Motilal Oswal Financial Services Limited Open Interest & PCR Analysis
OI Buildup Read
Neutral buildup prevails with spot price unchanged and total open interest static at 31,06,200 contracts. Neither fresh longs nor shorts are accumulating, indicating equilibrium between bulls and bears. The signal strength is weak, reflecting indecision in the derivative segment.
Put-Call Ratio Signal
PCR holds steady at 0.804, remaining below the 0.7 threshold that typically suggests bearish contrarian sentiment. With no change from yesterday’s level, put writing continues to dominate, signaling sustained near-term confidence in price stability.
Futures Confirmation
Futures open interest is zero with no trading activity, removing any directional confirmation from the futures segment. The absence of futures positioning leaves options-based inference as the sole driver of bias.
Bias for Tomorrow
Neutral bias persists; invalidation occurs above ₹845 (resistance) or below ₹820 (support).
Data as of 2026-04-21