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.

SENSEX50

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.

Sensex 50

26960.97 +78.27 (0.29%)

L: 26818.29 H: 26969.13

Put-Call Ratio - SENSEX50

11 Dec 2025 09:12 AM IST

Live

Expiry

Put OI

12,633

Call OI

19,319

PCR

0.65

Put OI Chg

-6

Call OI Chg

404

COI PCR

-0.01

COI Strength

-1.00

Interval

On 9:15 SENSEX50 was trading at 84456.75 with pcr value 0.65

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	1,679	3,210	0.52	-10	117	-0.09
ABB	5,049	6,555	0.77	91	289	0.31
ABCAPITAL	4,832	7,697	0.63	211	304	0.69
ADANIENSOL	3,272	5,482	0.60	-83	-105	0.79
ADANIENT	26,831	45,485	0.59	220	203	1.08
ADANIGREEN	10,758	21,964	0.49	418	283	1.48
ADANIPORTS	9,817	19,106	0.51	105	-124	-0.85
ALKEM	1,111	1,838	0.60	37	86	0.43
AMBER	7,022	11,767	0.60	124	-92	-1.35
AMBUJACEM	9,534	12,192	0.78	187	275	0.68
ANGELONE	8,348	19,367	0.43	-71	96	-0.74
APLAPOLLO	2,116	2,738	0.77	116	-50	-2.32
APOLLOHOSP	6,839	14,811	0.46	32	306	0.10
ASHOKLEY	9,897	12,635	0.78	254	-25	-10.16
ASIANPAINT	17,674	30,582	0.58	748	2,239	0.33
ASTRAL	4,361	7,752	0.56	290	186	1.56
AUBANK	6,858	7,621	0.90	-244	-150	1.63
AUROPHARMA	4,416	10,315	0.43	23	-75	-0.31
AXISBANK	14,260	29,379	0.49	71	-281	-0.25
BAJAJ-AUTO	14,860	26,136	0.57	87	76	1.14
BAJAJFINSV	13,483	19,808	0.68	-10	217	-0.05
BAJFINANCE	21,647	35,626	0.61	-9	662	-0.01
BANDHANBNK	8,461	12,450	0.68	0	-12	0.00
BANKBARODA	12,531	14,851	0.84	-23	354	-0.06
BANKINDIA	3,169	4,666	0.68	29	-3	-9.67
BDL	7,705	17,140	0.45	-152	-273	0.56
BEL	26,331	57,095	0.46	263	2	131.50
BHARATFORG	3,923	6,362	0.62	31	-23	-1.35
BHARTIARTL	18,078	39,498	0.46	177	1,201	0.15
BHEL	9,608	19,001	0.51	171	-1	-171.00
BIOCON	6,495	13,283	0.49	9	-90	-0.10
BLUESTARCO	807	1,319	0.61	14	-69	-0.20
BOSCHLTD	1,514	2,728	0.55	33	-135	-0.24
BPCL	4,808	7,396	0.65	40	191	0.21
BRITANNIA	4,643	7,582	0.61	-1	129	-0.01
BSE	17,512	32,216	0.54	351	-136	-2.58
CAMS	4,395	8,036	0.55	-37	-34	1.09
CANBK	12,150	15,723	0.77	189	-275	-0.69
CDSL	9,982	21,327	0.47	-104	-557	0.19
CGPOWER	4,857	8,841	0.55	-11	27	-0.41
CHOLAFIN	3,459	5,304	0.65	83	-63	-1.32
CIPLA	10,734	15,475	0.69	-69	-75	0.92
COALINDIA	12,622	11,818	1.07	138	-322	-0.43
COFORGE	8,565	21,325	0.40	-226	315	-0.72
COLPAL	6,640	9,084	0.73	-91	248	-0.37
CONCOR	7,253	9,584	0.76	35	213	0.16
CROMPTON	6,411	11,224	0.57	77	158	0.49
CUMMINSIND	3,565	4,369	0.82	149	-29	-5.14
CYIENT	1,871	2,761	0.68	-2	-7	0.29
DABUR	4,692	8,792	0.53	22	249	0.09
DALBHARAT	1,770	2,930	0.60	12	-14	-0.86
DELHIVERY	3,912	5,762	0.68	-17	19	-0.89
DIVISLAB	6,350	9,306	0.68	32	110	0.29
DIXON	33,196	71,497	0.46	3,644	1,241	2.94
DLF	16,456	25,260	0.65	116	525	0.22
DMART	7,354	13,268	0.55	418	648	0.65
DRREDDY	4,959	10,505	0.47	79	-186	-0.42
EICHERMOT	11,171	14,394	0.78	583	1,421	0.41
ETERNAL	17,806	31,371	0.57	68	-895	-0.08
EXIDEIND	3,935	5,131	0.77	2	6	0.33
FEDERALBNK	7,339	8,423	0.87	206	129	1.60
FORTIS	3,408	9,028	0.38	-28	-44	0.64
