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.

HAVELLS

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.

Havells India Limited

1403.7 +13.80 (0.99%)

L: 1385.2 H: 1405.5

Put-Call Ratio - HAVELLS

11 Dec 2025 03:26 PM IST

Live

Expiry

Put OI

3,845

Call OI

4,978

PCR

0.77

Put OI Chg

-39

Call OI Chg

-26

COI PCR

1.50

COI Strength

-0.20

Interval

On 9:30 HAVELLS was trading at 1389.7 with pcr value 0.77

On 9:45 HAVELLS was trading at 1390.8 with pcr value 0.77

On 10:00 HAVELLS was trading at 1394 with pcr value 0.77

On 10:15 HAVELLS was trading at 1393.3 with pcr value 0.77

On 10:30 HAVELLS was trading at 1390.7 with pcr value 0.76

On 10:45 HAVELLS was trading at 1394.7 with pcr value 0.75

On 11:00 HAVELLS was trading at 1395.1 with pcr value 0.75

On 11:15 HAVELLS was trading at 1390.5 with pcr value 0.75

On 11:30 HAVELLS was trading at 1393.5 with pcr value 0.75

On 11:45 HAVELLS was trading at 1393.4 with pcr value 0.75

On 12:00 HAVELLS was trading at 1392 with pcr value 0.75

On 12:15 HAVELLS was trading at 1398.8 with pcr value 0.75

On 12:30 HAVELLS was trading at 1397.1 with pcr value 0.74

On 12:45 HAVELLS was trading at 1398.4 with pcr value 0.74

On 13:00 HAVELLS was trading at 1397.4 with pcr value 0.75

On 13:15 HAVELLS was trading at 1394.1 with pcr value 0.75

On 13:30 HAVELLS was trading at 1396 with pcr value 0.75

On 13:45 HAVELLS was trading at 1400 with pcr value 0.75

On 14:00 HAVELLS was trading at 1400.4 with pcr value 0.75

On 14:15 HAVELLS was trading at 1394.1 with pcr value 0.76

On 14:30 HAVELLS was trading at 1395.6 with pcr value 0.76

On 14:45 HAVELLS was trading at 1397.1 with pcr value 0.76

On 15:00 HAVELLS was trading at 1399.5 with pcr value 0.76

On 15:15 HAVELLS was trading at 1400.1 with pcr value 0.77

On 15:27 HAVELLS was trading at 1402.7 with pcr value 0.77

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	1,641	3,056	0.54	-48	-37	1.30
ABB	5,120	6,542	0.78	162	276	0.59
ABCAPITAL	4,940	7,635	0.65	319	242	1.32
ADANIENSOL	3,355	5,411	0.62	0	-176	0.00
ADANIENT	27,761	42,511	0.65	1,150	-2,771	-0.42
ADANIGREEN	11,182	20,908	0.53	842	-773	-1.09
ADANIPORTS	9,731	18,406	0.53	19	-824	-0.02
ALKEM	1,138	1,783	0.64	64	31	2.06
AMBER	6,938	11,478	0.60	40	-381	-0.10
AMBUJACEM	9,120	12,221	0.75	-227	304	-0.75
ANGELONE	8,206	17,612	0.47	-213	-1,659	0.13
APLAPOLLO	2,400	2,700	0.89	400	-88	-4.55
APOLLOHOSP	7,446	15,469	0.48	639	964	0.66
ASHOKLEY	9,822	12,468	0.79	179	-192	-0.93
ASIANPAINT	17,199	30,091	0.57	273	1,748	0.16
ASTRAL	4,232	7,788	0.54	161	222	0.73
AUBANK	6,806	7,962	0.85	-296	191	-1.55
