Multi Commodity Exchange of India Limited Open Interest & PCR Analysis
OI Buildup Read
Neutral buildup dominates with price flat and total open interest unchanged, indicating balanced positioning between bulls and bears. This suggests neither aggressive long accumulation nor short pressure is emerging. The signal strength is moderate, reflecting market indecision ahead of potential catalysts.
Put-Call Ratio Signal
PCR holds steady at 0.864, within neutral territory—below the 1.0 bullish contrarian threshold but above the 0.7 bearish contrarian level. No shift from the prior day underscores sustained equilibrium in sentiment.
Futures Confirmation
Futures open interest remains zero with no price change, failing to confirm any emerging directional bias from options data. Absence of futures participation reduces conviction in near-term momentum.
Bias for Tomorrow
Bias remains sideways; break below ₹2840 invalidates neutrality and triggers short-term bearish momentum.
Data as of 2026-04-21