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.

LICI

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.

Life Insura Corp Of India

848.3 +0.90 (0.11%)

L: 845.9 H: 851.3

Put-Call Ratio - LICI

19 Dec 2025 02:27 PM IST

Live

Expiry

Put OI

6,214

Call OI

12,119

PCR

0.51

Put OI Chg

142

Call OI Chg

144

COI PCR

0.99

COI Strength

-0.01

Interval

On 9:30 LICI was trading at 849.05 with pcr value 0.51

On 9:45 LICI was trading at 849.7 with pcr value 0.51

On 10:00 LICI was trading at 849.3 with pcr value 0.51

On 10:15 LICI was trading at 847.55 with pcr value 0.52

On 10:30 LICI was trading at 847.15 with pcr value 0.52

On 10:45 LICI was trading at 846.5 with pcr value 0.52

On 11:00 LICI was trading at 849.8 with pcr value 0.52

On 11:15 LICI was trading at 849.5 with pcr value 0.52

On 11:30 LICI was trading at 850.05 with pcr value 0.51

On 11:45 LICI was trading at 850.7 with pcr value 0.51

On 12:00 LICI was trading at 850.35 with pcr value 0.51

On 12:15 LICI was trading at 850.2 with pcr value 0.51

On 12:30 LICI was trading at 850.15 with pcr value 0.52

On 12:45 LICI was trading at 849.35 with pcr value 0.52

On 13:00 LICI was trading at 849 with pcr value 0.51

On 13:15 LICI was trading at 848.3 with pcr value 0.51

On 13:30 LICI was trading at 848.4 with pcr value 0.51

On 13:45 LICI was trading at 848.5 with pcr value 0.51

On 14:00 LICI was trading at 848.2 with pcr value 0.51

On 14:15 LICI was trading at 848.15 with pcr value 0.51

On 14:28 LICI was trading at 848.3 with pcr value 0.51

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	2,184	3,604	0.61	99	28	3.54
ABB	5,349	6,970	0.77	11	-137	-0.08
ABCAPITAL	4,721	8,356	0.56	28	251	0.11
ADANIENSOL	3,346	5,997	0.56	89	12	7.42
ADANIENT	29,121	46,301	0.63	2,539	2,581	0.98
ADANIGREEN	10,123	17,497	0.58	374	-953	-0.39
ADANIPORTS	9,644	19,255	0.50	427	626	0.68
ALKEM	1,387	2,072	0.67	152	3	50.67
AMBER	7,035	11,076	0.64	-233	80	-2.91
AMBUJACEM	8,331	11,390	0.73	20	-75	-0.27
ANGELONE	7,702	19,052	0.40	2	-1,616	-0.00
APLAPOLLO	2,345	2,926	0.80	114	323	0.35
APOLLOHOSP	9,478	17,953	0.53	613	-341	-1.80
ASHOKLEY	14,866	13,706	1.08	1,423	352	4.04
ASIANPAINT	16,751	33,320	0.50	109	-1,312	-0.08
ASTRAL	4,238	8,099	0.52	-30	66	-0.45
AUBANK	6,583	7,772	0.85	141	-56	-2.52
AUROPHARMA	5,341	11,859	0.45	597	1,731	0.34
AXISBANK	21,068	44,530	0.47	-668	-2,925	0.23
BAJAJ-AUTO	14,860	26,747	0.56	623	-1,768	-0.35
BAJAJFINSV	14,033	21,058	0.67	-51	-195	0.26
BAJFINANCE	22,611	37,720	0.60	-534	-2,050	0.26
