What is Put-Call Ratio (PCR) and how do I interpret it?

PCR is the ratio of total Put Open Interest to Call Open Interest. High PCR (>1.2) indicates bullish sentiment as more puts provide support. Low PCR (<0.8) indicates bearish sentiment as more calls provide resistance. Neutral PCR (0.8-1.2) shows balanced market sentiment.

What is COI PCR and how is it different from regular PCR?

COI PCR (Change in OI PCR) measures the ratio of intraday Put OI change to Call OI change. Unlike regular PCR which uses total accumulated OI, COI PCR uses only today's changes, making it more responsive and valuable for intraday traders.

What is COI Strength and how do I use it?

COI Strength = (PE COI - CE COI) / (|PE COI| + |CE COI|). This normalized indicator measures directional bias on a scale from -1 to +1. Values > 0.3 indicate bullish sentiment, < -0.3 indicate bearish sentiment, and -0.3 to 0.3 indicate neutral activity.

How often does PCR data update?

PCR data updates based on the selected interval. 1 Minute interval provides real-time intraday tracking with updates every minute during market hours. 1 Day interval shows end-of-day PCR values for historical analysis.

What do negative PCR values mean?

Negative PCR occurs when Call OI Change is negative while Put OI is also negative, or vice versa. Common scenarios include: PE > 0 and CE 0 (strong bearish), or both negative (neutral, low conviction). Use COI Strength for clearer signals in these cases.

How do I use PCR with price action?

Combine PCR with price for better signals. Use divergence trading when price and PCR move opposite. Look for confirmation when price and PCR align. Watch for extreme COI Strength values at support/resistance for reversal signals. Monitor sudden COI Strength shifts as they often precede intraday trend changes.

APLAPOLLO

Q: What is COI PCR and how is it different from regular PCR?

COI PCR (Change in OI PCR) measures the ratio of intraday Put OI change to Call OI change. Unlike regular PCR which uses total accumulated OI, COI PCR uses only today's changes, making it more responsive and valuable for intraday traders.

Q: What is COI Strength and how do I use it?

COI Strength = (PE COI - CE COI) / (|PE COI| + |CE COI|). This normalized indicator measures directional bias on a scale from -1 to +1. Values > 0.3 indicate bullish sentiment, < -0.3 indicate bearish sentiment, and -0.3 to 0.3 indicate neutral activity.

Q: How often does PCR data update?

PCR data updates based on the selected interval. 1 Minute interval provides real-time intraday tracking with updates every minute during market hours. 1 Day interval shows end-of-day PCR values for historical analysis.

Q: What do negative PCR values mean?

Negative PCR occurs when Call OI Change is negative while Put OI is also negative, or vice versa. Common scenarios include: PE > 0 and CE 0 (strong bearish), or both negative (neutral, low conviction). Use COI Strength for clearer signals in these cases.

Apl Apollo Tubes Ltd

1803.9 +8.20 (0.46%)

