JSW Steel Limited Open Interest & PCR Analysis
OI Buildup Read
Neutral buildup dominates with price unchanged and total open interest holding steady, signaling balanced buyer-seller conviction. Neither long buildup nor short unwinding is evident, reflecting market hesitation amid range-bound action. Signal strength is weak, with no fresh positioning momentum.
Put-Call Ratio Signal
Put-call ratio holds flat at 1.009, marginally above parity, indicating a slight contrarian bullish tilt as put dominance suggests cautious sentiment. No shift from yesterday’s level, reinforcing indecision in sentiment.
Futures Confirmation
Futures open interest remains unchanged at zero net addition, failing to confirm any directional commitment from institutional participants. Absence of futures traction underscores lack of trend alignment with options structure.
Bias for Tomorrow
Neutral bias prevails; break below ₹1270 invalidates consolidation and triggers bearish momentum.
Data as of 2026-04-21