JSW Steel Limited Open Interest & PCR Analysis

OI Buildup Pattern

The combined open interest for calls and puts stands at 32,98,725 contracts, while the put‑call ratio has risen to 0.821, indicating a neutral buildup as price movement remains flat and total OI shows no change across the market. Call open interest alone is 27,08,100 contracts, outpacing put exposure, yet the lack of directional price bias combined with steady OI suggests participants are neither aggressively adding to long nor short positions in the near term. Consequently, the market is in a equilibrium phase where existing positions are largely being held rather than expanded, aligning with the neutral buildup classification.

Put-Call Ratio

The put‑call ratio of 0.821 sits below the 1.0 threshold, reflecting a modest put‑side dominance across the expiry in the equity segment. Compared with yesterday’s 0.713 level, the increase signals a recent shift toward greater put positioning relative to calls.

Futures OI

Futures open interest registers zero change for the current expiry, indicating that no new contracts have been added or withdrawn for both long and short sides. This flat futures OI, together with unchanged spot pricing, reinforces the view that market participants are maintaining their existing exposure rather than reallocating.

Data Summary

Overall, the static total open interest of 32,98,725 contracts, coupled with a neutral buildup and unchanged futures OI, highlights a largely balanced positioning landscape for this expiry as of the close of trading.