Polycab India Limited Open Interest & PCR Analysis

OI Buildup Pattern

The present buildup is classified as neutral because both the spot price and the aggregate open‑interest have remained unchanged from the prior session. With the spot price flat at ₹8,300 and total OI steady at 3,699,000 contracts, there is no discernible dominance of either long or short accumulation, indicating that traders are not adding new directional exposure. This equilibrium suggests that market participants are chiefly holding their existing positions, neither aggressively building new longs nor expanding short bets, and therefore the positioning bias remains largely balanced.

Put-Call Ratio

The put‑call ratio is currently 0.52, reflecting a modest preference for call‑side buying relative to put‑side buying. Yesterday’s PCR of 0.822 represents a considerable reduction in put demand, moving the ratio closer to the lower end of its typical historical band and implying a slight tilt toward bullish sentiment.

Futures OI

Futures open interest shows a zero change for the day, meaning that no additional contracts have been opened or closed in the present expiry cycle. This flat futures OI reinforces the view that traders are maintaining their existing exposure without initiating fresh speculative or hedging positions, thereby supporting the overall neutral stance.

Data Summary

Overall, total OI holds steady at 3,699,000 contracts, with call OI at 1,924,375 and a PCR of 0.52, reflecting a largely balanced positioning environment.