Oquilia Markets Lab

Market X-Ray, 12 November 2026

Name: Oquilia Market X-Ray, 12 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 Thursday, 12 November 2026.

PAGEIND -13.43% · OI +46.1%NAVINFLUOR +3.25% · OI +32.2%BDL -4.74% · OI +22.8%AMBER +0.59% · OI +15.4%PAYTM +7.70% · OI +10.6%GODFRYPHLP -0.45% · OI +9.7%ATHERENERG +2.79% · OI +9.5%HAL -2.63% · OI +9.2%IRFC -1.62% · OI +8.8%CHOLAFIN +3.07% · OI +8.5%KARURVYSYA -0.81% · OI +8.4%ALKEM -1.80% · OI +8.4%RADICO +4.90% · OI +8.2%ENRIN +2.51% · OI +7.6%SYRMA +0.26% · OI +7.6%MOTILALOFS +5.23% · OI +7.5%

NSE close · 12 Nov

Updates after 7.15 pm on trading days

Foreign investors were net short 49,719 index futures contracts, against 70,413 short on 11 Nov.
Of 218 F&O stocks, 14 saw long unwinding, 47 short build-up, 44 short covering and 54 long build-up.
Nifty options expiring 17 Nov: put-call ratio 0.85; the most call open interest is at 26,000 and the most put open interest at 24,000.
1 stock is in the F&O ban: KAYNES.

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; +20,694 on the day

37% long63% short

Index options, net: calls −2,08,109, puts +3,78,895

Domestic institutions (DII)

net index futures; −4 on the day

67% long33% short

Index options, net: calls +1,061, puts +1,06,106

Brokers' own trading (Pro)

net index futures; −11,627 on the day

29% long71% short

Index options, net: calls +59,528, puts −95,866

Clients (retail and others)

net index futures; −9,063 on the day

60% long40% short

Index options, net: calls +1,47,520, puts −3,89,135

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 17 Nov · close 25,299Puts to the left, calls to the rightput-call ratio

25,900
25,850
25,800
25,750
25,700
25,650
25,600
25,550
25,500
25,450
25,400
25,350
25,300
25,250
25,200
25,150
25,100
25,050
25,000
24,950
24,900
24,850
24,800
24,750
24,700

Most call open interest: 26,000 (1,16,11,535). Most put open interest: 24,000 (1,01,27,195). Boxed: the strike nearest the close.

BANKNIFTYexpiry 23 Nov · close 61,519Puts to the left, calls to the rightput-call ratio

62,700
62,600
62,500
62,400
62,300
62,200
62,100
62,000
61,900
61,800
61,700
61,600
61,500
61,400
61,300
61,200
61,100
61,000
60,900
60,800
60,700
60,600
60,500
60,400
60,300

Most call open interest: 60,500 (10,33,770). Most put open interest: 58,000 (14,27,790). 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%.

MANAPPURAM92.1%
AMBUJACEM88.4%
BANDHANBNK86.0%
SAIL82.7%
IDEA81.4%
LICI81.3%
KAYNESIn ban
INOXWIND79.3%
NMDC73.4%
LICHSGFIN72.0%
CROMPTON71.3%
CANBK68.5%
NBCC65.9%
GLENMARK64.9%
INDUSINDBK62.0%

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
PETRONET	75.4%	+1.58%	177
FORTIS	72.7%	-1.55%	148
KOTAKBANK	71.4%	+0.55%	1,330
POWERGRID	71.2%	-1.63%	201
HINDALCO	70.4%	+0.18%	1,233
SBILIFE	69.9%	+2.97%	316
SUNPHARMA	69.2%	-0.91%	465
BHARTIARTL	68.5%	-0.62%	1,599
GAIL	67.9%	-1.05%	223
INDHOTEL	66.8%	+1.03%	397
AXISBANK	66.7%	+0.49%	1,054
SBIN	66.7%	+2.38%	2,912
CIPLA	66.1%	-0.82%	237
HDFCBANK	65.2%	+0.71%	3,103
CHOLAFIN	65.0%	+2.60%	416

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.