BANDHANBNK	7,482	11,075	0.68	-140	-76	1.84
BANKBARODA	11,936	13,862	0.86	14	-645	-0.02
BANKINDIA	3,684	4,949	0.74	60	-54	-1.11
BDL	8,446	21,237	0.40	-70	-438	0.16
BEL	26,202	56,699	0.46	176	-2,723	-0.06
BHARATFORG	4,687	7,634	0.61	355	729	0.49
BHARTIARTL	19,230	41,027	0.47	609	1,971	0.31
BHEL	8,825	19,256	0.46	30	120	0.25
BIOCON	6,165	11,424	0.54	116	-326	-0.36
BLUESTARCO	2,458	3,346	0.73	699	1,494	0.47
BOSCHLTD	1,658	3,882	0.43	52	86	0.60
BPCL	5,504	9,508	0.58	89	126	0.71
BRITANNIA	6,492	9,372	0.69	316	-1,096	-0.29
BSE	16,832	33,195	0.51	-176	1,084	-0.16
CAMS	4,770	7,443	0.64	-26	-421	0.06
CANBK	12,063	16,096	0.75	-73	998	-0.07
CDSL	9,722	22,518	0.43	14	-359	-0.04
CGPOWER	4,415	10,387	0.43	-185	-288	0.64
CHOLAFIN	16,344	14,122	1.16	8,099	4,829	1.68
CIPLA	10,163	14,630	0.69	235	-404	-0.58
COALINDIA	13,262	13,289	1.00	198	242	0.82
COFORGE	9,118	21,339	0.43	301	1,668	0.18
COLPAL	7,699	11,908	0.65	-142	-630	0.23
CONCOR	7,951	10,299	0.77	198	120	1.65
CROMPTON	6,832	14,215	0.48	-31	758	-0.04
CUMMINSIND	3,988	7,447	0.54	145	1,063	0.14
CYIENT	2,370	3,648	0.65	13	-30	-0.43
DABUR	6,464	11,580	0.56	-29	-60	0.48
DALBHARAT	2,841	4,233	0.67	49	-146	-0.34
DELHIVERY	4,126	6,096	0.68	120	-203	-0.59
DIVISLAB	9,601	19,104	0.50	2,858	9,484	0.30
DIXON	35,154	72,986	0.48	-130	6,357	-0.02
DLF	16,640	25,665	0.65	-937	-330	2.84
DMART	7,150	16,620	0.43	-184	-795	0.23
DRREDDY	4,981	10,676	0.47	-206	294	-0.70
EICHERMOT	11,133	14,442	0.77	577	-570	-1.01
ETERNAL	18,116	34,834	0.52	-529	-1,433	0.37
EXIDEIND	4,390	6,403	0.69	35	-339	-0.10
FEDERALBNK	9,221	7,791	1.18	937	-99	-9.46
FORTIS	3,565	7,827	0.46	40	-200	-0.20
GAIL	12,893	19,245	0.67	-255	-798	0.32
GLENMARK	7,362	11,218	0.66	-424	676	-0.63
GMRAIRPORT	10,504	21,727	0.48	-14	849	-0.02
GODREJCP	3,771	5,578	0.68	-11	115	-0.10
GODREJPROP	6,891	11,120	0.62	-24	-919	0.03
GRASIM	9,272	8,316	1.11	-140	-245	0.57
HAL	28,148	52,615	0.53	-350	-2,202	0.16
HAVELLS	3,937	5,104	0.77	161	210	0.77
HCLTECH	12,971	26,200	0.50	1,200	5,667	0.21
HDFCAMC	8,286	10,771	0.77	-3,171	-847	3.74
HDFCBANK	43,117	74,498	0.58	327	-2,362	-0.14
HDFCLIFE	7,103	14,973	0.47	17	-1,363	-0.01
HEROMOTOCO	13,887	33,501	0.41	264	1,744	0.15
HFCL	4,764	11,498	0.41	-186	-56	3.32
HINDALCO	15,098	21,416	0.70	-536	780	-0.69
HINDPETRO	4,138	6,906	0.60	87	10	8.70
HINDUNILVR	9,590	20,424	0.47	-262	-322	0.81
HINDZINC	26,493	37,066	0.71	-230	1,428	-0.16
HUDCO	6,446	14,870	0.43	36	134	0.27
ICICIBANK	30,899	52,215	0.59	-539	1,906	-0.28
ICICIGI	3,179	6,088	0.52	-11	104	-0.11
ICICIPRULI	2,525	4,929	0.51	165	30	5.50
