Unveiling Powerful F&O Market Signals: Is Nifty’s 25K Comeback for Real?

The F&O market signals on 16th June 2025 flashed a dramatic turnaround as Nifty futures surged 1.09% to 24,996.20, reclaiming the critical 25,000 mark with a sharp premium jump (+40.9 points) even as open interest dipped (-0.6%) and volumes softened (-1.1%). The weekly Put-Call Ratio (OI) for Nifty soared to 1.111 (from 0.712), signaling a sudden shift to aggressive put writing and short covering, while max pain aligned at 24,900—hinting at strong support just below spot. Monthly PCR (OI) also ticked up to 1.032, and heavy call additions at 26,500 and puts at 24,500 suggest traders are hedging for a wider expiry range.

BankNifty futures followed suit, rallying 0.90% to 56,112.40 with a massive premium spike (+80.45 points), but a 3.4% OI drop and max pain at 56,000 reveal profit booking and short covering are in play. The PCR (OI) for BankNifty climbed to 0.744, but remains below 1, reflecting a cautious undertone despite the bounce. Meanwhile, FINNIFTY and MIDCPNIFTY futures posted healthy gains, with their PCRs rising to 0.701 and 1.177 respectively—pointing to renewed optimism in financials and midcaps.

Sensex futures also rebounded 0.97% to 81,792.60, with OI surging 52.8% and a strong PCR (OI) jump to 1.104, indicating robust hedging and a potential shift in sentiment as the week kicks off.

NSE & BSE F&O Market Signals

NIFTY JUNE Future

NIFTY Spot closed at: 24,946.50 (0.92%)

NIFTY JUNE Future closed at: 24,996.20 (1.09%)

Premium: 49.7 (Increased by 40.9 points)

Open Interest Change: -0.6%

Volume Change: -1.1%

NIFTY Weekly Expiry (19/06/2025) Option Analysis

Put-Call Ratio (OI): 1.111 (Increased from 0.712)

Put-Call Ratio (Volume): 0.724

Max Pain Level: 24900

Maximum CALL OI: 26000

Maximum PUT OI: 22800

Highest CALL Addition: 25300

Highest PUT Addition: 24800

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

Put-Call Ratio (OI): 1.032 (Increased from 0.984)

Put-Call Ratio (Volume): 0.843

Max Pain Level: 24900

Maximum CALL OI: 26000

Maximum PUT OI: 24500

Highest CALL Addition: 26500

Highest PUT Addition: 24500

BANKNIFTY JUNE Future

BANKNIFTY Spot closed at: 55,944.90 (0.75%)

BANKNIFTY JUNE Future closed at: 56,112.40 (0.90%)

Premium: 167.5 (Increased by 80.45 points)

Open Interest Change: -3.4%

Volume Change: -6.1%

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

Put-Call Ratio (OI): 0.744 (Increased from 0.680)

Put-Call Ratio (Volume): 0.715

Max Pain Level: 56000

Maximum CALL OI: 56000

Maximum PUT OI: 56000

Highest CALL Addition: 64500

Highest PUT Addition: 55500

FINNIFTY JUNE Future

FINNIFTY Spot closed at: 26,554.75 (0.83%)

FINNIFTY JUNE Future closed at: 26,635.90 (0.97%)

Premium:  81.15 (Increased by 36.55 points)

Open Interest Change: -1.8%

Volume Change: -39.9%

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

Put-Call Ratio (OI): 0.701 (Increased from 0.621)

Put-Call Ratio (Volume): 1.027

Max Pain Level: 26600

Maximum CALL OI: 27000

Maximum PUT OI: 26500

Highest CALL Addition: 27700

Highest PUT Addition: 26300

MIDCPNIFTY JUNE Future

MIDCPNIFTY Spot closed at: 13,107.50 (0.89%)

MIDCPNIFTY JUNE Future closed at: 13,148.50 (1.04%)

Premium: 41 (Increased by 19.8 points)

