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

3830.4 +14.10 (0.37%)

L: 3770 H: 3848.8

Put-Call Ratio - DMART

11 Dec 2025 03:09 PM IST

Live

Expiry

Put OI

7,601

Call OI

13,038

PCR

0.58

Put OI Chg

665

Call OI Chg

418

COI PCR

1.59

COI Strength

0.23

Interval

On 9:30 DMART was trading at 3799.9 with pcr value 0.55

On 9:45 DMART was trading at 3800.8 with pcr value 0.55

On 10:00 DMART was trading at 3816 with pcr value 0.57

On 10:15 DMART was trading at 3823.1 with pcr value 0.56

On 10:30 DMART was trading at 3825.9 with pcr value 0.56

On 10:45 DMART was trading at 3816.9 with pcr value 0.55

On 11:00 DMART was trading at 3818.4 with pcr value 0.55

On 11:15 DMART was trading at 3823.6 with pcr value 0.54

On 11:30 DMART was trading at 3838.6 with pcr value 0.55

On 11:45 DMART was trading at 3836.2 with pcr value 0.55

On 12:00 DMART was trading at 3834.7 with pcr value 0.55

On 12:15 DMART was trading at 3833 with pcr value 0.54

On 12:30 DMART was trading at 3839 with pcr value 0.54

On 12:45 DMART was trading at 3837.8 with pcr value 0.55

On 13:00 DMART was trading at 3842.2 with pcr value 0.55

On 13:15 DMART was trading at 3837.4 with pcr value 0.55

On 13:30 DMART was trading at 3833.9 with pcr value 0.55

On 13:45 DMART was trading at 3836 with pcr value 0.56

On 14:00 DMART was trading at 3845.2 with pcr value 0.56

On 14:15 DMART was trading at 3846.8 with pcr value 0.57

On 14:30 DMART was trading at 3817.8 with pcr value 0.58

On 14:45 DMART was trading at 3820.5 with pcr value 0.58

On 15:00 DMART was trading at 3824.5 with pcr value 0.58

On 15:10 DMART was trading at 3831.3 with pcr value 0.58

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	1,635	3,065	0.53	-54	-28	1.93
ABB	5,111	6,736	0.76	153	470	0.33
ABCAPITAL	4,953	7,663	0.65	332	270	1.23
ADANIENSOL	3,373	5,406	0.62	18	-181	-0.10
ADANIENT	27,572	42,706	0.65	961	-2,576	-0.37
ADANIGREEN	11,247	20,859	0.54	907	-822	-1.10
ADANIPORTS	9,736	18,377	0.53	24	-853	-0.03
ALKEM	1,139	1,786	0.64	65	34	1.91
AMBER	6,965	11,478	0.61	67	-381	-0.18
AMBUJACEM	9,130	12,172	0.75	-217	255	-0.85
ANGELONE	8,244	17,662	0.47	-175	-1,609	0.11
APLAPOLLO	2,392	2,692	0.89	392	-96	-4.08
APOLLOHOSP	7,442	15,433	0.48	635	928	0.68
ASHOKLEY	9,837	12,521	0.79	194	-139	-1.40
ASIANPAINT	17,270	30,046	0.57	344	1,703	0.20
ASTRAL	4,248	7,860	0.54	177	294	0.60
AUBANK	6,788	7,960	0.85	-314	189	-1.66
AUROPHARMA	4,438	10,337	0.43	45	-53	-0.85
AXISBANK	14,063	29,593	0.48	-126	-67	1.88
BAJAJ-AUTO	14,508	25,039	0.58	-265	-1,021	0.26
