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.

VEDL

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.

Vedanta Limited

520.35 -4.15 (-0.79%)

L: 519 H: 527.3

Put-Call Ratio - VEDL

08 Dec 2025 10:47 AM IST

Live

Expiry

Put OI

20,158

Call OI

31,932

PCR

0.63

Put OI Chg

-3

Call OI Chg

954

COI PCR

-0.00

COI Strength

-1.00

Interval

On 9:20 VEDL was trading at 526.5 with pcr value 0.65

On 9:25 VEDL was trading at 525.5 with pcr value 0.65

On 9:30 VEDL was trading at 526.25 with pcr value 0.65

On 9:35 VEDL was trading at 525.7 with pcr value 0.65

On 9:40 VEDL was trading at 525.8 with pcr value 0.65

On 9:45 VEDL was trading at 525.3 with pcr value 0.65

On 9:50 VEDL was trading at 524.7 with pcr value 0.65

On 9:55 VEDL was trading at 523.2 with pcr value 0.65

On 10:00 VEDL was trading at 522.8 with pcr value 0.64

On 10:05 VEDL was trading at 522 with pcr value 0.64

On 10:10 VEDL was trading at 521.65 with pcr value 0.64

On 10:15 VEDL was trading at 520.9 with pcr value 0.64

On 10:20 VEDL was trading at 521.1 with pcr value 0.63

On 10:25 VEDL was trading at 521.25 with pcr value 0.63

On 10:30 VEDL was trading at 520.75 with pcr value 0.63

On 10:35 VEDL was trading at 519.95 with pcr value 0.63

On 10:40 VEDL was trading at 520.1 with pcr value 0.63

On 10:45 VEDL was trading at 520.9 with pcr value 0.63

On 10:48 VEDL was trading at 521.45 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	1,644	2,914	0.56	92	185	0.50
ABB	4,836	6,181	0.78	-27	70	-0.39
ABCAPITAL	4,307	6,534	0.66	-43	14	-3.07
ADANIENSOL	2,762	4,552	0.61	-46	117	-0.39
ADANIENT	26,819	42,903	0.63	-256	1,141	-0.22
ADANIGREEN	9,192	19,741	0.47	60	412	0.15
ADANIPORTS	9,808	17,281	0.57	323	514	0.63
ALKEM	873	1,335	0.65	52	315	0.17
AMBER	6,719	11,868	0.57	380	441	0.86
AMBUJACEM	9,798	11,509	0.85	24	7	3.43
ANGELONE	7,869	16,781	0.47	-10	1,167	-0.01
APLAPOLLO	2,764	3,228	0.86	1,131	1,256	0.90
APOLLOHOSP	6,476	12,729	0.51	100	421	0.24
ASHOKLEY	11,364	12,232	0.93	427	704	0.61
ASIANPAINT	17,325	21,725	0.80	-869	79	-11.00
ASTRAL	3,960	6,719	0.59	134	366	0.37
AUBANK	5,068	5,401	0.94	56	65	0.86
AUROPHARMA	4,372	8,924	0.49	50	193	0.26
AXISBANK	13,546	23,507	0.58	-169	1,237	-0.14
BAJAJ-AUTO	14,879	26,644	0.56	-175	1,859	-0.09
BAJAJFINSV	13,863	16,742	0.83	-156	1,194	-0.13
BAJFINANCE	20,582	30,041	0.69	-324	1,770	-0.18
BANDHANBNK	8,864	13,129	0.68	-19	-48	0.40
BANKBARODA	11,624	13,379	0.87	-408	511	-0.80