L: 1798 H: 1808.4

Put-Call Ratio - APLAPOLLO

19 Dec 2025 09:35 AM IST

Live

Expiry

Put OI

2,257

Call OI

2,727

PCR

0.83

Put OI Chg

26

Call OI Chg

124

COI PCR

0.21

COI Strength

-0.65

Interval

On 9:30 APLAPOLLO was trading at 1805.8 with pcr value 0.84

On 9:36 APLAPOLLO was trading at 1806.8 with pcr value 0.83

Put-Call-Ratio Table

PCR Table Expiry

Note:- click on symbol to see more detailed view

	PCR OI			COI PCR
Symbol	Put	Call	Ratio	Put	Call	Ratio
360ONE	2,074	3,604	0.58	-11	28	-0.39
ABB	5,341	6,914	0.77	3	-193	-0.02
ABCAPITAL	4,671	8,107	0.58	-22	2	-11.00
ADANIENSOL	3,266	6,037	0.54	9	52	0.17
ADANIENT	26,526	44,361	0.60	-56	641	-0.09
ADANIGREEN	9,742	18,423	0.53	-7	-27	0.26
ADANIPORTS	9,280	19,069	0.49	63	440	0.14
ALKEM	1,293	2,041	0.63	58	-28	-2.07
AMBER	7,227	11,102	0.65	-41	106	-0.39
AMBUJACEM	8,314	11,559	0.72	3	94	0.03
ANGELONE	7,771	20,967	0.37	71	299	0.24
APLAPOLLO	2,257	2,727	0.83	26	124	0.21
APOLLOHOSP	8,982	17,944	0.50	117	-350	-0.33
ASHOKLEY	13,762	13,460	1.02	319	106	3.01
ASIANPAINT	16,653	34,473	0.48	11	-159	-0.07
ASTRAL	4,324	8,121	0.53	56	88	0.64
AUBANK	6,456	7,911	0.82	14	83	0.17
AUROPHARMA	5,102	10,586	0.48	358	458	0.78
AXISBANK	21,804	46,781	0.47	68	-674	-0.10
BAJAJ-AUTO	14,279	28,355	0.50	42	-160	-0.26
BAJAJFINSV	14,181	20,915	0.68	97	-338	-0.29
BAJFINANCE	23,109	39,525	0.58	-36	-245	0.15
BANDHANBNK	7,468	11,113	0.67	-154	-38	4.05
BANKBARODA	12,025	14,317	0.84	103	-190	-0.54
BANKINDIA	3,627	4,978	0.73	3	-25	-0.12
BDL	8,696	21,595	0.40	180	-80	-2.25
BEL	26,217	58,329	0.45	191	-1,093	-0.17
BHARATFORG	4,468	6,936	0.64	136	31	4.39
BHARTIARTL	18,935	40,014	0.47	314	958	0.33
BHEL	8,790	19,327	0.45	-5	191	-0.03
BIOCON	6,125	11,251	0.54	76	-499	-0.15
BLUESTARCO	1,780	1,834	0.97	21	-18	-1.17
BOSCHLTD	1,603	3,853	0.42	-3	57	-0.05
BPCL	5,491	9,340	0.59	76	-42	-1.81
BRITANNIA	6,160	10,427	0.59	-16	-41	0.39
BSE	17,177	32,133	0.53	169	22	7.68
CAMS	4,823	7,729	0.62	27	-135	-0.20
CANBK	12,438	15,216	0.82	302	118	2.56
CDSL	9,676	22,850	0.42	-32	-27	1.19
CGPOWER	4,600	10,585	0.43	0	-90	0.00
CHOLAFIN	8,655	9,440	0.92	410	147	2.79
CIPLA	10,392	14,509	0.72	464	-525	-0.88
COALINDIA	13,118	13,060	1.00	54	13	4.15
COFORGE	9,036	20,454	0.44	219	783	0.28
COLPAL	7,858	12,683	0.62	17	145	0.12
CONCOR	7,769	10,244	0.76	16	65	0.25
CROMPTON	6,884	13,794	0.50	21	337	0.06
CUMMINSIND	3,856	6,371	0.61	13	-13	-1.00
CYIENT	2,370	3,680	0.64	13	2	6.50
DABUR	6,489	11,741	0.55	-4	101	-0.04
DALBHARAT	2,805	4,443	0.63	13	64	0.20
DELHIVERY	4,004	6,282	0.64	-2	-17	0.12
DIVISLAB	8,354	14,230	0.59	1,611	4,610	0.35
DIXON	35,659	69,166	0.52	375	2,537	0.15
DLF	17,077	25,703	0.66	-500	-292	1.71
DMART	7,326	17,552	0.42	-8	137	-0.06
DRREDDY	5,328	10,616	0.50	141	234	0.60
EICHERMOT	10,855	15,183	0.71	299	171	1.75
ETERNAL	18,540	35,857	0.52	-105	-410	0.26
EXIDEIND	4,315	6,756	0.64	-40	14	-2.86
FEDERALBNK	8,498	7,913	1.07	214	23	9.30
