APL Apollo Tubes Limited Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest for the current expiry remains unchanged at 18,72,150 contracts, while the underlying price is flat at ₹2165.3, indicating a neutral buildup where neither longs nor shorts are adding significant new positions as of today’s market close. Call open‑interest stands at 8,47,700 contracts, roughly 45 % of total OI, and both call and put components show no net change, reinforcing the absence of directional bias among market participants and reflect current market sentiment. Since price movement and OI movement are both stagnant, the market is in a short‑covering/long‑unwinding equilibrium, implying that existing positions are being held rather than aggressively built or unwound.

Put-Call Ratio

The put‑call ratio sits at 0.453, well below the neutral 1.0 level, indicating that call contracts dominate the open‑interest composition for this expiry. Compared with yesterday’s PCR of 1.293, the ratio has dropped sharply, suggesting a recent shift toward greater call‑side exposure among traders which typically signals bullish expectations.

Futures OI

Futures open‑interest registers zero net change, confirming that no new futures contracts have been added or liquidated during the latest trading session. This flat futures OI aligns with the overall neutral buildup, indicating that participants are not altering their hedge or speculative positions in the derivative segment.

Data Summary

Overall, the unchanged total OI of 18,72,150 contracts and a stable spot price illustrate a market in equilibrium with no clear directional pressure.