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.

GOLDM

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.

Gold Mini

132506 -178.00 (-0.13%)

L: 131949 H: 132575

Put-Call Ratio - GOLDM

19 Dec 2025 01:06 PM IST

Live

Expiry

Put OI

41,867

Call OI

33,833

PCR

1.24

Put OI Chg

-4,362

Call OI Chg

-4,086

COI PCR

1.07

COI Strength

-0.03

Interval

On 9:30 GOLDM was trading at 132076 with pcr value 1.25

On 9:45 GOLDM was trading at 132098 with pcr value 1.24

On 10:00 GOLDM was trading at 132085 with pcr value 1.26

On 10:15 GOLDM was trading at 132165 with pcr value 1.23

On 10:30 GOLDM was trading at 132349 with pcr value 1.23

On 10:45 GOLDM was trading at 132170 with pcr value 1.21

On 11:00 GOLDM was trading at 132193 with pcr value 1.21

On 11:15 GOLDM was trading at 132320 with pcr value 1.2

On 11:30 GOLDM was trading at 132460 with pcr value 1.21

On 11:45 GOLDM was trading at 132434 with pcr value 1.22

On 12:00 GOLDM was trading at 132486 with pcr value 1.22

On 12:15 GOLDM was trading at 132385 with pcr value 1.22

On 12:30 GOLDM was trading at 132475 with pcr value 1.21

On 12:45 GOLDM was trading at 132504 with pcr value 1.24

On 13:00 GOLDM was trading at 132460 with pcr value 1.24

On 13:07 GOLDM was trading at 132518 with pcr value 1.24

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	2,082	3,598	0.58	-3	22	-0.14
ABB	5,251	7,066	0.74	-87	-41	2.12
ABCAPITAL	4,593	7,985	0.58	-100	-120	0.83
ADANIENSOL	3,278	6,057	0.54	21	72	0.29
ADANIENT	28,720	46,671	0.62	2,138	2,951	0.72
ADANIGREEN	10,031	17,932	0.56	282	-518	-0.54
ADANIPORTS	9,328	19,072	0.49	111	443	0.25
ALKEM	1,325	2,128	0.62	90	59	1.53
AMBER	7,066	11,076	0.64	-202	80	-2.52
AMBUJACEM	8,328	11,459	0.73	17	-6	-2.83
ANGELONE	7,847	19,990	0.39	147	-678	-0.22
APLAPOLLO	2,372	3,024	0.78	141	421	0.33
APOLLOHOSP	9,214	18,121	0.51	349	-173	-2.02
ASHOKLEY	15,111	13,788	1.10	1,668	434	3.84
ASIANPAINT	16,777	33,242	0.50	135	-1,390	-0.10
ASTRAL	4,310	8,315	0.52	42	282	0.15
AUBANK	6,403	7,946	0.81	-39	118	-0.33
AUROPHARMA	5,271	11,961	0.44	527	1,833	0.29
AXISBANK	21,035	45,127	0.47	-701	-2,328	0.30
BAJAJ-AUTO	14,822	27,018	0.55	585	-1,497	-0.39
BAJAJFINSV	14,069	21,059	0.67	-15	-194	0.08
BAJFINANCE	22,632	37,882	0.60	-513	-1,888	0.27
BANDHANBNK	7,453	10,858	0.69	-169	-293	0.58
BANKBARODA	11,952	13,920	0.86	30	-587	-0.05
BANKINDIA	3,625	4,991	0.73	1	-12	-0.08
BDL	8,561	21,939	0.39	45	264	0.17
BEL	26,121	57,911	0.45	95	-1,511	-0.06
