	60.39%
Call Option Open Interest Long Ratio	49.89%	53.21%	62.90%
Call Option Volume Long Ratio	49.25%	49.09%	50.32%
Put Option Open Interest Long Ratio	46.61%	51.65%	55.17%
Put Option Volume Long Ratio	48.91%	49.65%	50.19%
Stock Future Open Interest Long Ratio	65.26%	64.85%	64.92%
Stock Future Volume Long Ratio	53.96%	49.93%	53.01%
Index Futures	Fresh Long	Fresh Long	Fresh Long
Index Options	Fresh Short	Fresh Short	Short Covering
Nifty Futures	Fresh Long	Fresh Long	Fresh Long
Nifty Options	Fresh Short	Fresh Short	Short Covering
BankNifty Futures	Long Covering	Long Covering	Short Covering
BankNifty Options	Fresh Short	Fresh Short	Fresh Short
FinNifty Futures	Fresh Short	Fresh Short	Fresh Short
FinNifty Options	Long Covering	Fresh Short	Fresh Short
MidcpNifty Futures	Long Covering	Short Covering	Short Covering
MidcpNifty Options	Fresh Short	Fresh Long	Fresh Long
NiftyNxt50 Futures	Short Covering	Long Covering	Long Covering
NiftyNxt50 Options	Fresh Short	Fresh Long	Long Covering
Stock Futures	Fresh Long	Fresh Long	Fresh Long
Stock Options	Fresh Short	Fresh Short	Fresh Long

NSE & BSE Options Analysis | Options Insights

NIFTY Weekly Expiry (8.05.2025)

The NIFTY index closed at 24461.15. The NIFTY weekly expiry for May 8, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.811 against previous 0.695. The 26000CE option holds the maximum open interest, followed by the 24500CE and 26100CE options. Market participants have shown increased interest with significant open interest additions in the 24500CE option, with open interest additions also seen in the 24400PE and 24500PE options. On the other hand, open interest reductions were prominent in the 23500PE, 24300CE, and 23600PE options. Trading volume was highest in the 24500CE option, followed by the 24400PE and 24500PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	08-05-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,461.15	0.811	0.695	0.872
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	17,39,44,650	13,69,75,800	3,69,68,850
PUT:	14,10,57,600	9,51,54,600	4,59,03,000
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,29,78,975	26,17,125	5,45,234
24,500	1,27,43,325	53,78,550	45,16,593
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,500	1,27,43,325	53,78,550	45,16,593
24,600	89,30,625	33,95,025	23,65,429
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
24,300	22,72,125	-6,09,675	5,46,904
24,250	5,26,500	-1,76,100	83,115
Top CALL Volume:
Strike	OI	OI Change	Volume
24,500	1,27,43,325	53,78,550	45,16,593
24,450	37,37,925	14,11,575	26,94,204
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	89,40,450	21,38,700	12,27,679
24,400	80,60,100	43,43,250	33,88,816
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,400	80,60,100	43,43,250	33,88,816
24,500	64,62,300	41,04,825	29,94,405
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,500	42,16,500	-9,38,250	5,08,152
23,600	14,44,125	-5,14,800	2,87,109
Top PUT Volume:
Strike	OI	OI Change	Volume
24,400	80,60,100	43,43,250	33,88,816
24,500	64,62,300	41,04,825	29,94,405

SENSEX Weekly Expiry (6.05.2025)

