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.

AXISBANK

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.

Axis Bank Limited

1284.8 -1.30 (-0.10%)

L: 1280 H: 1290.4

Put-Call Ratio - AXISBANK

16 Dec 2025 09:02 AM IST

Live

Expiry

Put OI

0

Call OI

0

PCR

NaN

Put OI Chg

-212

Call OI Chg

140

COI PCR

-1.51

COI Strength

-1.00

Interval

On 9:15 AXISBANK was trading at 1284.4 with pcr value 0

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	2,075	3,280	0.63	0	0	0.00
ABB	0	0	0.00	-106	103	-1.03
ABCAPITAL	19	604	0.03	-419	518	-0.81
ADANIENSOL	1,437	1,959	0.73	107	243	0.44
ADANIENT	0	0	0.00	-503	1,168	-0.43
ADANIGREEN	4,875	9,311	0.52	-94	-121	0.78
ADANIPORTS	0	0	0.00	-299	366	-0.82
ALKEM	0	0	0.00	22	-2	-11.00
AMBER	7,125	10,532	0.68	0	0	0.00
AMBUJACEM	0	0	0.00	72	-405	-0.18
ANGELONE	7,728	17,493	0.44	0	0	0.00
APLAPOLLO	0	0	0.00	113	106	1.07
APOLLOHOSP	0	0	0.00	16	7	2.29
ASHOKLEY	0	0	0.00	1,116	-218	-5.12
ASIANPAINT	0	0	0.00	232	1,201	0.19
ASTRAL	0	0	0.00	102	148	0.69
AUBANK	0	0	0.00	106	-636	-0.17
AUROPHARMA	0	0	0.00	90	76	1.18
AXISBANK	0	0	0.00	-212	140	-1.51
BAJAJ-AUTO	0	0	0.00	-9	1,585	-0.01
BAJAJFINSV	0	0	0.00	-13	-48	0.27
BAJFINANCE	0	0	0.00	158	884	0.18
BANDHANBNK	0	0	0.00	-205	-449	0.46
BANKBARODA	0	0	0.00	-74	454	-0.16
BANKINDIA	0	0	0.00	-22	23	-0.96
BDL	3,279	8,446	0.39	10	412	0.02
BEL	0	0	0.00	370	2,349	0.16
BHARATFORG	0	0	0.00	202	800	0.25
BHARTIARTL	0	0	0.00	41	623	0.07
BHEL	0	0	0.00	-171	1,056	-0.16
BIOCON	0	239	0.00	-25	-94	0.27
BLUESTARCO	1,383	1,714	0.81	0	0	0.00
BOSCHLTD	0	0	0.00	81	124	0.65
BPCL	0	0	0.00	326	955	0.34
BRITANNIA	0	0	0.00	1,225	832	1.47
BSE	5,170	12,301	0.42	702	3,967	0.18
CAMS	0	0	0.00	14	162	0.09
CANBK	0	304	0.00	76	52	1.46
CDSL	0	0	0.00	35	1,127	0.03
CGPOWER	0	0	0.00	22	12	1.83
CHOLAFIN	0	0	0.00	59	191	0.31
CIPLA	0	0	0.00	-155	197	-0.79
COALINDIA	0	0	0.00	235	195	1.21
COFORGE	0	0	0.00	-60	-800	0.07
COLPAL	0	0	0.00	-169	256	-0.66
CONCOR	0	0	0.00	122	293	0.42
CROMPTON	0	0	0.00	-80	123	-0.65
CUMMINSIND	0	0	0.00	-238	178	-1.34
CYIENT	0	0	0.00	-6	62	-0.10
DABUR	0	0	0.00	144	-78	-1.85
DALBHARAT	0	0	0.00	63	488	0.13
DELHIVERY	0	0	0.00	-3	214	-0.01
DIVISLAB	0	0	0.00	-92	337	-0.27
DIXON	0	0	0.00	1,932	-6,098	-0.32
DLF	0	0	0.00	48	342	0.14
DMART	0	0	0.00	-119	158	-0.75
DRREDDY	0	0	0.00	154	-49	-3.14
EICHERMOT	0	0	0.00	-173	1,778	-0.10
ETERNAL	5,603	10,286	0.54	-690	-319	2.16
EXIDEIND	0	0	0.00	74	155	0.48
