Exide Industries Limited Open Interest & PCR Analysis
OI Buildup Read
Neutral buildup prevails with spot unchanged and total open interest static at 2.41 crore contracts. Price stagnation alongside flat OI indicates balanced commitment between longs and shorts. Signal strength is weak, reflecting market indecision near ₹333–₹334.
Put-Call Ratio Signal
PCR holds steady at 0.963, marginally below parity, suggesting slight call dominance but no strong contrarian signal. No shift from prior day’s sentiment, indicating sustained neutral-to-mildly bullish positioning.
Futures Confirmation
Futures open interest is zero with no price change, failing to validate any directional momentum from options. Absence of futures participation undermines potential breakout conviction.
Bias for Tomorrow
Neutral bias with invalidation at ₹329.50 (below recent intraday low).
Data as of 2026-04-21