Havells India Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current open‑interest (OI) profile shows a neutral buildup, as the spot price remains flat at ₹1,025.4 while total OI is unchanged in the current trading session, signaling equilibrium among market participants. Calls and puts each hold steady, with total call OI at 33,44,000 contracts and put OI at 21,69,000 contracts, indicating balanced positioning across the expiry. Since neither side registers a net increase, the market does not exhibit a clear long‑building or short‑building bias at this stage, and suggests that any prior bias has largely dissipated.

Put-Call Ratio

The put‑call ratio (PCR) stands at 0.649, marginally lower than yesterday’s 0.674, suggesting a slight tilt toward call‑dominance and may point to a modest bullish tilt. The day‑over‑day decline in PCR reflects a modest reduction in relative put positioning while call OI remains stable, as traders adjust hedging strategies.

Futures OI

Futures open‑interest registers zero change, indicating no net addition or removal of contracts in the underlying futures market and no significant roll‑over activity is observed. Such a flat futures OI environment typically implies that participants are holding existing positions rather than initiating new directional bets, reinforcing the view that the market is in a holding pattern.

Data Summary

Overall, the unchanged total OI of 55,13,000 contracts across calls and puts defines the primary takeaway for this expiry and serves as the focal point for further analysis.