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.

PIDILITIND

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.

Pidilite Industries Ltd

1453.7 +2.10 (0.14%)

L: 1449.8 H: 1457.9

Put-Call Ratio - PIDILITIND

19 Dec 2025 09:24 AM IST

Live

Expiry

Put OI

1,929

Call OI

2,761

PCR

0.70

Put OI Chg

3

Call OI Chg

7

COI PCR

0.43

COI Strength

-0.40

Interval

On 9:25 PIDILITIND was trading at 1453.5 with pcr value 0.7

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	2,072	3,609	0.57	-13	33	-0.39
ABB	5,345	7,125	0.75	7	18	0.39
ABCAPITAL	4,673	8,108	0.58	-20	3	-6.67
ADANIENSOL	3,260	6,020	0.54	3	35	0.09
ADANIENT	26,501	43,862	0.60	-81	142	-0.57
ADANIGREEN	9,726	18,415	0.53	-23	-35	0.66
ADANIPORTS	9,234	18,884	0.49	17	255	0.07
ALKEM	1,287	2,064	0.62	52	-5	-10.40
AMBER	7,254	11,076	0.65	-14	80	-0.17
AMBUJACEM	8,286	11,517	0.72	-25	52	-0.48
ANGELONE	7,717	20,877	0.37	17	209	0.08
APLAPOLLO	2,251	2,665	0.84	20	62	0.32
APOLLOHOSP	8,898	18,009	0.49	33	-285	-0.12
ASHOKLEY	13,585	13,405	1.01	142	51	2.78
ASIANPAINT	16,676	34,804	0.48	34	172	0.20
ASTRAL	4,275	8,038	0.53	7	5	1.40
AUBANK	6,442	7,906	0.81	0	78	0.00
AUROPHARMA	4,745	10,041	0.47	1	-87	-0.01
AXISBANK	21,729	47,344	0.46	-7	-111	0.06
BAJAJ-AUTO	14,221	28,349	0.50	-16	-166	0.10
BAJAJFINSV	14,075	21,194	0.66	-9	-59	0.15
BAJFINANCE	23,083	39,784	0.58	-62	14	-4.43
BANDHANBNK	7,578	11,173	0.68	-44	22	-2.00
BANKBARODA	11,957	14,430	0.83	35	-77	-0.45
BANKINDIA	3,624	5,006	0.72	0	3	0.00
BDL	8,553	21,590	0.40	37	-85	-0.44
BEL	26,031	59,301	0.44	5	-121	-0.04
BHARATFORG	4,400	6,816	0.65	68	-89	-0.76
BHARTIARTL	18,740	39,239	0.48	119	183	0.65
BHEL	8,801	19,166	0.46	6	30	0.20
BIOCON	6,087	11,699	0.52	38	-51	-0.75
BLUESTARCO	1,761	1,842	0.96	2	-10	-0.20
BOSCHLTD	1,606	3,804	0.42	0	8	0.00
BPCL	5,417	9,430	0.57	2	48	0.04
BRITANNIA	6,144	10,502	0.59	-32	34	-0.94
BSE	17,066	32,225	0.53	58	114	0.51
CAMS	4,808	7,756	0.62	12	-108	-0.11
CANBK	12,231	15,110	0.81	95	12	7.92
CDSL	9,707	22,849	0.42	-1	-28	0.04
CGPOWER	4,624	10,728	0.43	24	53	0.45
CHOLAFIN	8,355	9,309	0.90	110	16	6.88
CIPLA	10,328	14,633	0.71	400	-401	-1.00
COALINDIA	13,107	13,020	1.01	43	-27	-1.59
COFORGE	8,987	20,255	0.44	170	584	0.29
COLPAL	7,849	12,624	0.62	8	86	0.09
CONCOR	7,771	10,192	0.76	18	13	1.38
CROMPTON	6,852	13,574	0.50	-11	117	-0.09
CUMMINSIND	3,857	6,413	0.60	14	29	0.48
CYIENT	2,364	3,660	0.65	7	-18	-0.39
DABUR	6,500	11,669	0.56	7	29	0.24
DALBHARAT	2,796	4,424	0.63	4	45	0.09
DELHIVERY	4,006	6,299	0.64	0	0	0.00
DIVISLAB	6,909	9,678	0.71	166	58	2.86
DIXON	35,510	67,762	0.52	226	1,133	0.20
DLF	17,355	26,001	0.67	-222	6	-37.00
DMART	7,347	17,555	0.42	13	140	0.09
DRREDDY	5,315	10,612	0.50	128	230	0.56
EICHERMOT	10,651	15,088	0.71	95	76	1.25
ETERNAL	18,679	35,942	0.52	34	-325	-0.10
EXIDEIND	4,340	6,767	0.64	-15	25	-0.60
FEDERALBNK	8,446	7,903	1.07	162	13	12.46
FORTIS	3,597	8,031	0.45	72	4	18.00
GAIL	13,148	20,087	0.65	0	44	0.00
GLENMARK	7,605	10,410	0.73	-181	-132	1.37
GMRAIRPORT	10,498	21,179	0.50	-20	301	-0.07
GODREJCP	3,769	5,482	0.69	-13	19	-0.68
GODREJPROP	6,920	11,958	0.58	5	-81	-0.06
GRASIM	9,417	8,563	1.10	5	2	2.50
HAL	28,545	55,084	0.52	47	267	0.18
HAVELLS	3,881	4,899	0.79	105	5	21.00
HCLTECH	12,095	21,069	0.57	324	536	0.60
HDFCAMC	11,297	11,241	1.00	-160	-377	0.42
HDFCBANK	43,069	78,078	0.55	279	1,218	0.23
HDFCLIFE	7,056	16,327	0.43	-30	-9	3.33
HEROMOTOCO	13,777	31,813	0.43	154	56	2.75
HFCL	4,957	11,559	0.43	7	5	1.40
HINDALCO	15,660	20,470	0.77	26	-166	-0.16
HINDPETRO	4,054	6,936	0.58	3	40	0.07
HINDUNILVR	9,836	20,610	0.48	-16	-136	0.12
HINDZINC	25,689	35,946	0.71	-677	308	-2.20
HUDCO	6,424	14,721	0.44	14	-15	-0.93
ICICIBANK	31,251	50,658	0.62	-187	349	-0.54
ICICIGI	3,200	5,977	0.54	10	-7	-1.43
ICICIPRULI	2,370	4,931	0.48	10	32	0.31
IDEA	14,074	25,616	0.55	-9	355	-0.03
IDFCFIRSTB	9,724	12,158	0.80	11	7	1.57
IEX	8,302	11,314	0.73	-2	24	-0.08
IIFL	2,670	4,399	0.61	13	53	0.25
INDHOTEL	6,359	9,624	0.66	79	-329	-0.24
INDIANB	4,823	11,831	0.41	1	-38	-0.03
INDIGO	53,735	97,148	0.55	406	445	0.91
INDUSINDBK	12,798	18,189	0.70	4	72	0.06
INDUSTOWER	8,542	14,659	0.58	-1	125	-0.01
INFY	48,073	69,521	0.69	794	5,483	0.14
INOXWIND	6,713	13,801	0.49	-5	2	-2.50
IOC	7,579	11,730	0.65	-106	83	-1.28
IRCTC	7,081	10,589	0.67	8	7	1.14
IREDA	5,128	10,314	0.50	1	20	0.05
IRFC	4,660	9,394	0.50	0	50	0.00
ITC	20,361	32,756	0.62	-43	-42	1.02
JINDALSTEL	5,636	9,194	0.61	-15	9	-1.67
JIOFIN	18,262	26,451	0.69	8	-246	-0.03
JSWENERGY	9,602	15,169	0.63	12	54	0.22
JSWSTEEL	11,744	27,838	0.42	-68	215	-0.32
JUBLFOOD	6,046	10,293	0.59	-1	5	-0.20
KALYANKJIL	4,753	9,480	0.50	-11	73	-0.15
KAYNES	29,618	76,053	0.39	320	1,024	0.31
KEI	2,574	3,735	0.69	2	-13	-0.15
KFINTECH	4,242	5,597	0.76	11	140	0.08
KOTAKBANK	17,587	21,076	0.83	-3	22	-0.14
KPITTECH	3,816	6,849	0.56	-11	47	-0.23
LAURUSLABS	5,390	9,144	0.59	135	-121	-1.12
LICHSGFIN	7,595	9,289	0.82	-4	21	-0.19
LICI	6,069	11,975	0.51	-3	0	0.00
LODHA	4,882	10,967	0.45	10	37	0.27
LT	17,517	31,617	0.55	-24	3	-8.00
LTF	5,103	7,960	0.64	10	-24	-0.42
LTIM	4,613	6,723	0.69	-125	492	-0.25
LUPIN	5,341	6,443	0.83	67	-207	-0.32
M&M	17,132	32,792	0.52	29	112	0.26
MANAPPURAM	3,770	6,344	0.59	-7	14	-0.50
MANKIND	2,385	4,528	0.53	-3	-54	0.06
MARICO	3,165	4,913	0.64	-1	36	-0.03
MARUTI	28,080	31,387	0.89	-10	270	-0.04
MAXHEALTH	6,519	12,004	0.54	143	904	0.16
MAZDOCK	10,124	22,453	0.45	2	-91	-0.02
MCX	14,824	22,385	0.66	74	74	1.00
MFSL	2,400	4,383	0.55	0	9	0.00
MOTHERSON	6,008	8,848	0.68	-39	-44	0.89
MPHASIS	4,040	5,405	0.75	177	128	1.38
MUTHOOTFIN	5,487	10,639	0.52	-10	41	-0.24
NATIONALUM	6,873	8,281	0.83	9	43	0.21
NAUKRI	5,798	7,343	0.79	2	111	0.02
NBCC	3,368	9,176	0.37	-13	73	-0.18
NCC	3,713	9,035	0.41	-23	39	-0.59
NESTLEIND	4,364	14,405	0.30	48	137	0.35
NHPC	3,176	7,160	0.44	0	28	0.00
