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.

HINDUNILVR

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.

Hindustan Unilever Ltd.

2260.7 +0.10 (0.00%)

L: 2252 H: 2267

Put-Call Ratio - HINDUNILVR

15 Dec 2025 09:17 AM IST

Live

Expiry

Put OI

9,972

Call OI

20,827

PCR

0.48

Put OI Chg

311

Call OI Chg

141

COI PCR

2.21

COI Strength

0.38

Interval

On 9:18 HINDUNILVR was trading at 2259.8 with pcr value 0.48

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	1,570	3,038	0.52	0	0	0.00
ABB	1,578	4,688	0.34	0	0	0.00
ABCAPITAL	2,673	5,484	0.49	-12	21	-0.57
ADANIENSOL	3,550	5,149	0.69	0	0	0.00
ADANIENT	22,605	38,892	0.58	0	0	0.00
ADANIGREEN	11,339	19,281	0.59	0	0	0.00
ADANIPORTS	9,498	17,258	0.55	0	0	0.00
ALKEM	0	306	0.00	0	0	0.00
AMBER	6,892	11,351	0.61	0	0	0.00
AMBUJACEM	7,346	8,757	0.84	0	0	0.00
ANGELONE	7,762	16,943	0.46	0	0	0.00
APLAPOLLO	2,381	2,731	0.87	0	0	0.00
APOLLOHOSP	7,541	15,045	0.50	0	0	0.00
ASHOKLEY	5,213	8,265	0.63	12	-29	-0.41
ASIANPAINT	7,124	25,196	0.28	0	0	0.00
ASTRAL	2,128	5,499	0.39	0	0	0.00
AUBANK	6,528	8,240	0.79	0	0	0.00
AUROPHARMA	2,720	5,040	0.54	0	0	0.00
AXISBANK	9,189	23,812	0.39	-10	32	-0.31
BAJAJ-AUTO	5,000	23,639	0.21	0	0	0.00
BAJAJFINSV	5,013	11,181	0.45	-4	-15	0.27
BAJFINANCE	12,010	29,786	0.40	-25	36	-0.69
BANDHANBNK	1,279	1,654	0.77	0	0	0.00
BANKBARODA	7,913	10,992	0.72	-8	14	-0.57
BANKINDIA	3,346	4,600	0.73	0	0	0.00
BDL	7,517	17,214	0.44	0	0	0.00
BEL	19,288	52,461	0.37	8	448	0.02
BHARATFORG	2,114	3,787	0.56	8	49	0.16
BHARTIARTL	14,618	33,136	0.44	-23	110	-0.21
BHEL	6,691	15,085	0.44	-10	27	-0.37
BIOCON	2,851	7,185	0.40	0	0	0.00
BLUESTARCO	1,215	1,231	0.99	0	0	0.00
BOSCHLTD	0	788	0.00	0	0	0.00
BPCL	3,572	5,947	0.60	2	48	0.04
BRITANNIA	335	3,192	0.10	0	0	0.00
BSE	17,082	28,387	0.60	0	0	0.00
CAMS	554	3,586	0.15	0	-4	0.00
CANBK	11,960	15,130	0.79	0	0	0.00
CDSL	5,150	17,682	0.29	6	50	0.12
CGPOWER	4,744	8,864	0.54	0	0	0.00
CHOLAFIN	3,566	5,108	0.70	0	0	0.00
CIPLA	10,183	14,561	0.70	0	0	0.00
COALINDIA	4,508	6,485	0.70	-9	33	-0.27
COFORGE	8,742	22,155	0.39	0	0	0.00
COLPAL	711	2,853	0.25	3	0	0.00
CONCOR	1,106	3,982	0.28	0	0	0.00
CROMPTON	224	2,981	0.08	0	0	0.00
CUMMINSIND	3,493	3,075	1.14	0	0	0.00
CYIENT	328	1,760	0.19	0	-2	0.00
DABUR	1,646	4,112	0.40	5	-1	-5.00
DALBHARAT	1,715	2,948	0.58	0	0	0.00
DELHIVERY	3,837	5,555	0.69	0	0	0.00
DIVISLAB	5,811	7,969	0.73	0	0	0.00
DIXON	27,890	61,096	0.46	103	280	0.37
DLF	10,014	17,272	0.58	0	0	0.00
DMART	7,238	12,706	0.57	0	0	0.00
DRREDDY	5,437	10,888	0.50	0	0	0.00
EICHERMOT	4,893	11,640	0.42	-33	42	-0.79
ETERNAL	18,222	28,490	0.64	0	0	0.00
EXIDEIND	121	2,019	0.06	0	1	0.00
FEDERALBNK	7,905	8,080	0.98	0	0	0.00
