Unlock Critical F&O Expiry Signals: Will Nifty Defend 25,200 Amid Rollover Chaos? क्या बुल्स निफ्टी 25K की रक्षा कर पाएंगे?

The F&O expiry signals on 25th June 2025 unveiled a tense tug-of-war as Nifty futures edged up 0.72% to 25,252.20 amid a PCR (OI) surge to 1.130 and max pain pinned at 25,200—signaling robust put support despite a 25.8% open interest unwinding. BankNifty futures struggled at 56,619.20 (+0.21%) with a widening discount (-1.95) and max pain at 56,400, while MIDCPNIFTY’s 13,238.25 close and PCR (OI) of 1.029 highlighted midcap resilience. FIIs also ended the session with NET LONG in both NIFTY & BANKNIFTY Futures. Let’s decode these F&O expiry signals shaping June’s high-stakes settlement.

NSE & BSE F&O Expiry Signals

NIFTY JUNE Future

NIFTY Spot closed at: 25,244.75 (0.80%)

NIFTY JUNE Future closed at: 25,252.20 (0.72%)

Premium: 7.45 (Decreased by -19.9 points)

Open Interest Change: -25.8%

Volume Change: -49.0%

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

Put-Call Ratio (OI): 1.130 (Increased from 0.772)

Put-Call Ratio (Volume): 0.874

Max Pain Level: 25200

Maximum CALL OI: 26000

Maximum PUT OI: 25200

Highest CALL Addition: 25250

Highest PUT Addition: 25200

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 56,621.15 (0.28%)

BANKNIFTY JUNE Future closed at: 56,619.20 (0.21%)

Discount: -1.95 (Decreased by -40.85 points)

Open Interest Change: -16.6%

Volume Change: -47.0%

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

Put-Call Ratio (OI): 0.941 (Increased from 0.855)

Put-Call Ratio (Volume): 0.849

Max Pain Level: 56400

Maximum CALL OI: 57000

Maximum PUT OI: 56000

Highest CALL Addition: 56600

Highest PUT Addition: 56500

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,851.20 (0.38%)

FINNIFTY JUNE Future closed at: 26,845.40 (0.31%)

Discount:  -5.8 (Decreased by -17.2 points)

Open Interest Change: -20.6%

Volume Change: -37.6%

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

Put-Call Ratio (OI): 0.738 (Decreased from 0.780)

Put-Call Ratio (Volume): 0.967

Max Pain Level: 26800

Maximum CALL OI: 27500

Maximum PUT OI: 26000

Highest CALL Addition: 27500

Highest PUT Addition: 26800

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 13,221.30 (0.56%)

MIDCPNIFTY JUNE Future closed at: 13,238.25 (0.56%)

Premium: 16.95 (Increased by 0.05 points)

Open Interest Change: -32.6%

Volume Change: -39.6%

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

Put-Call Ratio (OI): 1.029 (Decreased from 1.057)

Put-Call Ratio (Volume): 0.954

Max Pain Level: 13100

Maximum CALL OI: 13500

Maximum PUT OI: 13000

Highest CALL Addition: 13300

Highest PUT Addition: 13200

SENSEX Weekly Expiry (1/07/2025) Future

SENSEX Spot closed at: 82,755.51 (0.85%)

SENSEX Weekly Future closed at: 82,719.30 (0.64%)

Discount: -36.21 (Decreased by -175.95 points)

Open Interest Change: -6.9%

Volume Change: -17.1%

SENSEX Weekly Expiry (1/07/2025) Option Analysis

Put-Call Ratio (OI): 0.944 (Increased from 0.880)

Put-Call Ratio (Volume): 0.691

Max Pain Level: 82500

Maximum CALL OI: 85000

Maximum PUT OI: 82500

Highest CALL Addition: 85000

Highest PUT Addition: 82500

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 2,427.74 Cr
DIIs Net Buy: ₹ 2,372.96 Cr

FII Derivatives Activity

FII Trading Stats	25.06.25	24.06.25	23.06.25
FII Cash (Provisional Data)	-2,427.74	5,266.01	-1,874.38
Index Future Open Interest Long Ratio	23.25%	22.87%	22.69%
Index Future Volume Long Ratio	51.81%	47.67%	45.79%
Call Option Open Interest Long Ratio	56.19%	53.17%	58.50%
Call Option Volume Long Ratio	50.41%	49.53%	50.18%
Put Option Open Interest Long Ratio	56.29%	55.35%	59.08%
Put Option Volume Long Ratio	50.24%	49.64%	50.38%
Stock Future Open Interest Long Ratio	63.27%	62.77%	62.63%
Stock Future Volume Long Ratio	50.66%	50.22%	50.17%
Index Futures	Fresh Long	Fresh Short	Fresh Short
Index Options	Fresh Long	Fresh Short	Fresh Long
Nifty Futures	Short Covering	Fresh Short	Fresh Short
Nifty Options	Fresh Long	Fresh Short	Fresh Long
BankNifty Futures	Fresh Long	Short Covering	Fresh Short
BankNifty Options	Short Covering	Fresh Short	Long Covering
FinNifty Futures	Long Covering	Long Covering	Long Covering
FinNifty Options	Fresh Long	Long Covering	Short Covering
MidcpNifty Futures	Short Covering	Fresh Long	Long Covering
MidcpNifty Options	Fresh Short	Short Covering	Fresh Short
NiftyNxt50 Futures	Fresh Short	Fresh Short	Fresh Short
NiftyNxt50 Options	Long Covering	Fresh Long	Fresh Short
Stock Futures	Fresh Long	Fresh Long	Fresh Short
Stock Options	Fresh Short	Fresh Long	Fresh Long

