Unmasking Critical F&O market signals: Will Nifty Hold 25K?

The F&O market signals on 11th June 2025 revealed cautious optimism as Nifty futures edged up 0.20% to 25,211.70, buoyed by a premium surge (+13.95 points) and sectoral strength in IT and Oil & Gas. BankNifty futures, however, lagged at 56,648.60 (-0.20%), with monthly PCR (OI) slipping to 0.920 amid call writing at 61,000. Nifty’s weekly max pain shifted to 25,100, while aggressive put additions at 25,200 and call buildup at 25,250 signaled a battleground before Thursday’s weekly expiry. MIDCPNIFTY’s premium spike (+21.8 points) contrasted with its spot decline (-0.56%), reflecting sectoral divergence. With US inflation data looming, let’s decode the F&O market signals shaping this high-stakes consolidation.

NSE & BSE F&O market signals

NIFTY JUNE Future

NIFTY Spot closed at: 25,141.40 (0.15%)

NIFTY JUNE Future closed at: 25,211.70 (0.20%)

Premium: 70.3 (Increased by 13.95 points)

Open Interest Change: -0.7%

Volume Change: 32.3%

NIFTY Weekly Expiry (12/06/2025) Option Analysis

Put-Call Ratio (OI): 0.872 (Decreased from 0.876)

Put-Call Ratio (Volume): 0.814

Max Pain Level: 25100

Maximum CALL OI: 26000

Maximum PUT OI: 24500

Highest CALL Addition: 25250

Highest PUT Addition: 25200

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

Put-Call Ratio (OI): 1.131 (Increased from 1.117)

Put-Call Ratio (Volume): 1.053

Max Pain Level: 25000

Maximum CALL OI: 26000

Maximum PUT OI: 24500

Highest CALL Addition: 25800

Highest PUT Addition: 24200

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 56,459.75 (-0.30%)

BANKNIFTY JUNE Future closed at: 56,648.60 (-0.20%)

Premium: 188.85 (Increased by 53.35 points)

Open Interest Change: -1.5%

Volume Change: 20.1%

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

Put-Call Ratio (OI): 0.920 (Decreased from 0.945)

Put-Call Ratio (Volume): 0.910

Max Pain Level: 56000

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 61000

Highest PUT Addition: 52000

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,789.95 (-0.29%)

FINNIFTY JUNE Future closed at: 26,889.90 (-0.19%)

Premium:  99.95 (Increased by 26.2 points)

Open Interest Change: -10.9%

Volume Change: 81.7%

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

Put-Call Ratio (OI): 0.769 (Increased from 0.761)

Put-Call Ratio (Volume): 0.890

Max Pain Level: 26800

Maximum CALL OI: 29500

Maximum PUT OI: 27000

Highest CALL Addition: 29000

Highest PUT Addition: 26450

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 13,237.55 (-0.56%)

MIDCPNIFTY JUNE Future closed at: 13,274.40 (-0.39%)

Premium: 36.85 (Increased by 21.8 points)

Open Interest Change: -0.7%

Volume Change: -11.6%

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

Put-Call Ratio (OI): 1.052 (Decreased from 1.216)

Put-Call Ratio (Volume): 0.733

Max Pain Level: 13000

Maximum CALL OI: 14000

Maximum PUT OI: 12500

Highest CALL Addition: 13300

Highest PUT Addition: 13300

SENSEX Weekly Expiry (17/06/2025) Future

SENSEX Spot closed at: 82,515.14 (0.15%)

SENSEX Weekly Future closed at: 82,590.20 (0.20%)

Premium: 75.06 (Increased by 44.93 points)

Open Interest Change: 24.0%

Volume Change: 31.5%

SENSEX Weekly Expiry (17/06/2025) Option Analysis

Put-Call Ratio (OI): 0.713 (Decreased from 0.725)

Put-Call Ratio (Volume): 0.707

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: ₹ 446.31 Cr
DIIs Net Buy: ₹ 1,584.87 Cr

