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.

OIL

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.

Oil India Ltd

402.2 -1.35 (-0.33%)

L: 400.05 H: 402.95

Put-Call Ratio - OIL

16 Dec 2025 12:19 PM IST

Live

Expiry

Put OI

2,439

Call OI

4,457

PCR

0.55

Put OI Chg

11

Call OI Chg

126

COI PCR

0.09

COI Strength

-0.84

Interval

On 9:30 OIL was trading at 401 with pcr value 0.56

On 9:45 OIL was trading at 400.3 with pcr value 0.55

On 10:00 OIL was trading at 400.8 with pcr value 0.55

On 10:15 OIL was trading at 401.1 with pcr value 0.56

On 10:30 OIL was trading at 401.25 with pcr value 0.56

On 10:45 OIL was trading at 401.5 with pcr value 0.56

On 11:00 OIL was trading at 402.1 with pcr value 0.56

On 11:15 OIL was trading at 402.3 with pcr value 0.56

On 11:30 OIL was trading at 402 with pcr value 0.56

On 11:45 OIL was trading at 401.95 with pcr value 0.55

On 12:00 OIL was trading at 402.2 with pcr value 0.55

On 12:15 OIL was trading at 402.2 with pcr value 0.55

On 12:20 OIL was trading at 402.2 with pcr value 0.55

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	2,055	3,273	0.63	-20	-7	2.86
ABB	5,404	6,679	0.81	-87	-16	5.44
ABCAPITAL	4,850	7,638	0.63	-66	-119	0.55
ADANIENSOL	3,490	5,535	0.63	-177	198	-0.89
ADANIENT	26,582	44,275	0.60	-612	859	-0.71
ADANIGREEN	11,061	19,648	0.56	13	639	0.02
ADANIPORTS	9,254	17,950	0.52	55	326	0.17
ALKEM	1,238	1,728	0.72	72	10	7.20
AMBER	7,101	10,567	0.67	-24	35	-0.69
AMBUJACEM	8,743	10,710	0.82	-443	211	-2.10
ANGELONE	7,661	17,631	0.43	-67	138	-0.49
APLAPOLLO	2,427	2,852	0.85	-67	15	-4.47
APOLLOHOSP	7,832	15,903	0.49	275	851	0.32
ASHOKLEY	12,298	13,450	0.91	524	993	0.53
ASIANPAINT	17,390	33,642	0.52	41	-1,009	-0.04
ASTRAL	4,657	8,024	0.58	551	284	1.94
AUBANK	6,424	7,548	0.85	-210	-56	3.75
AUROPHARMA	4,444	10,259	0.43	-202	130	-1.55
AXISBANK	19,779	47,975	0.41	5,422	18,703	0.29
BAJAJ-AUTO	14,844	28,646	0.52	465	957	0.49
BAJAJFINSV	13,459	19,638	0.69	100	518	0.19
BAJFINANCE	22,701	39,443	0.58	171	1,342	0.13
BANDHANBNK	7,666	11,442	0.67	-2	-6	0.33
BANKBARODA	12,289	17,072	0.72	172	958	0.18
BANKINDIA	3,350	4,679	0.72	26	56	0.46
BDL	8,926	20,172	0.44	1,388	2,213	0.63
BEL	27,171	61,742	0.44	600	2,033	0.30
BHARATFORG	4,214	6,982	0.60	44	166	0.27
BHARTIARTL	19,899	41,216	0.48	1,034	625	1.65
BHEL	9,078	18,053	0.50	-78	529	-0.15
BIOCON	6,452	12,813	0.50	56	289	0.19