NMDC	10,033	13,838	0.73	7	61	0.12
NTPC	13,866	23,245	0.60	-271	9	-31.84
NUVAMA	2,941	6,029	0.49	8	187	0.04
NYKAA	2,809	7,151	0.39	-1	0	0.00
OBEROIRLTY	3,801	5,145	0.74	97	-8	-12.13
OFSS	6,271	11,538	0.54	261	434	0.60
OIL	2,578	4,774	0.54	3	-8	-0.38
ONGC	10,736	26,724	0.40	-8	18	-0.44
PAGEIND	3,553	8,599	0.41	-6	40	-0.15
PATANJALI	4,717	8,426	0.56	-10	-9	1.11
PAYTM	8,018	13,971	0.57	3	84	0.04
PERSISTENT	6,957	11,581	0.60	126	575	0.22
PETRONET	9,001	8,551	1.05	-1	7	-0.14
PFC	21,402	34,715	0.62	-7	-51	0.14
PGEL	7,741	11,898	0.65	12	104	0.12
PHOENIXLTD	1,771	3,448	0.51	0	-2	0.00
PIDILITIND	1,929	2,761	0.70	3	7	0.43
PIIND	3,777	5,633	0.67	9	-3	-3.00
PNB	11,588	20,875	0.56	8	-104	-0.08
PNBHOUSING	6,882	11,968	0.58	-11	41	-0.27
POLICYBZR	5,864	8,382	0.70	16	8	2.00
POLYCAB	4,810	7,692	0.63	85	-67	-1.27
POWERGRID	10,791	17,786	0.61	29	-82	-0.35
POWERINDIA	4,184	13,173	0.32	86	236	0.36
PPLPHARMA	3,006	7,186	0.42	3	15	0.20
PRESTIGE	2,732	4,284	0.64	-14	-32	0.44
RBLBANK	4,831	8,031	0.60	0	6	0.00
RECLTD	21,605	33,230	0.65	-108	-22	4.91
RELIANCE	49,317	93,110	0.53	66	-1,610	-0.04
RVNL	6,100	12,914	0.47	-7	-47	0.15
SAIL	5,839	10,975	0.53	-148	137	-1.08
SAMMAANCAP	9,223	13,539	0.68	-59	-30	1.97
SBICARD	4,806	7,045	0.68	17	18	0.94
SBILIFE	5,514	11,525	0.48	7	6	1.17
SBIN	40,756	58,216	0.70	-575	-59	9.75
SHREECEM	2,299	5,999	0.38	37	124	0.30
SHRIRAMFIN	15,705	23,280	0.67	228	274	0.83
SIEMENS	8,639	19,617	0.44	-15	-38	0.39
SOLARINDS	4,181	10,711	0.39	-8	141	-0.06
SONACOMS	2,564	5,599	0.46	0	-6	0.00
SRF	7,363	8,993	0.82	-29	2	-14.50
SUNPHARMA	8,297	24,547	0.34	-271	-1,627	0.17
SUPREMEIND	4,171	7,054	0.59	-17	51	-0.33
SUZLON	10,133	24,936	0.41	-1	-30	0.03
SYNGENE	1,483	3,421	0.43	19	0	0.00
TATACONSUM	5,155	9,828	0.52	1	8	0.13
TATAELXSI	5,723	15,080	0.38	229	220	1.04
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,209	28,347	0.68	-9	18	-0.50
TATASTEEL	14,947	27,367	0.55	58	319	0.18
TATATECH	4,720	7,591	0.62	-6	-10	0.60
TCS	36,127	48,036	0.75	359	1,338	0.27
TECHM	8,663	10,130	0.86	-19	37	-0.51
TIINDIA	4,914	7,700	0.64	-7	19	-0.37
TITAGARH	2,705	5,612	0.48	-12	8	-1.50
TITAN	13,198	20,717	0.64	-14	67	-0.21
TMPV	39,860	79,712	0.50	-353	-279	1.27
TORNTPHARM	1,198	2,486	0.48	16	-3	-5.33
TORNTPOWER	1,839	3,513	0.52	-1	0	0.00
TRENT	26,251	51,738	0.51	14	-377	-0.04
TVSMOTOR	9,152	9,345	0.98	67	-131	-0.51
ULTRACEMCO	11,502	21,317	0.54	19	72	0.26
UNIONBANK	5,280	7,942	0.66	28	8	3.50
UNITDSPR	8,216	10,156	0.81	26	115	0.23
UNOMINDA	2,792	5,342	0.52	2	-28	-0.07
UPL	4,870	6,860	0.71	-5	24	-0.21
VBL	9,350	18,536	0.50	-31	-120	0.26
VEDL	42,690	39,772	1.07	53	-28	-1.89
VOLTAS	6,776	9,327	0.73	27	472	0.06
WIPRO	11,964	14,406	0.83	129	275	0.47
YESBANK	6,385	12,972	0.49	22	-15	-1.47
ZYDUSLIFE	3,534	4,702	0.75	-3	-91	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.

Related Pages for PIDILITIND

PIDILITIND

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