Axis Bank Limited Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest profile shows a neutral buildup, with price unchanged at ₹1,220 and total call OI stable at 1,02,86,875 contracts. Neither a decisive rise in long positions nor a surge in short exposure is evident, indicating that market participants are holding their existing bets rather than adding to either side. This equilibrium suggests limited conviction for directional moves as the expiry approaches. The depth of open interest indicates liquidity for both hedgers and speculators.

Put‑Call Ratio

The put‑call ratio stands at 0.88, up from 0.433 in the prior session, reflecting a modest shift toward put‑side exposure. The increase denotes that put writers are marginally more active relative to call writers, though the ratio remains below one, implying calls still dominate. The upward shift subtly tempers bullish bias.

Futures OI

Futures open interest registers a flat change at zero contracts for the current expiry, signalling that speculative positioning in the index‑linked derivative is stagnant. The absence of new influx or unwinding of futures positions reinforces the broader neutral stance observed in the options market. Consequently, price moves will likely stem from spot activity.

Data Summary

Overall, total call open interest remains unchanged at 1,02,86,875 contracts with a put‑call ratio of 0.88, confirming a balanced but cautious positioning environment. Participants await macro cues before altering exposure.