NIFTY 50 Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest (OI) for the current expiry shows a neutral buildup, meaning that both the index price and the total OI are flat relative to the previous close. With price unchanged at ₹22,421.95 and total OI also unchanged, there is no clear dominance of either long‑side accumulation (price ↑ + OI ↑) or short‑side accumulation (price ↓ + OI ↑). Consequently, market participants appear to be holding their existing positions rather than adding new directional bets, indicating a balanced stance between bullish and bearish outlooks for the underlying.

Put‑Call Ratio

The put‑call ratio (PCR) stands at 0.688, slightly higher than yesterday’s 0.647, showing a modest increase in put‑option interest relative to call‑option interest. This level, still well below the neutral 1.0 mark, suggests that call‑option buying continues to dominate, albeit with a marginally stronger put‑side presence than the previous session.

Futures OI

Futures open interest for this expiry registers a net change of zero, implying that the total number of contracts outstanding has neither expanded nor contracted over the last trading day. The flat futures OI reinforces the observation of a passive positioning environment, where traders are neither aggressively adding to nor unwinding futures exposure.

Data Summary

Overall, the key data point is the unchanged total OI of 19,68,13,760 for calls versus 13,53,49,175 for puts, reflecting a steady derivative landscape with no significant shift in market sentiment.