Oil & Natural Gas Corporation Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current expiry shows a neutral buildup, as the spot price remains flat at ₹224.89 while total open interest is unchanged, indicating neither dominant long nor short accumulation as of today. Open interest in call contracts rises to 2,13,61,500, whereas put open interest stands at 1,57,56,750, suggesting a modest net long bias among option traders overall this expiry. The put‑call ratio sits at 0.738, up from 0.702 yesterday, indicating a slight movement toward calls but still remaining below the neutral one‑to‑one benchmark in the market. The modest rise in PCR reflects a minor shift in hedging sentiment rather than a decisive speculative swing, consistent with the overall neutral positioning observed for this.

Put-Call Ratio

Futures open interest registers zero change, meaning no new contracts have been added or withdrawn, which typically signifies a pause in directional bets among large institutional participants. The flat futures OI combined with stable spot pricing suggests market participants are awaiting fresh catalysts before adjusting their exposure, reinforcing the current equilibrium state in the market.

Futures OI

Overall, the total open interest of 2,13,61,500 for calls and 1,57,56,750 for puts represents the primary data point defining this expiry’s positioning dynamics for market participants today.

Data Summary

The unchanged total open interest alongside the neutral buildup underscores that the market is in a hold‑steady phase, with neither side aggressively expanding positions at this juncture.