BHARATFORG	4,682	7,603	0.62	350	698	0.50
BHARTIARTL	18,936	41,474	0.46	315	2,418	0.13
BHEL	8,778	19,339	0.45	-17	203	-0.08
BIOCON	6,179	11,726	0.53	130	-24	-5.42
BLUESTARCO	2,550	3,530	0.72	791	1,678	0.47
BOSCHLTD	1,647	3,776	0.44	41	-20	-2.05
BPCL	5,460	9,458	0.58	45	76	0.59
BRITANNIA	6,567	9,587	0.68	391	-881	-0.44
BSE	16,956	33,036	0.51	-52	925	-0.06
CAMS	4,745	7,644	0.62	-51	-220	0.23
CANBK	12,206	16,050	0.76	70	952	0.07
CDSL	9,648	22,844	0.42	-60	-33	1.82
CGPOWER	4,447	10,567	0.42	-153	-108	1.42
CHOLAFIN	13,186	12,421	1.06	4,941	3,128	1.58
CIPLA	10,224	14,746	0.69	296	-288	-1.03
COALINDIA	13,360	13,295	1.00	296	248	1.19
COFORGE	9,025	21,175	0.43	208	1,504	0.14
COLPAL	7,717	12,222	0.63	-124	-316	0.39
CONCOR	7,830	10,376	0.75	77	197	0.39
CROMPTON	6,788	14,447	0.47	-75	990	-0.08
CUMMINSIND	3,985	7,808	0.51	142	1,424	0.10
CYIENT	2,347	3,628	0.65	-10	-50	0.20
DABUR	6,467	11,623	0.56	-26	-17	1.53
DALBHARAT	2,817	4,498	0.63	25	119	0.21
DELHIVERY	4,100	6,263	0.65	94	-36	-2.61
DIVISLAB	9,445	19,953	0.47	2,702	10,333	0.26
DIXON	35,538	73,296	0.48	254	6,667	0.04
DLF	16,546	25,744	0.64	-1,031	-251	4.11
DMART	7,188	17,322	0.41	-146	-93	1.57
DRREDDY	5,041	10,742	0.47	-146	360	-0.41
EICHERMOT	11,064	14,639	0.76	508	-373	-1.36
ETERNAL	18,139	35,171	0.52	-506	-1,096	0.46
EXIDEIND	4,277	6,512	0.66	-78	-230	0.34
FEDERALBNK	9,037	7,809	1.16	753	-81	-9.30
FORTIS	3,582	7,885	0.45	57	-142	-0.40
GAIL	12,862	19,354	0.66	-286	-689	0.42
GLENMARK	7,270	11,151	0.65	-516	609	-0.85
GMRAIRPORT	10,495	21,662	0.48	-23	784	-0.03
GODREJCP	3,751	5,573	0.67	-31	110	-0.28
GODREJPROP	6,882	11,532	0.60	-33	-507	0.07
GRASIM	9,396	8,377	1.12	-16	-184	0.09
HAL	28,114	53,417	0.53	-384	-1,400	0.27
HAVELLS	3,963	4,951	0.80	187	57	3.28
HCLTECH	13,086	25,899	0.51	1,315	5,366	0.25
HDFCAMC	8,683	11,539	0.75	-2,774	-79	35.11
HDFCBANK	43,168	75,826	0.57	378	-1,034	-0.37
HDFCLIFE	7,171	15,739	0.46	85	-597	-0.14
HEROMOTOCO	13,996	32,067	0.44	373	310	1.20
HFCL	4,804	11,474	0.42	-146	-80	1.82
HINDALCO	15,126	21,099	0.72	-508	463	-1.10
HINDPETRO	4,078	6,964	0.59	27	68	0.40
HINDUNILVR	9,664	20,596	0.47	-188	-150	1.25
HINDZINC	26,398	37,273	0.71	-182	1,635	-0.11
HUDCO	6,414	14,838	0.43	4	102	0.04
ICICIBANK	30,989	51,998	0.60	-449	1,689	-0.27
ICICIGI	3,118	6,075	0.51	-72	91	-0.79
ICICIPRULI	2,440	4,849	0.50	80	-50	-1.60
IDEA	14,202	24,935	0.57	119	-326	-0.37
IDFCFIRSTB	9,744	12,141	0.80	31	-10	-3.10
IEX	8,225	11,142	0.74	-79	-148	0.53
IIFL	2,690	4,424	0.61	33	78	0.42
