Multi Commodity Exchange of India Limited Open Interest & PCR Analysis

OI Buildup Pattern

The market shows a neutral buildup as price remains flat while total open interest for calls (24,25,950) and puts (17,21,700) is unchanged, indicating no net influx of new contracts. With price unchanged and OI unchanged, neither long nor short positions are intensifying, indicating a balance between new entries and exits, and suggesting that participants are in a wait‑and‑see mode. This pattern suggests that participants are awaiting a catalyst before committing additional directional exposure, keeping the overall risk appetite relatively restrained.

Put-Call Ratio

The put‑call ratio stands at 0.71, up from 0.666 the previous day, reflecting a modest but noticeable shift toward put demand. The rise reflects a modest increase in put demand relative to calls, but the ratio remains below one, signalling overall call‑heavy positioning and a still‑predominant bullish bias among option writers.

Futures OI

Futures open interest registers zero change for the expiry, showing no net addition or reduction in contract holdings, and therefore no fresh speculative thrust in the leveraged segment. The flat futures OI reinforces the view that traders are not expanding or contracting their leveraged exposure at this juncture, which aligns with the broader neutral stance observed in the spot‑option market.

Data Summary

The key datum for this expiry is a unchanged total open interest of 24,25,950 calls versus 17,21,700 puts, with a PCR of 0.71 and neutral buildup.