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

531.45 -0.95 (-0.18%)

L: 526.8 H: 533.9

Put-Call Ratio - LICHSGFIN

16 Dec 2025 09:07 AM IST

Live

Expiry

Put OI

7,599

Call OI

9,933

PCR

0.77

Put OI Chg

0

Call OI Chg

0

COI PCR

NaN

COI Strength

0.00

Interval

On 9:15 LICHSGFIN was trading at 530.25 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	2,075	3,280	0.63	0	0	0.00
ABB	5,491	6,695	0.82	0	0	0.00
ABCAPITAL	4,916	7,757	0.63	0	0	0.00
ADANIENSOL	3,667	5,337	0.69	0	0	0.00
ADANIENT	27,194	43,416	0.63	0	0	0.00
ADANIGREEN	11,048	19,009	0.58	0	0	0.00
ADANIPORTS	9,199	17,624	0.52	0	0	0.00
ALKEM	1,166	1,718	0.68	0	0	0.00
AMBER	7,125	10,532	0.68	0	0	0.00
AMBUJACEM	9,186	10,499	0.87	0	0	0.00
ANGELONE	7,728	17,493	0.44	0	0	0.00
APLAPOLLO	2,494	2,837	0.88	0	0	0.00
APOLLOHOSP	7,557	15,052	0.50	0	0	0.00
ASHOKLEY	11,774	12,457	0.95	0	0	0.00
ASIANPAINT	17,349	34,651	0.50	0	0	0.00
ASTRAL	4,106	7,740	0.53	0	0	0.00
AUBANK	6,634	7,604	0.87	0	0	0.00
AUROPHARMA	4,646	10,129	0.46	0	0	0.00
AXISBANK	14,357	29,272	0.49	0	0	0.00
BAJAJ-AUTO	14,379	27,689	0.52	0	0	0.00
BAJAJFINSV	13,359	19,120	0.70	0	0	0.00
BAJFINANCE	22,530	38,101	0.59	0	0	0.00
BANDHANBNK	7,668	11,448	0.67	0	0	0.00
BANKBARODA	12,117	16,114	0.75	0	0	0.00
BANKINDIA	3,324	4,623	0.72	0	0	0.00
BDL	7,538	17,959	0.42	0	0	0.00
BEL	26,571	59,709	0.45	0	0	0.00
BHARATFORG	4,170	6,816	0.61	0	0	0.00
BHARTIARTL	18,865	40,591	0.46	0	0	0.00
BHEL	9,156	17,524	0.52	0	0	0.00
BIOCON	6,396	12,524	0.51	0	0	0.00
BLUESTARCO	1,383	1,714	0.81	0	0	0.00
BOSCHLTD	1,543	3,007	0.51	0	0	0.00
BPCL	5,630	8,058	0.70	0	0	0.00
BRITANNIA	5,817	7,636	0.76	0	0	0.00
BSE	18,087	33,742	0.54	0	0	0.00
CAMS	4,388	7,418	0.59	0	0	0.00
CANBK	12,036	15,628	0.77	0	0	0.00
CDSL	9,621	21,615	0.45	0	0	0.00
CGPOWER	4,766	8,876	0.54	0	0	0.00
CHOLAFIN	3,625	5,299	0.68	0	0	0.00
CIPLA	3,940	4,181	0.94	-138	124	-1.11
COALINDIA	12,606	13,022	0.97	0	0	0.00
COFORGE	4,230	8,697	0.49	-150	-837	0.18
COLPAL	6,426	9,432	0.68	0	0	0.00
CONCOR	7,702	9,842	0.78	0	0	0.00
CROMPTON	6,400	11,714	0.55	0	0	0.00
CUMMINSIND	3,524	4,386	0.80	0	0	0.00
CYIENT	1,991	2,922	0.68	0	0	0.00
DABUR	5,220	9,918	0.53	0	24	0.00
DALBHARAT	1,373	2,384	0.58	58	-342	-0.17
DELHIVERY	3,834	5,769	0.66	0	0	0.00
DIVISLAB	6,542	9,086	0.72	0	0	0.00
DIXON	37,292	59,338	0.63	0	0	0.00
DLF	6,384	11,258	0.57	19	356	0.05
DMART	7,119	12,864	0.55	0	0	0.00
DRREDDY	1,782	2,403	0.74	179	51	3.51
EICHERMOT	11,120	15,954	0.70	0	0	0.00
ETERNAL	17,609	28,347	0.62	0	0	0.00
EXIDEIND	4,009	5,549	0.72	0	0	0.00
FEDERALBNK	8,777	7,859	1.12	0	0	0.00
FORTIS	3,604	9,437	0.38	0	0	0.00
GAIL	13,468	20,593	0.65	0	0	0.00
