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Steel Authority of India Limited

NSE: SAILMetals & MiningLot size: 4700

Steel Authority of India Limited Open Interest & PCR Analysis

₹196.80Updated 4 Sept 2026, 03:30 pm IST
PCR
1.13Neutral
Max Pain
₹190Spot above by ₹7
Total CE OI
16.15MCall writers
Total PE OI
18.30MPut 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 open‑interest (OI) for the current expiry remains unchanged at 1,61,53,900 contracts while the spot price is flat at ₹196.8. With a steady price and a neutral OI movement, the market exhibits a neutral buildup—neither long nor short positions are expanding. This suggests that traders are holding existing positions rather than adding to either side.

Put‑Call Ratio

The PCR stands at 1.133, marginally higher than yesterday’s 1.12. The incremental rise reflects a slight tilt toward put‑option buying relative to calls, but the ratio stays close to parity, indicating balanced sentiment across the option chain.

Futures OI

Futures open‑interest registers zero change for the expiry, implying no net addition or reduction of contracts. The flat futures OI, combined with the unchanged spot, points to a lack of new directional bets and a continuation of the current positioning equilibrium.

Data Summary

Overall, the expiry’s total OI holds steady at 1,61,53,900 contracts, with the call side at 1,82,97,100 contracts, confirming a static positioning environment for the underlying steel equity.

Data as of 2026-09-04

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Frequently Asked Questions

What is Steel Authority of India Limited PCR (Put-Call Ratio) today?
Steel Authority of India Limited's current PCR is 1.13. 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 1.13 indicates neutral 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 16153900 contracts and total PE (put) OI of 18297100 contracts for the nearest expiry. The PCR is 1.13.
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 ₹190 — 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.