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.

DMART

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.

Avenue Supermarts Limited

3835 -8.00 (-0.21%)

L: 3828.6 H: 3859.9

Put-Call Ratio - DMART

15 Dec 2025 11:08 AM IST

Live

Expiry

Put OI

5,904

Call OI

12,554

PCR

0.47

Put OI Chg

-86

Call OI Chg

158

COI PCR

-0.54

COI Strength

-1.00

Interval

On 9:30 DMART was trading at 3838.6 with pcr value 0.43

On 9:45 DMART was trading at 3846.2 with pcr value 0.42

On 10:00 DMART was trading at 3838.9 with pcr value 0.45

On 10:15 DMART was trading at 3841.6 with pcr value 0.45

On 10:30 DMART was trading at 3837.5 with pcr value 0.47

On 10:45 DMART was trading at 3835 with pcr value 0.48

On 11:00 DMART was trading at 3844 with pcr value 0.48

On 11:09 DMART was trading at 3840 with pcr value 0.47

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	1,989	3,026	0.66	529	324	1.63
ABB	4,214	6,926	0.61	-96	421	-0.23
ABCAPITAL	4,574	6,863	0.67	-331	-54	6.13
ADANIENSOL	2,962	5,192	0.57	151	197	0.77
ADANIENT	24,458	42,859	0.57	-199	867	-0.23
ADANIGREEN	11,419	19,380	0.59	137	257	0.53
ADANIPORTS	8,294	16,661	0.50	-87	505	-0.17
ALKEM	554	1,166	0.48	-1	0	0.00
AMBER	6,537	12,479	0.52	116	1,185	0.10
AMBUJACEM	8,876	10,447	0.85	256	-173	-1.48
ANGELONE	7,336	17,284	0.42	-4	459	-0.01
APLAPOLLO	1,761	2,621	0.67	25	97	0.26
APOLLOHOSP	5,678	14,875	0.38	96	698	0.14
ASHOKLEY	9,963	11,164	0.89	265	13	20.38
ASIANPAINT	16,727	32,257	0.52	84	137	0.61
ASTRAL	3,244	6,652	0.49	25	35	0.71
AUBANK	6,297	7,784	0.81	29	145	0.20
AUROPHARMA	4,076	10,108	0.40	98	181	0.54
AXISBANK	12,029	27,564	0.44	-29	401	-0.07
BAJAJ-AUTO	13,040	28,009	0.47	291	2,005	0.15
BAJAJFINSV	9,143	16,067	0.57	-17	58	-0.29
BAJFINANCE	21,220	37,608	0.56	-34	983	-0.03
BANDHANBNK	4,355	10,774	0.40	-30	-77	0.39
BANKBARODA	11,839	15,837	0.75	207	555	0.37
BANKINDIA	2,021	4,060	0.50	7	-19	-0.37
BDL	7,170	17,292	0.41	97	544	0.18
BEL	25,834	59,428	0.43	490	2,078	0.24
BHARATFORG	4,077	6,981	0.58	226	1,056	0.21
BHARTIARTL	17,893	40,508	0.44	186	755	0.25
BHEL	8,513	17,404	0.49	-210	1,047	-0.20
BIOCON	5,649	12,765	0.44	9	504	0.02
BLUESTARCO	1,116	1,746	0.64	175	583	0.30
BOSCHLTD	974	2,671	0.36	8	103	0.08
BPCL	5,481	7,478	0.73	286	865	0.33
BRITANNIA	5,407	7,909	0.68	916	1,237	0.74