FORTIS	3,593	8,011	0.45	68	-16	-4.25
GAIL	13,114	19,968	0.66	-34	-75	0.45
GLENMARK	7,836	10,710	0.73	50	168	0.30
GMRAIRPORT	10,436	21,230	0.49	-82	352	-0.23
GODREJCP	3,777	5,495	0.69	-5	32	-0.16
GODREJPROP	6,920	12,003	0.58	5	-36	-0.14
GRASIM	9,461	8,573	1.10	49	12	4.08
HAL	28,566	54,473	0.52	68	-344	-0.20
HAVELLS	3,870	4,860	0.80	94	-34	-2.76
HCLTECH	12,105	21,237	0.57	334	704	0.47
HDFCAMC	11,154	10,898	1.02	-303	-720	0.42
HDFCBANK	43,577	78,285	0.56	787	1,425	0.55
HDFCLIFE	7,058	16,384	0.43	-28	48	-0.58
HEROMOTOCO	14,027	31,366	0.45	404	-391	-1.03
HFCL	4,950	11,514	0.43	0	-40	0.00
HINDALCO	15,818	20,427	0.77	184	-209	-0.88
HINDPETRO	4,070	6,947	0.59	19	51	0.37
HINDUNILVR	9,857	20,595	0.48	5	-151	-0.03
HINDZINC	25,780	36,292	0.71	-586	654	-0.90
HUDCO	6,423	14,738	0.44	13	2	6.50
ICICIBANK	30,937	51,161	0.60	-501	852	-0.59
ICICIGI	3,190	5,988	0.53	0	4	0.00
ICICIPRULI	2,389	4,916	0.49	29	17	1.71
IDEA	14,016	25,341	0.55	-67	80	-0.84
IDFCFIRSTB	9,705	12,245	0.79	-8	94	-0.09
IEX	8,302	11,333	0.73	-2	43	-0.05
IIFL	2,672	4,391	0.61	15	45	0.33
INDHOTEL	6,330	9,641	0.66	50	-312	-0.16
INDIANB	4,835	11,821	0.41	13	-48	-0.27
INDIGO	53,465	97,368	0.55	136	665	0.20
INDUSINDBK	12,876	18,622	0.69	82	505	0.16
INDUSTOWER	8,511	14,468	0.59	-32	-66	0.48
INFY	48,271	69,767	0.69	992	5,729	0.17
INOXWIND	6,713	13,808	0.49	-5	9	-0.56
IOC	7,625	11,842	0.64	-60	195	-0.31
IRCTC	7,095	10,445	0.68	22	-137	-0.16
IREDA	5,130	10,280	0.50	3	-14	-0.21
IRFC	4,666	9,328	0.50	6	-16	-0.38
ITC	20,326	32,738	0.62	-78	-60	1.30
JINDALSTEL	5,638	9,221	0.61	-13	36	-0.36
JIOFIN	18,277	26,108	0.70	23	-589	-0.04
JSWENERGY	9,609	15,157	0.63	19	42	0.45
JSWSTEEL	11,718	27,865	0.42	-94	242	-0.39
JUBLFOOD	6,066	10,349	0.59	19	61	0.31
KALYANKJIL	4,758	9,463	0.50	-6	56	-0.11
KAYNES	29,747	76,325	0.39	449	1,296	0.35
KEI	2,603	3,773	0.69	31	25	1.24
KFINTECH	4,239	5,691	0.74	8	234	0.03
KOTAKBANK	17,656	21,264	0.83	66	210	0.31
KPITTECH	3,786	6,736	0.56	-41	-66	0.62
LAURUSLABS	5,699	9,580	0.59	444	315	1.41
LICHSGFIN	7,583	9,298	0.82	-16	30	-0.53
LICI	6,076	11,913	0.51	4	-62	-0.06
LODHA	4,910	10,825	0.45	38	-105	-0.36
LT	17,729	31,398	0.56	188	-216	-0.87
LTF	5,097	7,946	0.64	4	-38	-0.11
LTIM	5,228	8,096	0.65	490	1,865	0.26
LUPIN	5,465	6,381	0.86	191	-269	-0.71
M&M	17,207	33,102	0.52	104	422	0.25
MANAPPURAM	3,751	6,387	0.59	-26	57	-0.46
MANKIND	2,407	4,498	0.54	19	-84	-0.23
MARICO	3,254	5,082	0.64	88	205	0.43
MARUTI	28,122	31,678	0.89	32	561	0.06
MAXHEALTH	6,577	12,189	0.54	201	1,089	0.18
MAZDOCK	10,113	22,337	0.45	-9	-207	0.04
MCX	15,496	22,253	0.70	746	-58	-12.86
MFSL	2,413	4,431	0.54	13	57	0.23
MOTHERSON	5,949	8,747	0.68	-98	-145	0.68
MPHASIS	4,043	5,414	0.75	180	137	1.31
MUTHOOTFIN	5,507	10,692	0.52	10	94	0.11
NATIONALUM	6,894	8,313	0.83	30	75	0.40
NAUKRI	5,794	7,309	0.79	-2	77	-0.03
NBCC	3,358	9,202	0.36	-23	99	-0.23
NCC	3,717	9,029	0.41	-19	33	-0.58