BAJAJFINSV	13,433	19,288	0.70	-60	-303	0.20
BAJFINANCE	22,501	37,180	0.61	845	2,216	0.38
BANDHANBNK	8,378	12,332	0.68	-83	-130	0.64
BANKBARODA	12,417	14,874	0.83	-137	377	-0.36
BANKINDIA	3,238	4,602	0.70	98	-67	-1.46
BDL	7,414	17,019	0.44	-443	-394	1.12
BEL	26,241	57,423	0.46	173	330	0.52
BHARATFORG	4,023	6,301	0.64	131	-84	-1.56
BHARTIARTL	18,501	40,305	0.46	600	2,008	0.30
BHEL	9,414	18,732	0.50	-23	-270	0.09
BIOCON	6,620	13,398	0.49	134	25	5.36
BLUESTARCO	890	1,307	0.68	97	-81	-1.20
BOSCHLTD	1,502	2,555	0.59	21	-308	-0.07
BPCL	5,118	7,692	0.67	350	487	0.72
BRITANNIA	4,592	7,445	0.62	-52	-8	6.50
BSE	17,539	29,770	0.59	378	-2,582	-0.15
CAMS	4,406	7,823	0.56	-26	-247	0.11
CANBK	12,079	15,588	0.77	118	-410	-0.29
CDSL	10,033	20,345	0.49	-53	-1,539	0.03
CGPOWER	4,768	8,812	0.54	-100	-2	50.00
CHOLAFIN	3,388	5,360	0.63	12	-7	-1.71
CIPLA	10,710	15,139	0.71	-93	-411	0.23
COALINDIA	12,566	11,488	1.09	82	-652	-0.13
COFORGE	8,568	21,911	0.39	-223	901	-0.25
COLPAL	6,610	8,853	0.75	-121	17	-7.12
CONCOR	7,087	9,396	0.75	-131	25	-5.24
CROMPTON	6,463	11,106	0.58	129	40	3.23
CUMMINSIND	3,574	4,293	0.83	158	-105	-1.50
CYIENT	1,879	2,719	0.69	6	-49	-0.12
DABUR	4,722	8,903	0.53	52	360	0.14
DALBHARAT	1,789	2,772	0.65	31	-172	-0.18
DELHIVERY	3,949	5,731	0.69	20	-12	-1.67
DIVISLAB	6,676	8,770	0.76	358	-426	-0.84
DIXON	35,115	70,930	0.50	5,563	674	8.25
DLF	16,342	24,069	0.68	2	-666	-0.00
DMART	7,601	13,038	0.58	665	418	1.59
DRREDDY	5,555	10,973	0.51	675	282	2.39
EICHERMOT	11,298	14,038	0.80	710	1,065	0.67
ETERNAL	18,109	30,952	0.59	371	-1,314	-0.28
EXIDEIND	3,889	5,099	0.76	-44	-26	1.69
FEDERALBNK	7,727	8,257	0.94	594	-37	-16.05
FORTIS	3,497	9,177	0.38	61	105	0.58
GAIL	12,891	19,683	0.65	-100	22	-4.55
GLENMARK	8,354	11,524	0.72	-360	132	-2.73
GMRAIRPORT	10,003	18,955	0.53	203	753	0.27
GODREJCP	2,895	4,001	0.72	7	-179	-0.04
GODREJPROP	6,959	12,020	0.58	-136	-135	1.01
GRASIM	8,856	9,319	0.95	367	-362	-1.01
HAL	27,454	53,038	0.52	-689	-940	0.73
HAVELLS	3,856	4,989	0.77	-28	-15	1.87
HCLTECH	11,672	19,131	0.61	-153	491	-0.31
HDFCAMC	4,085	5,175	0.79	-211	-309	0.68
HDFCBANK	41,449	60,496	0.69	-760	-7,388	0.10
HDFCLIFE	7,131	15,174	0.47	343	738	0.46
HEROMOTOCO	11,893	16,314	0.73	76	-954	-0.08
HFCL	4,430	10,116	0.44	-10	-438	0.02
HINDALCO	15,194	20,072	0.76	57	-134	-0.43
HINDPETRO	4,156	6,438	0.65	106	124	0.85
HINDUNILVR	7,138	16,116	0.44	86	156	0.55
HINDZINC	11,872	18,425	0.64	1,252	1,226	1.02
HUDCO	6,264	13,070	0.48	-179	-240	0.75
ICICIBANK	30,803	48,334	0.64	425	2,214	0.19
ICICIGI	3,211	5,055	0.64	66	35	1.89
