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

84584.65 +193.38 (0.23%)

L: 84150.19 H: 84626.64

Put-Call Ratio - SENSEX

11 Dec 2025 10:43 AM IST

Live

Expiry

Put OI

30,32,343

Call OI

34,91,485

PCR

0.87

Put OI Chg

19,31,498

Call OI Chg

12,11,464

COI PCR

1.59

COI Strength

0.23

Interval

On 9:30 SENSEX was trading at 84532.24 with pcr value 0.61

On 9:45 SENSEX was trading at 84243.69 with pcr value 0.54

On 10:00 SENSEX was trading at 84223.7 with pcr value 0.58

On 10:15 SENSEX was trading at 84465.92 with pcr value 0.64

On 10:30 SENSEX was trading at 84521.67 with pcr value 0.82

On 10:44 SENSEX was trading at 84590.9 with pcr value 0.87

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	1,681	3,198	0.53	-8	105	-0.08
ABB	5,039	6,604	0.76	81	338	0.24
ABCAPITAL	4,834	7,709	0.63	213	316	0.67
ADANIENSOL	3,274	5,468	0.60	-81	-119	0.68
ADANIENT	26,836	45,467	0.59	225	185	1.22
ADANIGREEN	10,753	21,974	0.49	413	293	1.41
ADANIPORTS	9,907	19,119	0.52	195	-111	-1.76
ALKEM	1,111	1,846	0.60	37	94	0.39
AMBER	7,027	11,720	0.60	129	-139	-0.93
AMBUJACEM	9,535	12,173	0.78	188	256	0.73
ANGELONE	8,296	19,271	0.43	-123	0	0.00
APLAPOLLO	2,116	2,738	0.77	116	-50	-2.32
APOLLOHOSP	6,835	14,776	0.46	28	271	0.10
ASHOKLEY	9,878	12,589	0.78	235	-71	-3.31
ASIANPAINT	17,685	30,554	0.58	759	2,211	0.34
ASTRAL	4,354	7,759	0.56	283	193	1.47
AUBANK	6,892	7,680	0.90	-210	-91	2.31
AUROPHARMA	4,432	10,281	0.43	39	-109	-0.36
AXISBANK	14,200	29,358	0.48	11	-302	-0.04
BAJAJ-AUTO	14,860	26,143	0.57	87	83	1.05
BAJAJFINSV	13,534	19,795	0.68	41	204	0.20
BAJFINANCE	21,659	35,519	0.61	3	555	0.01
BANDHANBNK	8,455	12,447	0.68	-6	-15	0.40
BANKBARODA	12,575	14,832	0.85	21	335	0.06
BANKINDIA	3,171	4,665	0.68	31	-4	-7.75
BDL	7,691	17,086	0.45	-166	-327	0.51
BEL	26,337	56,997	0.46	269	-96	-2.80
BHARATFORG	3,931	6,314	0.62	39	-71	-0.55
BHARTIARTL	18,092	39,516	0.46	191	1,219	0.16
BHEL	9,635	18,969	0.51	198	-33	-6.00
BIOCON	6,483	13,293	0.49	-3	-80	0.04
BLUESTARCO	807	1,313	0.61	14	-75	-0.19
BOSCHLTD	1,517	2,725	0.56	36	-138	-0.26
BPCL	4,819	7,386	0.65	51	181	0.28
BRITANNIA	4,641	7,583	0.61	-3	130	-0.02
BSE	17,476	32,061	0.55	315	-291	-1.08
CAMS	4,405	8,010	0.55	-27	-60	0.45
CANBK	12,125	15,687	0.77	164	-311	-0.53
