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NIFTY Midcap Select

NSE: MIDCPNIFTYMid CapLot size: 120

NIFTY Midcap Select Open Interest & PCR Analysis

₹14713.65Updated 4 Sept 2026, 03:30 pm IST
PCR
0.99Neutral
Max Pain
₹14825Spot below by ₹111
Total CE OI
4.63MCall writers
Total PE OI
4.58MPut 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 current expiry shows a neutral buildup, with the index price unchanged and total open interest (OI) flat at 46.35 lakh contracts for calls and 45.84 lakh for puts. Because the price is steady while OI remains unchanged, neither a long‑buildup nor a short‑buildup is evident; instead, the market appears to be at an equilibrium point where previous positioning is being held rather than expanded. This neutrality suggests that participants are awaiting a directional catalyst before adding new directional bets.

Put‑Call Ratio

The put‑call ratio (PCR) stands at 0.989, marginally higher than yesterday’s 0.976. A PCR close to one indicates that the volume of puts and calls is almost balanced, with a slight tilt toward put demand in the current session.

Futures OI

Futures open interest is reported as zero with zero change for the day, implying that no new futures contracts were opened or closed during the session. The flat futures OI reinforces the view that market participants are not altering their exposure to the index through the futures segment at this time.

Data Summary

Overall, the expiry records a total OI of 46.35 lakh calls and 45.84 lakh puts, with no net change in either segment, highlighting a static positioning environment.

Data as of 2026-09-04

Frequently Asked Questions

What is NIFTY Midcap Select PCR (Put-Call Ratio) today?
NIFTY Midcap Select's current PCR is 0.99. 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 0.99 indicates neutral 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 4635000 contracts and total PE (put) OI of 4584240 contracts for the nearest expiry. The PCR is 0.99.
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 ₹14,825 — 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.