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

548.15 -1.25 (-0.23%)

L: 545.2 H: 552.5

Put-Call Ratio - VEDL

16 Dec 2025 12:42 PM IST

Live

Expiry

Put OI

29,948

Call OI

36,410

PCR

0.82

Put OI Chg

1,599

Call OI Chg

2,680

COI PCR

0.60

COI Strength

-0.25

Interval

On 9:30 VEDL was trading at 549.75 with pcr value 0.85

On 9:45 VEDL was trading at 548.6 with pcr value 0.84

On 10:00 VEDL was trading at 550.5 with pcr value 0.83

On 10:15 VEDL was trading at 549.25 with pcr value 0.82

On 10:30 VEDL was trading at 548.25 with pcr value 0.81

On 10:45 VEDL was trading at 550.65 with pcr value 0.83

On 11:00 VEDL was trading at 549.45 with pcr value 0.83

On 11:15 VEDL was trading at 548.2 with pcr value 0.83

On 11:30 VEDL was trading at 547.25 with pcr value 0.82

On 11:45 VEDL was trading at 548.4 with pcr value 0.82

On 12:00 VEDL was trading at 548.35 with pcr value 0.82

On 12:15 VEDL was trading at 548.45 with pcr value 0.82

On 12:30 VEDL was trading at 548.8 with pcr value 0.82

On 12:43 VEDL was trading at 548.45 with pcr value 0.82

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	2,057	3,263	0.63	-18	-17	1.06
ABB	5,409	6,685	0.81	-82	-10	8.20
ABCAPITAL	4,840	7,649	0.63	-76	-108	0.70
ADANIENSOL	3,499	5,535	0.63	-168	198	-0.85
ADANIENT	26,521	44,288	0.60	-673	872	-0.77
ADANIGREEN	10,985	19,654	0.56	-63	645	-0.10
ADANIPORTS	9,220	17,957	0.51	21	333	0.06
ALKEM	1,240	1,721	0.72	74	3	24.67
AMBER	7,102	10,579	0.67	-23	47	-0.49
AMBUJACEM	8,718	10,693	0.82	-468	194	-2.41
ANGELONE	7,645	17,618	0.43	-83	125	-0.66
APLAPOLLO	2,423	2,845	0.85	-71	8	-8.88
APOLLOHOSP	7,858	15,852	0.50	301	800	0.38
ASHOKLEY	12,346	13,364	0.92	572	907	0.63
ASIANPAINT	17,418	33,968	0.51	69	-683	-0.10
ASTRAL	4,680	8,089	0.58	574	349	1.64
AUBANK	6,427	7,569	0.85	-207	-35	5.91
AUROPHARMA	4,461	10,248	0.44	-185	119	-1.55
AXISBANK	19,983	48,498	0.41	5,626	19,226	0.29
BAJAJ-AUTO	14,836	28,778	0.52	457	1,089	0.42
BAJAJFINSV	13,436	19,825	0.68	77	705	0.11
BAJFINANCE	22,735	39,511	0.58	205	1,410	0.15
BANDHANBNK	7,666	11,442	0.67	-2	-6	0.33
BANKBARODA	12,255	17,024	0.72	138	910	0.15
BANKINDIA	3,353	4,681	0.72	29	58	0.50
BDL	8,877	20,218	0.44	1,339	2,259	0.59
BEL	27,264	61,650	0.44	693	1,941	0.36
BHARATFORG	4,211	6,883	0.61	41	67	0.61
BHARTIARTL	19,986	41,192	0.49	1,121	601	1.87
BHEL	9,075	18,066	0.50	-81	542	-0.15
BIOCON	6,449	12,809	0.50	53	285	0.19
