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.

ASIANPAINT

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.

Asian Paints Limited

2938.2 -30.30 (-1.02%)

L: 2932.9 H: 2974.5

Put-Call Ratio - ASIANPAINT

08 Dec 2025 10:45 AM IST

Live

Expiry

Put OI

17,837

Call OI

21,780

PCR

0.82

Put OI Chg

-357

Call OI Chg

134

COI PCR

-2.66

COI Strength

-1.00

Interval

On 9:20 ASIANPAINT was trading at 2957.4 with pcr value 0.84

On 9:25 ASIANPAINT was trading at 2955.5 with pcr value 0.84

On 9:30 ASIANPAINT was trading at 2952.9 with pcr value 0.84

On 9:35 ASIANPAINT was trading at 2950.6 with pcr value 0.83

On 9:40 ASIANPAINT was trading at 2946.1 with pcr value 0.83

On 9:45 ASIANPAINT was trading at 2947.3 with pcr value 0.83

On 9:50 ASIANPAINT was trading at 2952 with pcr value 0.83

On 9:55 ASIANPAINT was trading at 2947.1 with pcr value 0.83

On 10:00 ASIANPAINT was trading at 2945.6 with pcr value 0.83

On 10:05 ASIANPAINT was trading at 2944.5 with pcr value 0.83

On 10:10 ASIANPAINT was trading at 2943.7 with pcr value 0.82

On 10:15 ASIANPAINT was trading at 2941.4 with pcr value 0.82

On 10:20 ASIANPAINT was trading at 2945 with pcr value 0.82

On 10:25 ASIANPAINT was trading at 2941.1 with pcr value 0.82

On 10:30 ASIANPAINT was trading at 2945.4 with pcr value 0.82

On 10:35 ASIANPAINT was trading at 2948.9 with pcr value 0.82

On 10:40 ASIANPAINT was trading at 2949.9 with pcr value 0.82

On 10:45 ASIANPAINT was trading at 2949.8 with pcr value 0.82

On 10:46 ASIANPAINT was trading at 2949.9 with pcr value 0.82

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	1,644	2,914	0.56	92	185	0.50
ABB	4,838	6,181	0.78	-25	70	-0.36
ABCAPITAL	4,307	6,534	0.66	-43	14	-3.07
ADANIENSOL	2,762	4,552	0.61	-46	117	-0.39
ADANIENT	26,722	42,899	0.62	-353	1,137	-0.31
ADANIGREEN	9,192	19,741	0.47	60	412	0.15
ADANIPORTS	9,802	17,299	0.57	317	532	0.60
ALKEM	874	1,336	0.65	53	316	0.17
AMBER	6,719	11,868	0.57	380	441	0.86
AMBUJACEM	9,791	11,523	0.85	17	21	0.81
ANGELONE	7,869	16,781	0.47	-10	1,167	-0.01
APLAPOLLO	2,764	3,228	0.86	1,131	1,256	0.90
APOLLOHOSP	6,497	12,755	0.51	121	447	0.27
ASHOKLEY	11,351	12,237	0.93	414	709	0.58
ASIANPAINT	17,315	21,700	0.80	-879	54	-16.28
ASTRAL	3,957	6,726	0.59	131	373	0.35
AUBANK	5,065	5,401	0.94	53	65	0.82
AUROPHARMA	4,371	8,930	0.49	49	199	0.25
AXISBANK	13,546	23,507	0.58	-169	1,237	-0.14
BAJAJ-AUTO	14,888	26,636	0.56	-166	1,851	-0.09
BAJAJFINSV	13,874	16,783	0.83	-145	1,235	-0.12
