UPL Limited Open Interest & PCR Analysis
OI Buildup Pattern
The spot price remains flat at ₹536.4 while total open interest shows no net change, indicating a neutral buildup. Both call and put OI are unchanged, so neither long nor short side is intensifying. This equilibrium suggests that market participants are holding existing positions rather than adding new directional bets. The unchanged call OI of 4,864,450 contracts mirrors the stable put side, confirming that neither side is gaining net advantage. Such a flat OI environment often precedes a period of low volatility until new catalysts emerge.
Put-Call Ratio
The put‑call ratio stands at 0.727, up from 0.684 the previous day. A rise in PCR, while still below 1, signals a slight tilt toward greater put participation relative to calls. The incremental increase of 0.043 points represents a modest shift in sentiment without breaching the 1.0 threshold.
Futures OI
Futures open interest is flat at zero change for the current expiry. The absence of movement in futures OI reinforces the overall neutral stance observed in the cash market. Traders appear to be waiting for further price action before adjusting their futures exposure, resulting in the stagnant OI reading.
Data Summary
Total open interest totals 6,695,055 contracts, with call OI at 4,864,450, reflecting a balanced and unchanged positioning environment for this expiry today in market.
Data as of 2026-10-28