Bharat Forge Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current spot price of ₹1,760 is flat while the total contract‑wise open interest (OI) remains unchanged, indicating a neutral buildup. With the call OI at 13,92,000 and the put OI at 18,31,500, the dominant put side is not being reinforced by any directional price move, suggesting that market participants are not adding to either long or short positions aggressively. This neutral pattern reflects a state of equilibrium where existing contracts are being held rather than expanded, and neither bullish nor bearish pressure is evident for the upcoming expiry.

Put‑Call Ratio

The put‑call ratio (PCR) stands at 0.76, marginally higher than yesterday’s 0.676, indicating a slight increase in the relative weight of puts to calls. The day‑over‑day rise in PCR points to a modest tilt toward bearish positioning, though the ratio remains below the 1.0 threshold that would signal a predominantly put‑driven market.

Futures OI

Futures open interest shows zero change for the current expiry, confirming that no new futures contracts have been added or unwound. The static futures OI reinforces the overall neutral stance, implying that traders are maintaining their existing exposure without adjusting leverage or hedging through the futures segment.

Data Summary

The key takeaway for this expiry is a stable total OI of 18,31,500 puts versus 13,92,000 calls, coupled with an unchanged spot price and a slightly elevated PCR, collectively indicating a largely unchanged positioning landscape.