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.

IDFCFIRSTB

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.

Idfc First Bank Limited

80.5 +0.18 (0.22%)

L: 80.25 H: 81.66

Put-Call Ratio - IDFCFIRSTB

11 Dec 2025 02:02 PM IST

Live

Expiry

Put OI

8,733

Call OI

13,987

PCR

0.62

Put OI Chg

69

Call OI Chg

368

COI PCR

0.19

COI Strength

-0.68

Interval

On 9:30 IDFCFIRSTB was trading at 80.88 with pcr value 0.64

On 9:45 IDFCFIRSTB was trading at 80.6 with pcr value 0.64

On 10:00 IDFCFIRSTB was trading at 80.47 with pcr value 0.64

On 10:15 IDFCFIRSTB was trading at 80.72 with pcr value 0.64

On 10:30 IDFCFIRSTB was trading at 81.21 with pcr value 0.64

On 10:45 IDFCFIRSTB was trading at 81.36 with pcr value 0.64

On 11:00 IDFCFIRSTB was trading at 81.15 with pcr value 0.65

On 11:15 IDFCFIRSTB was trading at 81.08 with pcr value 0.65

On 11:30 IDFCFIRSTB was trading at 81.15 with pcr value 0.64

On 11:45 IDFCFIRSTB was trading at 81.08 with pcr value 0.64

On 12:00 IDFCFIRSTB was trading at 80.99 with pcr value 0.64

On 12:15 IDFCFIRSTB was trading at 81.2 with pcr value 0.64

On 12:30 IDFCFIRSTB was trading at 81.1 with pcr value 0.64

On 12:45 IDFCFIRSTB was trading at 81.03 with pcr value 0.64

On 13:00 IDFCFIRSTB was trading at 81.1 with pcr value 0.64

On 13:15 IDFCFIRSTB was trading at 80.72 with pcr value 0.63

On 13:30 IDFCFIRSTB was trading at 80.5 with pcr value 0.63

On 13:45 IDFCFIRSTB was trading at 80.67 with pcr value 0.62

On 14:00 IDFCFIRSTB was trading at 80.65 with pcr value 0.62

On 14:03 IDFCFIRSTB was trading at 80.62 with pcr value 0.62

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	1,650	3,067	0.54	-39	-26	1.50
ABB	5,056	6,686	0.76	98	420	0.23
ABCAPITAL	4,963	7,836	0.63	342	443	0.77
ADANIENSOL	3,379	5,418	0.62	24	-169	-0.14
ADANIENT	27,612	42,778	0.65	1,001	-2,504	-0.40
ADANIGREEN	11,391	20,757	0.55	1,051	-924	-1.14
ADANIPORTS	9,883	18,268	0.54	171	-962	-0.18
ALKEM	1,148	1,792	0.64	74	40	1.85
AMBER	6,988	11,455	0.61	90	-404	-0.22
AMBUJACEM	9,099	12,094	0.75	-248	177	-1.40
ANGELONE	8,147	17,560	0.46	-272	-1,711	0.16
APLAPOLLO	2,421	2,706	0.89	421	-82	-5.13
APOLLOHOSP	7,255	15,352	0.47	448	847	0.53
ASHOKLEY	9,909	12,490	0.79	266	-170	-1.56
ASIANPAINT	17,334	30,195	0.57	408	1,852	0.22
ASTRAL	4,271	7,901	0.54	200	335	0.60
AUBANK	6,487	7,829	0.83	-615	58	-10.60
AUROPHARMA	4,455	10,363	0.43	62	-27	-2.30
AXISBANK	14,126	29,631	0.48	-63	-29	2.17
BAJAJ-AUTO	14,802	24,956	0.59	29	-1,104	-0.03
BAJAJFINSV	13,370	19,447	0.69	-123	-144	0.85