CDSL	9,976	21,277	0.47	-110	-607	0.18
CGPOWER	4,858	8,841	0.55	-10	27	-0.37
CHOLAFIN	3,450	5,310	0.65	74	-57	-1.30
CIPLA	10,704	15,454	0.69	-99	-96	1.03
COALINDIA	12,626	11,780	1.07	142	-360	-0.39
COFORGE	8,523	21,358	0.40	-268	348	-0.77
COLPAL	6,639	9,076	0.73	-92	240	-0.38
CONCOR	7,201	9,582	0.75	-17	211	-0.08
CROMPTON	6,430	11,179	0.58	96	113	0.85
CUMMINSIND	3,552	4,348	0.82	136	-50	-2.72
CYIENT	1,871	2,760	0.68	-2	-8	0.25
DABUR	4,690	8,815	0.53	20	272	0.07
DALBHARAT	1,763	2,941	0.60	5	-3	-1.67
DELHIVERY	3,912	5,757	0.68	-17	14	-1.21
DIVISLAB	6,379	9,271	0.69	61	75	0.81
DIXON	33,324	71,053	0.47	3,772	797	4.73
DLF	16,438	25,262	0.65	98	527	0.19
DMART	7,349	13,262	0.55	413	642	0.64
DRREDDY	4,960	10,441	0.48	80	-250	-0.32
EICHERMOT	11,153	14,414	0.77	565	1,441	0.39
ETERNAL	17,854	31,241	0.57	116	-1,025	-0.11
EXIDEIND	3,947	5,121	0.77	14	-4	-3.50
FEDERALBNK	7,376	8,428	0.88	243	134	1.81
FORTIS	3,413	9,024	0.38	-23	-48	0.48
GAIL	12,952	19,674	0.66	-39	13	-3.00
GLENMARK	8,739	11,458	0.76	25	66	0.38
GMRAIRPORT	9,943	18,577	0.54	143	375	0.38
GODREJCP	2,898	4,177	0.69	10	-3	-3.33
GODREJPROP	7,077	12,203	0.58	-18	48	-0.38
GRASIM	8,536	9,346	0.91	47	-335	-0.14
HAL	27,974	53,525	0.52	-169	-453	0.37
HAVELLS	3,811	5,094	0.75	-73	90	-0.81
HCLTECH	11,881	19,054	0.62	56	414	0.14
HDFCAMC	4,401	5,130	0.86	105	-354	-0.30
HDFCBANK	42,093	65,760	0.64	-116	-2,124	0.05
HDFCLIFE	6,848	14,901	0.46	60	465	0.13
HEROMOTOCO	11,964	16,885	0.71	147	-383	-0.38
HFCL	4,435	10,266	0.43	-5	-288	0.02
HINDALCO	15,411	20,152	0.76	274	-54	-5.07
HINDPETRO	4,050	6,395	0.63	0	81	0.00
HINDUNILVR	7,035	15,914	0.44	-17	-46	0.37
HINDZINC	13,066	18,070	0.72	2,446	871	2.81
HUDCO	6,361	13,177	0.48	-82	-133	0.62
ICICIBANK	30,390	47,984	0.63	12	1,864	0.01
ICICIGI	3,186	5,056	0.63	41	36	1.14
ICICIPRULI	2,434	4,409	0.55	-137	90	-1.52
IDEA	15,468	27,349	0.57	593	-215	-2.76
IDFCFIRSTB	8,763	13,613	0.64	99	-6	-16.50
IEX	8,385	12,149	0.69	-97	118	-0.82
IIFL	2,461	3,705	0.66	-39	-47	0.83
INDHOTEL	5,634	8,676	0.65	74	66	1.11
INDIANB	4,679	10,861	0.43	-65	95	-0.68
INDIGO	57,804	1,17,507	0.49	3,322	5,660	0.59
INDUSINDBK	12,468	18,071	0.69	-3	-336	0.01
INDUSTOWER	8,369	13,314	0.63	-12	31	-0.39
INFY	37,564	59,411	0.63	-479	281	-1.70
INOXWIND	6,922	14,507	0.48	-87	-444	0.20
IOC	6,136	11,358	0.54	115	673	0.17
IRCTC	7,142	11,371	0.63	45	44	1.02
IREDA	5,099	10,726	0.48	-64	-110	0.58
IRFC	4,463	8,903	0.50	52	42	1.24
ITC	24,538	32,829	0.75	96	393	0.24
JINDALSTEL	5,481	7,971	0.69	55	24	2.29
JIOFIN	18,832	26,811	0.70	-41	-269	0.15
JSWENERGY	10,465	18,794	0.56	-70	-216	0.32
JSWSTEEL	14,359	27,969	0.51	-112	-178	0.63
JUBLFOOD	3,993	6,063	0.66	-13	-20	0.65
KALYANKJIL	4,448	8,897	0.50	139	-28	-4.96
KAYNES	30,913	82,466	0.37	1,576	4,082	0.39
KEI	1,684	3,177	0.53	83	-73	-1.14
KFINTECH	4,139	6,070	0.68	19	-93	-0.20
KOTAKBANK	16,107	18,965	0.85	1,260	299	4.21
KPITTECH	3,009	5,397	0.56	21	-143	-0.15
LAURUSLABS	5,016	9,018	0.56	156	-2	-78.00
LICHSGFIN	7,532	9,156	0.82	19	23	0.83
LICI	6,277	10,232	0.61	52	-28	-1.86
LODHA	4,617	10,312	0.45	-22	78	-0.28
LT	17,710	31,309	0.57	-15	687	-0.02
LTF	5,081	7,870	0.65	-81	-58	1.40
LTIM	4,721	6,034	0.78	-151	14	-10.79
LUPIN	4,702	6,710	0.70	-23	-66	0.35
M&M	16,352	27,973	0.58	-61	505	-0.12
MANAPPURAM	3,477	5,628	0.62	50	-1	-50.00
MANKIND	2,210	4,127	0.54	-2	28	-0.07
MARICO	2,803	4,174	0.67	2	2	1.00
MARUTI	22,599	28,992	0.78	2,319	-767	-3.02
MAXHEALTH	5,363	10,083	0.53	-85	2	-42.50
MAZDOCK	9,740	19,961	0.49	-210	163	-1.29
MCX	14,632	23,091	0.63	-346	493	-0.70
MFSL	2,446	4,425	0.55	-4	60	-0.07
MOTHERSON	5,978	9,675	0.62	42	268	0.16
MPHASIS	3,537	4,656	0.76	-74	9	-8.22
MUTHOOTFIN	4,829	9,900	0.49	199	203	0.98
NATIONALUM	6,032	8,041	0.75	54	70	0.77
NAUKRI	5,625	8,375	0.67	63	347	0.18
NBCC	3,138	6,679	0.47	0	155	0.00
NCC	3,465	7,149	0.48	-9	42	-0.21
NESTLEIND	4,516	15,455	0.29	6	95	0.06
NHPC	3,178	7,273	0.44	9	-105	-0.09
NMDC	10,040	13,000	0.77	-71	-263	0.27
NTPC	13,961	22,867	0.61	-197	-162	1.22
NUVAMA	2,163	4,493	0.48	3	296	0.01
NYKAA	2,691	6,595	0.41	21	201	0.10
OBEROIRLTY	3,937	5,897	0.67	-40	-131	0.31
OFSS	10,718	9,097	1.18	4,939	356	13.87
OIL	2,493	4,281	0.58	-14	4	-3.50
ONGC	8,430	19,080	0.44	24	-144	-0.17
PAGEIND	3,402	6,923	0.49	-61	-11	5.55
PATANJALI	3,467	7,759	0.45	14	-16	-0.88
PAYTM	7,985	12,560	0.64	-135	-61	2.21
PERSISTENT	5,890	10,212	0.58	349	581	0.60
PETRONET	8,530	8,118	1.05	34	54	0.63
PFC	20,059	31,588	0.64	150	370	0.41
PGEL	8,319	12,981	0.64	-119	123	-0.97
PHOENIXLTD	1,459	2,839	0.51	20	32	0.63
PIDILITIND	1,946	2,515	0.77	-4	-73	0.05
PIIND	2,597	3,887	0.67	-23	24	-0.96
