Bandhan Bank Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current build‑up is neutral, with both price and open interest (OI) flat on the day. This indicates that neither longs nor shorts are adding to their positions, and the market is in a state of equilibrium. The absence of directional pressure suggests a pause in new speculative flow. The unchanged open interest across strikes confirms that dealers are maintaining existing net positions. Consequently, the market sentiment is likely awaiting new catalysts before reallocating risk.

Put‑Call Ratio

The put‑call ratio stands at 0.689, marginally lower than yesterday’s 0.697. The slight decline points to a modest reduction in relative put demand versus call demand. Such a PCR level, remaining below 1, traditionally signals that call options are relatively more active than puts.

Futures OI

Futures open interest shows no change, remaining at zero for this expiry. A flat futures OI reinforces the view that participants are not expanding or contracting their exposure in the underlying instrument. The stability in futures OI aligns with the flat spot price of ₹164.95, reinforcing the perception of a balanced book‑building environment.

Data Summary

The total OI for the current expiry is 2,82,63,600 contracts, with call OI at 1,94,76,000 and a PCR of 0.689. No net new contracts are added, indicating a static positioning stance for this expiry. Overall, the expiry shows minimal turnover today so.