Oil & Natural Gas Corporation Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current open‑interest (OI) profile shows a neutral buildup, meaning price is flat while OI remains unchanged. With the spot price unchanged at ₹234.65 and total OI steady, neither long nor short side is accumulating new contracts. This suggests that participants are holding existing positions rather than adding fresh directional bets.

Put‑Call Ratio

The put‑call ratio (PCR) stands at 0.436, slightly lower than yesterday’s 0.457. A PCR below 1 indicates a greater proportion of call options relative to puts, reflecting a modest bullish tilt in the options market.

Futures OI

Futures open interest for this expiry registers zero change, implying that the net number of contracts is unchanged. The absence of new futures contracts points to a balanced stance among traders, with no clear dominance of long or short additions.

Data Summary

The key metric for this expiry is a stable total OI of 4,56,57,000, with call OI at 1,99,21,500, confirming a flat positioning environment; the unchanged OI despite a neutral PCR reinforces the view that market participants are largely maintaining their existing exposure without initiating new directional bets, resulting in a calm market narrative. Overall, the unchanged open interest and modest call bias suggest that traders are awaiting a catalyst before altering their stance in the market.