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Metals & Mining · F&O open-interest buildup · 2026-10-22
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Short covering
Short Covering · Technical: Caution (RSI 41.7, Stage 1) · Price is up as shorts close positions — support from covering, not fresh buying.
How to read this. F&O positioning and the technical read are two separate lenses. Positioning (Long Buildup, Short Buildup, Short Covering, Long Unwinding) comes from how price and open interest moved together today — rising price with rising OI means fresh long positions. The technical read is StockLearn's chart verdict (Bullish, Caution, Weak). They can disagree: institutions often add longs before the chart confirms. When both agree, the signal is strongest — that's why we show them side by side rather than as one label.
Price
₹169.75
Price change
+0.15%
Futures OI (all expiries)
20.19 Cr
OI change
-0.43%
Rollover %
32.63%
Open-interest figures here are futures only (stock futures, all expiries summed). Options OI is excluded so the buildup state reflects pure directional futures positioning.
Short Covering. Price up + open interest down — short positions being closed (supportive).
StockLearn technical read: Caution · RSI 41.7 · Weinstein stage 1.

Price & open interest trend

18816421.15 Cr16.99 Cr09-0809-3010-22
— Price (left)— Futures OI, all expiries (right)
Last 30 sessions. Axes are independently scaled, so the two lines share a time axis but not a value scale — read direction and turning points, not the gap between them.

Futures open interest by expiry

ExpiryCloseFutures OIChg in OIOI %
Oct 2026₹169.2513.60 Cr-3.72 Cr-21.48%
Nov 2026₹170.126.47 Cr3.63 Cr+128.05%
Dec 2026₹170.8011.52 L0+0.00%
All expiries (aggregate)-20.19 Cr-8.65 L-0.43%
We sum open interest across all listed futures expiries for this underlying (near, next and far month), then compute OI % = change in OI ÷ previous OI × 100, where previous OI is yesterday's open interest (today's OI minus today's change). Exchange and broker pages usually show only the near-month future, so their near-month-only OI change can differ from this aggregate — for example when positions roll into the next expiry. Rollover % is the share of total futures OI sitting beyond the near month (32.63% here). It tends to rise through the expiry week as traders carry positions forward; a high or rising rollover signals positions being rolled rather than closed.

Positioning timeline

2026-09-232026-10-22
Short CoveringLong UnwindingLong BuildupShort Buildup

Recent OI & price history

DatePrice chgFutures OIOI chgBuildup
2026-10-22+0.15%20.19 Cr-0.43%Short Covering
2026-10-21+0.31%20.28 Cr-1.87%Short Covering
2026-10-19-1.16%20.66 Cr-0.12%Long Unwinding
2026-10-16+0.39%20.69 Cr-0.17%Short Covering
2026-10-15+0.17%20.73 Cr-0.37%Short Covering
2026-10-14-1.60%20.80 Cr+0.52%Short Buildup
2026-10-13+1.04%20.70 Cr+2.18%Long Buildup
2026-10-12-0.32%20.25 Cr+7.78%Short Buildup
2026-10-09+3.19%18.79 Cr+8.37%Long Buildup
2026-10-08-4.62%17.34 Cr-0.98%Long Unwinding
2026-10-07-2.13%17.51 Cr-0.53%Long Unwinding
2026-10-06+0.65%17.61 Cr-0.24%Short Covering
2026-10-05+1.40%17.65 Cr-0.05%Short Covering
2026-10-01-3.85%17.66 Cr-0.41%Long Unwinding
2026-09-30-0.18%17.73 Cr-1.18%Long Unwinding

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Data as of 2026-10-22. Open interest from NSE F&O Bhavcopy (futures, all expiries aggregated); price from NSE cash market. Figures may be delayed and are for information only.
For research & education only — not investment advice. Open-interest buildup is an automated positioning signal, not a buy/sell recommendation. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. Derivatives carry high risk. Consult a SEBI-registered adviser before trading.