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Indian Bank

NSE: INDIANB · Lot size: 1000

Indian Bank Open Interest & PCR Analysis

924.75Updated 21 Apr 2026, 01:26 pm IST
PCR
0.48
Bearish signal
Max Pain
930
Spot below by ₹5
Total CE OI
7.22M
Call writers
Total PE OI
3.44M
Put writers
OI Buildup Signal
Neutral
Price movement < 0.3% threshold
Put-Call Ratio Gauge
0 — Bearish1.0 — Neutral2.0+ — Bullish
AI AnalysisGenerated daily after market close · AI-powered

OI Buildup Read

Neutral buildup prevails with unchanged open interest and flat price action. No fresh commitments suggest market participants await catalysts. Signal strength is weak, reflecting consolidation within the current range.

Put-Call Ratio Signal

PCR holds steady at 0.476, deep below the 0.7 threshold, indicating extreme call dominance and potential bearish contrarian sentiment. Lack of change from prior day reinforces complacency among options sellers.

Futures Confirmation

Futures OI remains absent, with zero participation, failing to validate any directional momentum from options activity. This absence undermines potential bullish or bearish conviction in spot or derivatives.

Bias for Tomorrow

Bearish bias dominates due to excessive call writing and lack of futures support, invalidation above ₹945.00.

Data as of 2026-04-21

Frequently Asked Questions

What is Indian Bank PCR (Put-Call Ratio) today?
Indian Bank's current PCR is 0.48. A PCR above 1.2 is considered bullish (more put writing = floor support); below 0.8 is bearish; 0.8–1.2 is neutral. Indian Bank's PCR of 0.48 indicates bearish sentiment.
What is Indian Bank OI buildup type today?
Indian Bank is currently showing neutral positioning with no significant directional bias. This is determined by comparing today's price change direction with the direction of total OI change — using the standard F&O buildup classification framework.
What is total CE and PE open interest for Indian Bank?
Indian Bank has total CE (call) OI of 7223000 contracts and total PE (put) OI of 3441000 contracts for the nearest expiry. The PCR is 0.48.
How is open interest analysis useful for Indian Bank trading?
OI analysis for Indian Bank helps identify institutional positioning. High CE OI at a strike = call writers defending that level (resistance). High PE OI = put writers defending that level (support). The buildup type tells you whether smart money is building fresh positions (bullish/bearish) or exiting existing ones.
What is the max pain for Indian Bank?
Indian Bank's max pain is ₹930 — the strike price where option writers (sellers) collectively suffer the least financial loss at expiry. The current spot price vs max pain deviation guides near-term directional bias into expiry.