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.

PGEL

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.

Pg Electroplast Ltd

572.2 +5.85 (1.03%)

L: 568 H: 575.55

Put-Call Ratio - PGEL

19 Dec 2025 11:23 AM IST

Live

Expiry

Put OI

7,317

Call OI

11,951

PCR

0.61

Put OI Chg

-412

Call OI Chg

157

COI PCR

-2.62

COI Strength

-1.00

Interval

On 9:30 PGEL was trading at 572.1 with pcr value 0.65

On 9:45 PGEL was trading at 573.3 with pcr value 0.65

On 10:00 PGEL was trading at 571.7 with pcr value 0.64

On 10:15 PGEL was trading at 570.3 with pcr value 0.64

On 10:30 PGEL was trading at 571.8 with pcr value 0.64

On 10:45 PGEL was trading at 572.8 with pcr value 0.64

On 11:00 PGEL was trading at 571.5 with pcr value 0.63

On 11:15 PGEL was trading at 572.35 with pcr value 0.61

On 11:24 PGEL was trading at 572.05 with pcr value 0.61

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	2,092	3,607	0.58	7	31	0.23
ABB	5,251	6,941	0.76	-87	-166	0.52
ABCAPITAL	4,618	8,050	0.57	-75	-55	1.36
ADANIENSOL	3,278	6,099	0.54	21	114	0.18
ADANIENT	27,048	45,846	0.59	466	2,126	0.22
ADANIGREEN	9,743	18,156	0.54	-6	-294	0.02
ADANIPORTS	9,326	18,924	0.49	109	295	0.37
ALKEM	1,371	2,097	0.65	136	28	4.86
AMBER	7,200	11,188	0.64	-68	192	-0.35
AMBUJACEM	8,306	11,234	0.74	-5	-231	0.02
ANGELONE	7,922	20,398	0.39	222	-270	-0.82
APLAPOLLO	2,410	2,998	0.80	179	395	0.45
APOLLOHOSP	9,064	18,545	0.49	199	251	0.79
ASHOKLEY	15,002	13,945	1.08	1,559	591	2.64
ASIANPAINT	16,854	34,038	0.50	212	-594	-0.36
ASTRAL	4,357	8,316	0.52	89	283	0.31
AUBANK	6,426	7,983	0.80	-16	155	-0.10
AUROPHARMA	5,211	11,727	0.44	467	1,599	0.29
AXISBANK	21,371	45,686	0.47	-365	-1,769	0.21
BAJAJ-AUTO	14,612	27,518	0.53	375	-997	-0.38
BAJAJFINSV	14,056	20,864	0.67	-28	-389	0.07
BAJFINANCE	22,591	38,163	0.59	-554	-1,607	0.34
BANDHANBNK	7,484	10,916	0.69	-138	-235	0.59
BANKBARODA	11,904	14,169	0.84	-18	-338	0.05
BANKINDIA	3,617	5,013	0.72	-7	10	-0.70
BDL	8,480	22,131	0.38	-36	456	-0.08
BEL	26,341	57,642	0.46	315	-1,780	-0.18
BHARATFORG	4,601	7,527	0.61	269	622	0.43
BHARTIARTL	19,062	41,179	0.46	441	2,123	0.21
BHEL	8,767	19,506	0.45	-28	370	-0.08
BIOCON	6,237	11,272	0.55	188	-478	-0.39
BLUESTARCO	2,012	2,296	0.88	253	444	0.57
BOSCHLTD	1,635	3,834	0.43	29	38	0.76
BPCL	5,483	9,368	0.59	68	-14	-4.86
BRITANNIA	6,285	9,828	0.64	109	-640	-0.17