BAJFINANCE	22,441	37,125	0.60	785	2,161	0.36
BANDHANBNK	8,419	12,387	0.68	-42	-75	0.56
BANKBARODA	12,470	14,942	0.83	-84	445	-0.19
BANKINDIA	3,211	4,598	0.70	71	-71	-1.00
BDL	7,575	16,979	0.45	-282	-434	0.65
BEL	26,185	56,762	0.46	117	-331	-0.35
BHARATFORG	4,031	6,325	0.64	139	-60	-2.32
BHARTIARTL	18,429	40,319	0.46	528	2,022	0.26
BHEL	9,534	18,599	0.51	97	-403	-0.24
BIOCON	6,619	13,400	0.49	133	27	4.93
BLUESTARCO	880	1,305	0.67	87	-83	-1.05
BOSCHLTD	1,503	2,539	0.59	22	-324	-0.07
BPCL	5,039	7,561	0.67	271	356	0.76
BRITANNIA	4,612	7,284	0.63	-32	-169	0.19
BSE	17,802	30,271	0.59	641	-2,081	-0.31
CAMS	4,412	7,947	0.56	-20	-123	0.16
CANBK	12,167	15,569	0.78	206	-429	-0.48
CDSL	9,976	20,434	0.49	-110	-1,450	0.08
CGPOWER	4,777	8,778	0.54	-91	-36	2.53
CHOLAFIN	3,436	5,307	0.65	60	-60	-1.00
CIPLA	10,799	15,322	0.70	-4	-228	0.02
COALINDIA	12,656	11,514	1.10	172	-626	-0.27
COFORGE	8,626	21,865	0.39	-165	855	-0.19
COLPAL	6,606	8,914	0.74	-125	78	-1.60
CONCOR	7,100	9,473	0.75	-118	102	-1.16
CROMPTON	6,441	11,190	0.58	107	124	0.86
CUMMINSIND	3,601	4,369	0.82	185	-29	-6.38
CYIENT	1,869	2,743	0.68	-4	-25	0.16
DABUR	4,709	8,883	0.53	39	340	0.11
DALBHARAT	1,787	2,750	0.65	29	-194	-0.15
DELHIVERY	3,937	5,771	0.68	8	28	0.29
DIVISLAB	6,772	8,950	0.76	454	-246	-1.85
DIXON	34,821	72,670	0.48	5,269	2,414	2.18
DLF	16,408	24,138	0.68	68	-597	-0.11
DMART	7,341	12,975	0.57	405	355	1.14
DRREDDY	5,475	10,255	0.53	595	-436	-1.36
EICHERMOT	11,295	14,258	0.79	707	1,285	0.55
ETERNAL	17,889	31,186	0.57	151	-1,080	-0.14
EXIDEIND	3,889	5,060	0.77	-44	-65	0.68
FEDERALBNK	7,819	8,251	0.95	686	-43	-15.95
FORTIS	3,493	9,153	0.38	57	81	0.70
GAIL	12,864	19,550	0.66	-127	-111	1.14
GLENMARK	8,338	11,592	0.72	-376	200	-1.88
GMRAIRPORT	9,971	18,733	0.53	171	531	0.32
GODREJCP	2,841	4,007	0.71	-47	-173	0.27
GODREJPROP	6,985	11,995	0.58	-110	-160	0.69
GRASIM	8,777	9,025	0.97	288	-656	-0.44
HAL	27,861	52,614	0.53	-282	-1,364	0.21
HAVELLS	3,858	5,101	0.76	-26	97	-0.27
HCLTECH	11,782	19,230	0.61	-43	590	-0.07
HDFCAMC	4,273	5,219	0.82	-23	-265	0.09
HDFCBANK	41,030	60,995	0.67	-1,179	-6,889	0.17
HDFCLIFE	6,976	15,104	0.46	188	668	0.28
HEROMOTOCO	11,939	16,631	0.72	122	-637	-0.19
HFCL	4,440	10,101	0.44	0	-453	0.00
HINDALCO	15,220	20,270	0.75	83	64	1.30
HINDPETRO	4,167	6,406	0.65	117	92	1.27
HINDUNILVR	7,118	15,918	0.45	66	-42	-1.57
HINDZINC	12,031	18,698	0.64	1,411	1,499	0.94
HUDCO	6,259	13,081	0.48	-184	-229	0.80
ICICIBANK	30,837	48,108	0.64	459	1,988	0.23
ICICIGI	3,218	5,001	0.64	73	-19	-3.84
ICICIPRULI	2,369	4,382	0.54	-202	63	-3.21
