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

529.7 +3.90 (0.74%)

L: 525.8 H: 530.5

Put-Call Ratio - LICHSGFIN

17 Dec 2025 09:22 AM IST

Live

Expiry

Put OI

7,625

Call OI

10,021

PCR

0.76

Put OI Chg

5

Call OI Chg

-104

COI PCR

-0.05

COI Strength

1.00

Interval

On 9:23 LICHSGFIN was trading at 530.1 with pcr value 0.76

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	2,414	3,480	0.69	400	221	1.81
ABB	5,369	6,351	0.85	17	23	0.74
ABCAPITAL	4,745	7,741	0.61	-18	-32	0.56
ADANIENSOL	3,359	5,794	0.58	4	31	0.13
ADANIENT	26,207	43,541	0.60	10	74	0.14
ADANIGREEN	10,316	19,572	0.53	25	36	0.69
ADANIPORTS	9,129	18,089	0.50	-24	6	-4.00
ALKEM	1,231	1,685	0.73	-1	11	-0.09
AMBER	7,009	10,314	0.68	-4	56	-0.07
AMBUJACEM	8,533	10,303	0.83	1	5	0.20
ANGELONE	7,587	18,585	0.41	6	87	0.07
APLAPOLLO	2,432	2,704	0.90	3	0	0.00
APOLLOHOSP	7,853	16,218	0.48	8	27	0.30
ASHOKLEY	12,317	12,858	0.96	11	83	0.13
ASIANPAINT	17,288	34,587	0.50	-11	421	-0.03
ASTRAL	4,413	8,014	0.55	11	75	0.15
AUBANK	6,313	7,487	0.84	5	-18	-0.28
AUROPHARMA	4,459	10,315	0.43	7	-48	-0.15
AXISBANK	26,081	58,416	0.45	-619	-1,303	0.48
BAJAJ-AUTO	14,856	27,374	0.54	91	38	2.39
BAJAJFINSV	14,380	20,508	0.70	8	0	0.00
BAJFINANCE	23,336	40,578	0.58	-48	-117	0.41
BANDHANBNK	7,644	11,410	0.67	0	0	0.00
BANKBARODA	12,068	16,730	0.72	-201	-31	6.48
BANKINDIA	3,316	4,700	0.71	5	0	0.00
BDL	8,326	20,903	0.40	40	179	0.22
BEL	27,134	62,023	0.44	48	182	0.26
BHARATFORG	4,211	6,912	0.61	7	15	0.47
BHARTIARTL	19,315	39,708	0.49	-115	-350	0.33
BHEL	8,884	17,978	0.49	7	30	0.23
BIOCON	6,425	13,002	0.49	12	11	1.09
BLUESTARCO	1,376	1,762	0.78	-3	6	-0.50
BOSCHLTD	1,616	3,197	0.51	3	10	0.30
BPCL	5,385	8,980	0.60	-59	-128	0.46
BRITANNIA	6,466	9,100	0.71	65	36	1.81
BSE	18,196	37,757	0.48	-5	177	-0.03
CAMS	4,334	7,328	0.59	-4	-9	0.44
CANBK	12,016	15,961	0.75	12	-95	-0.13
CDSL	9,593	22,090	0.43	34	119	0.29
CGPOWER	4,633	8,945	0.52	7	-59	-0.12
CHOLAFIN	3,577	5,580	0.64	4	-39	-0.10
CIPLA	10,141	15,506	0.65	56	38	1.47
COALINDIA	12,555	12,932	0.97	16	6	2.67
COFORGE	8,672	20,077	0.43	-12	-71	0.17
COLPAL	6,576	10,780	0.61	70	87	0.80
CONCOR	7,636	10,165	0.75	0	5	0.00
CROMPTON	6,346	11,799	0.54	0	28	0.00
CUMMINSIND	3,583	4,500	0.80	13	17	0.76
CYIENT	1,949	2,939	0.66	14	-1	-14.00
DABUR	5,888	11,243	0.52	-6	74	-0.08
DALBHARAT	2,880	3,825	0.75	0	-10	0.00
DELHIVERY	3,915	6,407	0.61	1	30	0.03
DIVISLAB	6,567	9,190	0.71	-17	105	-0.16
DIXON	35,616	63,426	0.56	-9	905	-0.01
DLF	16,566	26,062	0.64	13	64	0.20
DMART	7,194	15,479	0.46	18	-104	-0.17
DRREDDY	5,372	10,850	0.50	37	22	1.68
EICHERMOT	10,895	15,771	0.69	89	-253	-0.35
ETERNAL	19,255	36,249	0.53	-22	64	-0.34
EXIDEIND	4,053	5,760	0.70	9	6	1.50
FEDERALBNK	8,084	8,087	1.00	-29	73	-0.40
FORTIS	3,536	8,703	0.41	2	-2	-1.00
GAIL	13,516	20,661	0.65	-21	-35	0.60
