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Bharat Forge Limited

NSE: BHARATFORGAutomobile and Auto ComponentsLot size: 500

Bharat Forge Limited Open Interest & PCR Analysis

₹1956.00Updated 4 Sept 2026, 03:30 pm IST
PCR
0.71Bearish signal
Max Pain
₹2020Spot below by ₹64
Total CE OI
3.54MCall writers
Total PE OI
2.50MPut writers
OI Buildup Signal
Neutral
Price movement < 0.3% threshold
Put-Call Ratio Gauge
0 — Bearish1.0 — Neutral2.0+ — Bullish
AI AnalysisGenerated daily after market close · AI-powered

OI Buildup Pattern

The spot price remains flat at ₹1956 while total open interest is unchanged, indicating a neutral buildup. A PCR of 0.708 with a decline from 0.775 suggests modest short‑covering pressure, but the lack of OI movement implies neither longs nor shorts are actively adding positions. Consequently, the market exhibits a short‑covering tendency without a corresponding increase in open interest, reinforcing the neutral stance.

Put-Call Ratio

The put‑call ratio stands at 0.708, below the 1.0 parity threshold, reflecting a mild bias toward call‑option writers. Yesterday’s PCR was 0.775, so the ratio has moved lower, indicating a slight increase in put‑option demand relative to calls.

Futures OI

Futures open interest shows zero change for the current expiry, suggesting no new directional bets are being placed. The flat futures OI, combined with unchanged spot OI, reinforces the overall neutral positioning observed in the spot market.

Data Summary

Total open interest holds at 35,36,500 contracts with call OI at 25,02,500, confirming unchanged positioning across the expiry and indicating that market participants maintain their current exposure levels without net additions as of today’s market snapshot.

Data as of 2026-09-04

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Frequently Asked Questions

What is Bharat Forge Limited PCR (Put-Call Ratio) today?
Bharat Forge Limited's current PCR is 0.71. A PCR above 1.2 is considered bullish (more put writing = floor support); below 0.8 is bearish; 0.8–1.2 is neutral. Bharat Forge Limited's PCR of 0.71 indicates bearish sentiment.
What is Bharat Forge Limited OI buildup type today?
Bharat Forge Limited is currently showing neutral positioning with no significant directional bias. This is determined by comparing today's price change direction with the direction of total OI change — using the standard F&O buildup classification framework.
What is total CE and PE open interest for Bharat Forge Limited?
Bharat Forge Limited has total CE (call) OI of 3536500 contracts and total PE (put) OI of 2502500 contracts for the nearest expiry. The PCR is 0.71.
How is open interest analysis useful for Bharat Forge Limited trading?
OI analysis for Bharat Forge Limited helps identify institutional positioning. High CE OI at a strike = call writers defending that level (resistance). High PE OI = put writers defending that level (support). The buildup type tells you whether smart money is building fresh positions (bullish/bearish) or exiting existing ones.
What is the max pain for Bharat Forge Limited?
Bharat Forge Limited's max pain is ₹2,020 — the strike price where option writers (sellers) collectively suffer the least financial loss at expiry. The current spot price vs max pain deviation guides near-term directional bias into expiry.