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.

CRUDEOILM

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.

Crude Oil Mini

5082 +2.00 (0.04%)

L: 5061 H: 5108

Put-Call Ratio - CRUDEOILM

18 Dec 2025 02:32 PM IST

Live

Expiry

Put OI

20,503

Call OI

57,618

PCR

0.36

Put OI Chg

-1,246

Call OI Chg

-8,221

COI PCR

0.15

COI Strength

0.74

Interval

On 9:30 CRUDEOILM was trading at 5103 with pcr value 0.34

On 9:45 CRUDEOILM was trading at 5097 with pcr value 0.34

On 10:00 CRUDEOILM was trading at 5102 with pcr value 0.34

On 10:15 CRUDEOILM was trading at 5099 with pcr value 0.36

On 10:30 CRUDEOILM was trading at 5094 with pcr value 0.35

On 10:45 CRUDEOILM was trading at 5087 with pcr value 0.36

On 11:00 CRUDEOILM was trading at 5092 with pcr value 0.36

On 11:15 CRUDEOILM was trading at 5092 with pcr value 0.35

On 11:30 CRUDEOILM was trading at 5094 with pcr value 0.35

On 11:45 CRUDEOILM was trading at 5100 with pcr value 0.35

On 12:00 CRUDEOILM was trading at 5097 with pcr value 0.37

On 12:15 CRUDEOILM was trading at 5095 with pcr value 0.35

On 12:30 CRUDEOILM was trading at 5096 with pcr value 0.34

On 12:45 CRUDEOILM was trading at 5093 with pcr value 0.34

On 13:00 CRUDEOILM was trading at 5091 with pcr value 0.34

On 13:15 CRUDEOILM was trading at 5098 with pcr value 0.35

On 13:30 CRUDEOILM was trading at 5091 with pcr value 0.35

On 13:45 CRUDEOILM was trading at 5089 with pcr value 0.35

On 14:00 CRUDEOILM was trading at 5094 with pcr value 0.34

On 14:15 CRUDEOILM was trading at 5094 with pcr value 0.35

On 14:30 CRUDEOILM was trading at 5080 with pcr value 0.35

On 14:33 CRUDEOILM was trading at 5080 with pcr value 0.36

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	2,109	3,680	0.57	-33	250	-0.13
ABB	5,337	7,271	0.73	167	623	0.27
ABCAPITAL	4,814	8,203	0.59	-121	111	-1.09
ADANIENSOL	3,271	5,959	0.55	-72	137	-0.53
ADANIENT	26,172	44,097	0.59	7	-338	-0.02
ADANIGREEN	9,872	18,815	0.52	-289	-530	0.55
ADANIPORTS	9,091	18,796	0.48	-47	-25	1.88
ALKEM	1,212	2,045	0.59	7	132	0.05
AMBER	7,183	11,122	0.65	149	-7	-21.29
AMBUJACEM	8,268	11,417	0.72	-203	537	-0.38
ANGELONE	7,751	20,737	0.37	241	1,367	0.18
APLAPOLLO	2,219	2,594	0.86	-159	-444	0.36
APOLLOHOSP	9,036	18,611	0.49	217	-37	-5.86
ASHOKLEY	13,466	13,114	1.03	1,173	552	2.13
ASIANPAINT	16,772	34,393	0.49	-170	385	-0.44
ASTRAL	4,480	8,183	0.55	392	100	3.92
AUBANK	6,431	7,943	0.81	-74	-89	0.83
AUROPHARMA	4,740	10,159	0.47	259	-380	-0.68
AXISBANK	21,512	48,221	0.45	-2,145	-5,766	0.37
BAJAJ-AUTO	14,234	28,981	0.49	-387	653	-0.59