INDHOTEL	6,310	9,711	0.65	30	-242	-0.12
INDIANB	4,810	12,241	0.39	-12	372	-0.03
INDIGO	54,488	96,772	0.56	1,159	69	16.80
INDUSINDBK	12,993	18,480	0.70	199	363	0.55
INDUSTOWER	8,412	14,216	0.59	-131	-318	0.41
INFY	49,366	70,780	0.70	2,087	6,742	0.31
INOXWIND	6,668	13,456	0.50	-50	-343	0.15
IOC	7,322	11,569	0.63	-363	-78	4.65
IRCTC	6,986	10,434	0.67	-87	-148	0.59
IREDA	5,129	10,415	0.49	2	121	0.02
IRFC	4,714	9,403	0.50	54	59	0.92
ITC	20,360	33,652	0.61	-44	-620	0.07
JINDALSTEL	5,680	9,301	0.61	29	116	0.25
JIOFIN	18,245	26,276	0.69	-9	-421	0.02
JSWENERGY	9,636	15,050	0.64	46	-65	-0.71
JSWSTEEL	11,736	27,878	0.42	-76	255	-0.30
JUBLFOOD	5,851	9,797	0.60	-196	-491	0.40
KALYANKJIL	4,799	9,310	0.52	35	-97	-0.36
KAYNES	29,107	71,016	0.41	-191	-4,013	0.05
KEI	2,692	4,023	0.67	120	275	0.44
KFINTECH	4,327	5,651	0.77	96	194	0.49
KOTAKBANK	17,716	21,041	0.84	126	-13	-9.69
KPITTECH	3,853	6,865	0.56	26	63	0.41
LAURUSLABS	6,195	9,740	0.64	940	475	1.98
LICHSGFIN	7,622	9,185	0.83	23	-83	-0.28
LICI	6,110	11,930	0.51	38	-45	-0.84
LODHA	4,946	10,591	0.47	74	-339	-0.22
LT	19,114	30,798	0.62	1,573	-816	-1.93
LTF	5,136	8,042	0.64	43	58	0.74
LTIM	5,693	7,821	0.73	955	1,590	0.60
LUPIN	5,459	6,742	0.81	185	92	2.01
M&M	17,047	31,949	0.53	-56	-731	0.08
MANAPPURAM	3,726	6,248	0.60	-51	-82	0.62
MANKIND	2,432	4,589	0.53	44	7	6.29
MARICO	3,200	4,965	0.64	34	88	0.39
MARUTI	29,734	31,362	0.95	1,644	245	6.71
MAXHEALTH	6,558	11,368	0.58	182	268	0.68
MAZDOCK	10,213	23,299	0.44	91	755	0.12
MCX	16,083	22,197	0.72	1,333	-114	-11.69
MFSL	2,396	4,436	0.54	-4	62	-0.06
MOTHERSON	6,491	8,955	0.72	444	63	7.05
MPHASIS	4,012	5,286	0.76	149	9	16.56
MUTHOOTFIN	5,493	10,848	0.51	-4	250	-0.02
NATIONALUM	6,848	8,572	0.80	-16	334	-0.05
NAUKRI	5,817	7,851	0.74	21	619	0.03
NBCC	3,419	8,000	0.43	38	-1,103	-0.03
NCC	3,722	9,078	0.41	-14	82	-0.17
NESTLEIND	4,384	14,341	0.31	68	73	0.93
NHPC	3,216	7,071	0.45	40	-61	-0.66
NMDC	10,145	14,257	0.71	119	480	0.25
NTPC	14,140	23,158	0.61	3	-78	-0.03
NUVAMA	3,110	7,247	0.43	177	1,405	0.13
NYKAA	2,785	7,190	0.39	-25	39	-0.64
OBEROIRLTY	3,759	5,162	0.73	55	9	6.11
OFSS	6,469	11,883	0.54	459	779	0.59
OIL	2,485	4,661	0.53	-90	-121	0.74
ONGC	10,660	26,761	0.40	-84	55	-1.53
PAGEIND	3,581	9,423	0.38	22	864	0.03
PATANJALI	4,762	8,822	0.54	35	387	0.09
PAYTM	8,632	13,939	0.62	617	52	11.87
PERSISTENT	7,260	12,070	0.60	429	1,064	0.40
PETRONET	9,012	8,285	1.09	10	-259	-0.04
PFC	22,598	33,397	0.68	1,189	-1,369	-0.87
PGEL	7,311	11,693	0.63	-418	-101	4.14