BAJFINANCE	20,582	30,041	0.69	-324	1,770	-0.18
BANDHANBNK	8,864	13,129	0.68	-19	-48	0.40
BANKBARODA	11,624	13,379	0.87	-408	511	-0.80
BANKINDIA	2,646	4,254	0.62	13	178	0.07
BDL	7,255	13,469	0.54	1,044	1,752	0.60
BEL	24,053	48,193	0.50	1,647	6,566	0.25
BHARATFORG	3,801	5,982	0.64	178	243	0.73
BHARTIARTL	17,614	33,185	0.53	-60	550	-0.11
BHEL	8,975	19,228	0.47	26	565	0.05
BIOCON	6,442	13,358	0.48	71	444	0.16
BLUESTARCO	766	1,116	0.69	0	20	0.00
BOSCHLTD	1,439	2,359	0.61	42	210	0.20
BPCL	4,772	7,110	0.67	91	326	0.28
BRITANNIA	4,040	6,441	0.63	33	273	0.12
BSE	15,133	21,225	0.71	1,145	506	2.26
CAMS	4,326	7,310	0.59	-10	341	-0.03
CANBK	11,579	16,141	0.72	-123	673	-0.18
CDSL	9,135	18,532	0.49	183	1,688	0.11
CGPOWER	5,146	9,221	0.56	73	158	0.46
CHOLAFIN	3,526	5,722	0.62	324	1,683	0.19
CIPLA	10,599	14,508	0.73	81	273	0.30
COALINDIA	12,603	13,353	0.94	99	334	0.30
COFORGE	9,245	17,118	0.54	74	1,675	0.04
COLPAL	6,653	8,151	0.82	17	64	0.27
CONCOR	7,220	9,412	0.77	32	147	0.22
CROMPTON	6,118	10,232	0.60	170	292	0.58
CUMMINSIND	3,222	4,394	0.73	56	274	0.20
CYIENT	2,283	2,897	0.79	-17	90	-0.19
DABUR	4,494	7,797	0.58	330	189	1.75
DALBHARAT	1,369	2,235	0.61	-19	112	-0.17
DELHIVERY	3,303	5,848	0.56	1	145	0.01
DIVISLAB	5,773	8,138	0.71	70	523	0.13
DIXON	20,652	44,371	0.47	196	1,584	0.12
DLF	14,714	21,960	0.67	1,016	2,772	0.37
DMART	5,300	10,051	0.53	71	283	0.25
DRREDDY	5,098	9,797	0.52	85	59	1.44
EICHERMOT	10,139	12,925	0.78	-28	214	-0.13
ETERNAL	15,748	29,456	0.53	858	2,687	0.32
EXIDEIND	3,875	4,773	0.81	-16	82	-0.20
FEDERALBNK	6,478	7,896	0.82	-1	256	-0.00
FORTIS	3,056	7,724	0.40	89	919	0.10
GAIL	13,085	19,696	0.66	19	-19	-1.00
GLENMARK	8,314	11,465	0.73	89	-4	-22.25
GMRAIRPORT	8,713	15,524	0.56	576	743	0.78
GODREJCP	2,938	4,044	0.73	-29	163	-0.18
GODREJPROP	6,591	12,962	0.51	1,180	2,095	0.56
GRASIM	8,503	9,820	0.87	233	425	0.55
HAL	25,941	48,764	0.53	1,735	2,686	0.65
HAVELLS	3,727	4,402	0.85	-4	270	-0.01
HCLTECH	11,786	17,479	0.67	316	703	0.45
HDFCAMC	4,110	5,335	0.77	63	194	0.32
HDFCBANK	39,164	59,620	0.66	1,688	1,243	1.36
HDFCLIFE	7,239	12,690	0.57	317	-115	-2.76
HEROMOTOCO	14,360	16,225	0.89	-2,070	262	-7.90
HFCL	3,920	9,134	0.43	504	1,518	0.33
HINDALCO	15,611	19,919	0.78	520	782	0.66
HINDPETRO	3,936	6,351	0.62	34	-2	-17.00
HINDUNILVR	5,940	9,523	0.62	106	296	0.36
HINDZINC	9,111	17,042	0.53	-44	269	-0.16
HUDCO	5,725	10,762	0.53	15	585	0.03
ICICIBANK	30,696	40,365	0.76	920	3,423	0.27
ICICIGI	2,687	3,924	0.68	22	253	0.09
ICICIPRULI	1,939	3,100	0.63	60	375	0.16