NSE F&O market Trends : Options Insights

SENSEX weekly Expiry (01/07/2025)

The SENSEX index closed at 82755.51. The SENSEX weekly expiry for JULY 01, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.944 against previous 0.880. The 85000CE option holds the maximum open interest, followed by the 82500PE and 86000CE options. Market participants have shown increased interest with significant open interest additions in the 85000CE option, with open interest additions also seen in the 82500PE and 86000CE options. On the other hand, open interest reductions were prominent in the 82000CE, 82100CE, and 82200CE options. Trading volume was highest in the 82500CE option, followed by the 82500PE and 83000CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	01-07-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
82755.51	0.944	0.880	0.691
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	63,27,420	28,74,520	34,52,900
PUT:	59,76,220	25,28,589	34,47,631
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	5,51,140	3,78,080	38,80,340
86000	4,03,960	2,66,700	28,31,260
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
85000	5,51,140	3,78,080	38,80,340
86000	4,03,960	2,66,700	28,31,260
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
82000	1,19,100	-38,640	8,00,180
82100	16,440	-28,700	2,92,460
Top CALL Volume:
Strike	OI	OI Change	Volume
82500	3,21,320	58,500	75,93,520
83000	3,37,860	1,00,800	59,68,020
Top PUT Open Interest:
Strike	OI	OI Change	Volume
82500	4,76,060	2,94,720	72,61,980
79000	3,69,900	2,43,180	18,23,400
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
82500	4,76,060	2,94,720	72,61,980
79000	3,69,900	2,43,180	18,23,400
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
83600	1,280	-100	14,400
88000	680	-40	40
Top PUT Volume:
Strike	OI	OI Change	Volume
82500	4,76,060	2,94,720	72,61,980
82600	1,67,660	1,48,180	44,75,100

NIFTY Monthly Expiry (26/06/2025)

The NIFTY index closed at 25244.75. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.130 against previous 0.772. The 25200PE option holds the maximum open interest, followed by the 26000CE and 25000PE options. Market participants have shown increased interest with significant open interest additions in the 25200PE option, with open interest additions also seen in the 25150PE and 25100PE options. On the other hand, open interest reductions were prominent in the 25100CE, 26000CE, and 30000CE options. Trading volume was highest in the 25200CE option, followed by the 25200PE and 25300CE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,244.75	1.130	0.772	0.874
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	17,20,75,375	20,09,20,275	-2,88,44,900
PUT:	19,43,82,175	15,50,72,350	3,93,09,825
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,32,10,175	-43,60,575	11,73,322
25,500	1,10,69,775	9,32,775	33,06,515
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,250	56,00,325	17,79,750	43,12,415
25,600	76,93,050	16,55,625	18,19,950
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,100	39,37,950	-50,49,675	20,05,372
26,000	1,32,10,175	-43,60,575	11,73,322
Top CALL Volume:
Strike	OI	OI Change	Volume
25,200	94,29,225	-15,73,350	65,90,359
25,300	97,67,850	12,86,100	49,83,287
Top PUT Open Interest:
Strike	OI	OI Change	Volume
25,200	1,49,33,325	98,59,125	56,23,304
25,000	1,30,96,625	29,94,825	24,83,846
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,200	1,49,33,325	98,59,125	56,23,304
25,150	61,91,625	44,58,825	29,52,116
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,700	13,69,425	-10,82,925	2,70,414
22,100	76,575	-9,26,625	63,295
Top PUT Volume:
Strike	OI	OI Change	Volume
25,200	1,49,33,325	98,59,125	56,23,304
25,150	61,91,625	44,58,825	29,52,116

BANKNIFTY Monthly Expiry (26/06/2025)