Open Interest Change: 0.9%

Volume Change: -14.7%

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

Put-Call Ratio (OI): 1.177 (Increased from 1.015)

Put-Call Ratio (Volume): 0.879

Max Pain Level: 13000

Maximum CALL OI: 14000

Maximum PUT OI: 13000

Highest CALL Addition: 13100

Highest PUT Addition: 13000

SENSEX Weekly Expiry (17/06/2025) Future

SENSEX Spot closed at: 81,796.15 (0.84%)

SENSEX Weekly Future closed at: 81,792.60 (0.97%)

Discount: -3.55 (Increased by 111.9 points)

Open Interest Change: 52.8%

Volume Change: -2.5%

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

Put-Call Ratio (OI): 1.104 (Increased from 0.606)

Put-Call Ratio (Volume): 0.737

Max Pain Level: 81700

Maximum CALL OI: 83000

Maximum PUT OI: 80000

Highest CALL Addition: 81800

Highest PUT Addition: 80000

FII & DII Cash Market Activity

FIIs Net SELL: ₹ 2,539.42 Cr
DIIs Net Buy: ₹ 5,780.96 Cr

FII Derivatives Activity

FII Trading Stats	16.06.25	13.06.25	12.06.25
FII Cash (Provisional Data)	-2,539.42	-1,263.52	-3,831.42
Index Future Open Interest Long Ratio	20.21%	19.07%	19.56%
Index Future Volume Long Ratio	53.15%	44.90%	37.82%
Call Option Open Interest Long Ratio	58.62%	59.03%	59.83%
Call Option Volume Long Ratio	49.98%	50.05%	49.83%
Put Option Open Interest Long Ratio	58.69%	60.81%	62.95%
Put Option Volume Long Ratio	49.72%	49.89%	50.04%
Stock Future Open Interest Long Ratio	62.29%	62.03%	62.48%
Stock Future Volume Long Ratio	53.92%	46.19%	42.40%
Index Futures	Fresh Long	Fresh Short	Fresh Short
Index Options	Fresh Short	Fresh Short	Long Covering
Nifty Futures	Fresh Long	Short Covering	Fresh Short
Nifty Options	Fresh Short	Fresh Short	Long Covering
BankNifty Futures	Short Covering	Fresh Short	Fresh Short
BankNifty Options	Fresh Short	Fresh Long	Fresh Long
FinNifty Futures	Fresh Long	Short Covering	Long Covering
FinNifty Options	Fresh Long	Fresh Short	Fresh Long
MidcpNifty Futures	Fresh Long	Fresh Short	Fresh Short
MidcpNifty Options	Fresh Short	Fresh Short	Fresh Long
NiftyNxt50 Futures	Fresh Short	Short Covering	Long Covering
NiftyNxt50 Options	Fresh Long	Fresh Short	Long Covering
Stock Futures	Fresh Long	Long Covering	Long Covering
Stock Options	Fresh Short	Fresh Short	Fresh Short

NSE & BSE F&O market Trends : Options Insights

NIFTY Weekly Expiry (19/06/2025)

The NIFTY index closed at 24946.5. The NIFTY weekly expiry for JUNE 19, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.111 against previous 0.712. The 22800PE option holds the maximum open interest, followed by the 23500PE and 26000CE options. Market participants have shown increased interest with significant open interest additions in the 24800PE option, with open interest additions also seen in the 24900PE and 22800PE options. On the other hand, open interest reductions were prominent in the 25000CE, 25800CE, and 22850PE options. Trading volume was highest in the 25000CE option, followed by the 24900CE and 24800PE options, indicating active trading in these strikes.