GAIL	12,966	19,681	0.66	-25	20	-1.25
GLENMARK	8,730	11,504	0.76	16	112	0.14
GMRAIRPORT	9,969	18,569	0.54	169	367	0.46
GODREJCP	2,894	4,207	0.69	6	27	0.22
GODREJPROP	7,079	12,196	0.58	-16	41	-0.39
GRASIM	8,503	9,470	0.90	14	-211	-0.07
HAL	28,011	53,544	0.52	-132	-434	0.30
HAVELLS	3,815	5,084	0.75	-69	80	-0.86
HCLTECH	11,892	19,070	0.62	67	430	0.16
HDFCAMC	4,401	5,188	0.85	105	-296	-0.35
HDFCBANK	42,155	65,994	0.64	-54	-1,890	0.03
HDFCLIFE	6,851	14,857	0.46	63	421	0.15
HEROMOTOCO	12,000	16,883	0.71	183	-385	-0.48
HFCL	4,431	10,267	0.43	-9	-287	0.03
HINDALCO	15,444	20,200	0.76	307	-6	-51.17
HINDPETRO	4,064	6,443	0.63	14	129	0.11
HINDUNILVR	7,050	16,024	0.44	-2	64	-0.03
HINDZINC	13,302	17,932	0.74	2,682	733	3.66
HUDCO	6,360	13,176	0.48	-83	-134	0.62
ICICIBANK	30,347	48,023	0.63	-31	1,903	-0.02
ICICIGI	3,183	5,059	0.63	38	39	0.97
ICICIPRULI	2,435	4,406	0.55	-136	87	-1.56
IDEA	15,508	27,411	0.57	633	-153	-4.14
IDFCFIRSTB	8,739	13,747	0.64	75	128	0.59
IEX	8,393	12,152	0.69	-89	121	-0.74
IIFL	2,467	3,705	0.67	-33	-47	0.70
INDHOTEL	5,636	8,692	0.65	76	82	0.92
INDIANB	4,680	10,852	0.43	-64	86	-0.74
INDIGO	57,624	1,17,107	0.49	3,142	5,260	0.60
INDUSINDBK	12,511	18,054	0.69	40	-353	-0.11
INDUSTOWER	8,382	13,276	0.63	1	-7	-0.14
INFY	37,647	59,339	0.63	-396	209	-1.89
INOXWIND	6,972	14,616	0.48	-37	-335	0.11
IOC	6,180	11,377	0.54	159	692	0.23
IRCTC	7,150	11,411	0.63	53	84	0.63
IREDA	5,131	10,690	0.48	-32	-146	0.22
IRFC	4,461	8,916	0.50	50	55	0.91
ITC	24,531	32,860	0.75	89	424	0.21
JINDALSTEL	5,488	7,966	0.69	62	19	3.26
JIOFIN	18,832	26,871	0.70	-41	-209	0.20
JSWENERGY	10,462	18,806	0.56	-73	-204	0.36
JSWSTEEL	14,368	27,933	0.51	-103	-214	0.48
JUBLFOOD	3,993	6,082	0.66	-13	-1	13.00
KALYANKJIL	4,449	8,890	0.50	140	-35	-4.00
KAYNES	30,919	82,520	0.37	1,582	4,136	0.38
KEI	1,704	3,182	0.54	103	-68	-1.51
KFINTECH	4,137	6,096	0.68	17	-67	-0.25
KOTAKBANK	15,894	18,563	0.86	1,047	-103	-10.17
KPITTECH	3,009	5,397	0.56	21	-143	-0.15
LAURUSLABS	4,984	9,034	0.55	124	14	8.86
LICHSGFIN	7,536	9,131	0.83	23	-2	-11.50
LICI	6,277	10,232	0.61	52	-28	-1.86
LODHA	4,617	10,307	0.45	-22	73	-0.30
LT	17,689	31,349	0.56	-36	727	-0.05
LTF	5,090	7,875	0.65	-72	-53	1.36
LTIM	4,711	6,039	0.78	-161	19	-8.47
LUPIN	4,715	6,742	0.70	-10	-34	0.29
M&M	16,365	27,871	0.59	-48	403	-0.12
MANAPPURAM	3,439	5,637	0.61	12	8	1.50
MANKIND	2,203	4,157	0.53	-9	58	-0.16
MARICO	2,810	4,217	0.67	9	45	0.20
MARUTI	22,635	29,113	0.78	2,355	-646	-3.65
MAXHEALTH	5,361	10,093	0.53	-87	12	-7.25
MAZDOCK	9,743	19,932	0.49	-207	134	-1.54
MCX	14,638	23,117	0.63	-340	519	-0.66
MFSL	2,446	4,425	0.55	-4	60	-0.07
MOTHERSON	5,946	9,652	0.62	10	245	0.04
MPHASIS	3,539	4,669	0.76	-72	22	-3.27
MUTHOOTFIN	4,842	9,905	0.49	212	208	1.02
NATIONALUM	6,033	8,063	0.75	55	92	0.60
NAUKRI	5,625	8,419	0.67	63	391	0.16
NBCC	3,137	6,675	0.47	-1	151	-0.01
NCC	3,463	7,150	0.48	-11	43	-0.26
NESTLEIND	4,555	15,484	0.29	45	124	0.36
NHPC	3,176	7,283	0.44	7	-95	-0.07
