GAIL (India) Limited Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest (OI) for the current expiry remains flat at 2,34,12,250 contracts, with no discernible increase or decrease, indicating a neutral buildup where neither long nor short camps are intensifying. Price action is stagnant at ₹173.4, while OI shows zero change, confirming that market participants are holding their positions rather than adding fresh longs or shorts. The balance between call and put OI remains unchanged, reinforcing the lack of directional bias in the underlying futures market.

Put-Call Ratio

The put‑call ratio (PCR) stands at 0.715, marginally higher than yesterday’s 0.712, suggesting a slight tilt toward bearish options without a material shift. Since the PCR remains below 1, put‑option activity does not dominate call‑option activity, indicating that speculative demand for downside protection is moderate.

Futures OI

Futures open‑interest registers zero change for this expiry, confirming that no new capital is flowing into the futures leg of the contract. A flat futures OI alongside a stagnant spot price underscores a passive stance among traders, with existing holders maintaining rather than expanding positions.

Data Summary

Overall, the key open‑interest figure of 2,34,12,250 contracts for the current expiry signals a neutral market equilibrium with no net buildup, traders appear content with existing risk exposure, awaiting catalyst that could disrupt this balance.