JINDAL STEEL LIMITED Open Interest & PCR Analysis
OI Buildup Read
Neutral buildup prevails with spot price unchanged and total open interest flat at 0% change. Neither fresh longs nor shorts are entering aggressively, indicating market indecision near ₹1287.9. The signal strength is weak, reflecting consolidation ahead of potential breakout.
Put-Call Ratio Signal
PCR holds steady at 1.146, maintaining above the 1.0 threshold, suggesting a mildly bullish contrarian sentiment among options traders. No shift from the previous day confirms sustained put dominance but without intensification.
Futures Confirmation
Futures open interest remains stagnant at zero, showing no new positioning in the futures segment. This absence of futures traction fails to validate any emerging directional momentum from options activity.
Bias for Tomorrow
Neutral bias persists with invalidation at ₹1275 (support) and ₹1300 (resistance); breakout in either direction required for commitment.
Data as of 2026-04-21