Sun Pharmaceutical Industries Limited Open Interest & PCR Analysis

OI Buildup Pattern

The open interest for the current expiry remains unchanged at 2,535,400 contracts, with put side comprising 2,189,250 contracts, indicating a neutral buildup as neither long nor short participants are expanding their stakes. Price action has been flat at ₹1,757.5 throughout the session, and the stagnant OI suggests that market participants have largely held their existing positions without adding new directional bias. Consequently, the market exhibits a balanced stance with no discernible shift toward either bullish or bearish orientation, reflecting a wait‑and‑see approach among traders.

Put-Call Ratio

The put‑call ratio stands at 0.863, up from 0.686 the previous day, reflecting a modest increase in put demand relative to calls and a slight tilt toward defensive positioning. Nevertheless, the ratio remains below the one‑to‑one threshold, indicating that call interest clearly outweighs puts.

Futures OI

Futures open interest registers zero net change, confirming that speculative activity in the underlying futures contracts has been flat. This unchanged futures OI dovetails with the neutral equity OI pattern, reinforcing the view of a quiet market where participants are not aggressively adding or reducing exposures.

Data Summary

Overall, the dominant data point is the unchanged total open interest of 2,535,400 contracts, which underscores a prevailing equilibrium in positioning for this expiry.