PNB	11,590	21,979	0.53	-51	386	-0.13
PNBHOUSING	4,023	5,144	0.78	13	-9	-1.44
POLICYBZR	4,639	5,660	0.82	-27	-111	0.24
POLYCAB	4,246	5,747	0.74	255	-241	-1.06
POWERGRID	10,574	15,501	0.68	144	184	0.78
POWERINDIA	4,518	12,017	0.38	-25	412	-0.06
PPLPHARMA	2,520	6,079	0.41	-10	47	-0.21
PRESTIGE	2,940	3,819	0.77	109	136	0.80
RBLBANK	4,247	6,680	0.64	35	-107	-0.33
RECLTD	21,216	30,935	0.69	29	58	0.50
RELIANCE	50,974	95,960	0.53	470	2,304	0.20
RVNL	6,542	12,465	0.52	-38	70	-0.54
SAIL	5,726	9,869	0.58	56	-46	-1.22
SAMMAANCAP	5,939	9,010	0.66	0	-1	0.00
SBICARD	4,559	7,206	0.63	-45	-74	0.61
SBILIFE	4,734	8,874	0.53	-99	142	-0.70
SBIN	41,005	66,413	0.62	275	125	2.20
SHREECEM	1,394	2,844	0.49	129	-106	-1.22
SHRIRAMFIN	12,392	18,049	0.69	128	35	3.66
SIEMENS	5,441	12,206	0.45	-12	116	-0.10
SOLARINDS	3,496	7,979	0.44	-56	116	-0.48
SONACOMS	2,524	5,715	0.44	164	19	8.63
SRF	6,119	10,321	0.59	169	102	1.66
SUNPHARMA	6,398	15,169	0.42	-392	-1,232	0.32
SUPREMEIND	3,805	6,484	0.59	510	191	2.67
SUZLON	9,766	22,801	0.43	106	-205	-0.52
SYNGENE	1,647	2,552	0.65	7	0	0.00
TATACONSUM	4,600	8,640	0.53	14	-36	-0.39
TATAELXSI	5,308	15,365	0.35	67	63	1.06
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,698	26,182	0.75	-205	366	-0.56
TATASTEEL	15,780	33,112	0.48	332	-473	-0.70
TATATECH	4,689	7,736	0.61	24	43	0.56
TCS	36,731	48,958	0.75	434	2,057	0.21
TECHM	7,242	9,413	0.77	-190	-36	5.28
TIINDIA	4,583	7,680	0.60	36	141	0.26
TITAGARH	2,521	5,764	0.44	-7	153	-0.05
TITAN	12,197	20,191	0.60	662	70	9.46
TMPV	39,631	89,312	0.44	235	708	0.33
TORNTPHARM	1,189	2,244	0.53	-18	29	-0.62
TORNTPOWER	1,928	2,863	0.67	52	-106	-0.49
TRENT	25,782	48,074	0.54	479	2,974	0.16
TVSMOTOR	9,341	9,828	0.95	-39	-119	0.33
ULTRACEMCO	10,468	18,897	0.55	104	75	1.39
UNIONBANK	5,618	9,182	0.61	-1	-105	0.01
UNITDSPR	6,362	8,370	0.76	22	-12	-1.83
UNOMINDA	2,808	5,019	0.56	-27	16	-1.69
UPL	4,041	5,656	0.71	71	-26	-2.73
VBL	8,923	22,248	0.40	-84	137	-0.61
VEDL	22,119	33,382	0.66	1,118	141	7.93
VOLTAS	6,865	7,911	0.87	-67	-41	1.63
WIPRO	11,088	13,715	0.81	138	-383	-0.36
YESBANK	6,272	12,188	0.51	71	-50	-1.42
ZYDUSLIFE	3,268	4,281	0.76	-12	37	-0.32

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

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