NIFTY	Weekly	Expiry:	19-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,946.50	1.111	0.712	0.724
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	12,21,67,275	11,96,93,775	24,73,500
PUT:	13,57,57,275	8,52,49,350	5,05,07,925
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	94,99,200	8,44,725	7,01,121
25,500	82,08,075	15,10,650	14,56,565
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
25,300	74,71,050	23,66,325	15,28,696
25,500	82,08,075	15,10,650	14,56,565
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	54,16,125	-28,16,250	28,98,713
25,800	43,08,300	-12,34,800	5,96,984
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	54,16,125	-28,16,250	28,98,713
24,900	39,03,525	9,02,250	23,45,165
Top PUT Open Interest:
Strike	OI	OI Change	Volume
22,800	1,16,40,900	38,26,500	7,98,277
23,500	97,37,700	21,22,500	5,15,701
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,800	70,09,050	52,63,200	19,62,171
24,900	57,03,975	44,43,675	15,88,065
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
22,850	7,81,875	-11,23,800	1,69,007
23,050	1,94,850	-17,325	40,470
Top PUT Volume:
Strike	OI	OI Change	Volume
24,800	70,09,050	52,63,200	19,62,171
24,900	57,03,975	44,43,675	15,88,065

SENSEX Weekly Expiry (17/06/2025)

The SENSEX index closed at 81796.15. The SENSEX weekly expiry for JUNE 17, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.104 against previous 0.606. The 83000CE option holds the maximum open interest, followed by the 80000PE and 79000PE options. Market participants have shown increased interest with significant open interest additions in the 80000PE option, with open interest additions also seen in the 79000PE and 81500PE options. On the other hand, open interest reductions were prominent in the 85500CE, 81000CE, and 86000CE options. Trading volume was highest in the 82000CE option, followed by the 83000CE and 82500CE options, indicating active trading in these strikes.

SENSEX	Weekly	Expiry:	17-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
81796.15	1.104	0.606	0.737
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,12,43,960	2,03,32,920	9,11,040
PUT:	2,34,48,920	1,23,29,889	1,11,19,031
Top CALL Open Interest:
Strike	OI	OI Change	Volume
83000	17,19,080	1,74,820	5,22,17,920
84000	14,52,220	1,20,620	1,57,64,380
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
81800	5,49,020	3,68,780	3,86,89,920
83500	12,30,580	2,85,440	1,91,28,880
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
85500	3,53,280	-1,96,500	31,32,740
81000	2,58,740	-1,86,640	75,05,280
Top CALL Volume:
Strike	OI	OI Change	Volume
82000	8,14,160	1,30,320	6,06,05,840
83000	17,19,080	1,74,820	5,22,17,920
Top PUT Open Interest:
Strike	OI	OI Change	Volume
80000	15,05,620	9,36,200	2,91,30,640
79000	14,56,880	8,32,240	1,58,16,820
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
80000	15,05,620	9,36,200	2,91,30,640
79000	14,56,880	8,32,240	1,58,16,820
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
74500	25,440	-44,880	4,27,560
75500	1,36,000	-31,240	10,85,360
Top PUT Volume:
Strike	OI	OI Change	Volume
81000	11,37,440	4,40,520	3,89,37,540
80000	15,05,620	9,36,200	2,91,30,640

NIFTY Monthly Expiry (26/06/2025)

The NIFTY index closed at 24946.5. The NIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.032 against previous 0.984. The 26000CE option holds the maximum open interest, followed by the 24500PE and 25000CE options. Market participants have shown increased interest with significant open interest additions in the 24500PE option, with open interest additions also seen in the 24800PE and 24900PE options. On the other hand, open interest reductions were prominent in the 25000CE, 24600CE, and 24000PE options. Trading volume was highest in the 25000CE option, followed by the 25500CE and 24500PE options, indicating active trading in these strikes.

NIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
24,946.50	1.032	0.984	0.843
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	6,32,57,275	6,06,99,250	25,58,025
PUT:	6,52,81,350	5,97,38,700	55,42,650
Top CALL Open Interest:
Strike	OI	OI Change	Volume
26,000	63,72,600	32,050	1,17,457
25,000	56,57,025	-4,26,525	1,94,470
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
26,500	25,09,875	5,65,275	43,122
25,300	17,55,825	3,75,375	70,860
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	56,57,025	-4,26,525	1,94,470
24,600	6,03,075	-2,39,250	19,444
Top CALL Volume:
Strike	OI	OI Change	Volume
25,000	56,57,025	-4,26,525	1,94,470
25,500	50,87,625	-1,71,225	1,37,219
Top PUT Open Interest:
Strike	OI	OI Change	Volume
24,500	56,93,775	10,33,875	1,17,499
24,000	45,80,650	-2,23,750	1,02,000
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
24,500	56,93,775	10,33,875	1,17,499
24,800	30,25,125	8,04,825	1,10,219
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
24,000	45,80,650	-2,23,750	1,02,000
25,100	8,69,850	-1,76,850	26,688
Top PUT Volume:
Strike	OI	OI Change	Volume
24,500	56,93,775	10,33,875	1,17,499
25,000	42,97,200	3,27,225	1,16,631

BANKNIFTY Monthly Expiry (26/06/2025)

The BANKNIFTY index closed at 55944.9. The BANKNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 0.744 against previous 0.680. The 56000CE option holds the maximum open interest, followed by the 56000PE and 60000CE options. Market participants have shown increased interest with significant open interest additions in the 55500PE option, with open interest additions also seen in the 56000PE and 64500CE options. On the other hand, open interest reductions were prominent in the 61000CE, 52000PE, and 54500PE options. Trading volume was highest in the 56000CE option, followed by the 55500CE and 55500PE options, indicating active trading in these strikes.

BANKNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
55,944.90	0.744	0.680	0.715
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	2,33,77,110	2,35,55,319	-1,78,209
PUT:	1,73,96,250	1,60,23,660	13,72,590
Top CALL Open Interest:
Strike	OI	OI Change	Volume
56,000	21,08,040	15,000	2,35,418
60,000	16,65,660	-48,510	79,382
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
64,500	7,00,830	1,61,220	19,230
55,900	2,04,150	89,460	88,532
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
61,000	9,05,670	-3,05,790	41,273
55,500	5,41,710	-1,04,280	1,84,891
Top CALL Volume:
Strike	OI	OI Change	Volume
56,000	21,08,040	15,000	2,35,418
55,500	5,41,710	-1,04,280	1,84,891
Top PUT Open Interest:
Strike	OI	OI Change	Volume
56,000	19,83,570	1,89,540	1,25,650
55,000	13,47,330	1,42,560	1,16,759
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
55,500	10,19,220	2,71,290	1,83,351
56,000	19,83,570	1,89,540	1,25,650
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
52,000	6,86,610	-1,43,880	57,420
54,500	5,86,740	-1,07,340	58,967
Top PUT Volume:
Strike	OI	OI Change	Volume
55,500	10,19,220	2,71,290	1,83,351
56,000	19,83,570	1,89,540	1,25,650

FINNIFTY Monthly Expiry (26/06/2025)

The FINNIFTY index closed at 26554.75. The FINNIFTY monthly expiry for JUNE 26, 2025, has revealed key trends in open interest. The current Put/Call Ratio is at 0.701 against previous 0.621. The 27000CE option holds the maximum open interest, followed by the 28000CE and 28500CE options. Market participants have shown increased interest with significant open interest additions in the 26300PE option, with open interest additions also seen in the 24800PE and 26550PE options. On the other hand, open interest reductions were prominent in the 28500CE, 25000PE, and 29000CE options. Trading volume was highest in the 26300PE option, followed by the 26500CE and 26500PE options, indicating active trading in these strikes.

FINNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
26,554.75	0.701	0.621	1.027
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	14,33,250	14,43,910	-10,660
PUT:	10,05,160	8,96,350	1,08,810
Top CALL Open Interest:
Strike	OI	OI Change	Volume
27,000	1,52,100	-10,790	3,770
28,000	1,09,200	3,835	2,493
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
27,700	74,295	16,835	967
27,600	44,200	16,640	938
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
28,500	98,215	-25,090	1,480
29,000	64,480	-10,985	639
Top CALL Volume:
Strike	OI	OI Change	Volume
26,500	50,180	6,175	4,772
27,000	1,52,100	-10,790	3,770
Top PUT Open Interest:
Strike	OI	OI Change	Volume
26,500	89,375	12,155	4,362
24,500	83,720	15,730	1,113
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
26,300	79,885	39,195	13,643
24,800	28,405	20,475	690
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
25,000	52,000	-11,895	974
26,850	13,130	-10,725	270
Top PUT Volume:
Strike	OI	OI Change	Volume
26,300	79,885	39,195	13,643
26,500	89,375	12,155	4,362

MIDCPNIFTY Monthly Expiry (26/06/2025)

The MIDCPNIFTY index closed at 13107.5. The MIDCPNIFTY monthly expiry for JUNE 26, 2025 has revealed key trends in open interest. The current Put/Call Ratio is at 1.177 against previous 1.015. The 13000PE option holds the maximum open interest, followed by the 14000CE and 13500CE options. Market participants have shown increased interest with significant open interest additions in the 13000PE option, with open interest additions also seen in the 13100PE and 12500PE options. On the other hand, open interest reductions were prominent in the 66800CE, 70000CE, and 67300CE options. Trading volume was highest in the 13000PE option, followed by the 13000CE and 13500CE options, indicating active trading in these strikes.

MIDCPNIFTY	Monthly	Expiry:	26-06-2025
Index Spot	PCR OI	Prev PCR OI	PCR VOL
13,107.50	1.177	1.015	0.879
Total Open Interest Change in all CALLs & PUTs:
	Current	Prior	Net Ch
CALL:	54,54,240	55,35,600	-81,360
PUT:	64,21,560	56,16,600	8,04,960
Top CALL Open Interest:
Strike	OI	OI Change	Volume
14,000	6,17,520	-56,640	8,457
13,500	6,14,520	-37,920	17,184
Top CALL Open Interest addition:
Strike	OI	OI Change	Volume
13,100	1,66,680	63,120	13,719
13,450	66,600	49,080	970
Top CALL Open Interest reduction:
Strike	OI	OI Change	Volume
14,200	82,320	-1,13,280	2,315
14,000	6,17,520	-56,640	8,457
Top CALL Volume:
Strike	OI	OI Change	Volume
13,000	4,83,000	31,440	24,561
13,500	6,14,520	-37,920	17,184
Top PUT Open Interest:
Strike	OI	OI Change	Volume
13,000	7,69,080	1,73,280	26,009
12,500	5,92,200	1,17,000	11,649
Top PUT Open Interest addition:
Strike	OI	OI Change	Volume
13,000	7,69,080	1,73,280	26,009
13,100	2,19,480	1,32,000	8,375
Top PUT Open Interest reduction:
Strike	OI	OI Change	Volume
12,300	1,57,680	-27,960	3,606
12,100	1,34,520	-17,160	1,493
Top PUT Volume:
Strike	OI	OI Change	Volume
13,000	7,69,080	1,73,280	26,009
12,900	2,56,440	51,960	13,051

Conclusion: What the Future & Option Chain Analysis Tells Us

The 16th June F&O data signals a potential inflection point: Nifty’s reclaiming of 25,000, coupled with a sharp rise in PCRs and max pain clustering at 24,900, suggests bulls are regaining control, at least in the short term . However, the premium spikes and OI declines across indices warn that much of the move could be driven by short covering and not fresh long buildup, making the rally susceptible to profit booking.

BankNifty’s 56,000 max pain and heavy call writing at 64,500 indicate resistance remains stiff, while FINNIFTY and MIDCPNIFTY’s improving PCRs favor sector-specific plays in financials and midcaps. Traders should closely watch the 24,900–25,100 zone in Nifty and the 56,000–56,500 band in BankNifty for confirmation of trend continuation. Deploying hedged strategies—such as 25,000 straddles or 56,000 BankNifty spreads—can help navigate volatility as expiry approaches. As global cues and institutional flows remain in flux, staying nimble and aligning with these F&O market signals will be crucial to capitalizing on the next big move.

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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