BSE	17,101	33,088	0.52	93	977	0.10
CAMS	4,787	7,670	0.62	-9	-194	0.05
CANBK	12,308	15,776	0.78	172	678	0.25
CDSL	9,707	23,000	0.42	-1	123	-0.01
CGPOWER	4,473	10,630	0.42	-127	-45	2.82
CHOLAFIN	9,266	9,866	0.94	1,021	573	1.78
CIPLA	10,329	14,581	0.71	401	-453	-0.89
COALINDIA	13,305	13,274	1.00	241	227	1.06
COFORGE	9,219	20,502	0.45	402	831	0.48
COLPAL	7,807	12,387	0.63	-34	-151	0.23
CONCOR	7,791	10,252	0.76	38	73	0.52
CROMPTON	6,833	14,115	0.48	-30	658	-0.05
CUMMINSIND	3,955	6,970	0.57	112	586	0.19
CYIENT	2,346	3,621	0.65	-11	-57	0.19
DABUR	6,467	11,726	0.55	-26	86	-0.30
DALBHARAT	2,816	4,405	0.64	24	26	0.92
DELHIVERY	4,096	6,319	0.65	90	20	4.50
DIVISLAB	9,093	16,432	0.55	2,350	6,812	0.34
DIXON	35,806	71,674	0.50	522	5,045	0.10
DLF	16,716	25,744	0.65	-861	-251	3.43
DMART	7,275	17,302	0.42	-59	-113	0.52
DRREDDY	5,372	10,666	0.50	185	284	0.65
EICHERMOT	11,112	14,984	0.74	556	-28	-19.86
ETERNAL	18,240	35,590	0.51	-405	-677	0.60
EXIDEIND	4,343	6,791	0.64	-12	49	-0.24
FEDERALBNK	8,967	7,868	1.14	683	-22	-31.05
FORTIS	3,691	8,149	0.45	166	122	1.36
GAIL	12,949	19,495	0.66	-199	-548	0.36
GLENMARK	7,301	10,836	0.67	-485	294	-1.65
GMRAIRPORT	10,500	21,511	0.49	-18	633	-0.03
GODREJCP	3,769	5,593	0.67	-13	130	-0.10
GODREJPROP	6,938	11,887	0.58	23	-152	-0.15
GRASIM	9,492	8,655	1.10	80	94	0.85
HAL	28,207	54,045	0.52	-291	-772	0.38
HAVELLS	3,932	5,001	0.79	156	107	1.46
HCLTECH	12,880	24,257	0.53	1,109	3,724	0.30
HDFCAMC	9,281	11,797	0.79	-2,176	179	-12.16
HDFCBANK	43,462	75,583	0.58	672	-1,277	-0.53
HDFCLIFE	7,120	16,139	0.44	34	-197	-0.17
HEROMOTOCO	14,143	32,682	0.43	520	925	0.56
HFCL	4,927	11,598	0.42	-23	44	-0.52
HINDALCO	15,328	20,700	0.74	-306	64	-4.78
HINDPETRO	4,068	6,953	0.59	17	57	0.30
HINDUNILVR	9,671	20,697	0.47	-181	-49	3.69
HINDZINC	26,409	36,746	0.72	-171	1,108	-0.15
HUDCO	6,409	14,817	0.43	-1	81	-0.01
ICICIBANK	31,198	52,301	0.60	-240	1,992	-0.12
ICICIGI	3,115	6,163	0.51	-75	179	-0.42
ICICIPRULI	2,410	4,925	0.49	50	26	1.92
IDEA	14,213	25,124	0.57	130	-137	-0.95
IDFCFIRSTB	9,650	12,294	0.78	-63	143	-0.44
IEX	8,311	11,331	0.73	7	41	0.17
IIFL	2,669	4,434	0.60	12	88	0.14
INDHOTEL	6,314	9,752	0.65	34	-201	-0.16
INDIANB	4,794	12,206	0.39	-28	337	-0.08
INDIGO	53,400	97,702	0.55	71	999	0.07
INDUSINDBK	12,927	18,917	0.68	133	800	0.17
INDUSTOWER	8,432	14,418	0.58	-111	-116	0.96
INFY	50,476	70,043	0.72	3,197	6,005	0.53