BLUESTARCO	1,326	1,769	0.75	-57	55	-1.04
BOSCHLTD	1,602	3,227	0.50	59	220	0.27
BPCL	5,664	9,155	0.62	34	1,097	0.03
BRITANNIA	6,852	9,405	0.73	1,035	1,769	0.59
BSE	18,269	37,939	0.48	182	4,197	0.04
CAMS	4,347	7,524	0.58	-41	106	-0.39
CANBK	12,175	16,081	0.76	139	453	0.31
CDSL	9,588	21,862	0.44	-33	247	-0.13
CGPOWER	4,716	8,937	0.53	-50	61	-0.82
CHOLAFIN	3,640	5,715	0.64	15	416	0.04
CIPLA	10,083	15,163	0.66	55	405	0.14
COALINDIA	12,555	13,462	0.93	-51	440	-0.12
COFORGE	8,788	21,007	0.42	106	-348	-0.30
COLPAL	6,468	10,588	0.61	42	1,156	0.04
CONCOR	7,732	9,987	0.77	30	145	0.21
CROMPTON	6,412	11,771	0.54	12	57	0.21
CUMMINSIND	3,587	4,513	0.79	63	127	0.50
CYIENT	1,990	2,932	0.68	-1	10	-0.10
DABUR	5,726	11,140	0.51	506	793	0.64
DALBHARAT	2,886	3,845	0.75	-223	-444	0.50
DELHIVERY	3,849	6,164	0.62	15	395	0.04
DIVISLAB	6,521	9,127	0.71	-21	41	-0.51
DIXON	36,597	62,904	0.58	-695	3,566	-0.19
DLF	16,581	26,098	0.64	-82	413	-0.20
DMART	7,794	15,246	0.51	675	2,382	0.28
DRREDDY	5,464	10,829	0.50	-127	-10	12.70
EICHERMOT	11,449	16,123	0.71	329	169	1.95
ETERNAL	18,749	35,680	0.53	1,140	7,333	0.16
EXIDEIND	4,008	5,735	0.70	-1	186	-0.01
FEDERALBNK	8,271	8,085	1.02	-506	226	-2.24
FORTIS	3,643	9,224	0.39	39	-213	-0.18
GAIL	13,403	20,762	0.65	-65	169	-0.38
GLENMARK	8,000	10,729	0.75	149	296	0.50
GMRAIRPORT	10,918	19,218	0.57	-47	782	-0.06
GODREJCP	4,405	6,245	0.71	1,312	2,260	0.58
GODREJPROP	6,722	11,367	0.59	84	404	0.21
GRASIM	9,558	8,438	1.13	3	-120	-0.03
HAL	27,905	56,332	0.50	134	3,510	0.04
HAVELLS	3,604	4,676	0.77	36	-28	-1.29
HCLTECH	11,378	20,083	0.57	-122	795	-0.15
HDFCAMC	4,611	6,241	0.74	290	546	0.53
HDFCBANK	42,676	65,231	0.65	1,337	1,508	0.89
HDFCLIFE	7,822	18,312	0.43	197	835	0.24
HEROMOTOCO	13,153	18,376	0.72	398	126	3.16
HFCL	4,930	12,225	0.40	25	-163	-0.15
HINDALCO	15,684	21,292	0.74	-1,260	-26	48.46
HINDPETRO	3,870	6,606	0.59	-161	207	-0.78
HINDUNILVR	10,254	19,894	0.52	-443	-255	1.74
HINDZINC	24,646	35,568	0.69	-1,072	601	-1.78
HUDCO	6,304	14,304	0.44	39	174	0.22
ICICIBANK	31,946	50,609	0.63	785	713	1.10
ICICIGI	3,132	5,543	0.57	-31	6	-5.17
ICICIPRULI	2,456	4,819	0.51	44	234	0.19
IDEA	15,397	26,529	0.58	293	-361	-0.81
IDFCFIRSTB	9,968	12,543	0.79	-16	-66	0.24
IEX	8,399	11,672	0.72	-45	-236	0.19
IIFL	2,626	4,624	0.57	0	427	0.00
INDHOTEL	5,807	8,998	0.65	92	546	0.17
INDIANB	4,859	12,147	0.40	93	777	0.12
INDIGO	52,747	1,10,426	0.48	-81	-2,350	0.03