BSE	16,555	29,333	0.56	-26	1,058	-0.02
CAMS	3,157	7,097	0.44	21	12	1.75
CANBK	9,496	15,689	0.61	55	395	0.14
CDSL	8,774	20,822	0.42	19	656	0.03
CGPOWER	3,845	8,482	0.45	43	118	0.36
CHOLAFIN	3,316	5,468	0.61	39	524	0.07
CIPLA	8,539	13,347	0.64	36	26	1.38
COALINDIA	10,131	11,365	0.89	173	107	1.62
COFORGE	7,768	22,115	0.35	-62	127	-0.49
COLPAL	4,874	9,021	0.54	-77	230	-0.33
CONCOR	5,469	8,969	0.61	55	190	0.29
CROMPTON	5,020	11,129	0.45	-39	72	-0.54
CUMMINSIND	2,923	4,345	0.67	-178	193	-0.92
CYIENT	1,623	2,692	0.60	-14	130	-0.11
DABUR	4,839	9,321	0.52	72	190	0.38
DALBHARAT	2,911	3,215	0.91	-10	-521	0.02
DELHIVERY	3,709	4,943	0.75	0	115	0.00
DIVISLAB	6,132	8,318	0.74	14	42	0.33
DIXON	33,755	63,965	0.53	424	-1,418	-0.30
DLF	14,619	25,590	0.57	130	628	0.21
DMART	5,904	12,554	0.47	-86	158	-0.54
DRREDDY	4,894	10,060	0.49	163	185	0.88
EICHERMOT	9,183	15,211	0.60	-176	1,351	-0.13
ETERNAL	17,031	28,259	0.60	-619	119	-5.20
EXIDEIND	3,374	5,021	0.67	99	217	0.46
FEDERALBNK	8,029	7,661	1.05	508	121	4.20
FORTIS	2,888	9,162	0.32	57	331	0.17
GAIL	10,635	20,063	0.53	107	591	0.18
GLENMARK	6,584	10,156	0.65	-25	-42	0.60
GMRAIRPORT	10,821	18,014	0.60	923	1,054	0.88
GODREJCP	2,607	3,805	0.69	-19	-79	0.24
GODREJPROP	4,392	9,279	0.47	-11	26	-0.42
GRASIM	8,412	8,367	1.01	147	67	2.19
HAL	25,259	54,115	0.47	-110	716	-0.15
HAVELLS	3,159	4,124	0.77	-52	-2	26.00
HCLTECH	9,840	19,294	0.51	194	742	0.26
HDFCAMC	3,657	4,585	0.80	36	163	0.22
HDFCBANK	40,418	61,934	0.65	-555	3,330	-0.17
HDFCLIFE	7,048	17,290	0.41	-51	1,294	-0.04
HEROMOTOCO	11,990	18,065	0.66	165	1,182	0.14
HFCL	3,326	11,243	0.30	-15	146	-0.10
HINDALCO	17,462	20,898	0.84	-295	589	-0.50
HINDPETRO	4,055	6,433	0.63	-8	271	-0.03
HINDUNILVR	11,188	22,576	0.50	585	-344	-1.70
HINDZINC	24,918	35,807	0.70	1,019	6,508	0.16
HUDCO	4,601	13,489	0.34	-5	730	-0.01
ICICIBANK	29,477	48,821	0.60	279	1,395	0.20
ICICIGI	2,518	4,435	0.57	-107	77	-1.39
ICICIPRULI	1,938	4,417	0.44	-23	-220	0.10
IDEA	15,250	25,972	0.59	94	1,084	0.09
IDFCFIRSTB	8,939	13,167	0.68	181	238	0.76
IEX	7,251	11,504	0.63	-50	0	0.00
IIFL	2,167	3,827	0.57	-25	172	-0.15
INDHOTEL	3,512	7,907	0.44	105	95	1.10
INDIANB	3,122	10,480	0.30	80	554	0.14
INDIGO	51,296	1,14,025	0.45	1,853	-4,145	-0.45
INDUSINDBK	10,820	18,004	0.60	4	333	0.01
INDUSTOWER	8,248	15,734	0.52	348	3,084	0.11