IDEA	15,208	27,458	0.55	333	-106	-3.14
IDFCFIRSTB	8,733	13,987	0.62	69	368	0.19
IEX	8,558	11,942	0.72	76	-89	-0.85
IIFL	2,492	3,821	0.65	-8	69	-0.12
INDHOTEL	5,697	8,552	0.67	137	-58	-2.32
INDIANB	4,673	10,788	0.43	-71	22	-3.23
INDIGO	57,828	1,18,216	0.49	3,346	6,369	0.53
INDUSINDBK	12,617	18,122	0.70	146	-285	-0.51
INDUSTOWER	8,291	12,916	0.64	-90	-367	0.25
INFY	37,101	58,740	0.63	-942	-390	2.42
INOXWIND	7,136	14,336	0.50	127	-615	-0.21
IOC	6,178	11,390	0.54	157	705	0.22
IRCTC	7,156	11,206	0.64	59	-121	-0.49
IREDA	5,062	10,636	0.48	-101	-200	0.51
IRFC	4,483	8,844	0.51	72	-17	-4.24
ITC	24,643	32,828	0.75	201	392	0.51
JINDALSTEL	5,446	7,980	0.68	20	33	0.61
JIOFIN	18,727	25,694	0.73	-146	-1,386	0.11
JSWENERGY	10,263	18,551	0.55	-272	-459	0.59
JSWSTEEL	14,466	27,904	0.52	-5	-243	0.02
JUBLFOOD	3,881	5,753	0.67	-125	-330	0.38
KALYANKJIL	4,599	8,826	0.52	290	-99	-2.93
KAYNES	30,830	81,877	0.38	1,493	3,493	0.43
KEI	1,632	3,090	0.53	31	-160	-0.19
KFINTECH	4,492	6,120	0.73	372	-43	-8.65
KOTAKBANK	21,640	21,968	0.99	6,793	3,302	2.06
KPITTECH	3,175	4,995	0.64	187	-545	-0.34
LAURUSLABS	5,087	8,760	0.58	227	-260	-0.87
LICHSGFIN	7,482	9,186	0.81	-31	53	-0.58
LICI	6,290	10,247	0.61	65	-13	-5.00
LODHA	4,621	10,289	0.45	-18	55	-0.33
LT	17,706	31,354	0.56	-19	732	-0.03
LTF	5,195	7,903	0.66	33	-25	-1.32
LTIM	4,677	6,100	0.77	-195	80	-2.44
LUPIN	4,967	6,453	0.77	242	-323	-0.75
M&M	16,379	27,774	0.59	-34	306	-0.11
MANAPPURAM	3,455	5,567	0.62	28	-62	-0.45
MANKIND	2,194	4,207	0.52	-18	108	-0.17
MARICO	2,684	3,940	0.68	-117	-232	0.50
MARUTI	24,383	29,605	0.82	4,103	-154	-26.64
MAXHEALTH	5,320	10,032	0.53	-128	-49	2.61
MAZDOCK	9,742	19,593	0.50	-208	-205	1.01
MCX	14,736	23,205	0.64	-242	607	-0.40
MFSL	2,474	4,199	0.59	24	-166	-0.14
MOTHERSON	6,452	9,938	0.65	516	531	0.97
MPHASIS	3,620	4,621	0.78	9	-26	-0.35
MUTHOOTFIN	4,807	9,891	0.49	177	194	0.91
NATIONALUM	6,029	8,197	0.74	51	226	0.23
NAUKRI	5,754	8,205	0.70	192	177	1.08
NBCC	3,203	6,690	0.48	65	166	0.39
NCC	3,577	7,123	0.50	103	16	6.44
NESTLEIND	4,483	15,221	0.29	-27	-139	0.19
NHPC	3,181	7,175	0.44	12	-203	-0.06
NMDC	9,971	12,708	0.78	-140	-555	0.25
NTPC	14,243	22,648	0.63	85	-381	-0.22
NUVAMA	2,286	4,275	0.53	126	78	1.62
NYKAA	2,717	6,604	0.41	47	210	0.22
OBEROIRLTY	3,962	5,664	0.70	-15	-364	0.04
OFSS	10,248	8,343	1.23	4,469	-398	-11.23
OIL	2,497	4,032	0.62	-10	-245	0.04
ONGC	8,365	19,101	0.44	-41	-123	0.33
PAGEIND	3,376	6,797	0.50	-87	-137	0.64
PATANJALI	3,637	7,900	0.46	184	125	1.47
PAYTM	7,933	12,324	0.64	-187	-297	0.63