IDEA	14,375	24,634	0.58	292	-627	-0.47
IDFCFIRSTB	9,684	12,078	0.80	-29	-73	0.40
IEX	8,132	10,945	0.74	-172	-345	0.50
IIFL	2,681	4,456	0.60	24	110	0.22
INDHOTEL	6,237	9,738	0.64	-43	-215	0.20
INDIANB	4,929	12,102	0.41	107	233	0.46
INDIGO	54,583	96,362	0.57	1,254	-341	-3.68
INDUSINDBK	12,637	18,228	0.69	-157	111	-1.41
INDUSTOWER	8,431	14,315	0.59	-112	-219	0.51
INFY	48,278	71,406	0.68	999	7,368	0.14
INOXWIND	6,659	13,352	0.50	-59	-447	0.13
IOC	7,345	11,508	0.64	-340	-139	2.45
IRCTC	6,977	10,125	0.69	-96	-457	0.21
IREDA	5,236	10,312	0.51	109	18	6.06
IRFC	4,769	9,028	0.53	109	-316	-0.34
ITC	20,182	34,318	0.59	-222	-627	0.35
JINDALSTEL	5,810	9,415	0.62	159	230	0.69
JIOFIN	18,220	25,859	0.70	-34	-838	0.04
JSWENERGY	9,681	15,095	0.64	91	-20	-4.55
JSWSTEEL	11,824	27,838	0.42	12	215	0.06
JUBLFOOD	5,865	9,773	0.60	-182	-515	0.35
KALYANKJIL	4,853	9,234	0.53	89	-173	-0.51
KAYNES	28,681	70,115	0.41	-617	-4,914	0.13
KEI	3,011	3,836	0.78	439	88	4.99
KFINTECH	5,101	5,434	0.94	870	-23	-37.83
KOTAKBANK	17,560	20,968	0.84	-30	-86	0.35
KPITTECH	5,235	6,840	0.77	1,408	38	37.05
LAURUSLABS	6,137	9,647	0.64	882	382	2.31
LICHSGFIN	7,742	9,348	0.83	143	80	1.79
LICI	6,214	12,119	0.51	142	144	0.99
LODHA	4,912	10,491	0.47	40	-439	-0.09
LT	19,067	31,012	0.61	1,526	-602	-2.53
LTF	5,209	8,159	0.64	116	175	0.66
LTIM	5,448	7,637	0.71	710	1,406	0.50
LUPIN	5,571	7,058	0.79	297	408	0.73
M&M	17,092	31,605	0.54	-11	-1,075	0.01
MANAPPURAM	3,880	6,113	0.63	103	-217	-0.47
MANKIND	2,460	4,660	0.53	72	78	0.92
MARICO	3,207	4,801	0.67	41	-76	-0.54
MARUTI	29,831	31,195	0.96	1,741	78	22.32
MAXHEALTH	6,857	10,776	0.64	481	-324	-1.48
MAZDOCK	9,999	22,754	0.44	-123	210	-0.59
MCX	16,092	21,995	0.73	1,342	-316	-4.25
MFSL	2,489	4,500	0.55	89	126	0.71
MOTHERSON	6,540	8,911	0.73	493	19	25.95
MPHASIS	4,082	5,291	0.77	219	14	15.64
MUTHOOTFIN	5,518	10,900	0.51	21	302	0.07
NATIONALUM	6,773	8,544	0.79	-91	306	-0.30
NAUKRI	5,866	7,784	0.75	70	552	0.13
NBCC	3,457	7,579	0.46	76	-1,524	-0.05
NCC	3,793	8,961	0.42	57	-35	-1.63
NESTLEIND	4,361	14,625	0.30	45	357	0.13
NHPC	3,279	6,843	0.48	103	-289	-0.36
NMDC	10,253	14,250	0.72	227	473	0.48
NTPC	14,019	23,328	0.60	-118	92	-1.30
NUVAMA	3,085	7,163	0.43	152	1,321	0.12
NYKAA	3,003	6,974	0.43	193	-177	-1.09
OBEROIRLTY	3,757	5,083	0.74	53	-70	-0.76
OFSS	6,514	11,543	0.56	504	439	1.15
OIL	2,526	4,745	0.53	-49	-37	1.32
ONGC	10,688	26,702	0.40	-56	-4	14.00
PAGEIND	3,583	9,253	0.39	24	694	0.03
PATANJALI	4,651	8,758	0.53	-76	323	-0.24
PAYTM	8,915	12,872	0.69	900	-1,015	-0.89
PERSISTENT	7,204	11,641	0.62	373	635	0.59
