Sun Pharmaceutical Industries Limited Open Interest & PCR Analysis
OI Buildup Pattern
The current open‑interest (OI) profile shows a neutral buildup, with price unchanged at ₹1,899 and total OI flat, indicating neither a dominant long nor short accumulation among institutional and retail participants.
Call OI stands at 92,28,450 while put OI is 39,81,250, reflecting a modest skew toward calls but without a corresponding rise in overall OI, suggesting that the excess call exposure is being absorbed rather than amplified.
This pattern suggests that market participants are maintaining existing exposure rather than adding new directional bets, pointing to a steadied stance on the underlying asset.
Put‑Call Ratio
The put‑call ratio (PCR) is 0.431, down from 0.48 on the prior day, signalling a higher proportion of calls relative to puts and a slight tilt toward bullish sentiment.
A declining PCR, in the absence of price movement, typically points to a slight bullish tilt in option‑selling activity, as sellers favor premium collection on calls.
Futures OI
Futures OI registers zero change for the current expiry, confirming that the underlying futures market is not experiencing fresh inflows or outflows and that traders are not adjusting net positions.
Stagnant futures OI reinforces the view that traders are content with the status quo and are not aggressively repositioning, keeping the net exposure unchanged.
Data Summary
Overall, the key datum is the unchanged total OI alongside a low PCR, highlighting a steady but mildly bullish positioning for this expiry.
Data as of 2026-09-04