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.

PFC

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.

Power Fin Corp Ltd.

341 -2.85 (-0.83%)

L: 340.45 H: 344.5

Put-Call Ratio - PFC

11 Dec 2025 02:42 PM IST

Live

Expiry

Put OI

20,218

Call OI

32,345

PCR

0.63

Put OI Chg

309

Call OI Chg

1,127

COI PCR

0.27

COI Strength

-0.57

Interval

On 9:30 PFC was trading at 343.5 with pcr value 0.64

On 9:45 PFC was trading at 341.5 with pcr value 0.64

On 10:00 PFC was trading at 342.55 with pcr value 0.64

On 10:15 PFC was trading at 342.3 with pcr value 0.64

On 10:30 PFC was trading at 343.6 with pcr value 0.64

On 10:45 PFC was trading at 343.15 with pcr value 0.63

On 11:00 PFC was trading at 343.4 with pcr value 0.63

On 11:15 PFC was trading at 341.95 with pcr value 0.63

On 11:30 PFC was trading at 342.25 with pcr value 0.63

On 11:45 PFC was trading at 341.1 with pcr value 0.62

On 12:00 PFC was trading at 341.6 with pcr value 0.63

On 12:15 PFC was trading at 342.35 with pcr value 0.63

On 12:30 PFC was trading at 342.75 with pcr value 0.63

On 12:45 PFC was trading at 342.65 with pcr value 0.63

On 13:00 PFC was trading at 342.3 with pcr value 0.63

On 13:15 PFC was trading at 341 with pcr value 0.63

On 13:30 PFC was trading at 341.5 with pcr value 0.63

On 13:45 PFC was trading at 341.8 with pcr value 0.62

On 14:00 PFC was trading at 341.3 with pcr value 0.62

On 14:15 PFC was trading at 341.35 with pcr value 0.63

On 14:30 PFC was trading at 341.7 with pcr value 0.63

On 14:43 PFC was trading at 341.35 with pcr value 0.63

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	1,641	3,071	0.53	-48	-22	2.18
ABB	5,106	6,768	0.75	148	502	0.29
ABCAPITAL	4,942	7,743	0.64	321	350	0.92
ADANIENSOL	3,392	5,423	0.63	37	-164	-0.23
ADANIENT	27,732	42,669	0.65	1,121	-2,613	-0.43
ADANIGREEN	11,320	20,850	0.54	980	-831	-1.18
ADANIPORTS	9,840	18,233	0.54	128	-997	-0.13
ALKEM	1,140	1,790	0.64	66	38	1.74
AMBER	6,950	11,460	0.61	52	-399	-0.13
AMBUJACEM	9,136	12,191	0.75	-211	274	-0.77
ANGELONE	8,146	17,636	0.46	-273	-1,635	0.17
APLAPOLLO	2,426	2,699	0.90	426	-89	-4.79
APOLLOHOSP	7,381	15,450	0.48	574	945	0.61
ASHOKLEY	9,887	12,476	0.79	244	-184	-1.33
ASIANPAINT	17,287	30,023	0.58	361	1,680	0.21
ASTRAL	4,257	7,885	0.54	186	319	0.58
AUBANK	6,401	7,919	0.81	-701	148	-4.74
AUROPHARMA	4,441	10,396	0.43	48	6	8.00
AXISBANK	14,080	29,633	0.48	-109	-27	4.04
BAJAJ-AUTO	14,589	24,999	0.58	-184	-1,061	0.17
BAJAJFINSV	13,406	19,383	0.69	-87	-208	0.42