FII Derivatives Activity

FII Trading Stats	11.06.25	10.06.25	9.06.25
FII Cash (Provisional Data)	-446.31	2,301.87	1,992.87
Index Future Open Interest Long Ratio	22.17%	19.97%	19.66%
Index Future Volume Long Ratio	60.99%	55.96%	45.56%
Call Option Open Interest Long Ratio	61.34%	55.18%	55.84%
Call Option Volume Long Ratio	51.07%	49.94%	49.58%
Put Option Open Interest Long Ratio	63.41%	57.43%	56.59%
Put Option Volume Long Ratio	51.10%	50.27%	49.77%
Stock Future Open Interest Long Ratio	63.40%	63.51%	63.83%
Stock Future Volume Long Ratio	48.51%	46.11%	50.00%
Index Futures	Fresh Long	Short Covering	Long Covering
Index Options	Fresh Long	Fresh Long	Fresh Short
Nifty Futures	Fresh Long	Short Covering	Fresh Short
Nifty Options	Fresh Long	Fresh Long	Fresh Short
BankNifty Futures	Long Covering	Long Covering	Long Covering
BankNifty Options	Long Covering	Fresh Long	Fresh Short
FinNifty Futures	Fresh Long	Fresh Long	Fresh Long
FinNifty Options	Fresh Long	Fresh Short	Fresh Short
MidcpNifty Futures	Fresh Short	Long Covering	Long Covering
MidcpNifty Options	Fresh Short	Fresh Long	Fresh Short
NiftyNxt50 Futures	Long Covering	Fresh Long	Fresh Long
NiftyNxt50 Options	Fresh Short	Fresh Long	Fresh Long
Stock Futures	Long Covering	Long Covering	Fresh Long
Stock Options	Fresh Short	Fresh Short	Fresh Short

NSE & BSE F&O market signals : Options Insights

NIFTY Weekly Expiry (12/06/2025)

The NIFTY index closed at 25141.4. The NIFTY weekly expiry for JUNE 12, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.872 against previous 0.876. The 26000CE option holds the maximum open interest, followed by the 25500CE and 25200CE options. Market participants have shown increased interest with significant open interest additions in the 25200PE option, with open interest additions also seen in the 25100PE and 25150PE options. On the other hand, open interest reductions were prominent in the 24000PE, 25100CE, and 25000CE options. Trading volume was highest in the 25200CE option, followed by the 25100PE and 25150CE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	12-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,141.40	0.872	0.876	0.814
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	16,98,58,575	16,92,67,725	5,90,850
PUT:	14,80,54,425	14,82,45,000	-1,90,575
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	1,43,11,950	-15,65,625	13,49,452
25,500	1,22,72,325	6,97,575	29,28,257
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,250	51,51,900	19,81,350	32,52,748
25,700	69,98,850	17,16,225	15,99,063
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,100	62,99,025	-23,62,725	44,83,025
25,000	31,72,200	-18,02,850	12,55,033
Top CALL Volume:
Strike	OI	OI Change	Volume
25,200	1,06,15,125	10,86,525	65,00,612
25,150	54,40,725	-2,00,400	46,35,089
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	98,23,050	16,29,375	13,64,066
25,000	91,68,600	9,27,375	35,33,936
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
25,200	54,15,750	32,01,150	36,80,588
25,100	88,05,675	25,50,600	50,27,411
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	82,12,050	-24,20,475	7,83,887
23,800	23,32,050	-15,11,325	2,51,587
Top PUT Volume:
Strike	OI	OI Change	Volume
25,100	88,05,675	25,50,600	50,27,411
25,200	54,15,750	32,01,150	36,80,588

SENSEX Weekly Expiry (17/06/2025)

