Central Depository Services (India) Limited Open Interest & PCR Analysis

OI Buildup Pattern

The spot price remains unchanged at ₹1,232, while total open interest for the current expiry holds steady at 36,527,50 contracts, reflecting a neutral buildup environment and indicating that traders show little impetus to adjust positions. Call open interest stands at 36,222,350 contracts, marginally lower than the put side, indicating that the dominant positioning remains short‑biased despite the flat price action and a slight premium for calls over puts. Since neither price nor total OI moves, the market exhibits a short‑covering pattern, where the modest price uptick combined with a stable OI suggests shorts are reducing their exposure and the lack of OI growth reinforces the view that shorts are closing out rather than expanding.

Put-Call Ratio

The put‑call ratio is 0.992, up from 0.66 the previous session, reflecting a shift toward relatively higher put activity and the rise in PCR is driven primarily by increased put buying in the near‑term strikes. A PCR unity implies that call and put participants are balanced.

Futures OI

Futures open interest shows zero change, indicating no directional bets are being added to the derivative ladder. This flat futures OI, together with the neutral spot OI, suggests market participants are maintaining existing positions rather than ramping up exposure.

Data Summary

Overall, the total open interest for this expiry remains at 36,527,50 contracts, with a marginal call‑to‑put disparity.