BAJFINANCE	22,467	37,315	0.60	811	2,351	0.34
BANDHANBNK	8,402	12,370	0.68	-59	-92	0.64
BANKBARODA	12,444	14,857	0.84	-110	360	-0.31
BANKINDIA	3,261	4,593	0.71	121	-76	-1.59
BDL	7,527	16,938	0.44	-330	-475	0.69
BEL	26,173	57,070	0.46	105	-23	-4.57
BHARATFORG	4,039	6,290	0.64	147	-95	-1.55
BHARTIARTL	18,455	40,408	0.46	554	2,111	0.26
BHEL	9,475	18,659	0.51	38	-343	-0.11
BIOCON	6,624	13,401	0.49	138	28	4.93
BLUESTARCO	881	1,304	0.68	88	-84	-1.05
BOSCHLTD	1,496	2,542	0.59	15	-321	-0.05
BPCL	5,032	7,610	0.66	264	405	0.65
BRITANNIA	4,583	7,421	0.62	-61	-32	1.91
BSE	17,645	30,086	0.59	484	-2,266	-0.21
CAMS	4,398	7,916	0.56	-34	-154	0.22
CANBK	12,121	15,568	0.78	160	-430	-0.37
CDSL	10,085	20,413	0.49	-1	-1,471	0.00
CGPOWER	4,771	8,789	0.54	-97	-25	3.88
CHOLAFIN	3,400	5,389	0.63	24	22	1.09
CIPLA	10,737	15,151	0.71	-66	-399	0.17
COALINDIA	12,635	11,478	1.10	151	-662	-0.23
COFORGE	8,572	21,956	0.39	-219	946	-0.23
COLPAL	6,613	8,905	0.74	-118	69	-1.71
CONCOR	7,092	9,488	0.75	-126	117	-1.08
CROMPTON	6,447	11,111	0.58	113	45	2.51
CUMMINSIND	3,610	4,323	0.84	194	-75	-2.59
CYIENT	1,882	2,724	0.69	9	-44	-0.20
DABUR	4,718	8,915	0.53	48	372	0.13
DALBHARAT	1,787	2,801	0.64	29	-143	-0.20
DELHIVERY	3,935	5,708	0.69	6	-35	-0.17
DIVISLAB	6,745	8,902	0.76	427	-294	-1.45
DIXON	34,829	72,584	0.48	5,277	2,328	2.27
DLF	16,376	24,071	0.68	36	-664	-0.05
DMART	7,539	13,060	0.58	603	440	1.37
DRREDDY	5,655	11,010	0.51	775	319	2.43
EICHERMOT	11,300	14,109	0.80	712	1,136	0.63
ETERNAL	18,031	31,022	0.58	293	-1,244	-0.24
EXIDEIND	3,896	5,085	0.77	-37	-40	0.93
FEDERALBNK	7,837	8,215	0.95	704	-79	-8.91
FORTIS	3,504	9,153	0.38	68	81	0.84
GAIL	12,867	19,569	0.66	-124	-92	1.35
GLENMARK	8,371	11,528	0.73	-343	136	-2.52
GMRAIRPORT	9,978	18,862	0.53	178	660	0.27
GODREJCP	2,899	4,030	0.72	11	-150	-0.07
GODREJPROP	6,978	11,971	0.58	-117	-184	0.64
GRASIM	8,803	9,036	0.97	314	-645	-0.49
HAL	27,746	52,716	0.53	-397	-1,262	0.31
HAVELLS	3,878	5,126	0.76	-6	122	-0.05
HCLTECH	11,694	19,205	0.61	-131	565	-0.23
HDFCAMC	4,138	5,233	0.79	-158	-251	0.63
HDFCBANK	41,550	61,101	0.68	-659	-6,783	0.10
HDFCLIFE	7,009	15,174	0.46	221	738	0.30
HEROMOTOCO	11,953	16,418	0.73	136	-850	-0.16
HFCL	4,444	10,103	0.44	4	-451	-0.01
HINDALCO	15,261	20,259	0.75	124	53	2.34
HINDPETRO	4,150	6,406	0.65	100	92	1.09
HINDUNILVR	7,126	15,994	0.45	74	34	2.18
HINDZINC	12,006	18,667	0.64	1,386	1,468	0.94
HUDCO	6,252	13,067	0.48	-191	-243	0.79
ICICIBANK	30,871	48,038	0.64	493	1,918	0.26
ICICIGI	3,223	5,014	0.64	78	-6	-13.00
ICICIPRULI	2,336	4,368	0.53	-235	49	-4.80
