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NIFTY Midcap Select

NSE: MIDCPNIFTY · Lot size: 75 · Monthly expiry

OverviewOption ChainOI AnalysisMax Pain

NIFTY Midcap Select Open Interest & PCR Analysis

₹13,919.05Updated 27 Apr 2026, 10:00 am IST
PCR
1.16
Neutral
Max Pain
13,800
Spot above by 119
Total CE OI
9.33M
Call writers
Total PE OI
10.78M
Put writers
OI Buildup Signal
Neutral
Price movement < 0.3% threshold
Put-Call Ratio Gauge
0 — Bearish1.0 — Neutral2.0+ — Bullish
AI AnalysisGenerated daily after market close · AI-powered

OI Buildup Read

Neutral buildup prevails with no change in total open interest amid flat price action. This suggests equilibrium between longs and shorts, with neither side aggressively accumulating positions. The signal strength is weak, reflecting indecision in the broader market.

Put-Call Ratio Signal

PCR holds steady at 1.155, in line with yesterday’s level, indicating sustained put dominance. A ratio above 1.0 conveys a contrarian-bullish sentiment, suggesting oversold conditions or prudent hedging by traders.

Futures Confirmation

Futures open interest remains at 0, showing no participation from directional future traders. This absence fails to confirm any emerging options-based bias, leaving the structure unanchored to spot-futures momentum.

Bias for Tomorrow

Neutral bias persists; break below 13850 invalidates the range and triggers short-term bearish momentum.

Data as of 2026-04-27

Frequently Asked Questions

What is NIFTY Midcap Select PCR (Put-Call Ratio) today?▾
NIFTY Midcap Select's current PCR is 1.16. A PCR above 1.2 is considered bullish (more put writing = floor support); below 0.8 is bearish; 0.8–1.2 is neutral. NIFTY Midcap Select's PCR of 1.16 indicates neutral sentiment.
What is NIFTY Midcap Select OI buildup type today?▾
NIFTY Midcap Select is currently showing neutral positioning with no significant directional bias. This is determined by comparing today's price change direction with the direction of total OI change — using the standard F&O buildup classification framework.
What is total CE and PE open interest for NIFTY Midcap Select?▾
NIFTY Midcap Select has total CE (call) OI of 9334440 contracts and total PE (put) OI of 10778400 contracts for the nearest expiry. The PCR is 1.16.
How is open interest analysis useful for NIFTY Midcap Select trading?▾
OI analysis for NIFTY Midcap Select helps identify institutional positioning. High CE OI at a strike = call writers defending that level (resistance). High PE OI = put writers defending that level (support). The buildup type tells you whether smart money is building fresh positions (bullish/bearish) or exiting existing ones.
What is the max pain for NIFTY Midcap Select?▾
NIFTY Midcap Select's max pain is ₹13,800 — the strike price where option writers (sellers) collectively suffer the least financial loss at expiry. The current spot price vs max pain deviation guides near-term directional bias into expiry.