INFY	38,254	61,067	0.63	1,157	835	1.39
INOXWIND	5,881	13,607	0.43	62	151	0.41
IOC	6,049	11,139	0.54	-45	319	-0.14
IRCTC	5,286	10,704	0.49	50	221	0.23
IREDA	3,920	9,505	0.41	1	12	0.08
IRFC	3,114	8,686	0.36	5	137	0.04
ITC	24,064	34,421	0.70	334	238	1.40
JINDALSTEL	4,304	7,418	0.58	16	411	0.04
JIOFIN	14,998	24,715	0.61	-63	554	-0.11
JSWENERGY	10,358	15,894	0.65	973	633	1.54
JSWSTEEL	13,412	24,722	0.54	59	542	0.11
JUBLFOOD	6,469	7,732	0.84	-15	329	-0.05
KALYANKJIL	4,479	8,596	0.52	-73	-7	10.43
KAYNES	28,844	73,691	0.39	1,445	85	17.00
KEI	1,918	3,320	0.58	460	494	0.93
KFINTECH	3,349	6,265	0.53	29	365	0.08
KOTAKBANK	17,261	21,295	0.81	-1,204	60	-20.07
KPITTECH	2,400	4,734	0.51	-19	269	-0.07
LAURUSLABS	4,971	8,945	0.56	-238	446	-0.53
LICHSGFIN	5,969	9,528	0.63	4	590	0.01
LICI	5,923	11,250	0.53	-97	260	-0.37
LODHA	2,489	9,573	0.26	-14	258	-0.05
LT	16,392	32,039	0.51	-24	-303	0.08
LTF	4,592	7,615	0.60	55	207	0.27
LTIM	3,609	5,077	0.71	-70	-168	0.42
LUPIN	4,961	6,286	0.79	-100	232	-0.43
M&M	15,163	30,350	0.50	779	3,032	0.26
MANAPPURAM	3,460	4,978	0.70	82	66	1.24
MANKIND	1,989	4,538	0.44	94	211	0.45
MARICO	2,612	4,079	0.64	177	675	0.26
MARUTI	32,697	31,094	1.05	-869	126	-6.90
MAXHEALTH	4,511	10,461	0.43	92	324	0.28
MAZDOCK	7,121	21,144	0.34	102	602	0.17
MCX	14,604	22,424	0.65	293	567	0.52
MFSL	1,961	3,544	0.55	-29	45	-0.64
MOTHERSON	6,668	9,037	0.74	-33	122	-0.27
MPHASIS	3,276	4,611	0.71	125	165	0.76
MUTHOOTFIN	6,038	10,688	0.56	444	485	0.92
NATIONALUM	6,688	7,725	0.87	87	135	0.64
NAUKRI	5,203	7,156	0.73	95	270	0.35
NBCC	3,377	7,235	0.47	226	465	0.49
NCC	3,016	7,450	0.40	33	217	0.15
NESTLEIND	3,671	13,564	0.27	9	-157	-0.06
NHPC	2,126	6,336	0.34	-9	164	-0.05
NMDC	8,273	12,476	0.66	48	397	0.12
NTPC	10,917	20,820	0.52	-400	76	-5.28
NUVAMA	2,089	4,062	0.51	28	64	0.44
NYKAA	2,238	6,071	0.37	-24	233	-0.10
OBEROIRLTY	2,987	5,358	0.56	-7	14	-0.50
OFSS	8,193	8,824	0.93	-248	41	-6.05
OIL	1,814	3,901	0.47	-40	12	-3.33
ONGC	11,241	25,945	0.43	3,354	2,489	1.35
PAGEIND	2,744	6,737	0.41	32	339	0.09
PATANJALI	2,692	7,829	0.34	-109	49	-2.22
PAYTM	7,446	11,941	0.62	-336	613	-0.55
PERSISTENT	6,484	9,629	0.67	262	872	0.30
PETRONET	4,983	7,839	0.64	25	191	0.13
PFC	16,389	33,006	0.50	319	1,191	0.27
PGEL	7,815	11,956	0.65	-74	289	-0.26
PHOENIXLTD	977	2,283	0.43	46	192	0.24
PIDILITIND	1,736	2,244	0.77	49	-35	-1.40