The SENSEX index closed at 80796.84. The SENSEX weekly expiry for May 6, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.847 against previous 0.708. The 82000CE option holds the maximum open interest, followed by the 83000CE and 81000CE options. Market participants have shown increased interest with significant open interest additions in the 80800PE option, with open interest additions also seen in the 81000CE and 83600CE options. On the other hand, open interest reductions were prominent in the 74000PE, 73500PE, and 75000PE options. Trading volume was highest in the 81000CE option, followed by the 80800PE and 81500CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	06-05-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
80796.84	0.847	0.708	0.943
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,24,70,980	1,58,90,560	65,80,420
PUT:	1,90,32,020	1,12,56,789	77,75,231
Top CALL Open Interest:
Strike	OI	OI Change	Volume
82000	13,13,180	4,02,080	3,71,77,120
83000	10,80,720	-82,360	1,18,09,640
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
81000	10,67,320	5,75,560	5,76,07,060
83600	5,86,820	5,00,880	16,03,200
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
85600	24,160	-1,07,260	2,90,360
87800	4,36,120	-84,160	10,96,560
Top CALL Volume:
Strike	OI	OI Change	Volume
81000	10,67,320	5,75,560	5,76,07,060
81500	10,05,580	4,51,740	4,41,76,860
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	9,23,100	4,82,220	4,00,03,380
77000	8,24,160	3,43,720	79,16,100
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80800	6,98,360	6,10,320	4,46,49,320
80000	9,23,100	4,82,220	4,00,03,380
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
74000	2,73,080	-2,27,960	19,44,040
73500	1,16,740	-2,20,000	13,29,200
Top PUT Volume:
Strike	OI	OI Change	Volume
80800	6,98,360	6,10,320	4,46,49,320
80500	7,24,960	4,38,240	4,01,55,180

NIFTY Monthly Expiry (29.05.2025)

The NIFTY index closed at 24461.15. The NIFTY monthly expiry for MAY 29, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.373 against previous 1.367. The 24000PE option holds the maximum open interest, followed by the 24500CE and 23000PE options. Market participants have shown increased interest with significant open interest additions in the 24500PE option, with open interest additions also seen in the 24500CE and 24000PE options. On the other hand, open interest reductions were prominent in the 23000PE, 23000CE, and 26000CE options. Trading volume was highest in the 25000CE option, followed by the 24500PE and 24000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	29-05-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,461.15	1.373	1.367	1.123
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	3,57,35,775	3,43,94,325	13,41,450
PUT:	4,90,62,975	4,70,21,400	20,41,575
Top CALL Open Interest:
Strike	OI	OI Change	Volume
24,500	43,08,675	3,36,900	52,789
25,000	39,89,400	-54,225	58,513
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
24,500	43,08,675	3,36,900	52,789
25,500	25,47,450	2,16,375	33,402
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
23,000	11,70,300	-68,850	1,743
26,000	20,78,850	-67,875	35,582
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	39,89,400	-54,225	58,513
24,500	43,08,675	3,36,900	52,789
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,000	62,03,925	2,89,725	54,337
23,000	42,08,100	-98,775	33,779
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,500	28,77,750	4,30,200	54,473
24,000	62,03,925	2,89,725	54,337
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,000	42,08,100	-98,775	33,779
22,500	26,82,900	-30,300	13,512
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	28,77,750	4,30,200	54,473
24,000	62,03,925	2,89,725	54,337

BANKNIFTY Monthly Expiry (29.05.2025)

The BANKNIFTY index closed at 54919.5. The BANKNIFTY monthly expiry for MAY 29, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.892 against previous 0.903. The 63000CE option holds the maximum open interest, followed by the 53000PE and 60000CE options. Market participants have shown increased interest with significant open interest additions in the 63000CE option, with open interest additions also seen in the 55000PE and 55000CE options. On the other hand, open interest reductions were prominent in the 60000CE, 55500PE, and 51000PE options. Trading volume was highest in the 55000PE option, followed by the 55000CE and 54000PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	29-05-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
54,919.50	0.892	0.903	0.899
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,07,34,530	1,94,16,369	13,18,161
PUT:	1,84,92,480	1,75,38,510	9,53,970
Top CALL Open Interest:
Strike	OI	OI Change	Volume
63,000	26,73,780	4,62,840	1,09,937
60,000	12,40,230	-2,18,160	70,778
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
63,000	26,73,780	4,62,840	1,09,937
55,000	8,61,660	1,36,530	1,61,318
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
60,000	12,40,230	-2,18,160	70,778
53,000	8,82,990	-23,730	2,025
Top CALL Volume:
Strike	OI	OI Change	Volume
55,000	8,61,660	1,36,530	1,61,318
63,000	26,73,780	4,62,840	1,09,937
Top PUT Open Interest:
Strike	OI	OI Change	Volume
53,000	16,36,230	-26,250	83,847
54,000	11,74,080	16,110	1,11,070
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
55,000	11,05,770	1,62,720	2,22,474
53,500	10,06,590	77,400	47,313
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
55,500	8,24,310	-45,870	38,349
51,000	8,11,830	-31,110	36,573
Top PUT Volume:
Strike	OI	OI Change	Volume
55,000	11,05,770	1,62,720	2,22,474
54,000	11,74,080	16,110	1,11,070

