Cipla Limited Open Interest & PCR Analysis

OI Buildup Pattern

Open‑interest remains at 31,38,200 for calls and 35,42,800 for puts, while the spot price is flat, producing a neutral currently buildup pattern where neither longs nor shorts are expanding. Such a stance suggests that existing participants are holding positions, with limited new entry or exit, implying market participants are awaiting a directional catalyst before adjusting exposure. Consequently, the open‑interest profile reflects a balanced risk appetite, where the equilibrium between call and put contracts aligns with the flat price action observed today in the market.

Put-Call Ratio

The PCR stands at 1.129, indicating slightly more put contracts relative to calls for this expiry and reflects modest bearish bias among traders in the current environment. Yesterday’s PCR was 0.664, a notable rise that signals a shift toward greater put demand relative to calls as market participants reassess the risk profile of volatility.

Futures OI

Futures open‑interest shows no change, remaining at zero for both long and short sides, indicating that no new speculative positions are being built in the futures segment. The stagnant futures OI reinforces the overall neutral stance observed in the options market, suggesting participants are focusing on existing exposures rather than expanding futures contracts today.

Data Summary

In summary, the total open‑interest of 31,38,200 calls and 35,42,800 puts, unchanged from prior levels, defines a flat positioning landscape for this expiry as traders maintain their positions.