Polycab India Limited Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest profile for the current expiry shows a neutral buildup, with price unchanged at ₹7,680 and total OI flat at 5,34,000 contracts across the major strike range and reflecting balanced dealer activity. Because neither price nor OI moves upward, there is no clear accumulation of long or short speculative positions or significant reversal signals; the market appears to be in a holding pattern. This stance suggests that participants are neither aggressively adding to existing directional bets nor rapidly unwinding prior exposures.

Put‑Call Ratio

The put‑call ratio stands at 0.715, marginally lower than yesterday’s 0.720, indicating a slight tilt toward call‑option activity within the intraday session. The modest decline reinforces the neutral sentiment implied by the unchanged OI, as the relative demand for calls versus puts remains close to equilibrium across sectors.

Futures OI

Futures open interest registers zero change, confirming that the total number of contracts remains unchanged from the previous trading session. The flat futures OI, combined with a stable spot price, points to an equilibrium between new entrant contracts and expirations, with no net addition of speculative or hedging flow or offsetting speculative bets.

Data Summary

Overall, the current expiry records steady total OI of 5,34,000 contracts, unchanged PE OI of 3,81,625 contracts, and a neutral PCR of 0.715, reflecting a market in equilibrium with no dominant positioning bias and stable implied volatility.