Polycab India Limited Open Interest & PCR Analysis

OI Buildup Read

Neutral buildup prevails with spot price unchanged and total open interest stagnant at zero net change. The absence of fresh long or short conviction indicates indecision amid consolidation near term. Signal strength is weak, reflecting balanced risk between bulls and bears.

Put-Call Ratio Signal

PCR holds steady at 0.945, remaining below the 1.0 threshold, indicating a slight bias toward put-side positioning but not at contrarian extremes. The unchanged ratio from the prior day suggests no shift in near-term sentiment.

Futures Confirmation

Futures open interest is flat at zero net change, confirming the lack of directional commitment from leveraged players. No divergence exists between futures and options, reinforcing the consolidation narrative.

Bias for Tomorrow

Neutral bias with 7800 as invalidation level; break below turns bearish, break above 8100 turns bullish.