Varun Beverages Limited Open Interest & PCR Analysis

OI Buildup Pattern

The open‑interest (OI) for the current expiry remains unchanged at 1,11,85,575 contracts while the underlying price is flat at ₹404.5, showing no immediate market reaction. With price stability and zero OI movement, the market exhibits a neutral buildup, indicating neither aggressive long nor short positioning is accruing, and participants appear content to hold existing allocations. This pattern suggests that traders are holding existing positions without adding new directional bets, reflecting a tentative stance ahead of upcoming earnings disclosures.

Put‑Call Ratio

The put‑call ratio (PCR) stands at 0.48, lower than yesterday’s 0.645, signaling a shift toward relatively higher call activity. The decline in PCR reflects a relative increase in call premium demand versus puts, though the absolute level remains below one, implying that put buying still exceeds call buying, and risk‑averse hedging remains prevalent.

Futures OI

Futures open interest registers zero change for the day, showing no net addition or liquidation of contracts, which underscores the calm in derivative trading. The flat futures OI reinforces the neutral stance observed in the spot market, with participants neither expanding nor unwinding positions, suggesting balanced supply‑demand dynamics.

Data Summary

Overall, the key data point is a stagnant total OI of 1,11,85,575 contracts alongside an unchanged spot price of ₹404.5, highlighting a market in equilibrium.