UPL Limited Open Interest & PCR Analysis

OI Buildup Pattern

The current open‑interest (OI) for the September 2026 expiry remains unchanged at 7,334,615 contracts, with the call side accounting for 6,737,060 contracts and the put side for 597,555 contracts, indicating a neutral buildup as price and OI have both stagnated. Because the spot price of ₹582.15 shows no movement and total OI is flat, neither long nor short participants are adding new positions, which characterises a short‑unwinding‑absent scenario and they appear to be awaiting further market cues before reallocating capital. The lack of any directional OI shift suggests that market participants are maintaining their existing exposure rather than initiating fresh speculative bets.

Put-Call Ratio

The put‑call ratio stands at 0.919, marginally below the 0.956 recorded yesterday, reflecting a slight tilt toward call‑option demand relative to puts. This modest decline in PCR, while still under one, indicates that bullish sentiment has edged higher but remains within a balanced range.

Futures OI

Consequently, futures open interest for the same expiry registers zero change, confirming that no new speculative or hedging activity is emerging in the futures market in the near term. A flat futures OI, combined with static spot pricing, underscores a broadly neutral positioning among futures traders.

Data Summary

Overall, the unchanged total OI of 7,334,615 contracts, with a call dominance of roughly 92 % and a PCR of 0.919, encapsulates a steady‑state market stance for this expiry.