NESTLEIND	4,361	14,435	0.30	45	167	0.27
NHPC	3,186	7,130	0.45	10	-2	-5.00
NMDC	10,029	14,011	0.72	3	234	0.01
NTPC	13,903	23,210	0.60	-234	-26	8.87
NUVAMA	2,967	6,070	0.49	34	228	0.15
NYKAA	2,801	7,166	0.39	-9	15	-0.60
OBEROIRLTY	3,801	5,141	0.74	97	-12	-8.08
OFSS	6,337	11,693	0.54	327	589	0.56
OIL	2,573	4,765	0.54	-2	-17	0.12
ONGC	10,709	26,855	0.40	-35	149	-0.23
PAGEIND	3,520	8,557	0.41	-39	-2	19.50
PATANJALI	4,675	8,420	0.56	-52	-15	3.47
PAYTM	8,108	13,964	0.58	93	77	1.21
PERSISTENT	7,301	12,148	0.60	470	1,142	0.41
PETRONET	9,017	8,532	1.06	15	-12	-1.25
PFC	21,242	33,771	0.63	-167	-995	0.17
PGEL	7,746	11,890	0.65	17	96	0.18
PHOENIXLTD	1,768	3,399	0.52	-3	-51	0.06
PIDILITIND	1,932	2,785	0.69	6	31	0.19
PIIND	3,768	5,661	0.67	0	25	0.00
PNB	11,550	20,811	0.55	-30	-168	0.18
PNBHOUSING	6,882	11,995	0.57	-11	68	-0.16
POLICYBZR	5,900	8,358	0.71	52	-16	-3.25
POLYCAB	5,239	8,176	0.64	514	417	1.23
POWERGRID	10,716	17,586	0.61	-46	-282	0.16
POWERINDIA	4,357	13,133	0.33	259	196	1.32
PPLPHARMA	3,003	7,260	0.41	0	89	0.00
PRESTIGE	2,732	4,268	0.64	-14	-48	0.29
RBLBANK	4,827	8,062	0.60	-4	37	-0.11
RECLTD	21,503	33,140	0.65	-210	-112	1.88
RELIANCE	50,247	91,685	0.55	996	-3,035	-0.33
RVNL	6,078	12,782	0.48	-29	-179	0.16
SAIL	5,873	11,254	0.52	-114	416	-0.27
SAMMAANCAP	9,135	13,505	0.68	-147	-64	2.30
SBICARD	4,840	6,957	0.70	51	-70	-0.73
SBILIFE	5,517	11,586	0.48	10	67	0.15
SBIN	40,966	58,362	0.70	-365	87	-4.20
SHREECEM	2,555	6,332	0.40	293	457	0.64
SHRIRAMFIN	15,910	23,822	0.67	433	816	0.53
SIEMENS	8,564	19,341	0.44	-90	-314	0.29
SOLARINDS	4,162	10,864	0.38	-27	294	-0.09
SONACOMS	2,569	5,620	0.46	5	15	0.33
SRF	7,305	9,067	0.81	-87	76	-1.14
SUNPHARMA	8,467	24,537	0.35	-101	-1,637	0.06
SUPREMEIND	4,195	7,096	0.59	7	93	0.08
SUZLON	10,140	24,938	0.41	6	-28	-0.21
SYNGENE	1,489	3,438	0.43	25	17	1.47
TATACONSUM	5,174	9,860	0.52	20	40	0.50
TATAELXSI	6,284	15,886	0.40	790	1,026	0.77
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,220	28,260	0.68	2	-69	-0.03
TATASTEEL	14,927	27,419	0.54	38	371	0.10
TATATECH	4,699	7,600	0.62	-27	-1	27.00
TCS	36,466	47,385	0.77	698	687	1.02
TECHM	8,730	10,268	0.85	48	175	0.27
TIINDIA	4,926	7,706	0.64	5	25	0.20
TITAGARH	2,712	5,573	0.49	-5	-31	0.16
TITAN	13,305	21,283	0.63	93	633	0.15
TMPV	38,984	78,796	0.49	-1,229	-1,195	1.03
TORNTPHARM	1,282	2,634	0.49	100	145	0.69
TORNTPOWER	1,832	3,501	0.52	-8	-12	0.67
TRENT	26,168	51,470	0.51	-69	-645	0.11
TVSMOTOR	9,225	9,279	0.99	140	-197	-0.71
ULTRACEMCO	11,519	21,288	0.54	36	43	0.84
UNIONBANK	5,287	7,926	0.67	35	-8	-4.38
UNITDSPR	8,212	10,226	0.80	22	185	0.12
UNOMINDA	2,794	5,342	0.52	4	-28	-0.14
UPL	4,848	6,875	0.71	-27	39	-0.69
VBL	9,362	18,549	0.50	-19	-107	0.18
VEDL	42,846	40,136	1.07	209	336	0.62
VOLTAS	6,886	9,255	0.74	137	400	0.34
WIPRO	12,387	14,381	0.86	552	250	2.21
YESBANK	6,373	12,933	0.49	10	-54	-0.19
ZYDUSLIFE	3,522	4,642	0.76	-15	-151	0.10