PETRONET	8,936	8,171	1.09	-66	-373	0.18
PFC	22,581	33,236	0.68	1,172	-1,530	-0.77
PGEL	7,046	11,378	0.62	-683	-416	1.64
PHOENIXLTD	2,022	3,296	0.61	251	-154	-1.63
PIDILITIND	1,942	2,991	0.65	16	237	0.07
PIIND	3,723	5,758	0.65	-45	122	-0.37
PNB	11,596	20,839	0.56	16	-140	-0.12
PNBHOUSING	7,130	11,346	0.63	237	-581	-0.41
POLICYBZR	6,638	7,607	0.87	790	-767	-1.03
POLYCAB	7,342	8,157	0.90	2,617	398	6.58
POWERGRID	10,791	16,705	0.65	29	-1,163	-0.02
POWERINDIA	4,698	13,221	0.36	600	284	2.11
PPLPHARMA	3,022	7,452	0.41	19	281	0.07
PRESTIGE	2,846	4,180	0.68	100	-136	-0.74
RBLBANK	4,854	8,048	0.60	23	23	1.00
RECLTD	21,485	32,937	0.65	-228	-315	0.72
RELIANCE	51,142	86,075	0.59	1,891	-8,645	-0.22
RVNL	6,118	11,734	0.52	11	-1,227	-0.01
SAIL	6,073	11,574	0.52	86	736	0.12
SAMMAANCAP	8,863	13,187	0.67	-419	-382	1.10
SBICARD	5,108	6,744	0.76	319	-283	-1.13
SBILIFE	5,691	11,239	0.51	184	-280	-0.66
SBIN	39,623	58,031	0.68	-1,708	-244	7.00
SHREECEM	2,539	6,489	0.39	277	614	0.45
SHRIRAMFIN	23,425	27,348	0.86	7,948	4,342	1.83
SIEMENS	8,631	18,874	0.46	-23	-781	0.03
SOLARINDS	4,317	10,859	0.40	128	289	0.44
SONACOMS	2,707	5,021	0.54	143	-584	-0.24
SRF	7,550	8,301	0.91	158	-690	-0.23
SUNPHARMA	9,000	24,108	0.37	432	-2,066	-0.21
SUPREMEIND	4,121	7,237	0.57	-67	234	-0.29
SUZLON	9,989	23,846	0.42	-145	-1,120	0.13
SYNGENE	1,621	3,514	0.46	157	93	1.69
TATACONSUM	5,252	9,858	0.53	98	38	2.58
TATAELXSI	19,447	22,794	0.85	13,953	7,934	1.76
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	18,914	27,365	0.69	-304	-964	0.32
TATASTEEL	14,900	27,537	0.54	11	489	0.02
TATATECH	4,875	7,203	0.68	149	-398	-0.37
TCS	35,591	46,323	0.77	-177	-375	0.47
TECHM	8,738	10,505	0.83	56	412	0.14
TIINDIA	4,972	7,356	0.68	51	-325	-0.16
TITAGARH	2,686	5,621	0.48	-31	17	-1.82
TITAN	14,979	21,832	0.69	1,767	1,182	1.49
TMPV	36,822	76,411	0.48	-3,391	-3,580	0.95
TORNTPHARM	1,266	2,631	0.48	84	142	0.59
TORNTPOWER	1,933	3,177	0.61	93	-336	-0.28
TRENT	25,880	49,859	0.52	-357	-2,256	0.16
TVSMOTOR	9,940	9,073	1.10	855	-403	-2.12
ULTRACEMCO	11,708	20,661	0.57	225	-584	-0.39
UNIONBANK	5,437	8,624	0.63	185	690	0.27
UNITDSPR	8,240	10,068	0.82	50	27	1.85
UNOMINDA	3,041	5,553	0.55	251	183	1.37
UPL	4,922	6,827	0.72	47	-9	-5.22
VBL	9,239	18,998	0.49	-142	342	-0.42
VEDL	41,922	40,494	1.04	-715	694	-1.03
VOLTAS	6,454	11,785	0.55	-295	2,930	-0.10
WIPRO	12,120	14,354	0.84	285	223	1.28
YESBANK	6,313	13,138	0.48	-50	151	-0.33
ZYDUSLIFE	3,544	5,048	0.70	7	255	0.03

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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