IDEA	15,300	26,921	0.57	425	-643	-0.66
IDFCFIRSTB	8,785	14,195	0.62	121	576	0.21
IEX	8,576	11,892	0.72	94	-139	-0.68
IIFL	2,495	3,859	0.65	-5	107	-0.05
INDHOTEL	5,726	8,556	0.67	166	-54	-3.03
INDIANB	4,674	10,833	0.43	-70	67	-1.04
INDIGO	56,584	1,18,779	0.48	2,102	6,932	0.30
INDUSINDBK	12,688	18,182	0.70	217	-225	-0.96
INDUSTOWER	8,292	13,470	0.62	-89	187	-0.48
INFY	37,171	58,737	0.63	-872	-393	2.22
INOXWIND	7,114	14,336	0.50	105	-615	-0.17
IOC	6,176	11,410	0.54	155	725	0.21
IRCTC	7,166	11,187	0.64	69	-140	-0.49
IREDA	5,067	10,646	0.48	-96	-190	0.51
IRFC	4,484	8,850	0.51	73	-11	-6.64
ITC	24,648	32,668	0.75	206	232	0.89
JINDALSTEL	5,438	8,040	0.68	12	93	0.13
JIOFIN	18,757	25,457	0.74	-116	-1,623	0.07
JSWENERGY	10,274	18,547	0.55	-261	-463	0.56
JSWSTEEL	14,431	27,758	0.52	-40	-389	0.10
JUBLFOOD	3,889	5,817	0.67	-117	-266	0.44
KALYANKJIL	4,628	8,803	0.53	319	-122	-2.61
KAYNES	30,697	81,626	0.38	1,360	3,242	0.42
KEI	1,638	3,059	0.54	37	-191	-0.19
KFINTECH	4,460	6,062	0.74	340	-101	-3.37
KOTAKBANK	21,333	21,790	0.98	6,486	3,124	2.08
KPITTECH	3,171	4,973	0.64	183	-567	-0.32
LAURUSLABS	5,078	8,891	0.57	218	-129	-1.69
LICHSGFIN	7,455	9,220	0.81	-58	87	-0.67
LICI	6,271	10,272	0.61	46	12	3.83
LODHA	4,624	10,292	0.45	-15	58	-0.26
LT	17,779	31,022	0.57	54	400	0.14
LTF	5,173	7,870	0.66	11	-58	-0.19
LTIM	4,680	6,028	0.78	-192	8	-24.00
LUPIN	4,923	6,379	0.77	198	-397	-0.50
M&M	16,407	27,604	0.59	-6	136	-0.04
MANAPPURAM	3,472	5,569	0.62	45	-60	-0.75
MANKIND	2,193	4,258	0.52	-19	159	-0.12
MARICO	2,678	3,903	0.69	-123	-269	0.46
MARUTI	24,583	30,293	0.81	4,303	534	8.06
MAXHEALTH	5,504	10,123	0.54	56	42	1.33
MAZDOCK	9,766	19,524	0.50	-184	-274	0.67
MCX	14,866	23,359	0.64	-112	761	-0.15
MFSL	2,462	4,205	0.59	12	-160	-0.07
MOTHERSON	6,449	9,966	0.65	513	559	0.92
MPHASIS	3,640	4,609	0.79	29	-38	-0.76
MUTHOOTFIN	4,806	9,911	0.48	176	214	0.82
NATIONALUM	6,025	8,206	0.73	47	235	0.20
NAUKRI	5,745	8,393	0.68	183	365	0.50
NBCC	3,209	6,688	0.48	71	164	0.43
NCC	3,576	7,127	0.50	102	20	5.10
NESTLEIND	4,460	15,246	0.29	-50	-114	0.44
NHPC	3,181	6,956	0.46	12	-422	-0.03
NMDC	9,964	12,708	0.78	-147	-555	0.26
NTPC	14,210	22,648	0.63	52	-381	-0.13
NUVAMA	2,233	4,260	0.52	73	63	1.16
NYKAA	2,719	6,584	0.41	49	190	0.26
OBEROIRLTY	3,958	5,679	0.70	-19	-349	0.05
OFSS	10,152	8,361	1.21	4,373	-380	-11.51
OIL	2,495	4,058	0.61	-12	-219	0.05
ONGC	8,368	19,069	0.44	-38	-155	0.25
PAGEIND	3,353	6,767	0.50	-110	-167	0.66
PATANJALI	3,647	7,967	0.46	194	192	1.01
PAYTM	7,867	12,286	0.64	-253	-335	0.76
PERSISTENT	6,286	9,836	0.64	745	205	3.63