BLUESTARCO	1,329	1,746	0.76	-54	32	-1.69
BOSCHLTD	1,604	3,237	0.50	61	230	0.27
BPCL	5,641	9,218	0.61	11	1,160	0.01
BRITANNIA	6,802	9,381	0.73	985	1,745	0.56
BSE	18,325	38,076	0.48	238	4,334	0.05
CAMS	4,350	7,513	0.58	-38	95	-0.40
CANBK	12,167	16,052	0.76	131	424	0.31
CDSL	9,581	21,744	0.44	-40	129	-0.31
CGPOWER	4,713	8,989	0.52	-53	113	-0.47
CHOLAFIN	3,642	5,701	0.64	17	402	0.04
CIPLA	10,087	15,253	0.66	59	495	0.12
COALINDIA	12,562	13,329	0.94	-44	307	-0.14
COFORGE	8,821	20,835	0.42	139	-520	-0.27
COLPAL	6,491	10,663	0.61	65	1,231	0.05
CONCOR	7,732	9,975	0.78	30	133	0.23
CROMPTON	6,413	11,768	0.54	13	54	0.24
CUMMINSIND	3,575	4,511	0.79	51	125	0.41
CYIENT	1,985	2,949	0.67	-6	27	-0.22
DABUR	5,698	11,159	0.51	478	812	0.59
DALBHARAT	2,877	3,782	0.76	-232	-507	0.46
DELHIVERY	3,850	6,194	0.62	16	425	0.04
DIVISLAB	6,545	9,096	0.72	3	10	0.30
DIXON	36,589	62,684	0.58	-703	3,346	-0.21
DLF	16,578	26,084	0.64	-85	399	-0.21
DMART	7,750	15,349	0.50	631	2,485	0.25
DRREDDY	5,428	10,816	0.50	-163	-23	7.09
EICHERMOT	11,515	16,118	0.71	395	164	2.41
ETERNAL	18,712	35,528	0.53	1,103	7,181	0.15
EXIDEIND	4,005	5,732	0.70	-4	183	-0.02
FEDERALBNK	8,288	8,089	1.02	-489	230	-2.13
FORTIS	3,721	9,004	0.41	117	-433	-0.27
GAIL	13,400	20,750	0.65	-68	157	-0.43
GLENMARK	7,994	10,783	0.74	143	350	0.41
GMRAIRPORT	10,837	19,236	0.56	-128	800	-0.16
GODREJCP	4,223	6,342	0.67	1,130	2,357	0.48
GODREJPROP	6,727	11,376	0.59	89	413	0.22
GRASIM	9,621	8,436	1.14	66	-122	-0.54
HAL	27,894	56,312	0.50	123	3,490	0.04
HAVELLS	3,614	4,657	0.78	46	-47	-0.98
HCLTECH	11,385	20,351	0.56	-115	1,063	-0.11
HDFCAMC	4,640	6,170	0.75	319	475	0.67
HDFCBANK	42,795	64,952	0.66	1,456	1,229	1.18
HDFCLIFE	7,824	18,444	0.42	199	967	0.21
HEROMOTOCO	13,168	18,431	0.71	413	181	2.28
HFCL	4,929	12,172	0.40	24	-216	-0.11
HINDALCO	15,661	21,267	0.74	-1,283	-51	25.16
HINDPETRO	3,874	6,629	0.58	-157	230	-0.68
HINDUNILVR	10,226	19,865	0.51	-471	-284	1.66
HINDZINC	24,753	35,630	0.69	-965	663	-1.46
HUDCO	6,308	14,304	0.44	43	174	0.25
ICICIBANK	31,794	50,662	0.63	633	766	0.83
ICICIGI	3,133	5,528	0.57	-30	-9	3.33
ICICIPRULI	2,440	4,823	0.51	28	238	0.12
IDEA	15,386	26,543	0.58	282	-347	-0.81
IDFCFIRSTB	9,952	12,580	0.79	-32	-29	1.10
IEX	8,416	11,667	0.72	-28	-241	0.12
IIFL	2,624	4,618	0.57	-2	421	-0.00
INDHOTEL	5,812	8,977	0.65	97	525	0.18
INDIANB	4,857	12,123	0.40	91	753	0.12
INDIGO	52,856	1,09,934	0.48	28	-2,842	-0.01
