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.

GRASIM

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.

Grasim Industries Ltd

2797.7 +50.90 (1.85%)

L: 2742.7 H: 2802.7

Put-Call Ratio - GRASIM

11 Dec 2025 02:29 PM IST

Live

Expiry

Put OI

8,826

Call OI

9,071

PCR

0.97

Put OI Chg

337

Call OI Chg

-610

COI PCR

-0.55

COI Strength

1.00

Interval

On 9:30 GRASIM was trading at 2751.7 with pcr value 0.88

On 9:45 GRASIM was trading at 2745.3 with pcr value 0.88

On 10:00 GRASIM was trading at 2748.9 with pcr value 0.88

On 10:15 GRASIM was trading at 2752.2 with pcr value 0.88

On 10:30 GRASIM was trading at 2771.7 with pcr value 0.89

On 10:45 GRASIM was trading at 2779.9 with pcr value 0.91

On 11:00 GRASIM was trading at 2780.5 with pcr value 0.92

On 11:15 GRASIM was trading at 2775.1 with pcr value 0.91

On 11:30 GRASIM was trading at 2780.9 with pcr value 0.91

On 11:45 GRASIM was trading at 2781.5 with pcr value 0.91

On 12:00 GRASIM was trading at 2778.5 with pcr value 0.91

On 12:15 GRASIM was trading at 2777.4 with pcr value 0.91

On 12:30 GRASIM was trading at 2774.7 with pcr value 0.92

On 12:45 GRASIM was trading at 2777.6 with pcr value 0.92

On 13:00 GRASIM was trading at 2779.5 with pcr value 0.92

On 13:15 GRASIM was trading at 2775.2 with pcr value 0.92

On 13:30 GRASIM was trading at 2784.5 with pcr value 0.93

On 13:45 GRASIM was trading at 2789.7 with pcr value 0.94

On 14:00 GRASIM was trading at 2796 with pcr value 0.94

On 14:15 GRASIM was trading at 2797.3 with pcr value 0.98

On 14:30 GRASIM was trading at 2798.5 with pcr value 0.97

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	1,652	3,082	0.54	-37	-11	3.36
ABB	5,093	6,730	0.76	135	464	0.29
ABCAPITAL	4,947	7,724	0.64	326	331	0.98
ADANIENSOL	3,391	5,414	0.63	36	-173	-0.21
ADANIENT	27,736	42,639	0.65	1,125	-2,643	-0.43
ADANIGREEN	11,330	20,870	0.54	990	-811	-1.22
ADANIPORTS	9,867	18,225	0.54	155	-1,005	-0.15
ALKEM	1,149	1,792	0.64	75	40	1.88
AMBER	6,960	11,462	0.61	62	-397	-0.16
AMBUJACEM	9,134	12,178	0.75	-213	261	-0.82
ANGELONE	8,112	17,662	0.46	-307	-1,609	0.19
APLAPOLLO	2,425	2,703	0.90	425	-85	-5.00
APOLLOHOSP	7,315	15,461	0.47	508	956	0.53
ASHOKLEY	9,891	12,489	0.79	248	-171	-1.45
ASIANPAINT	17,300	30,098	0.57	374	1,755	0.21
ASTRAL	4,270	7,885	0.54	199	319	0.62
AUBANK	6,438	7,946	0.81	-664	175	-3.79
AUROPHARMA	4,440	10,392	0.43	47	2	23.50
AXISBANK	14,087	29,631	0.48	-102	-29	3.52
BAJAJ-AUTO	14,578	25,004	0.58	-195	-1,056	0.18
BAJAJFINSV	13,399	19,440	0.69	-94	-151	0.62