The SENSEX index closed at 82515.14. The SENSEX weekly expiry for JUNE 17, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.713 against previous 0.725. The 85000CE option holds the maximum open interest, followed by the 86000CE and 84000CE options. Market participants have shown increased interest with significant open interest additions in the 85000CE option, with open interest additions also seen in the 86000CE and 82500PE options. On the other hand, open interest reductions were prominent in the 81000CE, 80000CE, and 72600PE options. Trading volume was highest in the 82500CE option, followed by the 82500PE and 85000CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	17-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
82515.14	0.713	0.725	0.707
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	71,08,280	25,42,289	45,65,991
PUT:	50,70,540	18,42,940	32,27,600
Top CALL Open Interest:
Strike	OI	OI Change	Volume
85000	7,88,560	4,58,880	68,82,260
86000	6,56,760	3,60,660	29,25,200
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
85000	7,88,560	4,58,880	68,82,260
86000	6,56,760	3,60,660	29,25,200
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
81000	39,660	-4,640	28,200
80000	45,620	-980	7,880
Top CALL Volume:
Strike	OI	OI Change	Volume
82500	3,01,160	1,23,120	82,85,440
85000	7,88,560	4,58,880	68,82,260
Top PUT Open Interest:
Strike	OI	OI Change	Volume
82500	3,45,860	2,16,820	82,32,880
80000	3,35,080	1,94,480	32,43,860
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
82500	3,45,860	2,16,820	82,32,880
80000	3,35,080	1,94,480	32,43,860
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
72600	400	-320	3,300
72700	440	-220	400
Top PUT Volume:
Strike	OI	OI Change	Volume
82500	3,45,860	2,16,820	82,32,880
82400	1,54,840	68,340	42,50,320

NIFTY Monthly Expiry (26/06/2025)

The NIFTY index closed at 25141.4. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.131 against previous 1.117. The 26000CE option holds the maximum open interest, followed by the 24500PE and 24000PE options. Market participants have shown increased interest with significant open interest additions in the 25800CE option, with open interest additions also seen in the 24200PE and 25200CE options. On the other hand, open interest reductions were prominent in the 25500CE, 30000CE, and 29000CE options. Trading volume was highest in the 26000CE option, followed by the 25500CE and 25000PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
25,141.40	1.131	1.117	1.053
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	5,00,88,600	4,77,11,000	23,77,600
PUT:	5,66,52,775	5,32,92,625	33,60,150
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	58,74,150	1,61,000	88,281
25,500	38,87,775	-4,06,650	84,037
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,800	21,68,700	13,09,800	53,540
25,200	18,96,525	5,72,775	53,093
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,500	38,87,775	-4,06,650	84,037
30,000	34,72,650	-1,76,925	11,979
Top CALL Volume:
Strike	OI	OI Change	Volume
26,000	58,74,150	1,61,000	88,281
25,500	38,87,775	-4,06,650	84,037
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	52,27,800	70,125	54,977
24,000	47,46,725	2,10,900	66,264
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,200	18,82,050	10,50,225	37,690
25,200	13,10,775	4,92,900	51,285
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
23,500	21,07,125	-1,11,525	25,181
22,000	27,22,300	-85,675	6,593
Top PUT Volume:
Strike	OI	OI Change	Volume
25,000	43,70,350	3,50,150	71,022
24,000	47,46,725	2,10,900	66,264

BANKNIFTY Monthly Expiry (26/06/2025)

The BANKNIFTY index closed at 56459.75. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.920 against previous 0.945. The 56000PE option holds the maximum open interest, followed by the 56000CE and 57000CE options. Market participants have shown increased interest with significant open interest additions in the 61000CE option, with open interest additions also seen in the 52000PE and 50000PE options. On the other hand, open interest reductions were prominent in the 63000CE, 49000PE, and 62000CE options. Trading volume was highest in the 57000CE option, followed by the 56500PE and 56500CE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
56,459.75	0.920	0.945	0.910
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,03,47,080	1,93,47,675	9,99,405
PUT:	1,87,29,390	1,82,76,459	4,52,931
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	19,03,230	17,640	29,621
57,000	14,52,180	86,235	1,80,815
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
61,000	11,67,390	2,55,630	65,560
58,000	9,79,650	90,210	93,125
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
63,000	9,39,270	-1,68,480	47,621
62,000	8,67,540	-98,610	32,904
Top CALL Volume:
Strike	OI	OI Change	Volume
57,000	14,52,180	86,235	1,80,815
56,500	6,81,060	80,850	1,52,947
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	20,90,640	68,610	1,16,921
55,000	13,74,330	26,520	74,626
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
52,000	9,12,720	1,74,630	38,360
50,000	7,71,690	1,09,470	35,872
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
49,000	5,23,170	-99,240	19,588
49,500	1,83,330	-49,650	11,322
Top PUT Volume:
Strike	OI	OI Change	Volume
56,500	7,54,860	-3,240	1,75,636
56,600	2,30,580	26,160	1,23,892