PERSISTENT	6,290	9,931	0.63	749	300	2.50
PETRONET	8,500	8,040	1.06	4	-24	-0.17
PFC	20,183	32,356	0.62	274	1,138	0.24
PGEL	8,238	12,804	0.64	-200	-54	3.70
PHOENIXLTD	1,447	2,822	0.51	8	15	0.53
PIDILITIND	1,926	2,541	0.76	-24	-47	0.51
PIIND	2,567	3,758	0.68	-53	-105	0.50
PNB	11,566	21,902	0.53	-75	309	-0.24
PNBHOUSING	4,047	5,038	0.80	37	-115	-0.32
POLICYBZR	4,689	5,676	0.83	23	-95	-0.24
POLYCAB	4,136	5,877	0.70	145	-111	-1.31
POWERGRID	10,617	15,708	0.68	187	391	0.48
POWERINDIA	4,391	12,103	0.36	-152	498	-0.31
PPLPHARMA	2,526	6,075	0.42	-4	43	-0.09
PRESTIGE	2,983	3,638	0.82	152	-45	-3.38
RBLBANK	4,486	6,857	0.65	274	70	3.91
RECLTD	21,119	31,206	0.68	-68	329	-0.21
RELIANCE	51,713	96,361	0.54	1,209	2,705	0.45
RVNL	6,582	12,355	0.53	2	-40	-0.05
SAIL	5,750	9,916	0.58	80	1	80.00
SAMMAANCAP	5,937	9,003	0.66	-2	-8	0.25
SBICARD	4,569	6,969	0.66	-35	-311	0.11
SBILIFE	4,892	9,264	0.53	59	532	0.11
SBIN	39,714	65,292	0.61	-1,016	-996	1.02
SHREECEM	1,526	2,717	0.56	261	-233	-1.12
SHRIRAMFIN	12,121	17,750	0.68	-143	-264	0.54
SIEMENS	5,736	12,631	0.45	283	541	0.52
SOLARINDS	3,524	8,089	0.44	-28	226	-0.12
SONACOMS	2,651	5,525	0.48	291	-171	-1.70
SRF	6,704	10,154	0.66	754	-65	-11.60
SUNPHARMA	6,332	15,184	0.42	-458	-1,217	0.38
SUPREMEIND	3,806	6,989	0.54	511	696	0.73
SUZLON	9,822	23,133	0.42	162	127	1.28
SYNGENE	1,626	2,496	0.65	-14	-56	0.25
TATACONSUM	4,562	8,485	0.54	-24	-191	0.13
TATAELXSI	5,191	15,072	0.34	-50	-230	0.22
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,642	25,793	0.76	-261	-23	11.35
TATASTEEL	15,866	32,189	0.49	418	-1,396	-0.30
TATATECH	4,686	7,475	0.63	21	-218	-0.10
TCS	37,860	49,093	0.77	1,563	2,192	0.71
TECHM	7,233	9,231	0.78	-199	-218	0.91
TIINDIA	4,633	7,410	0.63	86	-129	-0.67
TITAGARH	2,528	5,508	0.46	0	-103	0.00
TITAN	12,173	20,709	0.59	638	588	1.09
TMPV	39,854	85,567	0.47	458	-3,037	-0.15
TORNTPHARM	1,183	2,338	0.51	-24	123	-0.20
TORNTPOWER	2,099	2,820	0.74	223	-149	-1.50
TRENT	26,616	48,847	0.54	1,313	3,747	0.35
TVSMOTOR	9,370	9,767	0.96	-10	-180	0.06
ULTRACEMCO	10,622	18,512	0.57	258	-310	-0.83
UNIONBANK	5,691	9,242	0.62	72	-45	-1.60
UNITDSPR	6,394	8,458	0.76	54	76	0.71
UNOMINDA	2,734	4,984	0.55	-101	-19	5.32
UPL	4,073	5,548	0.73	103	-134	-0.77
VBL	8,959	22,279	0.40	-48	168	-0.29
VEDL	22,183	32,784	0.68	1,182	-457	-2.59
VOLTAS	6,808	7,771	0.88	-124	-181	0.69
WIPRO	11,013	13,745	0.80	63	-353	-0.18
YESBANK	6,278	12,226	0.51	77	-12	-6.42
ZYDUSLIFE	3,296	4,366	0.75	16	122	0.13

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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