PIIND	2,869	4,876	0.59	15	-109	-0.14
PNB	9,712	21,810	0.45	-45	446	-0.10
PNBHOUSING	6,511	12,838	0.51	597	1,917	0.31
POLICYBZR	4,577	6,410	0.71	-110	304	-0.36
POLYCAB	3,987	5,502	0.72	91	32	2.84
POWERGRID	9,283	15,695	0.59	113	597	0.19
POWERINDIA	3,888	10,899	0.36	-384	312	-1.23
PPLPHARMA	1,776	6,046	0.29	-88	311	-0.28
PRESTIGE	1,834	3,391	0.54	72	57	1.26
RBLBANK	4,619	7,373	0.63	1	225	0.00
RECLTD	19,857	33,655	0.59	656	2,008	0.33
RELIANCE	47,799	92,613	0.52	-116	1,418	-0.08
RVNL	5,485	11,438	0.48	1	109	0.01
SAIL	4,553	9,005	0.51	43	208	0.21
SAMMAANCAP	5,714	10,517	0.54	-40	1,725	-0.02
SBICARD	3,913	6,826	0.57	-13	194	-0.07
SBILIFE	3,953	11,051	0.36	-224	-119	1.88
SBIN	36,740	66,635	0.55	626	845	0.74
SHREECEM	1,076	2,608	0.41	22	125	0.18
SHRIRAMFIN	11,860	18,430	0.64	292	871	0.34
SIEMENS	9,892	18,310	0.54	18	-131	-0.14
SOLARINDS	3,260	9,516	0.34	24	491	0.05
SONACOMS	2,030	4,910	0.41	30	168	0.18
SRF	6,328	7,901	0.80	-233	15	-15.53
SUNPHARMA	5,647	18,724	0.30	-288	-402	0.71
SUPREMEIND	2,725	7,456	0.37	80	197	0.41
SUZLON	9,028	22,897	0.39	218	487	0.45
SYNGENE	1,224	2,139	0.57	22	120	0.18
TATACONSUM	4,502	9,765	0.46	292	674	0.43
TATAELXSI	5,381	13,960	0.39	226	-414	-0.55
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	15,456	25,293	0.61	-184	551	-0.33
TATASTEEL	16,768	27,055	0.62	71	273	0.26
TATATECH	3,917	6,890	0.57	42	138	0.30
TCS	36,345	48,639	0.75	1,068	1,844	0.58
TECHM	5,821	8,739	0.67	-10	385	-0.03
TIINDIA	3,191	7,002	0.46	163	225	0.72
TITAGARH	1,754	4,916	0.36	-32	77	-0.42
TITAN	9,160	18,473	0.50	-280	584	-0.48
TMPV	37,764	89,383	0.42	401	5,463	0.07
TORNTPHARM	598	2,279	0.26	-15	68	-0.22
TORNTPOWER	1,732	1,839	0.94	-17	-18	0.94
TRENT	24,737	49,058	0.50	729	447	1.63
TVSMOTOR	6,286	9,623	0.65	-26	248	-0.10
ULTRACEMCO	11,435	16,366	0.70	501	807	0.62
UNIONBANK	4,429	8,193	0.54	-30	-23	1.30
UNITDSPR	4,889	7,035	0.69	67	82	0.82
UNOMINDA	2,022	4,189	0.48	9	47	0.19
UPL	3,200	5,059	0.63	-30	54	-0.56
VBL	8,299	20,737	0.40	101	610	0.17
VEDL	26,386	32,090	0.82	-621	610	-1.02
VOLTAS	5,177	7,105	0.73	-21	-69	0.30
WIPRO	10,087	13,791	0.73	142	237	0.60
YESBANK	5,985	12,960	0.46	29	269	0.11
ZYDUSLIFE	2,425	3,995	0.61	16	31	0.52

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 DMART

DMART

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