NMDC	10,034	13,020	0.77	-77	-243	0.32
NTPC	13,948	22,901	0.61	-210	-128	1.65
NUVAMA	2,162	4,499	0.48	2	302	0.01
NYKAA	2,691	6,594	0.41	21	200	0.10
OBEROIRLTY	3,911	5,951	0.66	-66	-77	0.86
OFSS	10,814	9,090	1.19	5,035	349	14.43
OIL	2,493	4,282	0.58	-14	5	-2.80
ONGC	8,429	19,106	0.44	23	-118	-0.19
PAGEIND	3,401	6,923	0.49	-62	-11	5.64
PATANJALI	3,474	7,797	0.45	21	22	0.95
PAYTM	7,991	12,575	0.64	-129	-46	2.80
PERSISTENT	5,878	10,230	0.57	337	599	0.56
PETRONET	8,531	8,124	1.05	35	60	0.58
PFC	20,036	31,532	0.64	127	314	0.40
PGEL	8,311	12,969	0.64	-127	111	-1.14
PHOENIXLTD	1,457	2,837	0.51	18	30	0.60
PIDILITIND	1,961	2,536	0.77	11	-52	-0.21
PIIND	2,606	3,906	0.67	-14	43	-0.33
PNB	11,560	21,992	0.53	-81	399	-0.20
PNBHOUSING	4,012	5,145	0.78	2	-8	-0.25
POLICYBZR	4,637	5,659	0.82	-29	-112	0.26
POLYCAB	4,226	5,706	0.74	235	-282	-0.83
POWERGRID	10,559	15,481	0.68	129	164	0.79
POWERINDIA	4,519	12,024	0.38	-24	419	-0.06
PPLPHARMA	2,515	6,085	0.41	-15	53	-0.28
PRESTIGE	2,951	3,817	0.77	120	134	0.90
RBLBANK	4,245	6,701	0.63	33	-86	-0.38
RECLTD	21,224	30,945	0.69	37	68	0.54
RELIANCE	50,804	96,067	0.53	300	2,411	0.12
RVNL	6,537	12,201	0.54	-43	-194	0.22
SAIL	5,726	9,859	0.58	56	-56	-1.00
SAMMAANCAP	5,939	9,010	0.66	0	-1	0.00
SBICARD	4,568	7,267	0.63	-36	-13	2.77
SBILIFE	4,760	8,862	0.54	-73	130	-0.56
SBIN	40,973	66,325	0.62	243	37	6.57
SHREECEM	1,401	2,910	0.48	136	-40	-3.40
SHRIRAMFIN	12,400	18,087	0.69	136	73	1.86
SIEMENS	5,441	12,206	0.45	-12	116	-0.10
SOLARINDS	3,499	7,983	0.44	-53	120	-0.44
SONACOMS	2,515	5,749	0.44	155	53	2.92
SRF	6,093	10,289	0.59	143	70	2.04
SUNPHARMA	6,412	15,181	0.42	-378	-1,220	0.31
SUPREMEIND	3,792	6,496	0.58	497	203	2.45
SUZLON	9,770	22,896	0.43	110	-110	-1.00
SYNGENE	1,649	2,547	0.65	9	-5	-1.80
TATACONSUM	4,598	8,646	0.53	12	-30	-0.40
TATAELXSI	5,310	15,366	0.35	69	64	1.08
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,780	26,276	0.75	-123	460	-0.27
TATASTEEL	15,723	33,222	0.47	275	-363	-0.76
TATATECH	4,690	7,743	0.61	25	50	0.50
TCS	36,758	48,859	0.75	461	1,958	0.24
TECHM	7,249	9,425	0.77	-183	-24	7.63
TIINDIA	4,587	7,675	0.60	40	136	0.29
TITAGARH	2,521	5,716	0.44	-7	105	-0.07
TITAN	12,214	20,382	0.60	679	261	2.60
TMPV	39,697	89,194	0.45	301	590	0.51
TORNTPHARM	1,191	2,249	0.53	-16	34	-0.47
TORNTPOWER	1,928	2,911	0.66	52	-58	-0.90
TRENT	25,755	47,813	0.54	452	2,713	0.17
TVSMOTOR	9,339	9,823	0.95	-41	-124	0.33
ULTRACEMCO	10,463	19,063	0.55	99	241	0.41
UNIONBANK	5,618	9,184	0.61	-1	-103	0.01
UNITDSPR	6,362	8,383	0.76	22	1	22.00
UNOMINDA	2,811	5,017	0.56	-24	14	-1.71
UPL	4,027	5,745	0.70	57	63	0.90
VBL	8,923	22,248	0.40	-84	137	-0.61
VEDL	22,007	33,329	0.66	1,006	88	11.43
VOLTAS	6,869	7,962	0.86	-63	10	-6.30
WIPRO	11,067	13,760	0.80	117	-338	-0.35
YESBANK	6,272	12,173	0.52	71	-65	-1.09
ZYDUSLIFE	3,268	4,277	0.76	-12	33	-0.36

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 SENSEX50

SENSEX50

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