IDEA	14,579	28,086	0.52	341	375	0.91
IDFCFIRSTB	8,208	13,597	0.60	26	322	0.08
IEX	8,753	12,028	0.73	-77	86	-0.90
IIFL	2,238	3,983	0.56	22	127	0.17
INDHOTEL	5,659	8,302	0.68	88	166	0.53
INDIANB	4,247	10,211	0.42	79	361	0.22
INDIGO	47,811	62,816	0.76	21,057	24,610	0.86
INDUSINDBK	12,022	17,373	0.69	-40	-464	0.09
INDUSTOWER	8,674	13,342	0.65	-215	789	-0.27
INFY	41,224	57,004	0.72	1,364	700	1.95
INOXWIND	5,818	10,068	0.58	10	289	0.03
IOC	6,024	10,067	0.60	90	470	0.19
IRCTC	6,977	10,577	0.66	96	347	0.28
IREDA	5,053	10,375	0.49	33	554	0.06
IRFC	3,849	8,266	0.47	101	511	0.20
ITC	25,482	31,132	0.82	-272	279	-0.97
JINDALSTEL	5,257	7,825	0.67	44	169	0.26
JIOFIN	18,123	22,672	0.80	158	550	0.29
JSWENERGY	9,363	16,885	0.55	-29	1,798	-0.02
JSWSTEEL	13,122	26,000	0.50	-35	1,302	-0.03
JUBLFOOD	4,092	5,836	0.70	17	168	0.10
KALYANKJIL	4,097	7,270	0.56	140	243	0.58
KAYNES	23,090	59,854	0.39	-3,237	-5,688	0.57
KEI	1,261	2,968	0.42	54	73	0.74
KFINTECH	3,545	5,968	0.59	39	154	0.25
KOTAKBANK	15,125	16,700	0.91	164	307	0.53
KPITTECH	2,708	5,279	0.51	-61	433	-0.14
LAURUSLABS	4,878	8,680	0.56	84	240	0.35
LICHSGFIN	7,814	9,328	0.84	377	708	0.53
LICI	5,496	8,904	0.62	76	186	0.41
LODHA	4,537	9,165	0.50	189	529	0.36
LT	16,942	25,082	0.68	-41	1,281	-0.03
LTF	5,058	7,409	0.68	2	279	0.01
LTIM	4,828	5,882	0.82	122	136	0.90
LUPIN	5,059	6,799	0.74	47	225	0.21
M&M	17,092	25,320	0.68	-294	681	-0.43
MANAPPURAM	3,047	4,913	0.62	48	212	0.23
MANKIND	2,155	3,654	0.59	-73	42	-1.74
MARICO	2,967	3,845	0.77	-145	210	-0.69
MARUTI	21,236	26,843	0.79	-441	2,041	-0.22
MAXHEALTH	5,132	10,482	0.49	141	1,029	0.14
MAZDOCK	9,420	15,602	0.60	1,814	2,336	0.78
MCX	14,155	18,328	0.77	607	921	0.66
MFSL	2,552	4,875	0.52	196	950	0.21
MOTHERSON	5,724	8,616	0.66	-29	148	-0.20
MPHASIS	3,507	4,378	0.80	55	6	9.17
MUTHOOTFIN	4,307	9,498	0.45	-25	-54	0.46
NATIONALUM	5,768	7,272	0.79	358	337	1.06
NAUKRI	5,635	7,451	0.76	-81	-38	2.13
NBCC	2,907	5,833	0.50	68	371	0.18
NCC	3,135	6,993	0.45	63	143	0.44
NESTLEIND	4,787	12,636	0.38	244	472	0.52
NHPC	3,020	5,741	0.53	23	52	0.44
NMDC	10,282	12,839	0.80	-4	243	-0.02
NTPC	13,541	18,423	0.74	-202	1,715	-0.12
NUVAMA	1,842	4,199	0.44	24	161	0.15
NYKAA	2,415	6,204	0.39	-25	426	-0.06
OBEROIRLTY	3,582	5,429	0.66	35	20	1.75
OFSS	4,042	6,675	0.61	-163	615	-0.27
OIL	2,001	3,406	0.59	-6	160	-0.04
ONGC	8,320	16,569	0.50	114	219	0.52
PAGEIND	3,395	6,601	0.51	50	301	0.17
PATANJALI	3,474	6,690	0.52	-67	523	-0.13
PAYTM	7,760	10,395	0.75	46	98	0.47
PERSISTENT	4,538	7,156	0.63	-308	520	-0.59
