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Oil & Natural Gas Corporation Limited

NSE: ONGC · Lot size: 2250

OverviewOption ChainOI AnalysisFII / DIIMax Pain

Oil & Natural Gas Corporation Limited Open Interest & PCR Analysis

₹283.45Updated 21 Apr 2026, 01:26 pm IST
PCR
0.38
Bearish signal
Max Pain
₹284
Spot below by ₹1
Total CE OI
89.75M
Call writers
Total PE OI
34.44M
Put 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 Read

Neutral buildup with zero net OI change and flat price action indicates equilibrium between bulls and bears. No fresh positioning dominates, suggesting market indecision ahead of potential catalysts. Signal strength is weak, reflecting consolidation near current levels.

Put-Call Ratio Signal

PCR holds steady at 0.384, well below the 0.7 threshold, signaling strong put dominance and bearish sentiment among options traders. The unchanged ratio from the prior day confirms persistent downside bias in options positioning.

Futures Confirmation

Futures OI at zero with no open positions indicates complete absence of directional futures-based leverage. This void in futures activity fails to validate any emerging momentum, leaving options sentiment unconfirmed.

Bias for Tomorrow

Bearish bias prevails due to deeply skewed put dominance and lack of bullish buildup; invalidation level at ₹295.

Data as of 2026-04-21

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Frequently Asked Questions

What is Oil & Natural Gas Corporation Limited PCR (Put-Call Ratio) today?▾
Oil & Natural Gas Corporation Limited's current PCR is 0.38. A PCR above 1.2 is considered bullish (more put writing = floor support); below 0.8 is bearish; 0.8–1.2 is neutral. Oil & Natural Gas Corporation Limited's PCR of 0.38 indicates bearish sentiment.
What is Oil & Natural Gas Corporation Limited OI buildup type today?▾
Oil & Natural Gas Corporation Limited 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 Oil & Natural Gas Corporation Limited?▾
Oil & Natural Gas Corporation Limited has total CE (call) OI of 89752500 contracts and total PE (put) OI of 34443000 contracts for the nearest expiry. The PCR is 0.38.
How is open interest analysis useful for Oil & Natural Gas Corporation Limited trading?▾
OI analysis for Oil & Natural Gas Corporation Limited 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 Oil & Natural Gas Corporation Limited?▾
Oil & Natural Gas Corporation Limited's max pain is ₹284 — 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.