BANKINDIA	2,646	4,254	0.62	13	178	0.07
BDL	7,255	13,469	0.54	1,044	1,752	0.60
BEL	24,052	48,139	0.50	1,646	6,512	0.25
BHARATFORG	3,801	5,979	0.64	178	240	0.74
BHARTIARTL	17,604	33,162	0.53	-70	527	-0.13
BHEL	8,975	19,228	0.47	26	565	0.05
BIOCON	6,448	13,365	0.48	77	451	0.17
BLUESTARCO	766	1,116	0.69	0	20	0.00
BOSCHLTD	1,438	2,361	0.61	41	212	0.19
BPCL	4,767	7,013	0.68	86	229	0.38
BRITANNIA	4,041	6,421	0.63	34	253	0.13
BSE	15,133	21,225	0.71	1,145	506	2.26
CAMS	4,326	7,310	0.59	-10	341	-0.03
CANBK	11,457	16,097	0.71	-245	629	-0.39
CDSL	9,135	18,532	0.49	183	1,688	0.11
CGPOWER	5,146	9,221	0.56	73	158	0.46
CHOLAFIN	3,529	5,707	0.62	327	1,668	0.20
CIPLA	10,604	14,497	0.73	86	262	0.33
COALINDIA	12,603	13,353	0.94	99	334	0.30
COFORGE	9,251	17,126	0.54	80	1,683	0.05
COLPAL	6,650	8,159	0.82	14	72	0.19
CONCOR	7,220	9,414	0.77	32	149	0.21
CROMPTON	6,119	10,232	0.60	171	292	0.59
CUMMINSIND	3,224	4,388	0.73	58	268	0.22
CYIENT	2,283	2,897	0.79	-17	90	-0.19
DABUR	4,482	7,796	0.57	318	188	1.69
DALBHARAT	1,367	2,234	0.61	-21	111	-0.19
DELHIVERY	3,303	5,848	0.56	1	145	0.01
DIVISLAB	5,768	8,132	0.71	65	517	0.13
DIXON	20,652	44,371	0.47	196	1,584	0.12
DLF	14,727	21,846	0.67	1,029	2,658	0.39
DMART	5,300	10,051	0.53	71	283	0.25
DRREDDY	5,099	9,796	0.52	86	58	1.48
EICHERMOT	10,139	12,925	0.78	-28	214	-0.13
ETERNAL	15,748	29,456	0.53	858	2,687	0.32
EXIDEIND	3,877	4,772	0.81	-14	81	-0.17
FEDERALBNK	6,496	7,886	0.82	17	246	0.07
FORTIS	3,056	7,724	0.40	89	919	0.10
GAIL	13,098	19,703	0.66	32	-12	-2.67
GLENMARK	8,313	11,490	0.72	88	21	4.19
GMRAIRPORT	8,713	15,524	0.56	576	743	0.78
GODREJCP	2,938	4,044	0.73	-29	163	-0.18
GODREJPROP	6,591	12,962	0.51	1,180	2,095	0.56
GRASIM	8,502	9,796	0.87	232	401	0.58
HAL	25,941	48,764	0.53	1,735	2,686	0.65
HAVELLS	3,723	4,400	0.85	-8	268	-0.03
HCLTECH	11,786	17,479	0.67	316	703	0.45
HDFCAMC	4,110	5,335	0.77	63	194	0.32
HDFCBANK	39,164	59,620	0.66	1,688	1,243	1.36
HDFCLIFE	7,251	12,682	0.57	329	-123	-2.67
HEROMOTOCO	14,366	16,182	0.89	-2,064	219	-9.42
HFCL	3,920	9,134	0.43	504	1,518	0.33
HINDALCO	15,604	19,909	0.78	513	772	0.66
HINDPETRO	3,937	6,367	0.62	35	14	2.50
HINDUNILVR	5,940	9,523	0.62	106	296	0.36
HINDZINC	9,111	17,042	0.53	-44	269	-0.16
HUDCO	5,725	10,762	0.53	15	585	0.03
ICICIBANK	30,676	40,341	0.76	900	3,399	0.26
ICICIGI	2,682	3,919	0.68	17	248	0.07
ICICIPRULI	1,940	3,098	0.63	61	373	0.16
IDEA	14,579	28,086	0.52	341	375	0.91
IDFCFIRSTB	8,221	13,560	0.61	39	285	0.14
IEX	8,753	12,028	0.73	-77	86	-0.90
