LTM Limited Open Interest & PCR Analysis

OI Buildup Pattern

The spot price remains flat at ₹4104 while total OI holds steady at 7,26,000 contracts, indicating a neutral buildup scenario with neither longs nor shorts accumulating significantly across major market participants. Call open interest rises modestly to 5,28,150 contracts, while put open interest stays unchanged, reflecting a slight preference for bullish positions without a decisive directional bias through incremental buying activity among institutional investors. With price unchanged and OI flat, the market appears to be in a holding pattern, awaiting new catalyst before any substantial position buildup manifests as sentiment remains cautious.

Put-Call Ratio

The PCR stands at 0.727, indicating call contracts exceed puts, yet still below one, suggesting bullish bias remains moderate and reflects trader optimism. Yesterday’s PCR was 0.489, so the ratio has risen, reflecting increased call buying relative to the prior session, suggesting a shift in outlook.

Futures OI

Futures open interest registers zero change, confirming that no new speculative or hedging positions are being added in the current expiry despite underlying volatility concerns. The flat futures OI aligns with the neutral spot‑price stance, implying participants are maintaining existing exposures rather than expanding them and indicates limited new risk appetite.

Data Summary

Overall, total open interest of 7,26,000 contracts remains unchanged, underscoring a balanced market environment for this expiry through the upcoming trading week.