AUROPHARMA	4,454	10,287	0.43	61	-103	-0.59
AXISBANK	14,040	29,594	0.47	-149	-66	2.26
BAJAJ-AUTO	14,435	25,042	0.58	-338	-1,018	0.33
BAJAJFINSV	13,425	19,286	0.70	-68	-305	0.22
BAJFINANCE	22,506	37,046	0.61	850	2,082	0.41
BANDHANBNK	8,359	12,331	0.68	-102	-131	0.78
BANKBARODA	12,398	14,793	0.84	-156	296	-0.53
BANKINDIA	3,300	4,595	0.72	160	-74	-2.16
BDL	7,436	16,979	0.44	-421	-434	0.97
BEL	26,117	57,142	0.46	49	49	1.00
BHARATFORG	4,054	6,264	0.65	162	-121	-1.34
BHARTIARTL	18,542	40,232	0.46	641	1,935	0.33
BHEL	9,366	18,672	0.50	-71	-330	0.22
BIOCON	6,605	13,287	0.50	119	-86	-1.38
BLUESTARCO	888	1,286	0.69	95	-102	-0.93
BOSCHLTD	1,495	2,565	0.58	14	-298	-0.05
BPCL	5,081	7,650	0.66	313	445	0.70
BRITANNIA	4,587	7,426	0.62	-57	-27	2.11
BSE	17,514	29,596	0.59	353	-2,756	-0.13
CAMS	4,396	7,751	0.57	-36	-319	0.11
CANBK	12,031	15,488	0.78	70	-510	-0.14
CDSL	9,979	20,202	0.49	-107	-1,682	0.06
CGPOWER	4,761	8,820	0.54	-107	6	-17.83
CHOLAFIN	3,403	5,379	0.63	27	12	2.25
CIPLA	10,669	15,033	0.71	-134	-517	0.26
COALINDIA	12,500	11,408	1.10	16	-732	-0.02
COFORGE	8,611	21,964	0.39	-180	954	-0.19
COLPAL	6,616	8,832	0.75	-115	-4	28.75
CONCOR	7,083	9,357	0.76	-135	-14	9.64
CROMPTON	6,465	11,128	0.58	131	62	2.11
CUMMINSIND	3,545	4,293	0.83	129	-105	-1.23
CYIENT	1,884	2,800	0.67	11	32	0.34
DABUR	4,706	8,895	0.53	36	352	0.10
DALBHARAT	1,796	2,710	0.66	38	-234	-0.16
DELHIVERY	3,972	5,718	0.69	43	-25	-1.72
DIVISLAB	6,662	8,749	0.76	344	-447	-0.77
DIXON	34,983	70,833	0.49	5,431	577	9.41
DLF	16,304	23,912	0.68	-36	-823	0.04
DMART	7,546	13,009	0.58	610	389	1.57
DRREDDY	5,522	10,851	0.51	642	160	4.01
EICHERMOT	11,313	13,881	0.81	725	908	0.80
ETERNAL	18,031	30,831	0.58	293	-1,435	-0.20
EXIDEIND	3,904	5,091	0.77	-29	-34	0.85
FEDERALBNK	7,719	8,265	0.93	586	-29	-20.21
FORTIS	3,493	9,201	0.38	57	129	0.44
GAIL	12,911	19,804	0.65	-80	143	-0.56
GLENMARK	8,367	11,584	0.72	-347	192	-1.81
GMRAIRPORT	9,965	19,014	0.52	165	812	0.20
GODREJCP	2,908	4,271	0.68	20	91	0.22
GODREJPROP	6,947	12,028	0.58	-148	-127	1.17
GRASIM	8,818	9,371	0.94	329	-310	-1.06
HAL	27,472	52,966	0.52	-671	-1,012	0.66
HAVELLS	3,845	4,978	0.77	-39	-26	1.50
HCLTECH	11,624	19,114	0.61	-201	474	-0.42
HDFCAMC	4,042	5,182	0.78	-254	-302	0.84
HDFCBANK	41,309	60,122	0.69	-900	-7,762	0.12
HDFCLIFE	7,251	15,262	0.48	463	826	0.56
HEROMOTOCO	11,860	16,167	0.73	43	-1,101	-0.04
HFCL	4,419	10,127	0.44	-21	-427	0.05
HINDALCO	15,191	19,943	0.76	54	-263	-0.21
HINDPETRO	4,164	6,452	0.65	114	138	0.83
HINDUNILVR	7,122	15,921	0.45	70	-39	-1.79
HINDZINC	11,911	18,217	0.65	1,291	1,018	1.27
HUDCO	6,265	13,003	0.48	-178	-307	0.58
