Anand Rathi Wealth Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current expiry shows a neutral buildup, as the underlying price remains flat at ₹2,264.6 while total open interest is unchanged and market participants appear indifferent to short‑term catalysts. Call open interest stands at 304,500 contracts and put open interest at 776,750 contracts, indicating a higher absolute put exposure. Since both call and put OI are static and the price shows no directional move, neither long nor short participants are expanding positions this day, therefore the market is in a consolidation phase, awaiting a trigger for directional bias.

Put-Call Ratio

The put‑call ratio is 2.55, reflecting a pronounced bias toward put contracts. Such a high PCR is commonly interpreted as an over‑tilt toward downside sentiment, and yesterday’s PCR was 1.45, so the ratio has risen sharply, suggesting increased protective or bearish positioning.

Futures OI

Futures open interest registers zero change, implying that speculative or hedging activity in the futures segment is flat. No new contracts have been added or withdrawn, indicating that margin requirements remain stable.

Data Summary

Overall, the unchanged total OI of 1,081,250 contracts underscores a static positioning environment for this expiry.