GLENMARK	8,045	10,996	0.73	13	92	0.14
GMRAIRPORT	10,814	19,520	0.55	15	21	0.71
GODREJCP	3,943	5,889	0.67	20	-2	-10.00
GODREJPROP	7,029	11,750	0.60	17	34	0.50
GRASIM	9,521	8,613	1.11	12	-19	-0.63
HAL	27,962	56,937	0.49	60	228	0.26
HAVELLS	3,540	4,823	0.73	-3	36	-0.08
HCLTECH	11,527	20,139	0.57	2	-20	-0.10
HDFCAMC	4,648	6,491	0.72	15	43	0.35
HDFCBANK	42,408	64,133	0.66	-226	938	-0.24
HDFCLIFE	7,566	19,282	0.39	-61	190	-0.32
HEROMOTOCO	12,947	18,370	0.70	13	-47	-0.28
HFCL	4,911	11,995	0.41	-3	-7	0.43
HINDALCO	15,582	21,049	0.74	90	-60	-1.50
HINDPETRO	3,868	6,822	0.57	2	-55	-0.04
HINDUNILVR	9,876	19,993	0.49	-18	-83	0.22
HINDZINC	25,249	35,264	0.72	1,157	1,616	0.72
HUDCO	6,348	14,301	0.44	-11	4	-2.75
ICICIBANK	32,026	51,079	0.63	-32	761	-0.04
ICICIGI	3,065	5,481	0.56	2	-6	-0.33
ICICIPRULI	2,310	4,815	0.48	-5	9	-0.56
IDEA	15,248	26,481	0.58	31	-35	-0.89
IDFCFIRSTB	9,680	12,575	0.77	30	1	30.00
IEX	8,419	11,609	0.73	8	32	0.25
IIFL	2,596	4,263	0.61	-5	-41	0.12
INDHOTEL	5,789	9,342	0.62	11	149	0.07
INDIANB	4,819	12,016	0.40	-12	2	-6.00
INDIGO	51,687	1,09,448	0.47	81	414	0.20
INDUSINDBK	13,357	18,494	0.72	517	55	9.40
INDUSTOWER	8,727	15,468	0.56	9	8	1.13
INFY	37,936	61,570	0.62	-37	-150	0.25
INOXWIND	6,997	13,928	0.50	1	-28	-0.04
IOC	7,391	12,468	0.59	161	-144	-1.12
IRCTC	7,304	11,060	0.66	1	10	0.10
IREDA	4,936	10,312	0.48	0	12	0.00
IRFC	4,624	9,517	0.49	65	2	32.50
ITC	21,869	34,208	0.64	-18	19	-0.95
JINDALSTEL	5,517	8,958	0.62	11	47	0.23
JIOFIN	18,046	25,891	0.70	30	74	0.41
JSWENERGY	10,151	15,178	0.67	-15	41	-0.37
JSWSTEEL	12,760	28,324	0.45	-4	-139	0.03
JUBLFOOD	5,815	9,792	0.59	40	51	0.78
KALYANKJIL	4,791	8,822	0.54	19	43	0.44
KAYNES	30,723	77,029	0.40	169	822	0.21
KEI	2,177	3,603	0.60	17	54	0.31
KFINTECH	4,243	6,781	0.63	1	43	0.02
KOTAKBANK	18,701	21,210	0.88	47	34	1.38
KPITTECH	3,635	6,426	0.57	6	21	0.29
LAURUSLABS	5,174	9,818	0.53	-1	-100	0.01
LICHSGFIN	7,625	10,021	0.76	5	-104	-0.05
LICI	6,232	11,952	0.52	-3	-8	0.38
LODHA	4,436	11,313	0.39	63	860	0.07
LT	18,526	32,294	0.57	31	105	0.30
LTF	5,020	7,729	0.65	44	-66	-0.67
LTIM	4,490	5,621	0.80	12	-5	-2.40
LUPIN	5,141	6,610	0.78	47	-214	-0.22
M&M	17,332	32,729	0.53	24	69	0.35
MANAPPURAM	3,710	5,385	0.69	1	-15	-0.07
MANKIND	2,391	5,019	0.48	-6	20	-0.30
MARICO	3,091	5,175	0.60	7	11	0.64
MARUTI	29,843	30,922	0.97	209	26	8.04
MAXHEALTH	5,070	10,200	0.50	22	66	0.33
MAZDOCK	10,103	22,759	0.44	-11	138	-0.08
MCX	15,134	23,005	0.66	76	137	0.55
MFSL	2,421	4,529	0.53	-11	46	-0.24
MOTHERSON	7,532	9,249	0.81	18	9	2.00
MPHASIS	3,474	4,650	0.75	5	-36	-0.14
MUTHOOTFIN	6,430	11,918	0.54	51	141	0.36
NATIONALUM	6,716	7,799	0.86	16	-13	-1.23
NAUKRI	6,006	7,049	0.85	11	-26	-0.42
NBCC	3,208	7,259	0.44	13	269	0.05
NCC	3,820	9,078	0.42	27	22	1.23
NESTLEIND	4,426	13,908	0.32	6	64	0.09