The BANKNIFTY index closed at 56621.15. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.941 against previous 0.855. The 56000PE option holds the maximum open interest, followed by the 57000CE and 55000PE options. Market participants have shown increased interest with significant open interest additions in the 56500PE option, with open interest additions also seen in the 56600PE and 56600CE options. On the other hand, open interest reductions were prominent in the 60000CE, 52000PE, and 58500CE options. Trading volume was highest in the 56500PE option, followed by the 56600CE and 57000CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,621.15	0.941	0.855	0.849
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,41,68,885	2,42,83,284	-1,14,399
PUT:	2,27,50,125	2,07,52,725	19,97,400
Top CALL Open Interest:
Strike	OI	OI Change	Volume
57,000	18,09,075	3,15,285	9,54,733
58,000	14,14,290	-62,310	2,94,138
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
56,600	9,02,490	3,71,670	9,76,901
57,000	18,09,075	3,15,285	9,54,733
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
60,000	7,33,110	-5,21,700	93,765
58,500	8,40,825	-2,38,230	1,90,153
Top CALL Volume:
Strike	OI	OI Change	Volume
56,600	9,02,490	3,71,670	9,76,901
57,000	18,09,075	3,15,285	9,54,733
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	21,17,310	2,18,190	7,07,733
55,000	15,55,680	2,90,130	2,34,956
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
56,500	13,96,320	4,79,400	10,26,263
56,600	7,38,990	4,34,070	8,06,374
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
52,000	4,26,720	-2,80,470	58,314
53,500	5,52,780	-1,95,480	99,518
Top PUT Volume:
Strike	OI	OI Change	Volume
56,500	13,96,320	4,79,400	10,26,263
56,600	7,38,990	4,34,070	8,06,374

FINNIFTY Monthly Expiry (26/06/2025)

The FINNIFTY index closed at 26851.2. The FINNIFTY monthly expiry for JUNE 26, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.738 against previous 0.780. The 27500CE 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 27500CE option, with open interest additions also seen in the 26800PE and 27600CE options. On the other hand, open interest reductions were prominent in the 28000CE, 27900CE, and 25600PE options. Trading volume was highest in the 26800PE option, followed by the 26900CE and 26800CE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,851.20	0.738	0.780	0.967
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	29,59,450	24,79,230	4,80,220
PUT:	21,85,300	19,33,490	2,51,810
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,500	2,67,540	1,20,445	12,858
27,000	2,54,735	70,980	57,836
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,500	2,67,540	1,20,445	12,858
27,600	1,66,660	80,535	9,464
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
28,000	84,175	-1,28,635	5,036
27,900	34,905	-66,885	3,209
Top CALL Volume:
Strike	OI	OI Change	Volume
26,900	1,71,860	66,755	61,657
26,800	1,84,860	48,685	60,716
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,000	2,29,450	52,325	16,299
26,800	1,53,790	98,085	74,757
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,800	1,53,790	98,085	74,757
26,700	1,11,215	65,780	44,657
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,600	15,535	-64,155	4,049
24,000	45,890	-49,725	2,775
Top PUT Volume:
Strike	OI	OI Change	Volume
26,800	1,53,790	98,085	74,757
26,750	77,285	19,760	49,065

MIDCPNIFTY Monthly Expiry (26/06/2025)

The MIDCPNIFTY index closed at 13221.3. The MIDCPNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.029 against previous 1.057. The 13500CE option holds the maximum open interest, followed by the 13000PE and 12800PE options. Market participants have shown increased interest with significant open interest additions in the 13200PE option, with open interest additions also seen in the 12550PE and 13300CE options. On the other hand, open interest reductions were prominent in the 65600PE, 63000PE, and 63500CE options. Trading volume was highest in the 13200PE option, followed by the 13200CE and 13300CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,221.30	1.029	1.057	0.954
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	1,08,82,440	96,17,280	12,65,160
PUT:	1,11,92,640	1,01,64,360	10,28,280
Top CALL Open Interest:
Strike	OI	OI Change	Volume
13,500	12,39,000	1,88,160	74,764
13,400	7,02,840	1,90,320	82,202
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,300	6,16,320	1,93,920	1,11,584
13,400	7,02,840	1,90,320	82,202
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,000	3,57,120	-1,28,040	6,127
13,800	3,59,640	-80,640	10,165
Top CALL Volume:
Strike	OI	OI Change	Volume
13,200	5,99,640	23,640	1,37,908
13,300	6,16,320	1,93,920	1,11,584
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	9,20,160	96,120	73,467
12,800	7,44,840	-54,000	42,269
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,200	6,52,440	2,86,080	1,72,857
12,550	2,81,280	2,26,440	5,809
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,400	2,47,680	-2,28,240	8,573
12,000	5,22,720	-1,38,840	8,056
Top PUT Volume:
Strike	OI	OI Change	Volume
13,200	6,52,440	2,86,080	1,72,857
13,100	5,96,160	1,72,920	77,362

Conclusion: What the Future & Option Chain Analysis Tells Us

The 25th June F&O data sets a critical expiry battleground: Nifty’s 25,200 max pain and 25,200 put wall create a strong support floor, but resistance looms at 25,300–25,500. BankNifty’s 56,000–56,400 range and FINNIFTY’s 26,800 max pain favor tactical spreads, while MIDCPNIFTY’s 13,100 base offers selective opportunities. Traders should deploy 25,200 straddles and 56,500 strangles, leveraging global volatility. As the June series concludes, these F&O expiry signals—PCR rebounds, max pain clusters, and institutional rollovers—will dictate whether bulls hold the fort or bears force a volatile settlement.

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

Disclaimer

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