GLENMARK	7,851	10,433	0.75	0	0	0.00
GMRAIRPORT	10,965	18,436	0.59	0	0	0.00
GODREJCP	3,093	3,985	0.78	0	0	0.00
GODREJPROP	6,638	10,963	0.61	0	0	0.00
GRASIM	9,555	8,558	1.12	0	0	0.00
HAL	27,771	52,822	0.53	0	0	0.00
HAVELLS	3,568	4,704	0.76	0	0	0.00
HCLTECH	11,500	19,288	0.60	0	0	0.00
HDFCAMC	4,321	5,695	0.76	0	0	0.00
HDFCBANK	41,339	63,723	0.65	0	0	0.00
HDFCLIFE	3,251	5,669	0.57	-48	889	-0.05
HEROMOTOCO	12,755	18,250	0.70	0	0	0.00
HFCL	4,905	12,388	0.40	0	0	0.00
HINDALCO	0	0	0.00	-1,026	466	-2.20
HINDPETRO	968	1,555	0.62	-149	52	-2.87
HINDUNILVR	10,696	19,947	0.54	-1	-202	0.00
HINDZINC	25,721	35,409	0.73	3	442	0.01
HUDCO	6,265	14,130	0.44	0	0	0.00
ICICIBANK	10,580	17,362	0.61	429	1,304	0.33
ICICIGI	3,163	5,537	0.57	0	0	0.00
ICICIPRULI	550	841	0.65	-36	-210	0.17
IDEA	15,104	26,890	0.56	0	0	0.00
IDFCFIRSTB	4,139	5,016	0.83	117	-531	-0.22
IEX	8,444	11,908	0.71	0	0	0.00
IIFL	2,626	4,197	0.63	0	0	0.00
INDHOTEL	5,724	8,433	0.68	9	-19	-0.41
INDIANB	4,766	11,370	0.42	0	0	0.00
INDIGO	9,035	18,544	0.49	323	-4,314	-0.07
INDUSINDBK	4,555	6,846	0.67	-74	4	-18.50
INDUSTOWER	1,904	4,289	0.44	429	2,203	0.19
INFY	18,930	21,360	0.89	1,432	-116	-12.34
INOXWIND	7,233	13,860	0.52	0	0	0.00
IOC	2,771	4,669	0.59	68	304	0.22
IRCTC	1,221	1,978	0.62	40	35	1.14
IREDA	875	1,916	0.46	-37	18	-2.06
IRFC	1,840	3,927	0.47	-11	-3	3.67
ITC	4,628	4,043	1.14	-67	-696	0.10
JINDALSTEL	1,886	3,490	0.54	60	-90	-0.67
JIOFIN	18,150	24,645	0.74	0	0	0.00
JSWENERGY	11,034	15,397	0.72	0	0	0.00
JSWSTEEL	0	0	0.00	48	592	0.08
JUBLFOOD	0	0	0.00	-832	639	-1.30
KALYANKJIL	4,739	8,721	0.54	0	0	0.00
KAYNES	30,917	77,247	0.40	0	0	0.00
KEI	2,239	3,490	0.64	0	0	0.00
KFINTECH	4,063	6,755	0.60	0	0	0.00
KOTAKBANK	8,610	9,560	0.90	-486	-461	1.05
KPITTECH	3,359	5,556	0.60	0	0	0.00
LAURUSLABS	5,225	9,541	0.55	0	0	0.00
LICHSGFIN	7,599	9,933	0.77	0	0	0.00
LICI	6,488	11,760	0.55	0	0	0.00
LODHA	4,610	9,975	0.46	0	0	0.00
LT	1	1,494	0.00	-215	-513	0.42
LTF	5,026	8,081	0.62	0	0	0.00
LTIM	0	155	0.00	-69	-213	0.32
LUPIN	1,898	2,814	0.67	-69	1	-69.00
M&M	5,520	11,392	0.48	817	3,626	0.23
MANAPPURAM	0	0	0.00	91	101	0.90
MANKIND	2,357	4,480	0.53	0	0	0.00
MARICO	0	0	0.00	69	367	0.19
MARUTI	31,647	31,610	1.00	0	0	0.00
MAXHEALTH	2,249	4,864	0.46	-48	-25	1.92
MAZDOCK	2,027	5,369	0.38	-14	418	-0.03
MCX	14,651	22,123	0.66	0	0	0.00
MFSL	1,352	2,022	0.67	-6	-7	0.86
MOTHERSON	2,975	3,674	0.81	380	207	1.84
MPHASIS	1,262	1,373	0.92	104	51	2.04
MUTHOOTFIN	0	1,066	0.00	527	1,087	0.48
NATIONALUM	39	878	0.04	-268	91	-2.95
NAUKRI	2,341	2,852	0.82	11	116	0.09
NBCC	1,456	2,707	0.54	172	-386	-0.45
NCC	776	1,258	0.62	95	475	0.20