FORTIS	3,620	9,331	0.39	0	0	0.00
GAIL	642	11,981	0.05	0	0	0.00
GLENMARK	2,977	6,574	0.45	0	-5	0.00
GMRAIRPORT	10,492	17,046	0.62	0	0	0.00
GODREJCP	1,321	2,093	0.63	2	5	0.40
GODREJPROP	3,637	6,270	0.58	-2	7	-0.29
GRASIM	1,365	6,161	0.22	-5	-6	0.83
HAL	17,619	47,608	0.37	53	-100	-0.53
HAVELLS	726	2,307	0.31	-4	-1	4.00
HCLTECH	5,908	15,158	0.39	13	57	0.23
HDFCAMC	425	1,858	0.23	-1	2	-0.50
HDFCBANK	34,236	47,348	0.72	136	45	3.02
HDFCLIFE	3,009	14,203	0.21	-7	40	-0.17
HEROMOTOCO	8,897	13,125	0.68	0	0	0.00
HFCL	4,168	11,381	0.37	0	0	0.00
HINDALCO	17,970	20,852	0.86	0	0	0.00
HINDPETRO	1,755	2,007	0.87	0	0	0.00
HINDUNILVR	9,972	20,827	0.48	311	141	2.21
HINDZINC	24,114	30,851	0.78	0	1,166	0.00
HUDCO	6,199	13,306	0.47	0	0	0.00
ICICIBANK	22,285	39,480	0.56	0	0	0.00
ICICIGI	1,070	1,011	1.06	0	-8	0.00
ICICIPRULI	2,427	4,544	0.53	0	0	0.00
IDEA	13,165	24,479	0.54	5	-75	-0.07
IDFCFIRSTB	3,658	8,946	0.41	0	0	0.00
IEX	1,342	5,540	0.24	0	3	0.00
IIFL	2,480	3,712	0.67	0	0	0.00
INDHOTEL	1,702	4,691	0.36	12	-11	-0.96
INDIANB	4,626	10,916	0.42	0	0	0.00
INDIGO	37,892	1,03,372	0.37	0	0	0.00
INDUSINDBK	6,571	12,657	0.52	0	0	0.00
INDUSTOWER	6,905	12,178	0.57	54	22	2.45
INFY	37,956	60,735	0.62	0	0	0.00
INOXWIND	7,005	13,830	0.51	0	0	0.00
IOC	2,210	8,402	0.26	0	-1	0.00
IRCTC	1,695	6,568	0.26	0	0	0.00
IREDA	4,948	10,261	0.48	0	0	0.00
IRFC	4,498	8,972	0.50	0	0	0.00
ITC	19,614	25,279	0.78	17	45	0.38
JINDALSTEL	2,320	4,882	0.48	0	20	0.00
JIOFIN	18,427	24,274	0.76	0	0	0.00
JSWENERGY	8,335	14,732	0.57	364	50	7.28
JSWSTEEL	14,272	26,547	0.54	0	0	0.00
JUBLFOOD	6,076	5,578	1.09	0	0	0.00
KALYANKJIL	4,657	8,624	0.54	0	0	0.00
KAYNES	29,754	73,866	0.40	0	0	0.00
KEI	1,667	2,987	0.56	0	0	0.00
KFINTECH	4,064	6,269	0.65	0	0	0.00
KOTAKBANK	9,972	16,099	0.62	0	0	0.00
KPITTECH	3,249	4,871	0.67	0	0	0.00
LAURUSLABS	3,772	6,083	0.62	-15	22	-0.68
LICHSGFIN	761	3,490	0.22	0	13	0.00
LICI	2,575	9,538	0.27	0	-108	0.00
LODHA	1,382	9,081	0.15	5	-9	-0.56
LT	10,512	22,945	0.46	0	0	0.00
LTF	2,627	4,850	0.54	6	2	3.00
LTIM	3,248	4,658	0.70	0	0	0.00
LUPIN	2,894	4,606	0.63	-6	12	-0.50
M&M	9,620	23,096	0.42	0	0	0.00
MANAPPURAM	3,772	5,345	0.71	0	0	0.00
MANKIND	2,210	4,363	0.51	0	0	0.00
MARICO	1,152	3,225	0.36	0	0	0.00
MARUTI	32,791	30,178	1.09	195	-41	-4.76
MAXHEALTH	5,109	10,291	0.50	0	0	0.00
MAZDOCK	9,869	20,605	0.48	0	0	0.00
MCX	13,896	17,178	0.81	0	0	0.00
MFSL	480	2,449	0.20	-2	9	-0.22
MOTHERSON	3,530	6,192	0.57	-22	16	-1.38
MPHASIS	1,037	2,732	0.38	-2	9	-0.22
MUTHOOTFIN	2,966	7,330	0.40	0	0	0.00
NATIONALUM	5,813	6,667	0.87	0	0	0.00
NAUKRI	3,052	4,414	0.69	1	11	0.09
NBCC	3,198	6,868	0.47	0	0	0.00
NCC	3,638	8,165	0.45	0	0	0.00
NESTLEIND	4,201	14,269	0.29	0	0	0.00
NHPC	3,187	6,571	0.49	0	0	0.00
