PB Fintech Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current open interest (OI) remains unchanged at 41,19,150 contracts, with the spot price steady at ₹988, indicating a neutral buildup environment for the February 2026 expiry. Since both price and OI show no directional movement, the market does not exhibit the classic long‑buildup (price rise with OI increase) or short‑buildup (price decline with OI increase) characteristics and therefore. Consequently, existing positions are likely being held rather than aggressively added or unwound, reflecting a balance between bullish and bearish participants across both long and short sides.

Put-Call Ratio

The put‑call ratio (PCR) stands at 0.873, marginally above the previous day’s 0.561, signalling a modest shift toward relatively more puts than calls context. While the ratio remains below 1, the upward movement suggests a slight increase in bearish hedging activity without crossing into a markedly contrarian stance but within historically acceptable ranges.

Futures OI

Futures open interest registers zero change, indicating that traders are not expanding or contracting their exposure in the near‑month contracts. This flat futures OI aligns with the overall neutral stance observed in the spot market, reinforcing the view that participants are maintaining current positions.

Data Summary

Overall, the unchanged total OI of 41,19,150 contracts, coupled with a stable spot price, is the primary datum defining this expiry’s positioning under the present demand‑supply dynamics.