Tube Investments of India Limited Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest (OI) for the current expiry remains unchanged at 9,01,400 contracts, while the spot price is flat at ₹2,698, signalling a neutral buildup. A neutral buildup, defined by a stable price combined with a static OI, suggests that neither long‑side nor short‑side participants are aggressively adding or withdrawing positions. Consequently, market participants appear to be in a holding pattern, awaiting a directional catalyst before committing additional capital.

Put‑Call Ratio

The put‑call ratio (PCR) stands at 0.494, marginally higher than the prior‑day level of 0.485, indicating a slight increase in relative put buying. This modest rise reflects a minor tilt toward bearish sentiment, though the ratio still resides well below the 1.0 threshold that would denote dominant put activity.

Futures OI

Futures open‑interest registers at zero change for the day, confirming that the total number of outstanding futures contracts has remained static. The lack of movement in futures OI reinforces the broader neutral stance observed in the cash market, implying that participants are not initiating new speculative bets on the underlying index.

Data Summary

For this expiry, the key open‑interest figure is a steady 9,01,400 contracts, underpinning a overall neutral market positioning.