Open Interest and Volume Dynamics
On 27 Feb 2026, 360 ONE WAM Ltd’s open interest (OI) in futures and options contracts rose sharply to 7,288 contracts from 6,322 the previous day, marking an increase of 966 contracts or 15.28%. This expansion in OI was accompanied by a futures volume of 4,353 contracts, indicating active participation in the derivatives market. The futures value stood at approximately ₹6,866.39 lakhs, while the options segment exhibited a substantial notional value of ₹1,781.37 crores, culminating in a total derivatives market value of ₹7,216.64 lakhs for the stock.
The underlying stock price closed at ₹1,108, having touched an intraday low of ₹1,093, down 3.13% on the day. Notably, the weighted average price of traded volumes skewed closer to the day’s low, signalling selling pressure and potential bearish sentiment among traders.
Price Performance and Moving Averages
360 ONE WAM Ltd has been on a downward trajectory for the past two sessions, delivering a cumulative loss of 2.33%. The stock underperformed its sector by 0.64% and the broader Sensex by 1.35% on the day, reflecting relative weakness. Technical indicators reinforce this bearish trend, with the stock trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — suggesting sustained downward momentum and a lack of near-term support.
Investor participation remains robust, as evidenced by a delivery volume of 3.52 lakh shares on 26 Feb, which is 3.34% higher than the five-day average delivery volume. This rise in delivery volume amidst falling prices may indicate increased selling by long-term holders or profit-booking activity.
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Market Positioning and Potential Directional Bets
The surge in open interest alongside declining prices often signals that new short positions are being established, or existing shorts are being added to, reflecting bearish market sentiment. The increase in OI by 15.28% suggests that traders are actively positioning for further downside or volatility in 360 ONE WAM Ltd’s shares.
Given the stock’s current trading below all major moving averages and the volume concentration near intraday lows, it is plausible that market participants are betting on continued weakness. The sizeable options market value also indicates that option writers and buyers are engaging in strategies that could range from protective puts to speculative calls, but the overall directional bias appears cautious to negative.
Fundamental and Technical Ratings
360 ONE WAM Ltd holds a Market Capitalisation of ₹44,774.78 crores, categorising it as a mid-cap stock within the Capital Markets industry. The company’s Mojo Score currently stands at 54.0, reflecting a Hold rating, a downgrade from a Buy rating assigned on 22 Jan 2026. This downgrade aligns with the recent price weakness and technical deterioration, signalling a more cautious stance from analysts.
The Market Cap Grade is rated 2, indicating moderate size and liquidity, which is corroborated by the stock’s ability to handle trade sizes of approximately ₹1.39 crores based on 2% of the five-day average traded value. This liquidity profile supports active trading in both cash and derivatives segments.
Sector and Broader Market Context
Within the Capital Markets sector, 360 ONE WAM Ltd’s recent underperformance relative to peers and the Sensex suggests sector-specific or company-specific headwinds. The sector’s 1-day return of -1.36% and Sensex’s -0.79% indicate a broadly negative market environment, but 360 ONE WAM Ltd’s sharper decline and rising open interest point to a more pronounced bearish sentiment among investors.
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Implications for Investors
Investors should approach 360 ONE WAM Ltd with caution given the recent downgrade in Mojo Grade and the technical weakness evident in price and volume patterns. The rising open interest in derivatives, particularly amid falling prices, suggests that market participants are increasingly bearish or hedging against downside risks.
For traders, the liquidity profile and active derivatives market provide opportunities to implement tactical strategies, but the prevailing trend indicates a preference for defensive positioning or short-term caution. Long-term investors may wish to monitor the stock for signs of a technical reversal or fundamental improvement before increasing exposure.
Overall, the combination of a 15.3% increase in open interest, declining prices, and a Hold rating underscores a period of consolidation or correction for 360 ONE WAM Ltd, warranting close observation of market developments and sector trends.
Summary
360 ONE WAM Ltd’s derivatives market activity reveals a significant increase in open interest, signalling heightened investor engagement amid a bearish price environment. The stock’s underperformance relative to sector and benchmark indices, combined with technical weakness and a recent downgrade to Hold, suggests cautious sentiment. Investors and traders should weigh these factors carefully, considering both the risks and opportunities presented by the current market positioning.
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