PETRONET	8,116	7,358	1.10	47	114	0.41
PFC	19,728	30,352	0.65	321	1,252	0.26
PGEL	7,673	12,028	0.64	783	1,003	0.78
PHOENIXLTD	1,480	2,750	0.54	-17	36	-0.47
PIDILITIND	1,755	2,355	0.75	6	50	0.12
PIIND	2,522	3,601	0.70	-16	85	-0.19
PNB	9,927	18,051	0.55	83	1,006	0.08
PNBHOUSING	3,780	4,398	0.86	34	-66	-0.52
POLICYBZR	3,751	6,029	0.62	521	1,338	0.39
POLYCAB	3,658	5,645	0.65	161	675	0.24
POWERGRID	10,232	14,470	0.71	145	153	0.95
POWERINDIA	4,829	11,030	0.44	271	1,034	0.26
PPLPHARMA	2,488	5,528	0.45	36	206	0.17
PRESTIGE	2,372	3,478	0.68	-10	222	-0.05
RBLBANK	3,909	6,810	0.57	138	641	0.22
RECLTD	20,401	28,731	0.71	579	1,900	0.30
RELIANCE	49,165	88,796	0.55	1,294	1,648	0.79
RVNL	6,383	12,919	0.49	82	399	0.21
SAIL	5,484	9,050	0.61	19	640	0.03
SAMMAANCAP	6,047	9,387	0.64	-3	-77	0.04
SBICARD	4,748	7,210	0.66	-180	-40	4.50
SBILIFE	5,009	7,084	0.71	-20	451	-0.04
SBIN	38,487	61,099	0.63	-3,013	2,295	-1.31
SHREECEM	1,243	2,269	0.55	-9	46	-0.20
SHRIRAMFIN	11,969	18,312	0.65	-343	322	-1.07
SIEMENS	5,346	12,054	0.44	152	1,795	0.08
SOLARINDS	3,408	7,061	0.48	168	345	0.49
SONACOMS	2,334	4,894	0.48	-45	42	-1.07
SRF	5,917	11,560	0.51	41	310	0.13
SUNPHARMA	5,632	12,201	0.46	-167	-826	0.20
SUPREMEIND	3,164	6,061	0.52	64	100	0.64
SUZLON	9,299	21,603	0.43	-87	339	-0.26
SYNGENE	1,602	2,465	0.65	-37	4	-9.25
TATACONSUM	4,786	8,477	0.56	16	52	0.31
TATAELXSI	4,217	8,976	0.47	183	302	0.61
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,027	25,126	0.76	564	1,167	0.48
TATASTEEL	15,415	31,155	0.49	-107	1,448	-0.07
TATATECH	4,556	6,652	0.68	240	226	1.06
TCS	39,070	46,831	0.83	332	2,056	0.16
TECHM	7,594	9,309	0.82	157	1,256	0.13
TIINDIA	2,684	4,560	0.59	77	263	0.29
TITAGARH	2,356	5,168	0.46	-27	373	-0.07
TITAN	11,065	16,691	0.66	297	428	0.69
TMPV	38,436	80,695	0.48	7	5,205	0.00
TORNTPHARM	1,106	2,183	0.51	-9	91	-0.10
TORNTPOWER	1,694	2,818	0.60	8	87	0.09
TRENT	21,509	37,529	0.57	1,473	3,489	0.42
TVSMOTOR	9,229	10,570	0.87	-22	-227	0.10
ULTRACEMCO	9,903	15,432	0.64	214	425	0.50
UNIONBANK	5,546	9,297	0.60	123	511	0.24
UNITDSPR	6,437	8,085	0.80	76	317	0.24
UNOMINDA	2,838	4,943	0.57	59	426	0.14
UPL	4,132	5,461	0.76	219	88	2.49
VBL	8,956	21,455	0.42	-118	392	-0.30
VEDL	20,178	32,082	0.63	17	1,104	0.02
VOLTAS	7,118	7,492	0.95	-41	295	-0.14
WIPRO	11,265	12,788	0.88	712	496	1.44
YESBANK	5,817	11,326	0.51	140	731	0.19
ZYDUSLIFE	3,139	3,801	0.83	7	-13	-0.54

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 ASIANPAINT

ASIANPAINT

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