BAJAJFINSV	14,040	21,450	0.65	3	-49	-0.06
BAJFINANCE	23,509	40,011	0.59	-391	-913	0.43
BANDHANBNK	7,636	11,303	0.68	6	-75	-0.08
BANKBARODA	12,075	14,664	0.82	-128	-603	0.21
BANKINDIA	3,621	5,023	0.72	86	-31	-2.77
BDL	8,656	21,765	0.40	115	-201	-0.57
BEL	26,100	59,600	0.44	-488	-1,233	0.40
BHARATFORG	4,414	7,026	0.63	121	51	2.37
BHARTIARTL	18,566	38,971	0.48	-548	-41	13.37
BHEL	9,068	19,938	0.45	224	1,173	0.19
BIOCON	6,151	11,903	0.52	-177	-667	0.27
BLUESTARCO	2,043	1,899	1.08	465	-371	-1.25
BOSCHLTD	1,577	3,841	0.41	-49	351	-0.14
BPCL	5,417	9,465	0.57	-68	8	-8.50
BRITANNIA	6,493	11,163	0.58	203	1,330	0.15
BSE	17,477	32,704	0.53	-334	-4,380	0.08
CAMS	4,913	8,541	0.58	104	908	0.11
CANBK	12,310	15,228	0.81	-29	-56	0.52
CDSL	9,697	23,357	0.42	-60	-272	0.22
CGPOWER	4,499	10,769	0.42	-261	-187	1.40
CHOLAFIN	8,021	9,336	0.86	1,423	247	5.76
CIPLA	9,983	15,210	0.66	-6	-334	0.02
COALINDIA	13,105	13,056	1.00	137	-156	-0.88
COFORGE	8,734	20,327	0.43	-97	469	-0.21
COLPAL	7,885	12,984	0.61	-52	-162	0.32
CONCOR	7,709	10,169	0.76	-119	-255	0.47
CROMPTON	7,148	13,359	0.54	961	1,320	0.73
CUMMINSIND	3,876	6,589	0.59	41	1,329	0.03
CYIENT	2,329	3,718	0.63	-41	246	-0.17
DABUR	6,460	11,652	0.55	201	-39	-5.15
DALBHARAT	2,817	4,336	0.65	-56	397	-0.14
DELHIVERY	3,933	6,388	0.62	-84	-72	1.17
DIVISLAB	6,780	9,779	0.69	154	343	0.45
DIXON	35,794	66,674	0.54	459	-1,173	-0.39
DLF	17,128	25,682	0.67	467	-568	-0.82
DMART	7,180	17,341	0.41	192	1,943	0.10
DRREDDY	5,163	10,458	0.49	40	-158	-0.25
EICHERMOT	10,888	15,313	0.71	-261	-101	2.58
ETERNAL	18,964	37,056	0.51	-53	-122	0.43
EXIDEIND	4,337	6,651	0.65	153	630	0.24
FEDERALBNK	8,399	7,893	1.06	161	-388	-0.41
FORTIS	3,576	8,241	0.43	-44	-176	0.25
GAIL	13,256	20,302	0.65	-196	30	-6.53
GLENMARK	7,954	10,659	0.75	104	-259	-0.40
GMRAIRPORT	10,632	20,958	0.51	-297	903	-0.33
GODREJCP	3,819	5,615	0.68	123	-213	-0.58
GODREJPROP	6,917	12,318	0.56	-110	443	-0.25
GRASIM	9,434	8,610	1.10	-38	-5	7.60
HAL	28,548	55,352	0.52	440	-1,968	-0.22
HAVELLS	3,751	4,884	0.77	59	-166	-0.36
HCLTECH	11,684	21,394	0.55	343	1,009	0.34
HDFCAMC	10,495	11,628	0.90	4,911	4,505	1.09
HDFCBANK	43,390	76,425	0.57	838	2,529	0.33
HDFCLIFE	7,106	16,760	0.42	-63	-573	0.11
HEROMOTOCO	14,095	32,183	0.44	1,461	9,439	0.15
HFCL	4,980	11,832	0.42	56	-36	-1.56
HINDALCO	15,932	20,971	0.76	689	22	31.32
HINDPETRO	4,098	6,948	0.59	101	-64	-1.58
HINDUNILVR	9,861	20,740	0.48	-95	57	-1.67
HINDZINC	27,072	35,692	0.76	1,525	-2,354	-0.65
HUDCO	6,342	14,756	0.43	78	199	0.39
ICICIBANK	32,318	51,299	0.63	-323	-2,779	0.12
ICICIGI	3,219	5,916	0.54	120	-109	-1.10