ICICIPRULI	2,320	4,375	0.53	-251	56	-4.48
IDEA	15,428	26,734	0.58	553	-830	-0.67
IDFCFIRSTB	8,856	14,374	0.62	192	755	0.25
IEX	8,543	11,920	0.72	61	-111	-0.55
IIFL	2,490	3,891	0.64	-10	139	-0.07
INDHOTEL	5,718	8,563	0.67	158	-47	-3.31
INDIANB	4,699	10,883	0.43	-45	117	-0.38
INDIGO	56,338	1,18,420	0.48	1,856	6,573	0.28
INDUSINDBK	12,654	18,303	0.69	183	-104	-1.76
INDUSTOWER	8,301	13,462	0.62	-80	179	-0.45
INFY	37,367	58,659	0.64	-676	-471	1.44
INOXWIND	7,044	14,345	0.49	35	-606	-0.06
IOC	6,164	11,414	0.54	143	729	0.20
IRCTC	7,147	11,177	0.64	50	-150	-0.33
IREDA	5,058	10,678	0.47	-105	-158	0.66
IRFC	4,469	8,844	0.51	58	-17	-3.41
ITC	24,647	32,686	0.75	205	250	0.82
JINDALSTEL	5,436	8,034	0.68	10	87	0.11
JIOFIN	18,798	25,074	0.75	-75	-2,006	0.04
JSWENERGY	10,166	18,529	0.55	-369	-481	0.77
JSWSTEEL	14,418	27,710	0.52	-53	-437	0.12
JUBLFOOD	3,912	5,796	0.67	-94	-287	0.33
KALYANKJIL	4,709	8,881	0.53	400	-44	-9.09
KAYNES	30,408	80,728	0.38	1,071	2,344	0.46
KEI	1,633	3,070	0.53	32	-180	-0.18
KFINTECH	4,383	5,979	0.73	263	-184	-1.43
KOTAKBANK	20,679	21,807	0.95	5,832	3,141	1.86
KPITTECH	3,161	4,958	0.64	173	-582	-0.30
LAURUSLABS	5,070	8,990	0.56	210	-30	-7.00
LICHSGFIN	7,460	9,232	0.81	-53	99	-0.54
LICI	6,250	10,289	0.61	25	29	0.86
LODHA	4,624	10,303	0.45	-15	69	-0.22
LT	17,738	31,053	0.57	13	431	0.03
LTF	5,156	7,901	0.65	-6	-27	0.22
LTIM	4,687	6,043	0.78	-185	23	-8.04
LUPIN	4,898	6,367	0.77	173	-409	-0.42
M&M	16,360	27,640	0.59	-53	172	-0.31
MANAPPURAM	3,446	5,548	0.62	19	-81	-0.23
MANKIND	2,197	4,320	0.51	-15	221	-0.07
MARICO	2,663	3,899	0.68	-138	-273	0.51
MARUTI	24,696	30,157	0.82	4,416	398	11.10
MAXHEALTH	5,451	10,128	0.54	3	47	0.06
MAZDOCK	9,737	19,611	0.50	-213	-187	1.14
MCX	15,037	23,449	0.64	59	851	0.07
MFSL	2,462	4,200	0.59	12	-165	-0.07
MOTHERSON	6,428	9,938	0.65	492	531	0.93
MPHASIS	3,667	4,606	0.80	56	-41	-1.37
MUTHOOTFIN	4,846	9,959	0.49	216	262	0.82
NATIONALUM	6,020	8,125	0.74	42	154	0.27
NAUKRI	5,739	8,512	0.67	177	484	0.37
NBCC	3,194	6,679	0.48	56	155	0.36
NCC	3,570	7,086	0.50	96	-21	-4.57
NESTLEIND	4,451	15,245	0.29	-59	-115	0.51
NHPC	3,183	6,783	0.47	14	-595	-0.02
NMDC	9,919	12,693	0.78	-192	-570	0.34
NTPC	14,211	22,726	0.63	53	-303	-0.17
NUVAMA	2,237	4,228	0.53	77	31	2.48
NYKAA	2,713	6,578	0.41	43	184	0.23
OBEROIRLTY	3,921	5,643	0.69	-56	-385	0.15
OFSS	10,113	8,348	1.21	4,334	-393	-11.03
OIL	2,512	4,078	0.62	5	-199	-0.03
ONGC	8,394	20,081	0.42	-12	857	-0.01
PAGEIND	3,352	6,769	0.50	-111	-165	0.67
PATANJALI	3,659	8,000	0.46	206	225	0.92
PAYTM	7,845	12,125	0.65	-275	-496	0.55