NESTLEIND	0	0	0.00	-59	-467	0.13
NHPC	1,436	2,793	0.51	-3	103	-0.03
NMDC	0	0	0.00	215	458	0.47
NTPC	0	0	0.00	-177	-373	0.48
NUVAMA	1,028	1,433	0.72	-16	-47	0.34
NYKAA	0	0	0.00	-78	146	-0.53
OBEROIRLTY	3,584	5,699	0.63	0	0	0.00
OFSS	7,815	9,003	0.87	0	0	0.00
OIL	2,428	4,331	0.56	0	0	0.00
ONGC	11,552	25,872	0.45	0	0	0.00
PAGEIND	739	1,475	0.50	-10	353	-0.03
PATANJALI	3,855	8,626	0.45	0	0	0.00
PAYTM	3,176	5,592	0.57	-258	208	-1.24
PERSISTENT	12	1,389	0.01	211	1,526	0.14
PETRONET	6,339	6,823	0.93	3	11	0.27
PFC	0	0	0.00	436	1,624	0.27
PGEL	8,023	11,929	0.67	0	0	0.00
PHOENIXLTD	799	1,669	0.48	206	359	0.57
PIDILITIND	889	1,445	0.62	90	11	8.18
PIIND	0	0	0.00	183	743	0.25
PNB	0	0	0.00	-270	-347	0.78
PNBHOUSING	2,709	3,452	0.78	993	417	2.38
POLICYBZR	2,284	2,863	0.80	-69	20	-3.45
POLYCAB	0	0	0.00	29	24	1.21
POWERGRID	0	0	0.00	140	549	0.26
POWERINDIA	4,202	10,719	0.39	0	0	0.00
PPLPHARMA	414	1,085	0.38	-23	553	-0.04
PRESTIGE	0	12	0.00	86	-4	-21.50
RBLBANK	0	0	0.00	-9	134	-0.07
RECLTD	0	0	0.00	254	1,330	0.19
RELIANCE	50,156	95,220	0.53	0	0	0.00
RVNL	1,409	3,413	0.41	-56	-53	1.06
SAIL	2,390	4,188	0.57	0	169	0.00
SAMMAANCAP	6,236	11,764	0.53	0	0	0.00
SBICARD	1,738	2,173	0.80	52	-175	-0.30
SBILIFE	0	0	0.00	217	-264	-0.82
SBIN	967	4,152	0.23	761	-1,878	-0.41
SHREECEM	341	671	0.51	208	319	0.65
SHRIRAMFIN	12,527	21,077	0.59	0	0	0.00
SIEMENS	9,634	17,789	0.54	0	0	0.00
SOLARINDS	3,844	9,658	0.40	0	0	0.00
SONACOMS	2,594	5,597	0.46	0	0	0.00
SRF	2,543	2,819	0.90	-338	53	-6.38
SUNPHARMA	0	0	0.00	-161	-1,135	0.14
SUPREMEIND	3,806	7,707	0.49	0	0	0.00
SUZLON	10,332	23,449	0.44	0	0	0.00
SYNGENE	0	0	0.00	145	270	0.54
TATACONSUM	2,446	7,509	0.33	68	180	0.38
TATAELXSI	5,599	14,443	0.39	0	0	0.00
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	0	0	0.00	-53	237	-0.22
TATASTEEL	12,743	21,051	0.61	-15	-321	0.05
TATATECH	4,604	7,425	0.62	0	0	0.00
TCS	38,424	48,070	0.80	0	0	0.00
TECHM	0	0	0.00	-319	418	-0.76
TIINDIA	4,733	7,518	0.63	0	0	0.00
TITAGARH	2,568	5,012	0.51	0	0	0.00
TITAN	72	2,160	0.03	-262	790	-0.33
TMPV	40,108	87,455	0.46	14	18	0.78
TORNTPHARM	0	0	0.00	-34	115	-0.30
TORNTPOWER	2,075	2,790	0.74	0	0	0.00
TRENT	26,521	49,076	0.54	0	0	0.00
TVSMOTOR	0	0	0.00	-73	-18	4.06
ULTRACEMCO	0	0	0.00	266	1,027	0.26
UNIONBANK	5,679	8,246	0.69	0	0	0.00
UNITDSPR	4,603	5,956	0.77	43	72	0.60
UNOMINDA	2,672	4,988	0.54	0	0	0.00
UPL	12	200	0.06	743	936	0.79
VBL	9,771	22,766	0.43	0	0	0.00
VEDL	0	0	0.00	927	1,391	0.67
VOLTAS	0	0	0.00	-77	110	-0.70
WIPRO	0	0	0.00	-53	-166	0.32
YESBANK	6,416	13,026	0.49	0	0	0.00
ZYDUSLIFE	0	0	0.00	9	56	0.16

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