INDUSINDBK	12,488	18,443	0.68	111	721	0.15
INDUSTOWER	8,845	15,756	0.56	-73	-60	1.22
INFY	38,586	61,653	0.63	-1,955	583	-3.35
INOXWIND	7,124	13,988	0.51	-109	128	-0.85
IOC	7,415	12,749	0.58	664	1,557	0.43
IRCTC	7,324	11,161	0.66	91	96	0.95
IREDA	4,969	10,162	0.49	55	-150	-0.37
IRFC	4,460	9,413	0.47	-11	257	-0.04
ITC	23,539	34,306	0.69	-1,378	73	-18.88
JINDALSTEL	5,567	8,801	0.63	126	772	0.16
JIOFIN	17,969	25,606	0.70	-181	961	-0.19
JSWENERGY	10,530	15,726	0.67	-504	329	-1.53
JSWSTEEL	14,155	28,185	0.50	-165	1,046	-0.16
JUBLFOOD	6,461	9,067	0.71	477	998	0.48
KALYANKJIL	4,781	8,926	0.54	42	205	0.20
KAYNES	31,312	77,916	0.40	395	669	0.59
KEI	2,165	3,507	0.62	-74	17	-4.35
KFINTECH	4,231	6,777	0.62	168	22	7.64
KOTAKBANK	18,857	21,175	0.89	413	391	1.06
KPITTECH	3,486	6,249	0.56	127	693	0.18
LAURUSLABS	5,228	10,080	0.52	3	539	0.01
LICHSGFIN	7,564	10,116	0.75	-35	183	-0.19
LICI	6,524	12,281	0.53	36	521	0.07
LODHA	4,403	10,342	0.43	-207	367	-0.56
LT	18,613	32,611	0.57	-654	227	-2.88
LTF	5,014	8,046	0.62	-12	-35	0.34
LTIM	4,442	5,665	0.78	-25	14	-1.79
LUPIN	5,127	6,835	0.75	14	274	0.05
M&M	17,754	33,003	0.54	329	-676	-0.49
MANAPPURAM	3,793	5,342	0.71	-70	-104	0.67
MANKIND	2,378	4,796	0.50	21	316	0.07
MARICO	3,189	5,011	0.64	470	795	0.59
MARUTI	31,099	31,164	1.00	-548	-446	1.23
MAXHEALTH	5,095	10,119	0.50	18	268	0.07
MAZDOCK	10,198	22,233	0.46	226	914	0.25
MCX	15,291	23,194	0.66	640	1,071	0.60
MFSL	2,498	4,399	0.57	116	311	0.37
MOTHERSON	7,583	9,271	0.82	-12	-107	0.11
MPHASIS	3,525	4,874	0.72	-209	81	-2.58
MUTHOOTFIN	6,376	12,016	0.53	33	24	1.38
NATIONALUM	6,709	7,904	0.85	-217	-78	2.78
NAUKRI	5,960	7,363	0.81	69	241	0.29
NBCC	3,307	6,855	0.48	-148	205	-0.72
NCC	3,851	8,811	0.44	70	119	0.59
NESTLEIND	4,407	13,836	0.32	265	34	7.79
NHPC	3,219	7,058	0.46	21	273	0.08
NMDC	10,039	12,781	0.79	-376	-53	7.08
NTPC	13,933	22,631	0.62	-682	571	-1.20
NUVAMA	2,173	4,117	0.53	75	67	1.12
NYKAA	2,600	6,918	0.38	43	383	0.11
OBEROIRLTY	3,525	5,665	0.62	-59	-34	1.74
OFSS	7,040	9,536	0.74	-775	533	-1.45
OIL	2,439	4,457	0.55	11	126	0.09
ONGC	11,019	26,037	0.42	-533	165	-3.23
PAGEIND	3,478	7,628	0.46	9	162	0.06
PATANJALI	3,906	8,646	0.45	51	20	2.55
PAYTM	7,550	12,431	0.61	-106	587	-0.18
PERSISTENT	6,460	10,740	0.60	-154	306	-0.50
PETRONET	8,622	8,433	1.02	-8	66	-0.12
PFC	20,824	36,591	0.57	233	2,639	0.09
PGEL	7,850	12,458	0.63	-173	529	-0.33
PHOENIXLTD	1,679	3,380	0.50	-131	22	-5.95
