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.

LICHSGFIN

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.

Lic Housing Finance Ltd

528.8 +3.00 (0.57%)

L: 525.8 H: 530.5

Put-Call Ratio - LICHSGFIN

17 Dec 2025 09:32 AM IST

Live

Expiry

Put OI

7,626

Call OI

9,922

PCR

0.77

Put OI Chg

6

Call OI Chg

-203

COI PCR

-0.03

COI Strength

1.00

Interval

On 9:30 LICHSGFIN was trading at 529.5 with pcr value 0.76

On 9:33 LICHSGFIN was trading at 528.9 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	2,696	3,914	0.69	682	655	1.04
ABB	5,331	6,323	0.84	-21	-5	4.20
ABCAPITAL	4,761	7,675	0.62	-2	-98	0.02
ADANIENSOL	3,334	5,817	0.57	-21	54	-0.39
ADANIENT	26,217	44,192	0.59	20	272	0.07
ADANIGREEN	10,298	19,748	0.52	7	212	0.03
ADANIPORTS	9,301	18,275	0.51	148	192	0.77
ALKEM	1,260	1,785	0.71	28	111	0.25
AMBER	7,030	10,325	0.68	17	67	0.25
AMBUJACEM	8,539	10,292	0.83	7	-6	-1.17
ANGELONE	7,620	18,719	0.41	39	221	0.18
APLAPOLLO	2,437	2,713	0.90	8	9	0.89
APOLLOHOSP	7,943	16,268	0.49	98	77	1.27
ASHOKLEY	12,365	12,922	0.96	59	147	0.40
ASIANPAINT	17,288	34,461	0.50	-11	295	-0.04
ASTRAL	4,430	8,096	0.55	28	157	0.18
AUBANK	6,454	7,608	0.85	146	103	1.42
AUROPHARMA	4,470	10,407	0.43	18	44	0.41
AXISBANK	26,180	57,525	0.46	-520	-2,194	0.24
BAJAJ-AUTO	14,865	27,464	0.54	100	128	0.78
BAJAJFINSV	14,414	20,598	0.70	42	90	0.47
BAJFINANCE	23,562	40,294	0.58	178	-590	-0.30
BANDHANBNK	7,644	11,410	0.67	0	0	0.00
BANKBARODA	12,050	16,546	0.73	-219	-215	1.02
BANKINDIA	3,337	4,846	0.69	26	146	0.18
BDL	8,285	21,062	0.39	-1	338	-0.00
BEL	27,134	61,978	0.44	48	137	0.35
BHARATFORG	4,218	6,935	0.61	14	38	0.37
BHARTIARTL	19,354	39,708	0.49	-76	-350	0.22
BHEL	8,870	18,026	0.49	-7	78	-0.09
BIOCON	6,443	13,007	0.50	30	16	1.88
BLUESTARCO	1,376	1,766	0.78	-3	10	-0.30
BOSCHLTD	1,622	3,187	0.51	9	0	0.00
BPCL	5,421	9,059	0.60	-23	-49	0.47
BRITANNIA	6,486	9,108	0.71	85	44	1.93
BSE	18,262	37,715	0.48	61	135	0.45
CAMS	4,334	7,339	0.59	-4	2	-2.00
CANBK	11,973	15,689	0.76	-31	-367	0.08
CDSL	9,596	22,203	0.43	37	232	0.16
CGPOWER	4,867	10,055	0.48	241	1,051	0.23
CHOLAFIN	3,596	5,423	0.66	23	-196	-0.12
CIPLA	10,227	15,587	0.66	142	119	1.19
COALINDIA	12,579	12,923	0.97	40	-3	-13.33
COFORGE	8,700	19,873	0.44	16	-275	-0.06
COLPAL	6,584	10,945	0.60	78	252	0.31
CONCOR	7,648	10,190	0.75	12	30	0.40
CROMPTON	6,359	11,799	0.54	13	28	0.46
CUMMINSIND	3,598	4,481	0.80	28	-2	-14.00
CYIENT	1,947	2,939	0.66	12	-1	-12.00
DABUR	5,904	11,280	0.52	10	111	0.09
DALBHARAT	2,880	3,837	0.75	0	2	0.00
DELHIVERY	3,919	6,424	0.61	5	47	0.11
DIVISLAB	6,595	9,261	0.71	11	176	0.06
DIXON	35,882	64,034	0.56	257	1,513	0.17
DLF	16,634	26,333	0.63	81	335	0.24
DMART	7,227	15,521	0.47	51	-62	-0.82
DRREDDY	5,390	10,824	0.50	55	-4	-13.75
EICHERMOT	11,153	15,921	0.70	347	-103	-3.37
ETERNAL	19,282	35,740	0.54	5	-445	-0.01
EXIDEIND	4,072	5,855	0.70	28	101	0.28
FEDERALBNK	8,110	8,150	1.00	-3	136	-0.02
