Dr. Reddy's Laboratories Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current‑expiry open‑interest registers a neutral buildup, with the underlying price unchanged at ₹1,335.4 and the aggregate OI remaining flat at 46.30 lakh contracts. Both call‑side and put‑side open‑interest are stable, showing no discernible surge in either direction, which indicates that market participants are largely maintaining their existing exposures rather than adding new longs or shorts. This equilibrium of price and OI suggests a cautious stance among traders, with positioning largely parked and the market awaiting a catalyst before any pronounced directional bias emerges.

Put‑Call Ratio

The put‑call ratio stands at 1.087, a modest reduction from yesterday’s 1.159, reflecting a slight tilt toward call‑side interest while still remaining above the neutral 1.0 threshold. The day‑over‑day decline, although limited, signals a marginal rebalancing of portfolios toward the upside, yet the ratio’s persistence above one confirms that put‑biased positioning continues to dominate the options market for this expiry.

Futures OI

Futures open‑interest shows a zero net change for the expiry, indicating that the volume of new long and short contracts introduced today exactly offsets the volume of contracts that were closed, resulting in a flat net figure. This flatness in futures OI underscores a balanced sentiment among speculators, implying that aggressive speculation is muted and participants are chiefly holding or rolling over existing positions.

Data Summary

Total open‑interest is 46.30 lakh contracts, with put open‑interest at 50.30 lakh, highlighting a prevailing put‑dominant exposure for the current expiry.