FINNIFTY Monthly Expiry (26/06/2025)

The FINNIFTY index closed at 26789.95. The FINNIFTY monthly expiry for JUNE 26, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.769 against previous 0.761. The 29500CE option holds the maximum open interest, followed by the 27000CE and 29000CE options. Market participants have shown increased interest with significant open interest additions in the 29000CE option, with open interest additions also seen in the 26450PE and 25000PE options. On the other hand, open interest reductions were prominent in the 27500CE, 29500CE, and 27000PE options. Trading volume was highest in the 27000CE option, followed by the 26900PE and 26800PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,789.95	0.769	0.761	0.890
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	11,54,920	10,02,040	1,52,880
PUT:	8,88,485	7,62,970	1,25,515
Top CALL Open Interest:
Strike	OI	OI Change	Volume
29,500	1,43,325	-6,565	758
27,000	1,24,930	12,090	5,864
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
29,000	78,390	22,360	1,241
28,200	30,160	16,315	1,222
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
27,500	64,415	-7,020	2,073
29,500	1,43,325	-6,565	758
Top CALL Volume:
Strike	OI	OI Change	Volume
27,000	1,24,930	12,090	5,864
26,900	22,620	5,460	3,342
Top PUT Open Interest:
Strike	OI	OI Change	Volume
27,000	68,380	-5,135	3,649
25,500	66,950	1,105	463
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,450	37,245	21,060	746
25,000	57,980	17,875	1,143
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
27,000	68,380	-5,135	3,649
25,700	10,790	-2,860	342
Top PUT Volume:
Strike	OI	OI Change	Volume
26,900	24,570	-585	4,077
26,800	30,290	5,395	3,868

MIDCPNIFTY Monthly Expiry (26/06/2025)

The MIDCPNIFTY index closed at 13237.55. The MIDCPNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.052 against previous 1.216. The 14000CE option holds the maximum open interest, followed by the 13500CE and 12500PE options. Market participants have shown increased interest with significant open interest additions in the 13300CE option, with open interest additions also seen in the 14000CE and 13300PE options. On the other hand, open interest reductions were prominent in the 68000CE, 70000CE, and 68000PE options. Trading volume was highest in the 13300CE option, followed by the 13500CE and 13300PE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,237.55	1.052	1.216	0.733
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	51,23,400	43,59,720	7,63,680
PUT:	53,91,960	52,99,800	92,160
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	6,34,800	1,74,120	14,298
13,500	5,86,560	-8,280	18,266
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,300	3,42,240	1,94,040	18,361
14,000	6,34,800	1,74,120	14,298
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
13,350	59,760	-28,800	5,511
13,325	50,400	-20,040	6,013
Top CALL Volume:
Strike	OI	OI Change	Volume
13,300	3,42,240	1,94,040	18,361
13,500	5,86,560	-8,280	18,266
Top PUT Open Interest:
Strike	OI	OI Change	Volume
12,500	5,43,000	-21,360	4,875
13,000	5,14,920	12,120	8,189
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,300	2,39,040	89,880	15,739
13,200	1,78,680	49,320	10,938
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
13,350	50,040	-38,280	4,608
12,500	5,43,000	-21,360	4,875
Top PUT Volume:
Strike	OI	OI Change	Volume
13,300	2,39,040	89,880	15,739
13,200	1,78,680	49,320	10,938

Conclusion: What the Future & Option Chain Analysis Tells Us

The 11th June F&O data underscores a market at a crossroads: Nifty’s 25,100-25,000 support (aligned with weekly & monthly max pain) and 25,250-25,800 call wall suggest a breakout hinges on reclaiming 25,250. BankNifty’s 56,000 max pain and both highest CALL & PUT Open Interest at 56,000 indicate a balanced derivative market, requiring a close above 56,500 to sustain momentum. MIDCPNIFTY’s 13,000 support and FINNIFTY’s 26,800 max pain favor selective midcap/financial plays, but SENSEX’s PCR drop (0.713) and premium volatility reflect broad-based caution. Traders should deploy 25,000 puts and 56,500 BankNifty calls for monthly expiry, tracking US CPI and FED policy cues.

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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