FINNIFTY Monthly Expiry (29.05.2025)

The FINNIFTY index closed at 26164.9. The FINNIFTY monthly expiry for MAY 29, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.786 against previous 0.734. 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 29500CE option, with open interest additions also seen in the 25000PE and 28000CE options. On the other hand, open interest reductions were prominent in the 27000CE, 26150CE, and 27300CE options. Trading volume was highest in the 27000CE option, followed by the 26200CE and 26200PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	29-05-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,164.90	0.786	0.734	0.716
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	9,76,235	9,54,005	22,230
PUT:	7,67,000	7,00,505	66,495
Top CALL Open Interest:
Strike	OI	OI Change	Volume
29,500	1,74,785	32,695	1,693
27,000	1,59,185	-33,605	3,912
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
29,500	1,74,785	32,695	1,693
28,000	37,180	12,545	1,087
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,000	1,59,185	-33,605	3,912
26,150	14,625	-5,460	1,386
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	1,59,185	-33,605	3,912
26,200	38,090	1,105	3,590
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	1,20,900	3,380	2,088
25,000	76,375	16,575	1,732
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,000	76,375	16,575	1,732
26,200	44,720	10,075	2,787
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	60,385	-1,040	816
25,500	60,385	-1,040	816
Top PUT Volume:
Strike	OI	OI Change	Volume
26,200	44,720	10,075	2,787
26,000	1,20,900	3,380	2,088

MIDCPNIFTY Monthly Expiry (29.05.2025)

The MIDCPNIFTY index closed at 12242.35. The MIDCPNIFTY monthly expiry for MAY 29, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.073 against previous 0.984. The 12000PE option holds the maximum open interest, followed by the 13000CE and 11500PE options. Market participants have shown increased interest with significant open interest additions in the 12200PE option, with open interest additions also seen in the 12300CE and 11700PE options. On the other hand, open interest reductions were prominent in the 65000CE, 65000CE, and 61200CE options. Trading volume was highest in the 12200CE option, followed by the 12000PE and 12200PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	29-05-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
12,242.35	1.073	0.984	0.847
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	38,77,200	33,60,360	5,16,840
PUT:	41,59,320	33,06,120	8,53,200
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,000	4,52,280	20,760	8,311
13,500	3,22,680	20,760	2,676
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
12,300	2,32,560	87,720	7,693
12,200	2,62,320	68,640	12,514
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
12,100	1,68,840	-17,160	5,572
12,000	2,50,680	-10,680	4,057
Top CALL Volume:
Strike	OI	OI Change	Volume
12,200	2,62,320	68,640	12,514
12,500	2,94,240	59,040	8,589
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,000	5,85,960	41,280	11,655
11,500	4,20,360	58,680	5,867
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
12,200	2,87,880	1,39,920	11,168
11,700	1,83,840	79,560	2,230
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
10,000	1,13,520	-27,600	1,908
10,700	9,840	-4,800	66
Top PUT Volume:
Strike	OI	OI Change	Volume
12,000	5,85,960	41,280	11,655
12,200	2,87,880	1,39,920	11,168

Conclusion: Muted Momentum | High Volume Within Tight Range

In conclusion, the May 5, 2025 derivatives data paints a nuanced picture of market sentiment. While NIFTY and MIDCPNIFTY showed strength with rising premiums and open interest, BANKNIFTY exhibited weakness, hinting at sector-specific caution. FINNIFTY stayed muted, reflecting indecision in the financial space. SENSEX futures, despite a price uptick, saw falling OI and volume, signaling profit booking. The rise in Put-Call Ratios across most indices indicates growing hedging activity, even as Max Pain levels cluster around current spot zones. Traders appear cautiously bullish, but selective positioning and sector rotation remain key as we move deeper into May expiry.

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