INOXWIND	6,716	13,571	0.49	-2	-228	0.01
IOC	7,508	11,767	0.64	-177	120	-1.48
IRCTC	7,042	10,406	0.68	-31	-176	0.18
IREDA	5,124	10,393	0.49	-3	99	-0.03
IRFC	4,708	9,448	0.50	48	104	0.46
ITC	20,449	33,871	0.60	45	-401	-0.11
JINDALSTEL	5,652	9,327	0.61	1	142	0.01
JIOFIN	18,318	26,374	0.69	64	-323	-0.20
JSWENERGY	9,610	15,205	0.63	20	90	0.22
JSWSTEEL	11,713	27,631	0.42	-99	8	-12.38
JUBLFOOD	5,901	10,353	0.57	-146	65	-2.25
KALYANKJIL	4,786	9,423	0.51	22	16	1.38
KAYNES	29,899	76,194	0.39	601	1,165	0.52
KEI	2,643	4,166	0.63	71	418	0.17
KFINTECH	4,264	6,033	0.71	33	576	0.06
KOTAKBANK	17,925	20,946	0.86	335	-108	-3.10
KPITTECH	3,870	6,835	0.57	43	33	1.30
LAURUSLABS	6,396	9,713	0.66	1,141	448	2.55
LICHSGFIN	7,637	9,260	0.82	38	-8	-4.75
LICI	6,096	11,836	0.52	24	-139	-0.17
LODHA	4,934	10,703	0.46	62	-227	-0.27
LT	18,591	30,957	0.60	1,050	-657	-1.60
LTF	5,123	7,965	0.64	30	-19	-1.58
LTIM	5,986	7,793	0.77	1,248	1,562	0.80
LUPIN	5,478	6,656	0.82	204	6	34.00
M&M	17,166	32,614	0.53	63	-66	-0.95
MANAPPURAM	3,696	6,214	0.59	-81	-116	0.70
MANKIND	2,467	4,565	0.54	79	-17	-4.65
MARICO	3,188	5,071	0.63	22	194	0.11
MARUTI	29,061	31,414	0.93	971	297	3.27
MAXHEALTH	6,586	11,667	0.56	210	567	0.37
MAZDOCK	10,163	23,212	0.44	41	668	0.06
MCX	15,988	23,099	0.69	1,238	788	1.57
MFSL	2,419	4,465	0.54	19	91	0.21
MOTHERSON	6,431	8,859	0.73	384	-33	-11.64
MPHASIS	4,044	5,257	0.77	181	-20	-9.05
MUTHOOTFIN	5,492	10,689	0.51	-5	91	-0.05
NATIONALUM	6,871	8,549	0.80	7	311	0.02
NAUKRI	5,827	7,722	0.75	31	490	0.06
NBCC	3,441	8,868	0.39	60	-235	-0.26
NCC	3,748	9,053	0.41	12	57	0.21
NESTLEIND	4,446	14,470	0.31	130	202	0.64
NHPC	3,243	7,186	0.45	67	54	1.24
NMDC	10,154	14,305	0.71	128	528	0.24
NTPC	14,083	23,223	0.61	-54	-13	4.06
NUVAMA	3,111	6,678	0.47	178	836	0.21
NYKAA	2,793	7,225	0.39	-17	74	-0.23
OBEROIRLTY	3,826	5,223	0.73	122	70	1.74
OFSS	6,443	11,854	0.54	433	750	0.58
OIL	2,510	4,732	0.53	-65	-50	1.30
ONGC	10,678	26,786	0.40	-66	80	-0.82
PAGEIND	3,535	9,433	0.37	-24	874	-0.03
PATANJALI	4,860	8,565	0.57	133	130	1.02
PAYTM	8,490	14,002	0.61	475	115	4.13
PERSISTENT	7,360	11,870	0.62	529	864	0.61
PETRONET	9,050	8,361	1.08	48	-183	-0.26
PFC	22,484	33,393	0.67	1,075	-1,373	-0.78
PGEL	7,317	11,951	0.61	-412	157	-2.62
PHOENIXLTD	1,759	3,401	0.52	-12	-49	0.24
PIDILITIND	1,934	2,819	0.69	8	65	0.12
PIIND	3,778	5,656	0.67	10	20	0.50
