Open Interest is the total number of outstanding (Derivative) Futures & Options contracts. As the word Open Interest suggests, it is the amount of interest in any derivatives contract. It is different from volume.
Interpretation of ICICIBANK Open Interest
Though every Call or Put contract has both Buyer & Seller, Options OI Data is inferred from a Writers viewpoint as Sellers take a negative Reward to Risk & it is assumed that they have a fair understanding of the markets.
ICICIBANK Call Option Writers view on the underlying: Neutral to Bearish.
ICICIBANK Put Writers view on the underlying: Neutral to Bullish.