FEDERALBNK	0	0	0.00	872	-221	-3.95
FORTIS	0	0	0.00	-16	106	-0.15
GAIL	0	0	0.00	19	480	0.04
GLENMARK	0	0	0.00	-22	-431	0.05
GMRAIRPORT	5,479	8,602	0.64	373	518	0.72
GODREJCP	0	0	0.00	306	-71	-4.31
GODREJPROP	15	10	1.50	-2	-72	0.03
GRASIM	0	0	0.00	-26	-9	2.89
HAL	0	0	0.00	173	-756	-0.23
HAVELLS	0	0	0.00	-135	-101	1.34
HCLTECH	0	0	0.00	108	437	0.25
HDFCAMC	933	895	1.04	189	627	0.30
HDFCBANK	0	0	0.00	-871	4,062	-0.21
HDFCLIFE	0	0	0.00	57	1,242	0.05
HEROMOTOCO	0	0	0.00	243	1,033	0.24
HFCL	0	0	0.00	737	1,007	0.73
HINDALCO	0	0	0.00	-1,026	466	-2.20
HINDPETRO	0	0	0.00	-163	4	-40.75
HINDUNILVR	0	0	0.00	-529	-2,992	0.18
HINDZINC	3	2,241	0.00	1,607	4,084	0.39
HUDCO	0	0	0.00	66	824	0.08
ICICIBANK	0	0	0.00	817	1,802	0.45
ICICIGI	0	0	0.00	-137	120	-1.14
ICICIPRULI	0	0	0.00	-15	-184	0.08
IDEA	0	0	0.00	-52	1,924	-0.03
IDFCFIRSTB	0	0	0.00	1,160	-480	-2.42
IEX	0	0	0.00	-74	84	-0.88
IIFL	0	0	0.00	146	485	0.30
INDHOTEL	0	0	0.00	123	243	0.50
INDIANB	0	0	0.00	140	454	0.31
INDIGO	0	0	0.00	-27	-5,451	0.00
INDUSINDBK	0	0	0.00	-109	-314	0.35
INDUSTOWER	0	140	0.00	713	2,977	0.24
INFY	0	0	0.00	2,585	335	7.72
INOXWIND	18	4	4.50	228	30	7.60
IOC	0	0	0.00	581	160	3.63
IRCTC	0	0	0.00	81	94	0.86
IREDA	0	0	0.00	-34	51	-0.67
IRFC	0	0	0.00	-27	184	-0.15
ITC	0	0	0.00	112	-893	-0.13
JINDALSTEL	0	0	0.00	98	225	0.44
JIOFIN	0	0	0.00	-277	371	-0.75
JSWENERGY	0	0	0.00	841	-63	-13.35
JSWSTEEL	0	0	0.00	48	592	0.08
JUBLFOOD	0	0	0.00	-832	639	-1.30
KALYANKJIL	0	0	0.00	82	97	0.85
KAYNES	15,907	18,026	0.88	267	621	0.43
KEI	0	0	0.00	572	503	1.14
KFINTECH	0	0	0.00	-1	486	-0.00
KOTAKBANK	0	0	0.00	-885	-634	1.40
KPITTECH	0	0	0.00	110	685	0.16
LAURUSLABS	0	0	0.00	-328	218	-1.50
LICHSGFIN	0	0	0.00	20	433	0.05
LICI	0	0	0.00	-202	460	-0.44
LODHA	0	0	0.00	18	-114	-0.16
LT	0	0	0.00	-215	-526	0.41
LTF	0	219	0.00	60	260	0.23
LTIM	0	0	0.00	-69	-219	0.32
LUPIN	0	0	0.00	-81	285	-0.28
M&M	0	0	0.00	1,369	6,318	0.22
MANAPPURAM	0	0	0.00	91	101	0.90
MANKIND	0	0	0.00	147	117	1.26
MARICO	0	0	0.00	69	367	0.19
MARUTI	0	0	0.00	-2,392	269	-8.89
MAXHEALTH	0	0	0.00	-32	-440	0.07
MAZDOCK	0	0	0.00	103	714	0.14
MCX	0	0	0.00	35	-196	-0.18
MFSL	0	0	0.00	-52	73	-0.71
MOTHERSON	0	0	0.00	219	99	2.21
MPHASIS	0	0	0.00	114	48	2.38
MUTHOOTFIN	0	0	0.00	527	1,195	0.44
NATIONALUM	0	0	0.00	-272	121	-2.25
NAUKRI	0	0	0.00	-24	108	-0.22
NBCC	0	0	0.00	257	-218	-1.18
NCC	170	0	0.00	108	527	0.20
NESTLEIND	0	0	0.00	-59	-467	0.13
NHPC	0	0	0.00	11	214	0.05