BAJFINANCE	22,427	37,259	0.60	771	2,295	0.34
BANDHANBNK	8,415	12,383	0.68	-46	-79	0.58
BANKBARODA	12,452	14,907	0.84	-102	410	-0.25
BANKINDIA	3,223	4,597	0.70	83	-72	-1.15
BDL	7,611	16,963	0.45	-246	-450	0.55
BEL	26,176	56,943	0.46	108	-150	-0.72
BHARATFORG	4,038	6,292	0.64	146	-93	-1.57
BHARTIARTL	18,473	40,301	0.46	572	2,004	0.29
BHEL	9,501	18,582	0.51	64	-420	-0.15
BIOCON	6,624	13,422	0.49	138	49	2.82
BLUESTARCO	876	1,303	0.67	83	-85	-0.98
BOSCHLTD	1,497	2,543	0.59	16	-320	-0.05
BPCL	5,044	7,592	0.66	276	387	0.71
BRITANNIA	4,593	7,388	0.62	-51	-65	0.78
BSE	17,695	30,241	0.59	534	-2,111	-0.25
CAMS	4,412	7,924	0.56	-20	-146	0.14
CANBK	12,141	15,573	0.78	180	-425	-0.42
CDSL	10,004	20,411	0.49	-82	-1,473	0.06
CGPOWER	4,775	8,786	0.54	-93	-28	3.32
CHOLAFIN	3,427	5,312	0.65	51	-55	-0.93
CIPLA	10,733	15,229	0.70	-70	-321	0.22
COALINDIA	12,636	11,487	1.10	152	-653	-0.23
COFORGE	8,608	21,918	0.39	-183	908	-0.20
COLPAL	6,613	8,907	0.74	-118	71	-1.66
CONCOR	7,098	9,481	0.75	-120	110	-1.09
CROMPTON	6,446	11,120	0.58	112	54	2.07
CUMMINSIND	3,609	4,336	0.83	193	-62	-3.11
CYIENT	1,874	2,730	0.69	1	-38	-0.03
DABUR	4,717	8,914	0.53	47	371	0.13
DALBHARAT	1,787	2,795	0.64	29	-149	-0.19
DELHIVERY	3,931	5,728	0.69	2	-15	-0.13
DIVISLAB	6,747	8,874	0.76	429	-322	-1.33
DIXON	34,788	72,632	0.48	5,236	2,376	2.20
DLF	16,409	24,105	0.68	69	-630	-0.11
DMART	7,554	13,019	0.58	618	399	1.55
DRREDDY	5,673	11,018	0.51	793	327	2.43
EICHERMOT	11,244	14,190	0.79	656	1,217	0.54
ETERNAL	17,970	31,018	0.58	232	-1,248	-0.19
EXIDEIND	3,897	5,071	0.77	-36	-54	0.67
FEDERALBNK	7,825	8,241	0.95	692	-53	-13.06
FORTIS	3,499	9,155	0.38	63	83	0.76
GAIL	12,881	19,544	0.66	-110	-117	0.94
GLENMARK	8,361	11,575	0.72	-353	183	-1.93
GMRAIRPORT	9,973	18,797	0.53	173	595	0.29
GODREJCP	2,856	4,000	0.71	-32	-180	0.18
GODREJPROP	6,990	11,965	0.58	-105	-190	0.55
GRASIM	8,826	9,071	0.97	337	-610	-0.55
HAL	27,814	52,641	0.53	-329	-1,337	0.25
HAVELLS	3,882	5,121	0.76	-2	117	-0.02
HCLTECH	11,726	19,221	0.61	-99	581	-0.17
HDFCAMC	4,206	5,204	0.81	-90	-280	0.32
HDFCBANK	41,332	61,361	0.67	-877	-6,523	0.13
HDFCLIFE	7,014	15,096	0.46	226	660	0.34
HEROMOTOCO	11,959	16,440	0.73	142	-828	-0.17
HFCL	4,453	10,115	0.44	13	-439	-0.03
HINDALCO	15,232	20,276	0.75	95	70	1.36
HINDPETRO	4,159	6,414	0.65	109	100	1.09
HINDUNILVR	7,130	15,977	0.45	78	17	4.59
HINDZINC	11,999	18,725	0.64	1,379	1,526	0.90
HUDCO	6,252	13,089	0.48	-191	-221	0.86
ICICIBANK	30,832	48,109	0.64	454	1,989	0.23
ICICIGI	3,218	5,010	0.64	73	-10	-7.30
ICICIPRULI	2,337	4,370	0.53	-234	51	-4.59
