Oquilia Markets Lab

Market X-Ray, 4 November 2026

Name: Oquilia Market X-Ray, 4 November 2026: end-of-day positions in India's equity derivatives market
Creator: Oquilia Markets Lab

Who is positioned how in India’s futures and options market, read from NSE’s own end-of-day files and explained. Free, every trading evening. This is Wednesday, 4 November 2026.

CUB +3.43% · OI +24.5%SYRMA +1.10% · OI +20.8%KARURVYSYA +2.82% · OI +19.1%COROMANDEL +2.12% · OI +13.8%SAGILITY +3.62% · OI +12.1%INDIANB +0.80% · OI +10.5%JUBLFOOD +3.45% · OI -10.1%HINDZINC +5.57% · OI +7.0%RADICO +2.77% · OI -6.7%JINDALSTEL +3.56% · OI +6.5%PIIND +0.48% · OI +6.5%NAVINFLUOR +2.18% · OI +6.4%MUTHOOTFIN +8.22% · OI -6.1%SOLARINDS -1.00% · OI +6.1%IREDA +3.76% · OI -6.0%MARICO +2.05% · OI -5.7%

NSE close · 4 Nov

Updates after 7.15 pm on trading days

Foreign investors were net short 1,85,979 index futures contracts, against 2,02,757 short on 3 Nov.
Of 218 F&O stocks, 10 saw long unwinding, 11 short build-up, 77 short covering and 70 long build-up.
Nifty options expiring 9 Nov: put-call ratio 1.07; the most call open interest is at 25,000 and the most put open interest at 23,000.
2 stocks are in the F&O ban: KAYNES, SAIL.

Positioning

Who is positioned how

Index futures held by each kind of trader at the close, in contracts: long minus short. The line is the last 20 sessions.

Foreign investors (FII)

net index futures; +16,778 on the day

14% long86% short

Index options, net: calls −2,21,977, puts +4,21,087

Domestic institutions (DII)

net index futures; −786 on the day

88% long12% short

Index options, net: calls +13,609, puts +1,13,003

Brokers' own trading (Pro)

net index futures; −12,307 on the day

45% long55% short

Index options, net: calls +1,16,463, puts −35,860

Clients (retail and others)

net index futures; −3,685 on the day

77% long23% short

Index options, net: calls +91,905, puts −4,98,230

Build-up

Every F&O stock, at a glance

Each tile is a stock's futures: the price change on the day and the change in open interest across all expiries. Together they say whether positions were being opened or closed. Tap a colour to filter, a tile for its numbers.

Find a stockOrder by

218/218 stocks

Tap a tile for its numbers.

Options

Where the option positions are

NIFTYexpiry 9 Nov · close 23,961Puts to the left, calls to the rightput-call ratio

24,550
24,500
24,450
24,400
24,350
24,300
24,250
24,200
24,150
24,100
24,050
24,000
23,950
23,900
23,850
23,800
23,750
23,700
23,650
23,600
23,550
23,500
23,450
23,400
23,350

Most call open interest: 25,000 (1,18,68,610). Most put open interest: 23,000 (77,92,330). Boxed: the strike nearest the close.

BANKNIFTYexpiry 23 Nov · close 55,914Puts to the left, calls to the rightput-call ratio

57,100
57,000
56,900
56,800
56,700
56,600
56,500
56,400
56,300
56,200
56,100
56,000
55,900
55,800
55,700
55,600
55,500
55,400
55,300
55,200
55,100
55,000
54,900
54,800
54,700

Most call open interest: 58,000 (23,92,320). Most put open interest: 55,000 (13,11,750). Boxed: the strike nearest the close.

Position limits

Close to the F&O ban

Open interest as a share of each stock’s market-wide position limit. Above 95% NSE bans fresh positions; the ban lifts when it falls below 80%.

BANDHANBNK88.1%
KAYNESIn ban
AMBUJACEM84.8%
MANAPPURAM83.5%
LICHSGFIN83.1%
INOXWIND83.0%
SAILIn ban
IDEA78.5%
CROMPTON76.7%
LICI72.8%
NMDC71.3%
CANBK67.8%
APLAPOLLO64.9%
GLENMARK64.8%
NBCC63.0%

Delivery

Where buyers took delivery

F&O stocks with the highest share of shares traded that were taken into demat accounts rather than squared off the same day (turnover above Rs 100 crore).

Stock	Delivery	Price	Rs cr
BHARTIARTL	73.8%	+0.13%	2,318
KOTAKBANK	71.9%	-1.13%	1,013
BAJFINANCE	71.2%	+2.47%	1,423
TORNTPHARM	70.9%	+1.90%	258
INDHOTEL	68.6%	+1.55%	434
EICHERMOT	68.5%	-0.27%	416
JSWENERGY	65.6%	+1.67%	167
CIPLA	65.4%	+0.37%	185
SBILIFE	64.9%	+1.62%	173
INDIANB	64.7%	+0.51%	219
HDFCBANK	64.5%	+1.54%	3,725
ULTRACEMCO	64.5%	+0.99%	321
GAIL	63.7%	+2.46%	315
TECHM	63.5%	-0.34%	355
DIVISLAB	63.3%	-0.26%	535

How to read the X-Ray

Long build-up: price up, open interest up. New positions are being opened by buyers.
Short build-up: price down, open interest up. New positions are being opened by sellers.
Short covering: price up, open interest down. Sellers are closing positions.
Long unwinding: price down, open interest down. Buyers are closing positions.
Put-call ratio: open interest in puts divided by open interest in calls, across every strike of the expiry.
Participants: NSE splits open interest four ways: foreign portfolio investors (FII), domestic institutions such as mutual funds and insurers (DII), brokers trading on their own account (Pro), and everyone else (clients, mostly individuals).

Where the numbers come from

Every figure on this page is calculated from NSE’s public archive files for the session, published each evening: NSE participant-wise open interest, NSE F&O bhavcopy, NSE combined open interest and MWPL, NSE equity bhavcopy with delivery. The X-Ray updates after 7.15 pm on trading days.

What this is not

It is a reading of the exchange’s data, not advice: Oquilia is not a SEBI-registered adviser and says nothing here about what anyone should buy or sell. Positions change through the day and these are the closing figures. SEBI’s own studies found that most individual traders in equity derivatives lose money; see what a trade really costs in the True Cost Calculator.