PIDILITIND	2,020	2,641	0.76	30	10	3.00
PIIND	3,622	5,917	0.61	-17	-38	0.45
PNB	11,503	22,335	0.52	97	701	0.14
PNBHOUSING	7,291	11,698	0.62	-103	-290	0.36
POLICYBZR	6,214	8,663	0.72	1,204	2,094	0.57
POLYCAB	4,084	6,062	0.67	9	367	0.02
POWERGRID	10,873	17,463	0.62	5	230	0.02
POWERINDIA	4,150	10,773	0.39	-52	54	-0.96
PPLPHARMA	2,828	7,270	0.39	66	353	0.19
PRESTIGE	2,695	4,086	0.66	0	219	0.00
RBLBANK	4,825	7,767	0.62	157	395	0.40
RECLTD	21,873	34,233	0.64	186	1,078	0.17
RELIANCE	49,137	98,334	0.50	-1,019	3,114	-0.33
RVNL	6,291	12,232	0.51	-58	414	-0.14
SAIL	5,920	10,740	0.55	91	646	0.14
SAMMAANCAP	6,521	12,106	0.54	285	342	0.83
SBICARD	4,750	7,408	0.64	207	678	0.31
SBILIFE	6,680	11,856	0.56	545	166	3.28
SBIN	40,045	66,827	0.60	-231	2,112	-0.11
SHREECEM	2,227	4,511	0.49	291	1,066	0.27
SHRIRAMFIN	12,648	21,156	0.60	121	79	1.53
SIEMENS	9,257	18,065	0.51	-377	276	-1.37
SOLARINDS	3,840	10,244	0.37	-4	586	-0.01
SONACOMS	2,571	5,768	0.45	-23	171	-0.13
SRF	7,140	9,810	0.73	383	972	0.39
SUNPHARMA	6,375	19,373	0.33	-580	-512	1.13
SUPREMEIND	5,342	8,871	0.60	1,536	1,164	1.32
SUZLON	10,546	23,859	0.44	214	410	0.52
SYNGENE	1,513	2,761	0.55	-53	-44	1.20
TATACONSUM	5,206	10,686	0.49	343	979	0.35
TATAELXSI	5,569	14,776	0.38	-30	333	-0.09
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,453	26,736	0.73	-45	604	-0.07
TATASTEEL	15,536	26,531	0.59	-834	523	-1.59
TATATECH	4,657	7,488	0.62	53	63	0.84
TCS	37,450	49,458	0.76	-974	1,388	-0.70
TECHM	7,438	9,595	0.78	32	18	1.78
TIINDIA	4,693	7,833	0.60	-40	315	-0.13
TITAGARH	2,616	5,154	0.51	48	142	0.34
TITAN	12,978	21,087	0.62	941	452	2.08
TMPV	40,649	87,758	0.46	555	321	1.73
TORNTPHARM	1,152	2,627	0.44	25	167	0.15
TORNTPOWER	2,020	2,979	0.68	-55	189	-0.29
TRENT	26,692	50,512	0.53	171	1,436	0.12
TVSMOTOR	9,594	9,638	1.00	206	113	1.82
ULTRACEMCO	11,235	17,919	0.63	-274	709	-0.39
UNIONBANK	5,650	8,308	0.68	-29	62	-0.47
UNITDSPR	6,509	8,536	0.76	-21	-39	0.54
UNOMINDA	2,866	5,193	0.55	194	205	0.95
UPL	4,717	6,723	0.70	-114	88	-1.30
VBL	10,088	23,223	0.43	317	457	0.69
VEDL	29,956	36,412	0.82	1,607	2,682	0.60
VOLTAS	6,414	7,763	0.83	-105	224	-0.47
WIPRO	10,822	13,732	0.79	-162	-185	0.88
YESBANK	6,429	13,387	0.48	13	361	0.04
ZYDUSLIFE	3,342	4,814	0.69	49	357	0.14

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 OIL

OIL

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

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