Understanding PCR & COI Metrics

PCR (Put-Call Ratio)

PCR = Put OI / Call OI

> 1.2

Bullish

More puts than calls, potential support

0.8 - 1.2

Neutral

Balanced market sentiment

< 0.8

Bearish

More calls than puts, potential resistance

COI Strength

COI Strength = (PE COI - CE COI) / (|PE| + |CE|)

> 0.3

Bullish

Strong put buildup dominance

-0.3 to 0.3

Neutral

Balanced intraday activity

< -0.3

Bearish

Strong call buildup dominance

Frequently Asked Questions

PCR is the ratio of total Put Open Interest to Call Open Interest. It's a contrarian indicator of market sentiment:

High PCR (>1.2): More traders are holding puts, expecting a decline. However, this often acts as support (bullish) as market makers hedge by buying the underlying.
Low PCR (<0.8): More traders are holding calls, expecting a rise. This often acts as resistance (bearish) as market makers hedge by selling the underlying.
Neutral PCR (0.8-1.2): Balanced sentiment with no strong directional bias.

Remember: PCR is contrarian - extreme readings often signal reversals rather than continuation.

COI PCR (Change in OI PCR) measures the ratio of intraday Put OI change to Call OI change, making it more responsive than total OI PCR.

Key Differences:

Regular PCR: Uses total accumulated Open Interest. Shows overall market positioning but changes slowly.
COI PCR: Uses only today's OI changes. Captures fresh positioning and provides timely intraday signals.

Use Case: COI PCR helps identify intraday sentiment shifts before they reflect in total PCR, making it valuable for day traders and short-term positions.

COI Strength = (PE COI - CE COI) / (|PE COI| + |CE COI|)

This normalized indicator measures the directional bias of intraday Open Interest changes on a scale from -1 to +1:

> 0.3 (Bullish): Put side dominance - fresh put writing or buying suggests bullish positioning.
-0.3 to 0.3 (Neutral): Balanced activity on both sides - no clear directional conviction.
< -0.3 (Bearish): Call side dominance - fresh call writing or buying suggests bearish positioning.

Advantages over PCR:

Normalized scale (-1 to +1) makes comparison across symbols easier
Not affected by extreme ratios when one side is very small
Clearly shows which side has stronger intraday momentum

PCR data updates based on the selected interval:

1 Minute Interval: Updates every minute during market hours, providing real-time intraday tracking.
1 Day Interval: Shows end-of-day PCR values for historical analysis and trend identification.

Note: OI data comes from the exchange and may have a slight delay. Premium users get access to faster refresh rates and more granular intervals.

Negative PCR occurs when Call OI Change is negative (unwinding) while Put OI Change is also negative, or vice versa.

Common Scenarios:

PE > 0, CE < 0: Puts building, Calls unwinding → Strong bullish signal
PE < 0, CE > 0: Puts unwinding, Calls building → Strong bearish signal
Both negative: Both sides unwinding → Low conviction, neutral to ranging market

Tip: When PCR becomes negative or very large, use COI Strength instead - it handles these edge cases better and provides clearer directional signals.

Best Practices for Combining PCR with Price:

Divergence Trading: If price is falling but COI PCR shows put buildup (>1.2), it may signal a bounce. If price is rising but COI PCR shows call buildup (<0.8), it may signal resistance.
Confirmation: Use PCR to confirm price trends. Rising prices with increasing calls or falling prices with increasing puts suggests trend continuation.
Extremes: Very high COI Strength (>0.6 or <-0.6) combined with price at support/resistance can signal strong reversals.
Intraday Pivots: Watch for sudden COI Strength shifts (e.g., from +0.5 to -0.3) as they often precede intraday trend changes.

Remember: PCR is a sentiment indicator, not a timing tool. Always combine with technical analysis, support/resistance levels, and risk management.

Related Pages for APLAPOLLO

APLAPOLLO

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD