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.

SENSEX

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

84611.58 -68.28 (-0.08%)

L: 84569.95 H: 84889.45

Put-Call Ratio - SENSEX

17 Dec 2025 10:09 AM IST

Live

Expiry

Put OI

15,07,179

Call OI

23,90,683

PCR

0.63

Put OI Chg

6,62,461

Call OI Chg

10,34,138

COI PCR

0.64

COI Strength

-0.22

Interval

On 9:30 SENSEX was trading at 84823.06 with pcr value 0.83

On 9:45 SENSEX was trading at 84732.81 with pcr value 0.86

On 10:00 SENSEX was trading at 84698.52 with pcr value 0.69

On 10:10 SENSEX was trading at 84610.23 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	2,546	3,899	0.65	532	640	0.83
ABB	5,316	6,304	0.84	-36	-24	1.50
ABCAPITAL	4,825	7,900	0.61	62	127	0.49
ADANIENSOL	3,351	5,819	0.58	-4	56	-0.07
ADANIENT	26,524	44,774	0.59	327	854	0.38
ADANIGREEN	10,261	19,741	0.52	-30	205	-0.15
ADANIPORTS	9,357	18,372	0.51	204	289	0.71
ALKEM	1,285	1,845	0.70	53	171	0.31
AMBER	7,073	10,321	0.69	60	63	0.95
AMBUJACEM	8,571	10,270	0.83	39	-28	-1.39
ANGELONE	7,739	19,081	0.41	158	583	0.27
APLAPOLLO	2,447	2,731	0.90	18	27	0.67
APOLLOHOSP	8,006	16,278	0.49	161	87	1.85
ASHOKLEY	12,424	12,882	0.96	118	107	1.10
ASIANPAINT	17,226	34,010	0.51	-73	-156	0.47
ASTRAL	4,473	8,050	0.56	71	111	0.64
AUBANK	6,670	8,019	0.83	362	514	0.70
AUROPHARMA	4,483	10,417	0.43	31	54	0.57
AXISBANK	25,593	58,086	0.44	-1,107	-1,633	0.68
BAJAJ-AUTO	14,959	27,506	0.54	194	170	1.14
BAJAJFINSV	14,541	20,877	0.70	169	369	0.46
BAJFINANCE	23,614	39,668	0.60	230	-1,216	-0.19
BANDHANBNK	7,644	11,410	0.67	0	0	0.00
BANKBARODA	12,055	16,508	0.73	-214	-253	0.85
BANKINDIA	3,385	4,982	0.68	74	282	0.26
BDL	8,323	21,432	0.39	37	708	0.05
BEL	27,093	61,842	0.44	7	1	7.00
BHARATFORG	4,192	6,912	0.61	-12	15	-0.80
BHARTIARTL	19,506	39,950	0.49	76	-108	-0.70
BHEL	8,861	18,150	0.49	-16	202	-0.08
BIOCON	6,425	13,026	0.49	12	35	0.34
BLUESTARCO	1,393	1,745	0.80	14	-11	-1.27
BOSCHLTD	1,640	3,188	0.51	27	1	27.00
BPCL	5,580	9,515	0.59	136	407	0.33
BRITANNIA	6,697	9,103	0.74	296	39	7.59
BSE	18,278	37,063	0.49	77	-517	-0.15
CAMS	4,326	7,342	0.59	-12	5	-2.40
CANBK	12,419	15,482	0.80	415	-574	-0.72
CDSL	9,725	22,456	0.43	166	485	0.34
CGPOWER	5,107	11,276	0.45	481	2,272	0.21
CHOLAFIN	3,577	5,582	0.64	4	-37	-0.11
CIPLA	10,205	15,618	0.65	120	150	0.80
COALINDIA	12,601	12,861	0.98	62	-65	-0.95
COFORGE	8,800	20,028	0.44	116	-120	-0.97
COLPAL	6,619	11,258	0.59	113	565	0.20
CONCOR	7,702	10,184	0.76	66	24	2.75
CROMPTON	6,379	11,899	0.54	33	128	0.26
CUMMINSIND	3,767	5,107	0.74	197	624	0.32
CYIENT	1,930	2,945	0.66	-5	5	-1.00
DABUR	5,892	11,231	0.52	-2	62	-0.03
DALBHARAT	2,917	3,806	0.77	37	-29	-1.28
DELHIVERY	3,924	6,425	0.61	10	48	0.21
DIVISLAB	6,604	9,271	0.71	20	186	0.11
DIXON	35,916	64,290	0.56	291	1,769	0.16
DLF	16,663	26,663	0.62	110	665	0.17
DMART	7,285	15,611	0.47	109	28	3.89
DRREDDY	5,373	10,841	0.50	38	13	2.92
EICHERMOT	11,271	15,948	0.71	465	-76	-6.12
ETERNAL	19,255	35,647	0.54	-22	-538	0.04
EXIDEIND	4,135	6,029	0.69	91	275	0.33
FEDERALBNK	8,177	8,130	1.01	64	116	0.55
FORTIS	3,592	8,664	0.41	58	-41	-1.41
GAIL	13,507	20,624	0.65	-30	-72	0.42
GLENMARK	8,044	11,085	0.73	12	181	0.07
GMRAIRPORT	10,842	19,639	0.55	43	140	0.31
GODREJCP	3,898	5,748	0.68	-25	-143	0.17
GODREJPROP	7,029	11,763	0.60	17	47	0.36
GRASIM	9,499	8,750	1.09	-10	118	-0.08
HAL	28,065	58,142	0.48	163	1,433	0.11
HAVELLS	3,562	4,920	0.72	19	133	0.14
HCLTECH	11,613	20,485	0.57	88	326	0.27
HDFCAMC	4,793	6,632	0.72	160	184	0.87
HDFCBANK	42,337	67,153	0.63	-297	3,958	-0.08
HDFCLIFE	7,443	17,880	0.42	-184	-1,212	0.15
HEROMOTOCO	12,998	19,218	0.68	64	801	0.08
HFCL	4,875	12,007	0.41	-39	5	-7.80
HINDALCO	16,215	21,915	0.74	723	806	0.90
HINDPETRO	3,973	6,921	0.57	107	44	2.43
HINDUNILVR	9,949	20,327	0.49	55	251	0.22
HINDZINC	25,722	37,887	0.68	1,630	4,239	0.38
HUDCO	6,310	14,391	0.44	-49	94	-0.52
ICICIBANK	34,124	56,363	0.61	2,066	6,045	0.34
ICICIGI	3,080	5,511	0.56	17	24	0.71
ICICIPRULI	2,306	4,787	0.48	-9	-19	0.47
IDEA	15,341	26,065	0.59	124	-451	-0.27
IDFCFIRSTB	9,778	12,699	0.77	128	125	1.02
IEX	8,418	11,592	0.73	7	15	0.47
IIFL	2,586	4,172	0.62	-15	-132	0.11
INDHOTEL	5,839	9,583	0.61	61	390	0.15
INDIANB	4,751	12,085	0.39	-80	71	-1.13
INDIGO	51,725	1,09,282	0.47	119	248	0.48
INDUSINDBK	13,458	18,718	0.72	618	279	2.22
INDUSTOWER	8,712	15,459	0.56	-6	-1	6.00
INFY	38,366	61,868	0.62	393	148	2.66
INOXWIND	6,972	13,920	0.50	-24	-36	0.67
IOC	7,864	12,148	0.65	634	-464	-1.37
IRCTC	7,601	11,163	0.68	298	113	2.64
IREDA	4,933	10,290	0.48	-3	-10	0.30
IRFC	4,621	9,592	0.48	62	77	0.81
ITC	21,839	34,448	0.63	-48	259	-0.19
JINDALSTEL	5,510	8,941	0.62	4	30	0.13
JIOFIN	18,160	26,403	0.69	144	586	0.25
JSWENERGY	10,178	15,227	0.67	12	90	0.13
JSWSTEEL	12,655	28,424	0.45	-109	-39	2.79
JUBLFOOD	5,876	10,306	0.57	101	565	0.18
KALYANKJIL	4,761	8,794	0.54	-11	15	-0.73
KAYNES	31,090	77,712	0.40	536	1,505	0.36
KEI	2,730	3,849	0.71	570	300	1.90
KFINTECH	4,255	6,871	0.62	13	133	0.10
KOTAKBANK	18,446	21,513	0.86	-208	337	-0.62
KPITTECH	3,642	6,454	0.56	13	49	0.27
LAURUSLABS	5,392	9,600	0.56	217	-318	-0.68
LICHSGFIN	7,641	10,011	0.76	21	-114	-0.18
LICI	6,214	11,832	0.53	-21	-128	0.16
LODHA	4,455	11,656	0.38	82	1,203	0.07
LT	18,468	32,293	0.57	-27	104	-0.26
LTF	5,047	7,852	0.64	71	57	1.25
LTIM	4,529	6,117	0.74	51	491	0.10
LUPIN	5,320	6,725	0.79	226	-99	-2.28
M&M	17,366	32,566	0.53	58	-94	-0.62
MANAPPURAM	3,731	5,568	0.67	22	168	0.13
MANKIND	2,413	5,064	0.48	16	65	0.25
MARICO	3,106	5,152	0.60	22	-12	-1.83
MARUTI	30,136	31,631	0.95	502	735	0.68
MAXHEALTH	5,144	10,552	0.49	96	418	0.23
MAZDOCK	10,000	23,271	0.43	-114	650	-0.18
MCX	15,361	23,409	0.66	303	541	0.56
MFSL	2,444	4,541	0.54	12	58	0.21
MOTHERSON	7,503	9,400	0.80	-11	160	-0.07
MPHASIS	3,525	4,803	0.73	56	117	0.48
MUTHOOTFIN	6,509	11,643	0.56	130	-134	-0.97
NATIONALUM	6,937	8,160	0.85	237	348	0.68
NAUKRI	6,039	6,824	0.88	44	-251	-0.18
NBCC	3,224	7,436	0.43	29	446	0.07
NCC	3,829	8,911	0.43	36	-145	-0.25
NESTLEIND	4,335	13,966	0.31	-85	122	-0.70
NHPC	3,220	7,159	0.45	17	100	0.17
NMDC	9,970	13,415	0.74	62	151	0.41
NTPC	13,595	22,610	0.60	-190	-236	0.81
NUVAMA	2,229	4,132	0.54	85	-17	-5.00
NYKAA	2,592	7,001	0.37	8	21	0.38
OBEROIRLTY	3,499	5,716	0.61	-2	-52	0.04
OFSS	6,906	9,554	0.72	-71	193	-0.37
OIL	2,503	4,725	0.53	22	158	0.14
ONGC	10,948	26,981	0.41	199	884	0.23
PAGEIND	3,413	8,168	0.42	53	251	0.21
PATANJALI	3,947	9,014	0.44	61	295	0.21
PAYTM	7,821	13,514	0.58	100	631	0.16
PERSISTENT	6,545	10,779	0.61	193	62	3.11
PETRONET	8,871	8,491	1.04	-169	-343	0.49
PFC	20,869	36,380	0.57	-39	-394	0.10
PGEL	7,830	12,378	0.63	44	233	0.19
PHOENIXLTD	1,660	3,411	0.49	0	-19	0.00
PIDILITIND	1,930	2,609	0.74	-22	87	-0.25
PIIND	3,559	5,874	0.61	-36	160	-0.23
PNB	11,540	22,002	0.52	-43	-567	0.08
PNBHOUSING	7,301	11,870	0.62	-6	-97	0.06
POLICYBZR	6,553	9,186	0.71	444	535	0.83
POLYCAB	7,030	8,304	0.85	2,891	2,183	1.32
POWERGRID	10,654	17,662	0.60	-35	-36	0.97
POWERINDIA	3,981	10,913	0.36	-77	-11	7.00
PPLPHARMA	2,870	7,191	0.40	-2	-33	0.06
PRESTIGE	2,808	4,299	0.65	27	74	0.36
RBLBANK	4,970	7,882	0.63	184	194	0.95
RECLTD	21,823	35,482	0.62	65	265	0.25
RELIANCE	49,719	98,601	0.50	631	740	0.85
RVNL	6,383	12,789	0.50	17	269	0.06
SAIL	5,864	10,659	0.55	-77	-3	25.67
SAMMAANCAP	6,703	12,984	0.52	32	640	0.05
SBICARD	5,050	7,513	0.67	117	28	4.18
SBILIFE	6,217	11,663	0.53	-85	-395	0.22
SBIN	41,379	62,198	0.67	1,390	-5,262	-0.26
SHREECEM	2,383	5,784	0.41	46	-58	-0.79
SHRIRAMFIN	13,188	23,132	0.57	547	2,003	0.27
SIEMENS	9,030	17,995	0.50	125	118	1.06
SOLARINDS	4,047	10,802	0.37	151	200	0.76
SONACOMS	2,586	5,583	0.46	-10	10	-1.00
SRF	7,166	9,758	0.73	50	388	0.13
SUNPHARMA	6,714	20,251	0.33	-177	-900	0.20
SUPREMEIND	4,640	7,280	0.64	-90	-590	0.15
SUZLON	10,691	23,778	0.45	58	85	0.68
SYNGENE	1,430	2,851	0.50	0	12	0.00
TATACONSUM	5,206	10,150	0.51	72	40	1.80
TATAELXSI	5,562	15,017	0.37	99	-37	-2.68
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,490	26,459	0.74	123	-312	-0.39
TATASTEEL	15,676	26,417	0.59	191	96	1.99
TATATECH	4,622	7,560	0.61	13	44	0.30
TCS	37,970	49,172	0.77	313	262	1.19
TECHM	7,510	9,686	0.78	128	110	1.16
TIINDIA	4,729	7,725	0.61	28	-19	-1.47
TITAGARH	2,620	5,245	0.50	9	79	0.11
TITAN	14,719	21,281	0.69	55	11	5.00
TMPV	40,477	86,859	0.47	213	-403	-0.53
TORNTPHARM	1,143	2,704	0.42	7	54	0.13
TORNTPOWER	2,045	3,261	0.63	22	22	1.00
TRENT	26,749	50,352	0.53	101	401	0.25
TVSMOTOR	9,596	9,632	1.00	129	80	1.61
ULTRACEMCO	11,214	19,418	0.58	83	551	0.15
UNIONBANK	5,591	8,256	0.68	29	-25	-1.16
UNITDSPR	6,644	8,852	0.75	116	167	0.69
UNOMINDA	2,834	5,031	0.56	2	33	0.06
UPL	4,645	6,860	0.68	27	115	0.23
VBL	10,057	24,078	0.42	-82	433	-0.19
VEDL	40,509	43,553	0.93	1,970	2,719	0.72
VOLTAS	6,567	7,478	0.88	106	275	0.39
WIPRO	11,081	13,764	0.81	288	-4	-72.00
YESBANK	6,459	13,204	0.49	36	-102	-0.35
ZYDUSLIFE	3,345	4,877	0.69	-15	-65	0.23

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 SENSEX

SENSEX

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