Tata Steel Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current build‑up is marked as neutral because both the underlying price and the open interest (OI) are essentially flat on the day. With the spot level unchanged at ₹188.79 and total OI unchanged at 9,81,69,500, there is no clear dominance of either long or short accumulation. Consequently, the market does not exhibit a pronounced long‑buildup (price ↑ + OI ↑) nor a short‑buildup (price ↓ + OI ↑), indicating that participants are neither aggressively adding to long positions nor expanding short exposure for this expiry.

Put‑Call Ratio

The put‑call ratio (PCR) stands at 0.758, up from 0.64 the previous session. This rise reflects a higher proportion of put options relative to calls, suggesting that option writers are leaning modestly toward bearish or defensive positioning.

Futures OI

Futures open interest shows zero change for the current expiry, with the OI figure remaining at 0. Such a flat futures OI implies that the underlying futures market has not attracted additional speculative flow, and existing positions are largely static. The lack of movement corroborates the neutral stance observed in the cash market OI.

Data Summary

The key datum for this expiry is a total cash‑market OI of 9,81,69,500 contracts, unchanged from the prior close.