PERSISTENT	6,160	9,788	0.63	619	157	3.94
PETRONET	8,487	7,998	1.06	-9	-66	0.14
PFC	20,176	32,374	0.62	267	1,156	0.23
PGEL	8,349	12,808	0.65	-89	-50	1.78
PHOENIXLTD	1,444	2,779	0.52	5	-28	-0.18
PIDILITIND	1,937	2,564	0.76	-13	-24	0.54
PIIND	2,555	3,743	0.68	-65	-120	0.54
PNB	11,511	21,929	0.52	-130	336	-0.39
PNBHOUSING	4,037	5,140	0.79	27	-13	-2.08
POLICYBZR	4,656	5,680	0.82	-10	-91	0.11
POLYCAB	4,239	5,848	0.72	248	-140	-1.77
POWERGRID	10,649	15,812	0.67	219	495	0.44
POWERINDIA	4,398	11,890	0.37	-145	285	-0.51
PPLPHARMA	2,524	6,098	0.41	-6	66	-0.09
PRESTIGE	2,953	3,601	0.82	122	-82	-1.49
RBLBANK	4,531	6,937	0.65	319	150	2.13
RECLTD	21,124	31,137	0.68	-63	260	-0.24
RELIANCE	51,052	96,269	0.53	548	2,613	0.21
RVNL	6,513	12,194	0.53	-67	-201	0.33
SAIL	5,754	9,942	0.58	84	27	3.11
SAMMAANCAP	5,935	8,985	0.66	-4	-26	0.15
SBICARD	4,585	7,018	0.65	-19	-262	0.07
SBILIFE	5,321	10,248	0.52	488	1,516	0.32
SBIN	39,395	65,086	0.61	-1,335	-1,202	1.11
SHREECEM	1,513	2,843	0.53	248	-107	-2.32
SHRIRAMFIN	12,118	17,722	0.68	-146	-292	0.50
SIEMENS	5,912	12,616	0.47	459	526	0.87
SOLARINDS	3,519	8,073	0.44	-33	210	-0.16
SONACOMS	2,646	5,505	0.48	286	-191	-1.50
SRF	6,646	10,028	0.66	696	-191	-3.64
SUNPHARMA	6,640	15,198	0.44	-150	-1,203	0.12
SUPREMEIND	3,684	7,014	0.53	389	721	0.54
SUZLON	9,765	23,003	0.42	105	-3	-35.00
SYNGENE	1,637	2,606	0.63	-3	54	-0.06
TATACONSUM	4,554	8,793	0.52	-32	117	-0.27
TATAELXSI	5,377	14,620	0.37	136	-682	-0.20
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,672	25,786	0.76	-231	-30	7.70
TATASTEEL	15,742	31,580	0.50	294	-2,005	-0.15
TATATECH	4,696	7,367	0.64	31	-326	-0.10
TCS	37,776	48,913	0.77	1,479	2,012	0.74
TECHM	7,170	9,216	0.78	-262	-233	1.12
TIINDIA	4,658	7,446	0.63	111	-93	-1.19
TITAGARH	2,519	5,498	0.46	-9	-113	0.08
TITAN	12,129	20,563	0.59	594	442	1.34
TMPV	39,707	85,784	0.46	311	-2,820	-0.11
TORNTPHARM	1,191	2,335	0.51	-16	120	-0.13
TORNTPOWER	2,093	2,836	0.74	217	-133	-1.63
TRENT	26,723	48,667	0.55	1,420	3,567	0.40
TVSMOTOR	9,374	9,669	0.97	-6	-278	0.02
ULTRACEMCO	10,591	18,719	0.57	227	-103	-2.20
UNIONBANK	5,663	9,275	0.61	44	-12	-3.67
UNITDSPR	6,379	8,420	0.76	39	38	1.03
UNOMINDA	2,729	4,954	0.55	-106	-49	2.16
UPL	4,072	5,519	0.74	102	-163	-0.63
VBL	8,971	21,881	0.41	-36	-230	0.16
VEDL	22,029	32,760	0.67	1,028	-481	-2.14
VOLTAS	6,778	7,725	0.88	-154	-227	0.68
WIPRO	11,049	13,775	0.80	99	-323	-0.31
YESBANK	6,275	12,232	0.51	74	-6	-12.33
ZYDUSLIFE	3,279	4,376	0.75	-1	132	-0.01

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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