PNB	11,621	20,931	0.56	41	-48	-0.86
PNBHOUSING	6,907	11,871	0.58	14	-56	-0.25
POLICYBZR	6,325	8,173	0.77	477	-201	-2.37
POLYCAB	6,003	8,539	0.70	1,278	780	1.64
POWERGRID	10,569	17,441	0.61	-193	-427	0.45
POWERINDIA	4,725	14,070	0.34	627	1,133	0.55
PPLPHARMA	2,996	7,261	0.41	-7	90	-0.08
PRESTIGE	2,808	4,243	0.66	62	-73	-0.85
RBLBANK	4,859	7,996	0.61	28	-29	-0.97
RECLTD	21,441	33,068	0.65	-272	-184	1.48
RELIANCE	52,221	87,858	0.59	2,970	-6,862	-0.43
RVNL	6,083	12,696	0.48	-24	-265	0.09
SAIL	5,926	11,520	0.51	-61	682	-0.09
SAMMAANCAP	8,935	13,281	0.67	-347	-288	1.20
SBICARD	4,816	7,146	0.67	27	119	0.23
SBILIFE	5,608	11,457	0.49	101	-62	-1.63
SBIN	40,301	58,328	0.69	-1,030	53	-19.43
SHREECEM	2,645	6,561	0.40	383	686	0.56
SHRIRAMFIN	15,742	24,397	0.65	265	1,391	0.19
SIEMENS	8,902	19,412	0.46	248	-243	-1.02
SOLARINDS	4,196	11,241	0.37	7	671	0.01
SONACOMS	2,607	5,647	0.46	43	42	1.02
SRF	7,420	8,851	0.84	28	-140	-0.20
SUNPHARMA	8,762	24,324	0.36	194	-1,850	-0.11
SUPREMEIND	4,198	7,172	0.59	10	169	0.06
SUZLON	10,170	25,093	0.41	36	127	0.28
SYNGENE	1,602	3,502	0.46	138	81	1.70
TATACONSUM	5,075	9,760	0.52	-79	-60	1.32
TATAELXSI	9,903	19,943	0.50	4,409	5,083	0.87
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,066	27,880	0.68	-152	-449	0.34
TATASTEEL	14,822	27,800	0.53	-67	752	-0.09
TATATECH	4,773	7,577	0.63	47	-24	-1.96
TCS	37,170	46,469	0.80	1,402	-229	-6.12
TECHM	8,800	10,409	0.85	118	316	0.37
TIINDIA	4,937	7,649	0.65	16	-32	-0.50
TITAGARH	2,725	5,718	0.48	8	114	0.07
TITAN	15,051	21,492	0.70	1,839	842	2.18
TMPV	38,189	77,128	0.50	-2,024	-2,863	0.71
TORNTPHARM	1,264	2,489	0.51	82	0	0.00
TORNTPOWER	1,845	3,570	0.52	5	57	0.09
TRENT	26,190	51,011	0.51	-47	-1,104	0.04
TVSMOTOR	9,399	9,076	1.04	314	-400	-0.79
ULTRACEMCO	11,688	21,213	0.55	205	-32	-6.41
UNIONBANK	5,332	8,407	0.63	80	473	0.17
UNITDSPR	8,254	10,277	0.80	64	236	0.27
UNOMINDA	2,801	5,468	0.51	11	98	0.11
UPL	4,884	6,952	0.70	9	116	0.08
VBL	9,301	18,824	0.49	-80	168	-0.48
VEDL	42,037	41,193	1.02	-600	1,393	-0.43
VOLTAS	6,970	10,523	0.66	221	1,668	0.13
WIPRO	12,201	14,568	0.84	366	437	0.84
YESBANK	6,348	13,127	0.48	-15	140	-0.11
ZYDUSLIFE	3,521	4,799	0.73	-16	6	-2.67

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 PGEL

PGEL

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

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