IIFL	2,238	3,983	0.56	22	127	0.17
INDHOTEL	5,659	8,302	0.68	88	166	0.53
INDIANB	4,247	10,211	0.42	79	361	0.22
INDIGO	47,712	62,574	0.76	20,958	24,368	0.86
INDUSINDBK	12,043	17,403	0.69	-19	-434	0.04
INDUSTOWER	8,674	13,342	0.65	-215	789	-0.27
INFY	41,227	56,885	0.72	1,367	581	2.35
INOXWIND	5,818	10,068	0.58	10	289	0.03
IOC	6,021	10,048	0.60	87	451	0.19
IRCTC	6,974	10,580	0.66	93	350	0.27
IREDA	5,053	10,375	0.49	33	554	0.06
IRFC	3,849	8,266	0.47	101	511	0.20
ITC	25,482	31,132	0.82	-272	279	-0.97
JINDALSTEL	5,257	7,825	0.67	44	169	0.26
JIOFIN	18,123	22,672	0.80	158	550	0.29
JSWENERGY	9,363	16,885	0.55	-29	1,798	-0.02
JSWSTEEL	13,115	25,965	0.51	-42	1,267	-0.03
JUBLFOOD	4,091	5,824	0.70	16	156	0.10
KALYANKJIL	4,097	7,270	0.56	140	243	0.58
KAYNES	23,090	59,854	0.39	-3,237	-5,688	0.57
KEI	1,261	2,968	0.42	54	73	0.74
KFINTECH	3,545	5,968	0.59	39	154	0.25
KOTAKBANK	15,093	16,699	0.90	132	306	0.43
KPITTECH	2,708	5,279	0.51	-61	433	-0.14
LAURUSLABS	4,878	8,680	0.56	84	240	0.35
LICHSGFIN	7,814	9,328	0.84	377	708	0.53
LICI	5,496	8,904	0.62	76	186	0.41
LODHA	4,537	9,165	0.50	189	529	0.36
LT	16,943	25,057	0.68	-40	1,256	-0.03
LTF	5,058	7,409	0.68	2	279	0.01
LTIM	4,829	5,898	0.82	123	152	0.81
LUPIN	5,059	6,799	0.74	47	225	0.21
M&M	17,108	25,309	0.68	-278	670	-0.41
MANAPPURAM	3,048	4,895	0.62	49	194	0.25
MANKIND	2,155	3,654	0.59	-73	42	-1.74
MARICO	2,965	3,843	0.77	-147	208	-0.71
MARUTI	21,236	26,843	0.79	-441	2,041	-0.22
MAXHEALTH	5,132	10,482	0.49	141	1,029	0.14
MAZDOCK	9,420	15,602	0.60	1,814	2,336	0.78
MCX	14,138	18,246	0.77	590	839	0.70
MFSL	2,552	4,875	0.52	196	950	0.21
MOTHERSON	5,724	8,616	0.66	-29	148	-0.20
MPHASIS	3,507	4,378	0.80	55	6	9.17
MUTHOOTFIN	4,313	9,498	0.45	-19	-54	0.35
NATIONALUM	5,770	7,268	0.79	360	333	1.08
NAUKRI	5,635	7,451	0.76	-81	-38	2.13
NBCC	2,907	5,833	0.50	68	371	0.18
NCC	3,135	6,993	0.45	63	143	0.44
NESTLEIND	4,789	12,611	0.38	246	447	0.55
NHPC	3,020	5,741	0.53	23	52	0.44
NMDC	10,283	12,834	0.80	-3	238	-0.01
NTPC	13,536	18,332	0.74	-207	1,624	-0.13
NUVAMA	1,842	4,199	0.44	24	161	0.15
NYKAA	2,415	6,204	0.39	-25	426	-0.06
OBEROIRLTY	3,542	5,416	0.65	-5	7	-0.71
OFSS	4,042	6,675	0.61	-163	615	-0.27
OIL	2,001	3,406	0.59	-6	160	-0.04
ONGC	8,320	16,564	0.50	114	214	0.53
PAGEIND	3,395	6,601	0.51	50	301	0.17
PATANJALI	3,474	6,690	0.52	-67	523	-0.13
PAYTM	7,760	10,395	0.75	46	98	0.47
PERSISTENT	4,614	7,132	0.65	-232	496	-0.47
PETRONET	8,110	7,393	1.10	41	149	0.28
PFC	19,741	30,341	0.65	334	1,241	0.27