FORTIS	3,547	8,667	0.41	13	-38	-0.34
GAIL	13,464	20,688	0.65	-73	-8	9.13
GLENMARK	8,091	11,086	0.73	59	182	0.32
GMRAIRPORT	10,829	19,572	0.55	30	73	0.41
GODREJCP	3,914	5,805	0.67	-9	-86	0.10
GODREJPROP	7,043	11,810	0.60	31	94	0.33
GRASIM	9,528	8,719	1.09	19	87	0.22
HAL	28,018	57,427	0.49	116	718	0.16
HAVELLS	3,560	4,874	0.73	17	87	0.20
HCLTECH	11,541	19,988	0.58	16	-171	-0.09
HDFCAMC	4,667	6,506	0.72	34	58	0.59
HDFCBANK	42,424	65,493	0.65	-210	2,298	-0.09
HDFCLIFE	7,589	19,367	0.39	-38	275	-0.14
HEROMOTOCO	12,994	18,527	0.70	60	110	0.55
HFCL	4,907	11,996	0.41	-7	-6	1.17
HINDALCO	15,894	21,244	0.75	402	135	2.98
HINDPETRO	3,897	6,807	0.57	31	-70	-0.44
HINDUNILVR	9,876	20,166	0.49	-18	90	-0.20
HINDZINC	25,544	37,715	0.68	1,452	4,067	0.36
HUDCO	6,334	14,315	0.44	-25	18	-1.39
ICICIBANK	32,426	52,739	0.61	368	2,421	0.15
ICICIGI	3,060	5,491	0.56	-3	4	-0.75
ICICIPRULI	2,308	4,838	0.48	-7	32	-0.22
IDEA	15,306	26,492	0.58	89	-24	-3.71
IDFCFIRSTB	9,725	12,629	0.77	75	55	1.36
IEX	8,426	11,603	0.73	15	26	0.58
IIFL	2,597	4,197	0.62	-4	-107	0.04
INDHOTEL	5,807	9,409	0.62	29	216	0.13
INDIANB	4,794	12,030	0.40	-37	16	-2.31
INDIGO	51,883	1,09,509	0.47	277	475	0.58
INDUSINDBK	13,503	18,385	0.73	663	-54	-12.28
INDUSTOWER	8,722	15,425	0.57	4	-35	-0.11
INFY	38,118	61,592	0.62	145	-128	-1.13
INOXWIND	6,994	13,925	0.50	-2	-31	0.06
IOC	7,500	12,197	0.61	270	-415	-0.65
IRCTC	7,377	11,131	0.66	74	81	0.91
IREDA	4,937	10,327	0.48	1	27	0.04
IRFC	4,618	9,544	0.48	59	29	2.03
ITC	21,900	34,354	0.64	13	165	0.08
JINDALSTEL	5,541	8,986	0.62	35	75	0.47
JIOFIN	18,083	25,894	0.70	67	77	0.87
JSWENERGY	10,149	15,154	0.67	-17	17	-1.00
JSWSTEEL	12,724	28,278	0.45	-40	-185	0.22
JUBLFOOD	5,850	9,890	0.59	75	149	0.50
KALYANKJIL	4,776	8,843	0.54	4	64	0.06
KAYNES	30,943	77,634	0.40	389	1,427	0.27
KEI	2,380	3,696	0.64	220	147	1.50
KFINTECH	4,243	6,820	0.62	1	82	0.01
KOTAKBANK	18,759	21,269	0.88	105	93	1.13
KPITTECH	3,640	6,417	0.57	11	12	0.92
LAURUSLABS	5,303	9,697	0.55	128	-221	-0.58
LICHSGFIN	7,626	9,922	0.77	6	-203	-0.03
LICI	6,228	11,892	0.52	-7	-68	0.10
LODHA	4,481	11,490	0.39	108	1,037	0.10
LT	18,462	32,299	0.57	-33	110	-0.30
LTF	5,035	7,787	0.65	59	-8	-7.38
LTIM	4,507	5,738	0.79	29	112	0.26
LUPIN	5,237	6,805	0.77	143	-19	-7.53
M&M	17,346	32,673	0.53	38	13	2.92
MANAPPURAM	3,716	5,396	0.69	7	-4	-1.75
MANKIND	2,409	5,056	0.48	12	57	0.21
MARICO	3,105	5,209	0.60	21	45	0.47
MARUTI	30,337	31,142	0.97	703	246	2.86
MAXHEALTH	5,088	10,324	0.49	40	190	0.21
MAZDOCK	10,083	22,776	0.44	-31	155	-0.20
MCX	15,271	23,113	0.66	213	245	0.87
MFSL	2,434	4,505	0.54	2	22	0.09
MOTHERSON	7,555	9,269	0.82	41	29	1.41
MPHASIS	3,502	4,666	0.75	33	-20	-1.65
MUTHOOTFIN	6,453	12,051	0.54	74	274	0.27
NATIONALUM	6,771	7,878	0.86	71	66	1.08
NAUKRI	6,039	7,001	0.86	44	-74	-0.59
NBCC	3,184	7,316	0.44	-11	326	-0.03
NCC	3,821	9,145	0.42	28	89	0.31
NESTLEIND	4,369	13,971	0.31	-51	127	-0.40
NHPC	3,215	7,163	0.45	12	104	0.12
