GAIL (India) Limited Open Interest & PCR Analysis

OI Buildup Pattern

The total call‑option open interest stands at 12,215,550 contracts while put‑option open interest reaches 12,439,200 contracts, indicating a marginal call‑put imbalance in the current expiry market today.
With price unchanged at ₹164.78 and total open interest flat, the neutral buildup suggests neither aggressive long nor short accumulation is occurring in the underlying market for this moment until further information emerges.
Consequently, the market appears to be in a waiting phase, with participants likely monitoring fundamental catalysts rather than adjusting directional bets at this moment until further information emerges.

Put-Call Ratio

The put‑call ratio registers at 1.018, marginally above the breakeven level of one, reflecting a slight bias toward put contracts in the current trading session as investors remain.
Yesterday’s PCR of 0.706 was substantially lower, indicating that the previous day’s market sentiment favored call‑side positioning across a range of participants who sought upside exposure amid prices.

Futures OI

Futures open interest shows no change, remaining at zero contracts for this expiry, which implies that speculative interest in the underlying forward market is currently dormant as of.
The flat futures OI reinforces the neutral stance observed in options, suggesting that market participants are not expanding leveraged exposure at this juncture in the current pricing environment.

Data Summary

Overall, total open interest of 12.2 million call contracts versus 12.44 million puts underscores a marginally put‑heavy positioning for the expiry amid unchanged spot prices today.