Havells India Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current open‑interest (OI) profile shows a neutral buildup, meaning that price action (flat at ₹1154) and OI (unchanged) are moving in tandem without a clear dominance of either side. A neutral buildup suggests that neither long‑side participants nor short‑side participants are aggressively adding new contracts; instead, the market is in a state of equilibrium where existing positions are being held. This pattern typically reflects the absence of decisive directional bias among market participants for the March‑2027 expiry.

Put‑Call Ratio

The put‑call ratio (PCR) stands at 0.58, indicating that call options are more heavily traded than puts, a sign of relatively bullish sentiment in the options market. Yesterday’s PCR was 0.729, so the ratio has moved lower, implying a shift toward greater call‑side participation and a modest strengthening of the bullish tilt.

Futures OI

Futures OI for this expiry registers zero change, confirming that the total number of outstanding futures contracts remains flat from the previous trading session. A static futures OI, together with unchanged spot price, points to a lack of new speculative inflows or outflows, reinforcing the neutral positioning observed in the options market.

Data Summary

Across the current expiry, total OI holds steady at 41,19,500 contracts, with call OI at 23,89,000 contracts, underscoring a balanced but slightly call‑biased open‑interest landscape.