marketnetra
Sign inStart free

Steel Authority of India Limited

NSE: SAILMetals & MiningLot size: 4700

Steel Authority of India Limited Open Interest & PCR Analysis

₹162.00Updated 28 Oct 2026, 03:30 pm IST
PCR
0.23Bearish signal
Max Pain
₹175Spot below by ₹13
Total CE OI
80KCall writers
Total PE OI
19KPut writers
OI Buildup Signal
Neutral
Price movement < 0.3% threshold
Put-Call Ratio Gauge
0 — Bearish1.0 — Neutral2.0+ — Bullish
AI AnalysisGenerated daily after market close · AI-powered

OI Buildup Pattern

The underlying asset exhibits a neutral buildup pattern as price stability coincides with unchanged open interest levels across all option contracts. This stagnation suggests market participants are currently hesitant to establish fresh directional positions amidst the prevailing consolidation phase observed in the spot market price levels. Consequently, existing holders maintain their stakes without significant addition or liquidation, reflecting a cautious wait-and-watch approach among derivatives traders regarding near-term volatility.

Put-Call Ratio

The Put-Call Ratio stands at an extremely low 0.235, indicating an overwhelming dominance of call option open interest relative to put protection. This metric represents a sharp decline from the previous session's reading of 0.937, signaling a drastic shift in sentiment towards bullish hedging or potential overbought conditions within the options chain.

Futures OI

Futures open interest reports zero contracts outstanding, implying a complete absence of leveraged positioning in the forward segment for this specific expiry. Such data indicates that liquidity has entirely migrated to the options market or that trading activity remains dormant within the futures curve at these strike levels.

Data Summary

Total call open interest accumulates at 79,900 contracts while put open interest remains limited to 18,800 contracts for the October 2026 expiry series currently.

Data as of 2026-10-28

Related Analysis

Same Sector

ADANIENTAdani Enterprises LimitedNeutralHINDALCOHindalco Industries LimitedNeutralHINDZINCHindustan Zinc LimitedNeutralJINDALSTELJINDAL STEEL LIMITEDNeutralJSWSTEELJSW Steel LimitedNeutral

Frequently Asked Questions

What is Steel Authority of India Limited PCR (Put-Call Ratio) today?
Steel Authority of India Limited's current PCR is 0.23. A PCR above 1.2 is considered bullish (more put writing = floor support); below 0.8 is bearish; 0.8–1.2 is neutral. Steel Authority of India Limited's PCR of 0.23 indicates bearish sentiment.
What is Steel Authority of India Limited OI buildup type today?
Steel Authority of India Limited is currently showing neutral positioning with no significant directional bias. This is determined by comparing today's price change direction with the direction of total OI change — using the standard F&O buildup classification framework.
What is total CE and PE open interest for Steel Authority of India Limited?
Steel Authority of India Limited has total CE (call) OI of 79900 contracts and total PE (put) OI of 18800 contracts for the nearest expiry. The PCR is 0.23.
How is open interest analysis useful for Steel Authority of India Limited trading?
OI analysis for Steel Authority of India Limited helps identify institutional positioning. High CE OI at a strike = call writers defending that level (resistance). High PE OI = put writers defending that level (support). The buildup type tells you whether smart money is building fresh positions (bullish/bearish) or exiting existing ones.
What is the max pain for Steel Authority of India Limited?
Steel Authority of India Limited's max pain is ₹175 — the strike price where option writers (sellers) collectively suffer the least financial loss at expiry. The current spot price vs max pain deviation guides near-term directional bias into expiry.