NMDC	9,936	13,410	0.74	28	146	0.19
NTPC	13,482	22,720	0.59	-303	-126	2.41
NUVAMA	2,208	4,154	0.53	64	5	12.80
NYKAA	2,591	6,953	0.37	7	-27	-0.26
OBEROIRLTY	3,506	5,712	0.61	5	-56	-0.09
OFSS	6,962	9,501	0.73	-15	140	-0.11
OIL	2,501	4,606	0.54	20	39	0.51
ONGC	10,794	26,361	0.41	45	264	0.17
PAGEIND	3,411	7,966	0.43	51	49	1.04
PATANJALI	3,901	8,813	0.44	15	94	0.16
PAYTM	7,715	12,966	0.60	-6	83	-0.07
PERSISTENT	6,451	10,693	0.60	99	-24	-4.13
PETRONET	8,874	8,680	1.02	-166	-154	1.08
PFC	20,944	36,543	0.57	36	-231	-0.16
PGEL	7,829	12,249	0.64	43	104	0.41
PHOENIXLTD	1,663	3,405	0.49	3	-25	-0.12
PIDILITIND	1,933	2,578	0.75	-19	56	-0.34
PIIND	3,569	5,817	0.61	-26	103	-0.25
PNB	11,605	22,426	0.52	22	-143	-0.16
PNBHOUSING	7,290	12,029	0.61	-17	62	-0.27
POLICYBZR	6,621	9,058	0.73	512	407	1.26
POLYCAB	5,968	7,546	0.79	1,829	1,425	1.28
POWERGRID	10,673	17,742	0.60	-16	44	-0.36
POWERINDIA	3,980	10,853	0.37	-78	-71	1.10
PPLPHARMA	2,874	7,209	0.40	2	-15	-0.13
PRESTIGE	2,784	4,261	0.65	3	36	0.08
RBLBANK	4,821	7,775	0.62	35	87	0.40
RECLTD	21,827	35,422	0.62	69	205	0.34
RELIANCE	49,495	97,975	0.51	407	114	3.57
RVNL	6,388	12,689	0.50	22	169	0.13
SAIL	5,849	10,676	0.55	-92	14	-6.57
SAMMAANCAP	6,690	12,708	0.53	19	364	0.05
SBICARD	4,976	7,462	0.67	43	-23	-1.87
SBILIFE	6,316	11,882	0.53	14	-176	-0.08
SBIN	41,257	63,209	0.65	1,268	-4,251	-0.30
SHREECEM	2,375	5,867	0.40	38	25	1.52
SHRIRAMFIN	12,935	21,377	0.61	294	248	1.19
SIEMENS	8,979	18,076	0.50	74	199	0.37
SOLARINDS	3,861	10,626	0.36	-35	24	-1.46
SONACOMS	2,599	5,564	0.47	3	-9	-0.33
SRF	7,161	9,374	0.76	45	4	11.25
SUNPHARMA	6,681	20,258	0.33	-210	-893	0.23
SUPREMEIND	4,718	7,580	0.62	-12	-290	0.04
SUZLON	10,638	23,734	0.45	5	41	0.12
SYNGENE	1,442	2,840	0.51	12	1	12.00
TATACONSUM	5,156	10,229	0.50	22	119	0.18
TATAELXSI	5,504	15,118	0.36	41	64	0.64
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,482	26,812	0.73	115	41	2.80
TATASTEEL	15,601	26,365	0.59	116	44	2.64
TATATECH	4,624	7,539	0.61	15	23	0.65
TCS	38,190	48,951	0.78	533	41	13.00
TECHM	7,517	9,607	0.78	135	31	4.35
TIINDIA	4,708	7,741	0.61	7	-3	-2.33
TITAGARH	2,616	5,212	0.50	5	46	0.11
TITAN	14,805	21,179	0.70	141	-91	-1.55
TMPV	39,865	86,684	0.46	-399	-578	0.69
TORNTPHARM	1,159	2,706	0.43	23	56	0.41
TORNTPOWER	2,021	3,289	0.61	-2	50	-0.04
TRENT	26,748	50,134	0.53	100	183	0.55
TVSMOTOR	9,624	9,631	1.00	157	79	1.99
ULTRACEMCO	11,129	19,102	0.58	-2	235	-0.01
UNIONBANK	5,547	8,250	0.67	-15	-31	0.48
UNITDSPR	6,549	8,829	0.74	21	144	0.15
UNOMINDA	2,834	4,975	0.57	2	-23	-0.09
UPL	4,626	6,809	0.68	8	64	0.13
VBL	10,020	23,986	0.42	-119	341	-0.35
VEDL	40,151	42,212	0.95	1,612	1,378	1.17
VOLTAS	6,490	7,226	0.90	29	23	1.26
WIPRO	10,881	13,799	0.79	88	31	2.84
YESBANK	6,408	13,174	0.49	-15	-132	0.11
ZYDUSLIFE	3,340	4,896	0.68	-20	-46	0.43

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 LICHSGFIN

LICHSGFIN

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