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NIFTY Midcap Select

NSE: MIDCPNIFTY · Mid Cap · Lot size: 75

OverviewOption ChainOI AnalysisFII / DIIMax Pain

NIFTY Midcap Select Open Interest & PCR Analysis

₹14,376.65Updated 7 May 2026, 10:00 am IST
PCR
1.30
Bullish signal
Max Pain
₹14,200
Spot above by ₹177
Total CE OI
4.44M
Call writers
Total PE OI
5.77M
Put writers
OI Buildup Signal
Neutral
Price movement < 0.3% threshold
Put-Call Ratio Gauge
0 — Bearish1.0 — Neutral2.0+ — Bullish
AI AnalysisGenerated daily after market close · AI-powered

OI Buildup Pattern

The underlying exhibits a neutral buildup, with spot price unchanged and total open interest static at 0% for the day. Both call and put open interest remain balanced in net terms, signaling neither aggressive long nor short positioning. This reflects indecision among traders, with no dominant directional commitment in the derivatives segment.

Put-Call Ratio

The PCR stands at 1.299, up from yesterday’s 1.251, indicating a modest increase in put open interest relative to calls. This shift suggests slightly elevated demand for downside protection or bearish positioning at the moment.

Futures OI

Futures open interest is unchanged at zero, indicating no new positioning in the futures contract for this expiry. This absence of futures accumulation suggests that directional bets are currently channeled primarily through options rather than futures.

Data Summary

Total open interest remains flat with a PCR above 1.25, highlighting sustained defensive positioning in options despite neutral price and OI momentum.

Data as of 2026-05-07

Frequently Asked Questions

What is NIFTY Midcap Select PCR (Put-Call Ratio) today?▾
NIFTY Midcap Select's current PCR is 1.30. A PCR above 1.2 is considered bullish (more put writing = floor support); below 0.8 is bearish; 0.8–1.2 is neutral. NIFTY Midcap Select's PCR of 1.30 indicates bullish sentiment.
What is NIFTY Midcap Select OI buildup type today?▾
NIFTY Midcap Select is currently showing neutral positioning with no significant directional bias. This is determined by comparing today's price change direction with the direction of total OI change — using the standard F&O buildup classification framework.
What is total CE and PE open interest for NIFTY Midcap Select?▾
NIFTY Midcap Select has total CE (call) OI of 4442520 contracts and total PE (put) OI of 5768880 contracts for the nearest expiry. The PCR is 1.30.
How is open interest analysis useful for NIFTY Midcap Select trading?▾
OI analysis for NIFTY Midcap Select helps identify institutional positioning. High CE OI at a strike = call writers defending that level (resistance). High PE OI = put writers defending that level (support). The buildup type tells you whether smart money is building fresh positions (bullish/bearish) or exiting existing ones.
What is the max pain for NIFTY Midcap Select?▾
NIFTY Midcap Select's max pain is ₹14,200 — the strike price where option writers (sellers) collectively suffer the least financial loss at expiry. The current spot price vs max pain deviation guides near-term directional bias into expiry.