IDEA	15,305	27,064	0.57	430	-500	-0.86
IDFCFIRSTB	8,779	14,143	0.62	115	524	0.22
IEX	8,578	11,897	0.72	96	-134	-0.72
IIFL	2,500	3,856	0.65	0	104	0.00
INDHOTEL	5,696	8,542	0.67	136	-68	-1.97
INDIANB	4,676	10,837	0.43	-68	71	-0.96
INDIGO	56,570	1,19,585	0.47	2,088	7,738	0.27
INDUSINDBK	12,623	18,156	0.70	152	-251	-0.61
INDUSTOWER	8,258	13,142	0.63	-123	-141	0.87
INFY	37,170	58,713	0.63	-873	-417	2.09
INOXWIND	7,123	14,337	0.50	114	-614	-0.19
IOC	6,181	11,410	0.54	160	725	0.22
IRCTC	7,167	11,183	0.64	70	-144	-0.49
IREDA	5,067	10,642	0.48	-96	-194	0.49
IRFC	4,478	8,854	0.51	67	-7	-9.57
ITC	24,662	32,760	0.75	220	324	0.68
JINDALSTEL	5,443	8,014	0.68	17	67	0.25
JIOFIN	18,727	25,561	0.73	-146	-1,519	0.10
JSWENERGY	10,249	18,569	0.55	-286	-441	0.65
JSWSTEEL	14,449	27,800	0.52	-22	-347	0.06
JUBLFOOD	3,883	5,763	0.67	-123	-320	0.38
KALYANKJIL	4,598	8,809	0.52	289	-116	-2.49
KAYNES	30,688	81,710	0.38	1,351	3,326	0.41
KEI	1,638	3,067	0.53	37	-183	-0.20
KFINTECH	4,467	6,076	0.74	347	-87	-3.99
KOTAKBANK	21,480	22,465	0.96	6,633	3,799	1.75
KPITTECH	3,170	4,973	0.64	182	-567	-0.32
LAURUSLABS	5,056	8,800	0.57	196	-220	-0.89
LICHSGFIN	7,455	9,183	0.81	-58	50	-1.16
LICI	6,287	10,241	0.61	62	-19	-3.26
LODHA	4,617	10,288	0.45	-22	54	-0.41
LT	17,787	31,094	0.57	62	472	0.13
LTF	5,214	7,936	0.66	52	8	6.50
LTIM	4,670	6,048	0.77	-202	28	-7.21
LUPIN	4,939	6,389	0.77	214	-387	-0.55
M&M	16,428	27,626	0.59	15	158	0.09
MANAPPURAM	3,466	5,563	0.62	39	-66	-0.59
MANKIND	2,202	4,228	0.52	-10	129	-0.08
MARICO	2,670	3,931	0.68	-131	-241	0.54
MARUTI	24,540	29,955	0.82	4,260	196	21.73
MAXHEALTH	5,548	10,076	0.55	100	-5	-20.00
MAZDOCK	9,763	19,598	0.50	-187	-200	0.94
MCX	14,873	23,365	0.64	-105	767	-0.14
MFSL	2,466	4,202	0.59	16	-163	-0.10
MOTHERSON	6,442	9,990	0.64	506	583	0.87
MPHASIS	3,626	4,603	0.79	15	-44	-0.34
MUTHOOTFIN	4,807	9,930	0.48	177	233	0.76
NATIONALUM	6,029	8,198	0.74	51	227	0.22
NAUKRI	5,753	8,329	0.69	191	301	0.63
NBCC	3,204	6,697	0.48	66	173	0.38
NCC	3,578	7,117	0.50	104	10	10.40
NESTLEIND	4,461	15,250	0.29	-49	-110	0.45
NHPC	3,181	7,054	0.45	12	-324	-0.04
NMDC	9,970	12,713	0.78	-141	-550	0.26
NTPC	14,225	22,643	0.63	67	-386	-0.17
NUVAMA	2,247	4,258	0.53	87	61	1.43
NYKAA	2,720	6,599	0.41	50	205	0.24
OBEROIRLTY	3,957	5,674	0.70	-20	-354	0.06
OFSS	10,177	8,379	1.21	4,398	-362	-12.15
OIL	2,492	4,048	0.62	-15	-229	0.07
ONGC	8,370	19,081	0.44	-36	-143	0.25
PAGEIND	3,371	6,795	0.50	-92	-139	0.66
PATANJALI	3,657	7,973	0.46	204	198	1.03
PAYTM	7,917	12,334	0.64	-203	-287	0.71
PERSISTENT	6,291	9,888	0.64	750	257	2.92