PETRONET	8,490	7,999	1.06	-6	-65	0.09
PFC	20,218	32,345	0.63	309	1,127	0.27
PGEL	8,307	12,860	0.65	-131	2	-65.50
PHOENIXLTD	1,432	2,800	0.51	-7	-7	1.00
PIDILITIND	1,931	2,552	0.76	-19	-36	0.53
PIIND	2,568	3,756	0.68	-52	-107	0.49
PNB	11,553	21,884	0.53	-88	291	-0.30
PNBHOUSING	4,055	4,997	0.81	45	-156	-0.29
POLICYBZR	4,672	5,670	0.82	6	-101	-0.06
POLYCAB	4,118	5,878	0.70	127	-110	-1.15
POWERGRID	10,637	15,764	0.67	207	447	0.46
POWERINDIA	4,393	12,068	0.36	-150	463	-0.32
PPLPHARMA	2,517	6,090	0.41	-13	58	-0.22
PRESTIGE	2,951	3,605	0.82	120	-78	-1.54
RBLBANK	4,519	6,895	0.66	307	108	2.84
RECLTD	21,156	31,151	0.68	-31	274	-0.11
RELIANCE	51,364	96,292	0.53	860	2,636	0.33
RVNL	6,544	12,299	0.53	-36	-96	0.38
SAIL	5,755	9,946	0.58	85	31	2.74
SAMMAANCAP	5,937	9,000	0.66	-2	-11	0.18
SBICARD	4,593	7,036	0.65	-11	-244	0.05
SBILIFE	5,164	10,055	0.51	331	1,323	0.25
SBIN	39,647	65,010	0.61	-1,083	-1,278	0.85
SHREECEM	1,511	2,823	0.54	246	-127	-1.94
SHRIRAMFIN	12,155	17,811	0.68	-109	-203	0.54
SIEMENS	5,810	12,709	0.46	357	619	0.58
SOLARINDS	3,529	8,031	0.44	-23	168	-0.14
SONACOMS	2,660	5,529	0.48	300	-167	-1.80
SRF	6,734	10,062	0.67	784	-157	-4.99
SUNPHARMA	6,554	15,212	0.43	-236	-1,189	0.20
SUPREMEIND	3,730	7,005	0.53	435	712	0.61
SUZLON	9,811	23,038	0.43	151	32	4.72
SYNGENE	1,633	2,613	0.62	-7	61	-0.11
TATACONSUM	4,546	8,657	0.53	-40	-19	2.11
TATAELXSI	5,445	14,806	0.37	204	-496	-0.41
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,736	25,797	0.77	-167	-19	8.79
TATASTEEL	15,806	31,734	0.50	358	-1,851	-0.19
TATATECH	4,700	7,461	0.63	35	-232	-0.15
TCS	37,879	49,121	0.77	1,582	2,220	0.71
TECHM	7,155	9,200	0.78	-277	-249	1.11
TIINDIA	4,761	7,416	0.64	214	-123	-1.74
TITAGARH	2,520	5,479	0.46	-8	-132	0.06
TITAN	12,243	20,639	0.59	708	518	1.37
TMPV	39,727	86,260	0.46	331	-2,344	-0.14
TORNTPHARM	1,184	2,342	0.51	-23	127	-0.18
TORNTPOWER	2,096	2,829	0.74	220	-140	-1.57
TRENT	26,764	48,799	0.55	1,461	3,699	0.39
TVSMOTOR	9,336	9,793	0.95	-44	-154	0.29
ULTRACEMCO	10,620	18,676	0.57	256	-146	-1.75
UNIONBANK	5,685	9,261	0.61	66	-26	-2.54
UNITDSPR	6,381	8,436	0.76	41	54	0.76
UNOMINDA	2,738	4,973	0.55	-97	-30	3.23
UPL	4,083	5,532	0.74	113	-150	-0.75
VBL	9,006	22,261	0.40	-1	150	-0.01
VEDL	22,158	32,791	0.68	1,157	-450	-2.57
VOLTAS	6,805	7,772	0.88	-127	-180	0.71
WIPRO	11,083	13,777	0.80	133	-321	-0.41
YESBANK	6,270	12,211	0.51	69	-27	-2.56
ZYDUSLIFE	3,300	4,386	0.75	20	142	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.

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