NMDC	0	0	0.00	215	458	0.47
NTPC	0	0	0.00	-177	-373	0.48
NUVAMA	0	0	0.00	-15	3	-5.00
NYKAA	0	0	0.00	-78	146	-0.53
OBEROIRLTY	0	0	0.00	-3	10	-0.30
OFSS	0	0	0.00	-1,223	70	-17.47
OIL	0	0	0.00	-35	100	-0.35
ONGC	0	0	0.00	2,408	1,987	1.21
PAGEIND	0	0	0.00	-15	394	-0.04
PATANJALI	0	0	0.00	77	414	0.19
PAYTM	0	365	0.00	-339	493	-0.69
PERSISTENT	0	0	0.00	211	1,556	0.14
PETRONET	0	0	0.00	35	117	0.30
PFC	0	0	0.00	436	1,624	0.27
PGEL	0	0	0.00	-54	222	-0.24
PHOENIXLTD	0	0	0.00	424	732	0.58
PIDILITIND	0	0	0.00	51	0	0.00
PIIND	0	0	0.00	183	743	0.25
PNB	0	0	0.00	-270	-347	0.78
PNBHOUSING	0	0	0.00	1,373	984	1.40
POLICYBZR	0	0	0.00	-161	91	-1.77
POLYCAB	0	0	0.00	29	24	1.21
POWERGRID	0	0	0.00	140	549	0.26
POWERINDIA	29	619	0.05	-483	130	-3.72
PPLPHARMA	0	0	0.00	-76	638	-0.12
PRESTIGE	0	12	0.00	86	-4	-21.50
RBLBANK	0	0	0.00	-9	134	-0.07
RECLTD	0	0	0.00	254	1,330	0.19
RELIANCE	0	0	0.00	-303	1,498	-0.20
RVNL	0	0	0.00	-16	-125	0.13
SAIL	0	0	0.00	-7	266	-0.03
SAMMAANCAP	283	58	4.88	274	2,826	0.10
SBICARD	0	0	0.00	39	-92	-0.42
SBILIFE	0	0	0.00	217	-264	-0.82
SBIN	0	0	0.00	761	-1,867	-0.41
SHREECEM	0	0	0.00	344	517	0.67
SHRIRAMFIN	1,384	4,683	0.30	405	3,047	0.13
SIEMENS	0	0	0.00	-408	-671	0.61
SOLARINDS	0	0	0.00	56	437	0.13
SONACOMS	9	516	0.02	35	448	0.08
SRF	0	0	0.00	-371	-22	16.86
SUNPHARMA	0	0	0.00	-161	-1,135	0.14
SUPREMEIND	0	15	0.00	300	-50	-6.00
SUZLON	0	0	0.00	449	987	0.45
SYNGENE	0	0	0.00	145	270	0.54
TATACONSUM	0	0	0.00	214	141	1.52
TATAELXSI	0	0	0.00	138	-253	-0.55
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	0	0	0.00	-53	237	-0.22
TATASTEEL	0	0	0.00	-557	-1,096	0.51
TATATECH	0	0	0.00	73	163	0.45
TCS	0	0	0.00	1,323	440	3.01
TECHM	0	0	0.00	-319	418	-0.76
TIINDIA	0	0	0.00	139	135	1.03
TITAGARH	0	0	0.00	-84	-279	0.30
TITAN	0	0	0.00	-262	812	-0.32
TMPV	13,875	18,765	0.74	397	1,680	0.24
TORNTPHARM	0	0	0.00	-34	115	-0.30
TORNTPOWER	0	0	0.00	12	51	0.24
TRENT	0	0	0.00	429	-52	-8.25
TVSMOTOR	0	0	0.00	-73	-18	4.06
ULTRACEMCO	0	0	0.00	266	1,027	0.26
UNIONBANK	0	0	0.00	76	-218	-0.35
UNITDSPR	0	0	0.00	88	178	0.49
UNOMINDA	0	0	0.00	-1	80	-0.01
UPL	0	0	0.00	743	939	0.79
VBL	0	0	0.00	671	1,130	0.59
VEDL	0	0	0.00	927	1,391	0.67
VOLTAS	0	0	0.00	-77	110	-0.70
WIPRO	0	0	0.00	-53	-166	0.32
YESBANK	0	0	0.00	133	300	0.44
ZYDUSLIFE	0	0	0.00	9	56	0.16

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 AXISBANK

AXISBANK

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