ICICIBANK	30,808	48,411	0.64	430	2,291	0.19
ICICIGI	3,238	5,119	0.63	93	99	0.94
ICICIPRULI	2,308	4,520	0.51	-263	201	-1.31
IDEA	15,495	26,678	0.58	620	-886	-0.70
IDFCFIRSTB	8,848	14,357	0.62	184	738	0.25
IEX	8,534	11,903	0.72	52	-128	-0.41
IIFL	2,494	3,884	0.64	-6	132	-0.05
INDHOTEL	5,729	8,497	0.67	169	-113	-1.48
INDIANB	4,696	10,821	0.43	-48	55	-0.87
INDIGO	56,490	1,18,103	0.48	2,008	6,256	0.32
INDUSINDBK	12,669	18,278	0.69	198	-129	-1.53
INDUSTOWER	8,333	13,446	0.62	-48	163	-0.29
INFY	37,323	58,726	0.64	-720	-404	1.78
INOXWIND	7,047	14,347	0.49	38	-604	-0.06
IOC	6,091	11,448	0.53	70	763	0.09
IRCTC	7,153	11,158	0.64	56	-169	-0.33
IREDA	5,055	10,635	0.48	-108	-201	0.54
IRFC	4,455	8,845	0.50	44	-16	-2.75
ITC	24,574	32,569	0.75	132	133	0.99
JINDALSTEL	5,437	7,958	0.68	11	11	1.00
JIOFIN	18,726	24,951	0.75	-147	-2,129	0.07
JSWENERGY	10,157	18,471	0.55	-378	-539	0.70
JSWSTEEL	14,414	27,657	0.52	-57	-490	0.12
JUBLFOOD	3,947	5,852	0.67	-59	-231	0.26
KALYANKJIL	4,719	8,838	0.53	410	-87	-4.71
KAYNES	30,216	80,168	0.38	879	1,784	0.49
KEI	1,618	3,068	0.53	17	-182	-0.09
KFINTECH	4,374	5,881	0.74	254	-282	-0.90
KOTAKBANK	19,863	21,778	0.91	5,016	3,112	1.61
KPITTECH	3,185	4,896	0.65	197	-644	-0.31
LAURUSLABS	5,056	8,986	0.56	196	-34	-5.76
LICHSGFIN	7,453	9,183	0.81	-60	50	-1.20
LICI	6,338	10,551	0.60	113	291	0.39
LODHA	4,620	10,293	0.45	-19	59	-0.32
LT	17,731	31,030	0.57	6	408	0.01
LTF	5,121	7,885	0.65	-41	-43	0.95
LTIM	4,658	6,043	0.77	-214	23	-9.30
LUPIN	4,906	6,395	0.77	181	-381	-0.48
M&M	16,332	27,510	0.59	-81	42	-1.93
MANAPPURAM	3,441	5,536	0.62	14	-93	-0.15
MANKIND	2,195	4,322	0.51	-17	223	-0.08
MARICO	2,657	3,869	0.69	-144	-303	0.48
MARUTI	24,665	30,299	0.81	4,385	540	8.12
MAXHEALTH	5,457	10,068	0.54	9	-13	-0.69
MAZDOCK	9,774	19,456	0.50	-176	-342	0.51
MCX	15,034	23,322	0.64	56	724	0.08
MFSL	2,461	4,243	0.58	11	-122	-0.09
MOTHERSON	6,508	9,806	0.66	572	399	1.43
MPHASIS	3,664	4,672	0.78	53	25	2.12
MUTHOOTFIN	4,866	9,936	0.49	236	239	0.99
NATIONALUM	6,012	8,136	0.74	34	165	0.21
NAUKRI	5,701	8,480	0.67	139	452	0.31
NBCC	3,195	6,677	0.48	57	153	0.37
NCC	3,576	7,116	0.50	102	9	11.33
NESTLEIND	4,444	15,251	0.29	-66	-109	0.61
NHPC	3,171	6,731	0.47	2	-647	-0.00
NMDC	9,887	12,691	0.78	-224	-572	0.39
NTPC	14,251	22,708	0.63	93	-321	-0.29
NUVAMA	2,223	4,215	0.53	63	18	3.50
NYKAA	2,700	6,546	0.41	30	152	0.20
OBEROIRLTY	3,921	5,650	0.69	-56	-378	0.15
OFSS	10,071	8,372	1.20	4,292	-369	-11.63
OIL	2,499	4,136	0.60	-8	-141	0.06
ONGC	8,391	19,964	0.42	-15	740	-0.02
PAGEIND	3,352	6,740	0.50	-111	-194	0.57
PATANJALI	3,672	7,994	0.46	219	219	1.00
