Cochin Shipyard Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current open‑interest (OI) profile shows a neutral buildup, meaning price is unchanged while OI remains flat across both call and put legs across the December 2026 series. Calls hold 14,38,400 contracts versus puts at 10,01,600, indicating a modest net‑long bias but without any directional pressure on the underlying and reflects a slight preference for upside exposure. Since price is steady at ₹1129.9 and total OI change is zero, market participants appear to be holding existing positions rather than adding new directional bets, no major catalyst is evident.

Put-Call Ratio

The put‑call ratio (PCR) stands at 0.696, up from 0.431 yesterday, reflecting a relative increase in put contracts among institutional participants. A PCR below one still signals net call‑side dominance, yet the day‑over‑day rise suggests growing defensive positioning.

Futures OI

Futures open interest registers zero change for the current expiry, indicating no net addition or reduction in speculative exposure across both the near‑month and front‑month contracts. Flat futures OI together with stable spot price reinforces the view that traders are maintaining their existing contracts rather than rebalancing, preserving hedge ratios aligned with their risk budgets.

Data Summary

Overall, the key takeaway is a neutral OI environment with 14,38,400 call and 10,01,600 put contracts and a PCR of 0.696 for this expiry, significantly.