PHOENIXLTD	1,776	3,398	0.52	5	-52	-0.10
PIDILITIND	1,940	2,872	0.68	14	118	0.12
PIIND	3,759	5,698	0.66	-9	62	-0.15
PNB	11,527	20,877	0.55	-53	-102	0.52
PNBHOUSING	6,899	11,914	0.58	6	-13	-0.46
POLICYBZR	6,457	8,154	0.79	609	-220	-2.77
POLYCAB	6,181	8,293	0.75	1,456	534	2.73
POWERGRID	10,611	17,015	0.62	-151	-853	0.18
POWERINDIA	4,684	13,900	0.34	586	963	0.61
PPLPHARMA	3,013	7,311	0.41	10	140	0.07
PRESTIGE	2,793	4,257	0.66	47	-59	-0.80
RBLBANK	4,859	8,025	0.61	28	0	0.00
RECLTD	21,602	33,117	0.65	-111	-135	0.82
RELIANCE	50,762	86,924	0.58	1,511	-7,796	-0.19
RVNL	6,035	12,605	0.48	-72	-356	0.20
SAIL	6,089	11,851	0.51	102	1,013	0.10
SAMMAANCAP	8,905	13,241	0.67	-377	-328	1.15
SBICARD	4,812	7,035	0.68	23	8	2.88
SBILIFE	5,793	11,380	0.51	286	-139	-2.06
SBIN	39,730	58,243	0.68	-1,601	-32	50.03
SHREECEM	2,567	6,822	0.38	305	947	0.32
SHRIRAMFIN	20,553	25,151	0.82	5,076	2,145	2.37
SIEMENS	8,908	19,477	0.46	254	-178	-1.43
SOLARINDS	4,206	11,192	0.38	17	622	0.03
SONACOMS	2,686	5,385	0.50	122	-220	-0.55
SRF	7,517	8,354	0.90	125	-637	-0.20
SUNPHARMA	8,792	24,193	0.36	224	-1,981	-0.11
SUPREMEIND	4,142	7,230	0.57	-46	227	-0.20
SUZLON	10,063	24,967	0.40	-71	1	-71.00
SYNGENE	1,610	3,575	0.45	146	154	0.95
TATACONSUM	5,147	9,674	0.53	-7	-146	0.05
TATAELXSI	15,023	19,102	0.79	9,529	4,242	2.25
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,004	27,395	0.69	-214	-934	0.23
TATASTEEL	14,827	27,836	0.53	-62	788	-0.08
TATATECH	4,777	7,557	0.63	51	-44	-1.16
TCS	35,565	46,341	0.77	-203	-357	0.57
TECHM	8,818	10,368	0.85	136	275	0.49
TIINDIA	4,951	7,471	0.66	30	-210	-0.14
TITAGARH	2,704	5,752	0.47	-13	148	-0.09
TITAN	14,904	22,204	0.67	1,692	1,554	1.09
TMPV	37,108	76,951	0.48	-3,105	-3,040	1.02
TORNTPHARM	1,247	2,620	0.48	65	131	0.50
TORNTPOWER	1,868	3,488	0.54	28	-25	-1.12
TRENT	26,192	50,384	0.52	-45	-1,731	0.03
TVSMOTOR	9,880	9,190	1.08	795	-286	-2.78
ULTRACEMCO	11,721	21,085	0.56	238	-160	-1.49
UNIONBANK	5,354	8,541	0.63	102	607	0.17
UNITDSPR	8,243	10,126	0.81	53	85	0.62
UNOMINDA	2,813	5,400	0.52	23	30	0.77
UPL	4,869	6,993	0.70	-6	157	-0.04
VBL	9,308	19,092	0.49	-73	436	-0.17
VEDL	42,135	40,746	1.03	-502	946	-0.53
VOLTAS	6,505	11,513	0.57	-244	2,658	-0.09
WIPRO	12,094	14,465	0.84	259	334	0.78
YESBANK	6,334	13,121	0.48	-29	134	-0.22
ZYDUSLIFE	3,543	5,026	0.70	6	233	0.03

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 GOLDM

GOLDM

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

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