ICICIPRULI	2,280	4,933	0.46	97	33	2.94
IDEA	14,224	25,291	0.56	-849	426	-1.99
IDFCFIRSTB	9,803	12,160	0.81	123	-425	-0.29
IEX	8,350	11,285	0.74	-31	-191	0.16
IIFL	2,657	4,378	0.61	-45	-98	0.46
INDHOTEL	6,377	10,118	0.63	347	-335	-1.03
INDIANB	4,818	11,991	0.40	-24	-200	0.12
INDIGO	52,840	97,580	0.54	3,134	-8,099	-0.39
INDUSINDBK	12,887	18,312	0.70	-138	-506	0.27
INDUSTOWER	8,575	14,585	0.59	-202	-713	0.28
INFY	44,920	63,868	0.70	5,579	193	28.91
INOXWIND	6,743	13,873	0.49	-22	-13	1.69
IOC	7,665	11,776	0.65	-247	-308	0.80
IRCTC	7,098	10,909	0.65	-549	-123	4.46
IREDA	5,114	10,372	0.49	45	110	0.41
IRFC	4,677	9,307	0.50	32	-243	-0.13
ITC	21,463	35,270	0.61	-279	51	-5.47
JINDALSTEL	5,786	9,327	0.62	277	116	2.39
JIOFIN	18,347	27,087	0.68	606	678	0.89
JSWENERGY	9,663	15,136	0.64	-438	57	-7.68
JSWSTEEL	11,828	28,134	0.42	-608	-966	0.63
JUBLFOOD	6,454	10,524	0.61	552	-341	-1.62
KALYANKJIL	4,804	9,643	0.50	150	445	0.34
KAYNES	30,004	76,052	0.39	-843	-1,013	0.83
KEI	2,611	3,804	0.69	23	-76	-0.30
KFINTECH	4,162	5,928	0.70	-24	-669	0.04
KOTAKBANK	17,791	21,367	0.83	-114	35	-3.26
KPITTECH	3,916	6,874	0.57	125	298	0.42
LAURUSLABS	5,323	9,366	0.57	125	-314	-0.40
LICHSGFIN	7,599	9,434	0.81	-11	-268	0.04
LICI	6,057	12,205	0.50	114	89	1.28
LODHA	4,903	11,252	0.44	203	-1,042	-0.19
LT	17,486	31,679	0.55	-493	75	-6.57
LTF	5,153	8,113	0.64	31	89	0.35
LTIM	4,619	6,408	0.72	94	617	0.15
LUPIN	5,309	6,779	0.78	110	-88	-1.25
M&M	17,050	33,447	0.51	361	1,187	0.30
MANAPPURAM	4,091	6,242	0.66	300	647	0.46
MANKIND	2,421	4,775	0.51	-18	-398	0.05
MARICO	3,115	4,920	0.63	-55	-308	0.18
MARUTI	28,006	31,421	0.89	-1,320	-112	11.79
MAXHEALTH	6,439	11,028	0.58	-398	-2,259	0.18
MAZDOCK	10,098	22,814	0.44	218	-422	-0.52
MCX	15,368	23,211	0.66	157	-1,107	-0.14
MFSL	2,407	4,410	0.55	45	-61	-0.74
MOTHERSON	6,017	8,842	0.68	-1,350	-446	3.03
MPHASIS	3,720	5,551	0.67	159	759	0.21
MUTHOOTFIN	5,546	10,756	0.52	-228	-199	1.15
NATIONALUM	6,898	8,254	0.84	260	8	32.50
NAUKRI	5,874	7,346	0.80	-136	126	-1.08
NBCC	3,407	9,145	0.37	147	687	0.21
NCC	3,867	9,133	0.42	184	359	0.51
NESTLEIND	4,302	14,282	0.30	-69	60	-1.15
NHPC	3,180	7,120	0.45	18	78	0.23
NMDC	10,000	13,793	0.73	-98	-62	1.58
NTPC	13,920	23,812	0.58	-94	1,283	-0.07
NUVAMA	3,088	6,345	0.49	568	2,220	0.26
NYKAA	2,806	7,319	0.38	27	348	0.08
OBEROIRLTY	3,938	5,204	0.76	355	-620	-0.57
OFSS	6,200	11,288	0.55	-221	1,083	-0.20
OIL	2,519	4,780	0.53	-44	-206	0.21
ONGC	10,773	26,888	0.40	-171	95	-1.80
PAGEIND	3,607	8,589	0.42	119	-21	-5.67
PATANJALI	4,852	8,538	0.57	624	-359	-1.74
PAYTM	8,084	13,935	0.58	253	-375	-0.67