PAYTM	7,813	12,094	0.65	-307	-527	0.58
PERSISTENT	6,105	9,376	0.65	564	-255	-2.21
PETRONET	8,485	8,001	1.06	-11	-63	0.17
PFC	20,171	32,176	0.63	262	958	0.27
PGEL	8,344	12,818	0.65	-94	-40	2.35
PHOENIXLTD	1,439	2,772	0.52	0	-35	0.00
PIDILITIND	1,946	2,568	0.76	-4	-20	0.20
PIIND	2,540	3,730	0.68	-80	-133	0.60
PNB	11,512	21,888	0.53	-129	295	-0.44
PNBHOUSING	4,039	5,146	0.78	29	-7	-4.14
POLICYBZR	4,721	5,678	0.83	55	-93	-0.59
POLYCAB	4,242	5,796	0.73	251	-192	-1.31
POWERGRID	10,627	15,785	0.67	197	468	0.42
POWERINDIA	4,421	11,826	0.37	-122	221	-0.55
PPLPHARMA	2,525	6,124	0.41	-5	92	-0.05
PRESTIGE	2,906	3,537	0.82	75	-146	-0.51
RBLBANK	4,522	6,970	0.65	310	183	1.69
RECLTD	21,050	31,098	0.68	-137	221	-0.62
RELIANCE	50,931	95,968	0.53	427	2,312	0.18
RVNL	6,495	12,112	0.54	-85	-283	0.30
SAIL	5,751	9,889	0.58	81	-26	-3.12
SAMMAANCAP	5,934	8,982	0.66	-5	-29	0.17
SBICARD	4,595	6,986	0.66	-9	-294	0.03
SBILIFE	5,419	11,063	0.49	586	2,331	0.25
SBIN	39,409	65,016	0.61	-1,321	-1,272	1.04
SHREECEM	1,497	2,807	0.53	232	-143	-1.62
SHRIRAMFIN	12,139	17,618	0.69	-125	-396	0.32
SIEMENS	6,054	12,455	0.49	601	365	1.65
SOLARINDS	3,509	8,088	0.43	-43	225	-0.19
SONACOMS	2,603	5,490	0.47	243	-206	-1.18
SRF	6,639	10,057	0.66	689	-162	-4.25
SUNPHARMA	6,635	15,169	0.44	-155	-1,232	0.13
SUPREMEIND	3,680	6,941	0.53	385	648	0.59
SUZLON	9,815	22,932	0.43	155	-74	-2.09
SYNGENE	1,625	2,606	0.62	-15	54	-0.28
TATACONSUM	4,562	8,878	0.51	-24	202	-0.12
TATAELXSI	5,337	14,465	0.37	96	-837	-0.11
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,695	25,744	0.77	-208	-72	2.89
TATASTEEL	15,737	31,130	0.51	289	-2,455	-0.12
TATATECH	4,675	7,297	0.64	10	-396	-0.03
TCS	37,669	48,749	0.77	1,372	1,848	0.74
TECHM	7,175	9,279	0.77	-257	-170	1.51
TIINDIA	4,649	7,304	0.64	102	-235	-0.43
TITAGARH	2,518	5,455	0.46	-10	-156	0.06
TITAN	11,931	20,607	0.58	396	486	0.81
TMPV	39,671	85,449	0.46	275	-3,155	-0.09
TORNTPHARM	1,199	2,328	0.52	-8	113	-0.07
TORNTPOWER	2,104	2,832	0.74	228	-137	-1.66
TRENT	26,886	48,142	0.56	1,583	3,042	0.52
TVSMOTOR	9,356	9,609	0.97	-24	-338	0.07
ULTRACEMCO	10,598	18,607	0.57	234	-215	-1.09
UNIONBANK	5,659	9,242	0.61	40	-45	-0.89
UNITDSPR	6,369	8,442	0.75	29	60	0.48
UNOMINDA	2,725	4,985	0.55	-110	-18	6.11
UPL	4,076	5,527	0.74	106	-155	-0.68
VBL	8,936	21,604	0.41	-71	-507	0.14
VEDL	22,206	32,771	0.68	1,205	-470	-2.56
VOLTAS	6,765	7,839	0.86	-167	-113	1.48
WIPRO	11,081	13,775	0.80	131	-323	-0.41
YESBANK	6,262	12,194	0.51	61	-44	-1.39
ZYDUSLIFE	3,293	4,386	0.75	13	142	0.09

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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