NHPC	3,207	7,108	0.45	4	49	0.08
NMDC	9,900	13,301	0.74	-8	37	-0.22
NTPC	13,440	22,808	0.59	-345	-38	9.10
NUVAMA	2,170	4,140	0.52	26	-9	-2.89
NYKAA	2,583	6,982	0.37	-1	2	-0.50
OBEROIRLTY	3,497	5,704	0.61	-4	-64	0.06
OFSS	6,984	9,440	0.74	7	79	0.09
OIL	2,485	4,570	0.54	4	3	1.33
ONGC	10,779	26,222	0.41	30	125	0.24
PAGEIND	3,361	7,923	0.42	1	6	0.17
PATANJALI	3,887	8,729	0.45	1	10	0.10
PAYTM	7,702	12,919	0.60	-19	36	-0.53
PERSISTENT	6,389	10,724	0.60	37	7	5.29
PETRONET	9,006	8,793	1.02	-34	-41	0.83
PFC	20,937	36,664	0.57	29	-110	-0.26
PGEL	7,827	12,222	0.64	41	77	0.53
PHOENIXLTD	1,661	3,414	0.49	1	-16	-0.06
PIDILITIND	1,923	2,532	0.76	-29	10	-2.90
PIIND	3,591	5,722	0.63	-4	8	-0.50
PNB	11,596	22,587	0.51	13	18	0.74
PNBHOUSING	7,296	11,993	0.61	-11	26	-0.42
POLICYBZR	6,430	8,942	0.72	321	291	1.10
POLYCAB	4,318	6,376	0.68	179	255	0.70
POWERGRID	10,690	17,696	0.60	1	-2	-0.50
POWERINDIA	4,058	10,911	0.37	0	-13	0.00
PPLPHARMA	2,873	7,202	0.40	1	-22	-0.05
PRESTIGE	2,782	4,238	0.66	1	13	0.08
RBLBANK	4,817	7,697	0.63	31	9	3.44
RECLTD	21,810	35,297	0.62	52	80	0.65
RELIANCE	49,114	98,301	0.50	26	440	0.06
RVNL	6,372	12,572	0.51	6	52	0.12
SAIL	5,943	10,686	0.56	2	24	0.08
SAMMAANCAP	6,684	12,392	0.54	13	48	0.27
SBICARD	4,959	7,483	0.66	26	-2	-13.00
SBILIFE	6,307	11,919	0.53	5	-139	-0.04
SBIN	40,302	66,385	0.61	313	-1,075	-0.29
SHREECEM	2,340	5,864	0.40	3	22	0.14
SHRIRAMFIN	12,787	20,370	0.63	146	-759	-0.19
SIEMENS	8,903	17,981	0.50	-2	104	-0.02
SOLARINDS	3,864	10,653	0.36	-32	51	-0.63
SONACOMS	2,585	5,573	0.46	-11	0	0.00
SRF	7,134	9,330	0.76	18	-40	-0.45
SUNPHARMA	6,497	20,131	0.32	-394	-1,020	0.39
SUPREMEIND	4,739	7,815	0.61	9	-55	-0.16
SUZLON	10,634	23,706	0.45	1	13	0.08
SYNGENE	1,441	2,872	0.50	11	33	0.33
TATACONSUM	5,152	10,128	0.51	18	18	1.00
TATAELXSI	5,486	15,075	0.36	23	21	1.10
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,460	26,816	0.73	93	45	2.07
TATASTEEL	15,491	26,376	0.59	6	55	0.11
TATATECH	4,611	7,525	0.61	2	9	0.22
TCS	37,848	48,885	0.77	191	-25	-7.64
TECHM	7,402	9,593	0.77	20	17	1.18
TIINDIA	4,701	7,749	0.61	0	5	0.00
TITAGARH	2,601	5,181	0.50	-10	15	-0.67
TITAN	14,793	21,226	0.70	129	-44	-2.93
TMPV	40,295	86,943	0.46	31	-319	-0.10
TORNTPHARM	1,150	2,658	0.43	14	8	1.75
TORNTPOWER	2,030	3,272	0.62	7	33	0.21
TRENT	26,710	49,973	0.53	62	22	2.82
TVSMOTOR	9,521	9,428	1.01	54	-124	-0.44
ULTRACEMCO	11,100	18,905	0.59	-31	38	-0.82
UNIONBANK	5,562	8,222	0.68	0	-59	0.00
UNITDSPR	6,529	8,801	0.74	1	116	0.01
UNOMINDA	2,830	4,990	0.57	-2	-8	0.25
UPL	4,618	6,777	0.68	0	32	0.00
VBL	10,076	23,847	0.42	-63	202	-0.31
VEDL	39,450	41,135	0.96	911	301	3.03
VOLTAS	6,479	7,212	0.90	18	9	2.00
WIPRO	10,841	13,821	0.78	48	53	0.91
YESBANK	6,426	13,270	0.48	3	-36	-0.08
ZYDUSLIFE	3,342	4,913	0.68	-18	-29	0.62

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