PGEL	7,673	12,028	0.64	783	1,003	0.78
PHOENIXLTD	1,480	2,750	0.54	-17	36	-0.47
PIDILITIND	1,755	2,355	0.75	6	50	0.12
PIIND	2,529	3,609	0.70	-9	93	-0.10
PNB	9,927	18,051	0.55	83	1,006	0.08
PNBHOUSING	3,780	4,398	0.86	34	-66	-0.52
POLICYBZR	3,751	6,029	0.62	521	1,338	0.39
POLYCAB	3,662	5,643	0.65	165	673	0.25
POWERGRID	10,232	14,470	0.71	145	153	0.95
POWERINDIA	4,829	11,030	0.44	271	1,034	0.26
PPLPHARMA	2,488	5,528	0.45	36	206	0.17
PRESTIGE	2,372	3,478	0.68	-10	222	-0.05
RBLBANK	3,908	6,809	0.57	137	640	0.21
RECLTD	20,401	28,731	0.71	579	1,900	0.30
RELIANCE	49,187	88,821	0.55	1,316	1,673	0.79
RVNL	6,383	12,919	0.49	82	399	0.21
SAIL	5,482	9,061	0.61	17	651	0.03
SAMMAANCAP	6,047	9,387	0.64	-3	-77	0.04
SBICARD	4,754	7,205	0.66	-174	-45	3.87
SBILIFE	5,015	7,088	0.71	-14	455	-0.03
SBIN	38,519	61,070	0.63	-2,981	2,266	-1.32
SHREECEM	1,241	2,257	0.55	-11	34	-0.32
SHRIRAMFIN	11,969	18,312	0.65	-343	322	-1.07
SIEMENS	5,346	12,054	0.44	152	1,795	0.08
SOLARINDS	3,408	7,061	0.48	168	345	0.49
SONACOMS	2,334	4,894	0.48	-45	42	-1.07
SRF	5,908	11,556	0.51	32	306	0.10
SUNPHARMA	5,616	12,190	0.46	-183	-837	0.22
SUPREMEIND	3,164	6,061	0.52	64	100	0.64
SUZLON	9,299	21,603	0.43	-87	339	-0.26
SYNGENE	1,602	2,465	0.65	-37	4	-9.25
TATACONSUM	4,786	8,477	0.56	16	52	0.31
TATAELXSI	4,217	8,976	0.47	183	302	0.61
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,003	25,034	0.76	540	1,075	0.50
TATASTEEL	15,415	31,155	0.49	-107	1,448	-0.07
TATATECH	4,556	6,652	0.68	240	226	1.06
TCS	39,115	46,794	0.84	377	2,019	0.19
TECHM	7,608	9,293	0.82	171	1,240	0.14
TIINDIA	2,684	4,560	0.59	77	263	0.29
TITAGARH	2,356	5,168	0.46	-27	373	-0.07
TITAN	11,081	16,625	0.67	313	362	0.86
TMPV	38,436	80,695	0.48	7	5,205	0.00
TORNTPHARM	1,105	2,174	0.51	-10	82	-0.12
TORNTPOWER	1,694	2,818	0.60	8	87	0.09
TRENT	21,466	37,486	0.57	1,430	3,446	0.41
TVSMOTOR	9,238	10,580	0.87	-13	-217	0.06
ULTRACEMCO	9,828	15,453	0.64	139	446	0.31
UNIONBANK	5,546	9,297	0.60	123	511	0.24
UNITDSPR	6,437	8,085	0.80	76	317	0.24
UNOMINDA	2,838	4,943	0.57	59	426	0.14
UPL	4,137	5,457	0.76	224	84	2.67
VBL	8,956	21,455	0.42	-118	392	-0.30
VEDL	20,178	32,082	0.63	17	1,104	0.02
VOLTAS	7,118	7,492	0.95	-41	295	-0.14
WIPRO	11,255	12,815	0.88	702	523	1.34
YESBANK	5,817	11,326	0.51	140	731	0.19
ZYDUSLIFE	3,138	3,799	0.83	6	-15	-0.40

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 VEDL

VEDL

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

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