PETRONET	8,502	8,012	1.06	6	-52	-0.12
PFC	20,254	32,382	0.63	345	1,164	0.30
PGEL	8,254	12,855	0.64	-184	-3	61.33
PHOENIXLTD	1,433	2,804	0.51	-6	-3	2.00
PIDILITIND	1,930	2,553	0.76	-20	-35	0.57
PIIND	2,565	3,757	0.68	-55	-106	0.52
PNB	11,565	21,904	0.53	-76	311	-0.24
PNBHOUSING	4,056	4,999	0.81	46	-154	-0.30
POLICYBZR	4,675	5,668	0.82	9	-103	-0.09
POLYCAB	4,135	5,882	0.70	144	-106	-1.36
POWERGRID	10,620	15,726	0.68	190	409	0.46
POWERINDIA	4,392	12,069	0.36	-151	464	-0.33
PPLPHARMA	2,526	6,064	0.42	-4	32	-0.13
PRESTIGE	2,945	3,626	0.81	114	-57	-2.00
RBLBANK	4,494	6,862	0.65	282	75	3.76
RECLTD	21,145	31,216	0.68	-42	339	-0.12
RELIANCE	51,384	96,247	0.53	880	2,591	0.34
RVNL	6,563	12,316	0.53	-17	-79	0.22
SAIL	5,750	9,929	0.58	80	14	5.71
SAMMAANCAP	5,937	9,000	0.66	-2	-11	0.18
SBICARD	4,577	7,000	0.65	-27	-280	0.10
SBILIFE	5,059	9,829	0.51	226	1,097	0.21
SBIN	39,654	65,119	0.61	-1,076	-1,169	0.92
SHREECEM	1,522	2,835	0.54	257	-115	-2.23
SHRIRAMFIN	12,122	17,808	0.68	-142	-206	0.69
SIEMENS	5,803	12,692	0.46	350	602	0.58
SOLARINDS	3,529	8,034	0.44	-23	171	-0.13
SONACOMS	2,659	5,506	0.48	299	-190	-1.57
SRF	6,686	10,085	0.66	736	-134	-5.49
SUNPHARMA	6,466	15,382	0.42	-324	-1,019	0.32
SUPREMEIND	3,772	7,000	0.54	477	707	0.67
SUZLON	9,821	23,074	0.43	161	68	2.37
SYNGENE	1,628	2,521	0.65	-12	-31	0.39
TATACONSUM	4,554	8,569	0.53	-32	-107	0.30
TATAELXSI	5,180	14,946	0.35	-61	-356	0.17
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,724	25,798	0.76	-179	-18	9.94
TATASTEEL	15,832	31,899	0.50	384	-1,686	-0.23
TATATECH	4,695	7,470	0.63	30	-223	-0.13
TCS	37,830	49,173	0.77	1,533	2,272	0.67
TECHM	7,228	9,252	0.78	-204	-197	1.04
TIINDIA	4,625	7,359	0.63	78	-180	-0.43
TITAGARH	2,519	5,485	0.46	-9	-126	0.07
TITAN	12,227	20,633	0.59	692	512	1.35
TMPV	39,710	86,223	0.46	314	-2,381	-0.13
TORNTPHARM	1,183	2,357	0.50	-24	142	-0.17
TORNTPOWER	2,090	2,827	0.74	214	-142	-1.51
TRENT	26,758	48,839	0.55	1,455	3,739	0.39
TVSMOTOR	9,337	9,801	0.95	-43	-146	0.29
ULTRACEMCO	10,624	18,670	0.57	260	-152	-1.71
UNIONBANK	5,690	9,267	0.61	71	-20	-3.55
UNITDSPR	6,386	8,442	0.76	46	60	0.77
UNOMINDA	2,731	4,963	0.55	-104	-40	2.60
UPL	4,084	5,539	0.74	114	-143	-0.80
VBL	8,974	22,299	0.40	-33	188	-0.18
VEDL	22,165	32,813	0.68	1,164	-428	-2.72
VOLTAS	6,808	7,773	0.88	-124	-179	0.69
WIPRO	11,087	13,773	0.80	137	-325	-0.42
YESBANK	6,270	12,228	0.51	69	-10	-6.90
ZYDUSLIFE	3,292	4,362	0.75	12	118	0.10

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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