Max Financial Services Limited Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest (OI) for the current expiry shows a neutral buildup, with the underlying price flat at ₹1,548.4 and total OI unchanged at 11,45,200 contracts. Because the price is stable while OI is static, neither long‑side accumulation nor short‑side accumulation is evident; the market appears to be holding its existing positions without a clear directional bias. This equilibrium suggests that traders are waiting for a catalyst before committing additional exposure.

Put‑Call Ratio

The put‑call ratio (PCR) stands at 0.653, indicating a higher proportion of call options relative to puts. Compared with yesterday’s 0.594, the PCR has risen modestly, reflecting a slight tilt toward bearish sentiment as more puts are being written or calls are being exercised.

Futures OI

Futures open‑interest for the same expiry remains at zero, showing no net addition or reduction in futures contracts. The flat futures OI reinforces the picture of a market that is not actively adjusting its directional bets through futures, opting instead to stay on the sidelines.

Data Summary

Overall, the key OI figure for this expiry is a unchanged total open‑interest of 11,45,200 contracts, with a neutral buildup and a PCR of 0.653.