NMDC	3,258	10,140	0.32	-7	-11	0.59
NTPC	14,108	22,401	0.63	-342	-16	21.43
NUVAMA	2,113	4,047	0.52	0	0	0.00
NYKAA	281	3,942	0.07	1	7	0.14
OBEROIRLTY	3,030	4,939	0.61	0	0	0.00
OFSS	4,655	7,247	0.64	23	22	1.05
OIL	2,463	4,231	0.58	0	0	0.00
ONGC	3,964	18,668	0.21	-6	13	-0.46
PAGEIND	1,345	4,489	0.30	3	-2	-1.50
PATANJALI	3,778	8,212	0.46	0	0	0.00
PAYTM	7,995	11,361	0.70	0	0	0.00
PERSISTENT	5,338	8,459	0.63	0	0	0.00
PETRONET	0	2,110	0.00	0	0	0.00
PFC	5,503	27,594	0.20	20	54	0.37
PGEL	8,077	11,707	0.69	0	0	0.00
PHOENIXLTD	1,386	2,626	0.53	0	0	0.00
PIDILITIND	259	1,149	0.23	0	0	0.00
PIIND	2,418	2,724	0.89	0	0	0.00
PNB	5,027	12,376	0.41	-25	-6	4.12
PNBHOUSING	6,021	11,004	0.55	0	0	0.00
POLICYBZR	5,171	6,478	0.80	0	0	0.00
POLYCAB	2,697	3,151	0.86	0	0	0.00
POWERGRID	4,671	4,714	0.99	3	72	0.04
POWERINDIA	4,689	10,639	0.44	0	0	0.00
PPLPHARMA	2,838	6,279	0.45	0	0	0.00
PRESTIGE	2,609	3,871	0.67	0	0	0.00
RBLBANK	857	4,597	0.19	0	0	0.00
RECLTD	8,259	24,203	0.34	12	35	0.34
RELIANCE	48,038	89,821	0.53	-98	-16	6.13
RVNL	6,365	11,943	0.53	0	0	0.00
SAIL	618	5,294	0.12	0	0	0.00
SAMMAANCAP	5,920	8,918	0.66	0	0	0.00
SBICARD	288	2,194	0.13	0	0	0.00
SBILIFE	1,615	7,454	0.22	0	0	0.00
SBIN	17,537	51,713	0.34	0	0	0.00
SHREECEM	0	900	0.00	0	0	0.00
SHRIRAMFIN	8,726	14,002	0.62	8	12	0.67
SIEMENS	9,359	18,101	0.52	6	-17	-0.35
SOLARINDS	3,788	9,221	0.41	0	0	0.00
SONACOMS	279	3,045	0.09	3	-6	-0.50
SRF	5,556	6,173	0.90	9	27	0.33
SUNPHARMA	4,224	18,321	0.23	-364	-1,160	0.31
SUPREMEIND	371	5,438	0.07	0	6	0.00
SUZLON	9,883	22,462	0.44	0	0	0.00
SYNGENE	118	467	0.25	0	0	0.00
TATACONSUM	999	5,261	0.19	0	0	0.00
TATAELXSI	1,811	12,992	0.14	3	12	0.25
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	10,529	18,616	0.57	0	0	0.00
TATASTEEL	13,729	22,759	0.60	-11	-62	0.18
TATATECH	4,531	7,262	0.62	0	0	0.00
TCS	35,688	42,875	0.83	0	0	0.00
TECHM	3,600	5,949	0.61	6	26	0.23
TIINDIA	4,594	7,383	0.62	0	0	0.00
TITAGARH	2,652	5,291	0.50	0	0	0.00
TITAN	6,380	14,688	0.43	0	0	0.00
TMPV	39,442	84,335	0.47	14	18	0.78
TORNTPHARM	0	59	0.00	0	0	0.00
TORNTPOWER	2,063	2,739	0.75	0	0	0.00
TRENT	26,191	48,557	0.54	99	-103	-0.96
TVSMOTOR	9,461	9,480	1.00	0	-1	0.00
ULTRACEMCO	2,956	6,473	0.46	0	0	0.00
UNIONBANK	5,603	8,464	0.66	0	0	0.00
UNITDSPR	258	3,627	0.07	0	-5	0.00
UNOMINDA	2,673	4,908	0.54	0	0	0.00
UPL	1,883	4,519	0.42	0	12	0.00
VBL	7,132	18,799	0.38	5	119	0.04
VEDL	22,928	29,371	0.78	43	-32	-1.34
VOLTAS	449	3,670	0.12	0	0	0.00
WIPRO	4,481	6,449	0.69	0	0	0.00
YESBANK	6,283	12,726	0.49	0	0	0.00
ZYDUSLIFE	0	1,293	0.00	0	0	0.00

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 HINDUNILVR

HINDUNILVR

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