The nearest expiration date for PIRAMAL ENTERPRISE FUTURES is Dec 26, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell PIRAMAL ENTERPRISE FUTURES before Dec 26, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For PIRAMAL ENTERPRISE FUTURES this number is 667.50 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for PIRAMAL ENTERPRISE FUTURES shows that traders are closing their positions, which means a weakening trend.