PERSISTENT	6,765	11,123	0.61	276	-268	-1.03
PETRONET	8,997	8,553	1.05	97	81	1.20
PFC	21,414	34,742	0.62	445	-131	-3.40
PGEL	7,849	11,934	0.66	-40	-516	0.08
PHOENIXLTD	1,754	3,540	0.50	8	-107	-0.07
PIDILITIND	1,916	2,811	0.68	13	145	0.09
PIIND	3,725	5,721	0.65	192	-82	-2.34
PNB	11,617	21,065	0.55	15	207	0.07
PNBHOUSING	6,850	11,959	0.57	-224	556	-0.40
POLICYBZR	5,833	8,854	0.66	13	-619	-0.02
POLYCAB	4,939	7,922	0.62	-644	-599	1.08
POWERGRID	10,947	18,393	0.60	349	1,091	0.32
POWERINDIA	4,068	12,469	0.33	162	2,126	0.08
PPLPHARMA	3,039	7,301	0.42	37	202	0.18
PRESTIGE	2,809	4,435	0.63	40	86	0.47
RBLBANK	4,833	8,045	0.60	-41	-205	0.20
RECLTD	21,618	33,577	0.64	-511	-1,440	0.35
RELIANCE	49,676	95,928	0.52	-698	-1,013	0.69
RVNL	6,127	13,092	0.47	-122	-77	1.58
SAIL	5,956	10,800	0.55	93	379	0.25
SAMMAANCAP	8,106	13,440	0.60	-418	-539	0.78
SBICARD	4,845	7,184	0.67	-72	-701	0.10
SBILIFE	5,539	11,653	0.48	146	280	0.52
SBIN	41,372	59,324	0.70	-355	-1,050	0.34
SHREECEM	2,282	5,909	0.39	-3	520	-0.01
SHRIRAMFIN	15,324	23,379	0.66	1,148	-1,230	-0.93
SIEMENS	9,198	20,063	0.46	204	2,328	0.09
SOLARINDS	4,264	10,826	0.39	108	-161	-0.67
SONACOMS	2,545	5,717	0.45	-11	-143	0.08
SRF	7,608	9,301	0.82	443	-358	-1.24
SUNPHARMA	7,916	25,458	0.31	1,201	4,847	0.25
SUPREMEIND	4,185	6,994	0.60	-34	-209	0.16
SUZLON	10,004	25,100	0.40	-86	77	-1.12
SYNGENE	1,421	3,033	0.47	-18	-37	0.49
TATACONSUM	5,236	9,894	0.53	-53	-109	0.49
TATAELXSI	5,494	15,166	0.36	-10	-233	0.04
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,363	28,102	0.69	112	1,019	0.11
TATASTEEL	15,113	26,703	0.57	-607	424	-1.43
TATATECH	4,739	7,616	0.62	-62	39	-1.59
TCS	35,527	46,162	0.77	-1,966	-2,969	0.66
TECHM	8,412	10,069	0.84	707	-214	-3.30
TIINDIA	4,803	7,700	0.62	138	-100	-1.38
TITAGARH	2,716	5,657	0.48	126	426	0.30
TITAN	13,086	20,950	0.62	117	26	4.50
TMPV	40,676	83,101	0.49	-87	-3,120	0.03
TORNTPHARM	1,174	2,582	0.45	21	-12	-1.75
TORNTPOWER	1,845	3,456	0.53	-13	167	-0.08
TRENT	26,371	53,085	0.50	-358	1,432	-0.25
TVSMOTOR	9,430	9,790	0.96	-102	272	-0.38
ULTRACEMCO	11,593	21,825	0.53	307	2,374	0.13
UNIONBANK	5,336	8,019	0.67	-161	-284	0.57
UNITDSPR	10,284	10,331	1.00	2,042	594	3.44
UNOMINDA	2,743	5,325	0.52	-81	278	-0.29
UPL	4,882	6,902	0.71	44	13	3.38
VBL	9,478	19,045	0.50	-342	-4,209	0.08
VEDL	43,118	40,580	1.06	3,395	-2,428	-1.40
VOLTAS	6,924	8,658	0.80	738	433	1.70
WIPRO	11,329	14,184	0.80	393	242	1.62
YESBANK	6,393	13,011	0.49	-40	-17	2.35
ZYDUSLIFE	3,481	4,768	0.73	46	71	0.65

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.

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