National Aluminium Company Limited Open Interest & PCR Analysis

OI Buildup Pattern

The spot price remains at ₹323.5, unchanged from the previous session, while total call option open interest holds steady at 1,09,81,875 contracts, indicating a neutral buildup, with traders neither aggressively expanding long nor short positions. Put option open interest stands at 98,55,000 contracts, unchanged as well, suggesting that neither bullish nor bearish speculative pressure dominates the market for this expiry, reflecting a balanced stance among participants. With price movement flat and open interest flat across both calls and puts, the positioning pattern aligns with a neutral buildup, reflecting equilibrium between new long and short entrants, and no decisive directional bias emerges.

Put-Call Ratio

The put‑call ratio is 0.897, marginally higher than yesterday’s 0.58, indicating a modest shift toward relatively more put contracts in the current mix overall. This increase suggests a slight tilt toward bearish sentiment, though the ratio remains below one, implying call side participation still exceeds puts overall.

Futures OI

Futures open interest registers zero change for the day today, reflecting no net addition or reduction in speculative positions on the underlying index. The flat futures OI, combined with static spot pricing, underscores the lack of new directional bets and supports the observed neutral options buildup.

Data Summary

Overall, the unchanged total call OI of 1,09,81,875 contracts stands as the principal indicator of positioning stability for this expiry market.