INDUSINDBK	12,499	18,492	0.68	122	770	0.16
INDUSTOWER	8,840	15,760	0.56	-78	-56	1.39
INFY	38,587	61,666	0.63	-1,954	596	-3.28
INOXWIND	7,147	13,994	0.51	-86	134	-0.64
IOC	7,335	12,858	0.57	584	1,666	0.35
IRCTC	7,336	11,145	0.66	103	80	1.29
IREDA	4,963	10,165	0.49	49	-147	-0.33
IRFC	4,459	9,423	0.47	-12	267	-0.04
ITC	23,471	34,284	0.68	-1,446	51	-28.35
JINDALSTEL	5,603	8,764	0.64	162	735	0.22
JIOFIN	17,956	25,677	0.70	-194	1,032	-0.19
JSWENERGY	10,448	15,558	0.67	-586	161	-3.64
JSWSTEEL	13,941	28,198	0.49	-379	1,059	-0.36
JUBLFOOD	6,543	9,189	0.71	559	1,120	0.50
KALYANKJIL	4,775	8,890	0.54	36	169	0.21
KAYNES	31,183	77,729	0.40	266	482	0.55
KEI	2,172	3,503	0.62	-67	13	-5.15
KFINTECH	4,216	6,767	0.62	153	12	12.75
KOTAKBANK	18,830	21,368	0.88	386	584	0.66
KPITTECH	3,434	6,310	0.54	75	754	0.10
LAURUSLABS	5,249	10,136	0.52	24	595	0.04
LICHSGFIN	7,538	10,111	0.75	-61	178	-0.34
LICI	6,526	12,275	0.53	38	515	0.07
LODHA	4,400	10,370	0.42	-210	395	-0.53
LT	18,725	32,551	0.58	-542	167	-3.25
LTF	5,011	7,987	0.63	-15	-94	0.16
LTIM	4,447	5,688	0.78	-20	37	-0.54
LUPIN	5,154	6,806	0.76	41	245	0.17
M&M	17,748	33,016	0.54	323	-663	-0.49
MANAPPURAM	3,776	5,322	0.71	-87	-124	0.70
MANKIND	2,374	4,791	0.50	17	311	0.05
MARICO	3,168	5,041	0.63	449	825	0.54
MARUTI	30,953	31,162	0.99	-694	-448	1.55
MAXHEALTH	5,092	10,159	0.50	15	308	0.05
MAZDOCK	10,238	22,201	0.46	266	882	0.30
MCX	15,280	23,139	0.66	629	1,016	0.62
MFSL	2,513	4,385	0.57	131	297	0.44
MOTHERSON	7,569	9,256	0.82	-26	-122	0.21
MPHASIS	3,528	4,864	0.73	-206	71	-2.90
MUTHOOTFIN	6,361	12,004	0.53	18	12	1.50
NATIONALUM	6,700	7,900	0.85	-226	-82	2.76
NAUKRI	5,962	7,377	0.81	71	255	0.28
NBCC	3,262	6,887	0.47	-193	237	-0.81
NCC	3,859	8,851	0.44	78	159	0.49
NESTLEIND	4,387	13,893	0.32	245	91	2.69
NHPC	3,223	7,077	0.46	25	292	0.09
NMDC	9,970	12,879	0.77	-445	45	-9.91
NTPC	13,874	22,716	0.61	-741	656	-1.13
NUVAMA	2,227	4,125	0.54	129	75	1.72
NYKAA	2,609	6,908	0.38	52	373	0.14
OBEROIRLTY	3,525	5,675	0.62	-59	-24	2.46
OFSS	7,074	9,552	0.74	-741	549	-1.35
OIL	2,442	4,460	0.55	14	129	0.11
ONGC	11,001	26,043	0.42	-551	171	-3.22
PAGEIND	3,479	7,563	0.46	10	97	0.10
PATANJALI	3,908	8,669	0.45	53	43	1.23
PAYTM	7,544	12,591	0.60	-112	747	-0.15
PERSISTENT	6,451	10,600	0.61	-163	166	-0.98
PETRONET	8,621	8,488	1.02	-9	121	-0.07
PFC	20,852	36,758	0.57	261	2,806	0.09
PGEL	7,834	12,426	0.63	-189	497	-0.38
PHOENIXLTD	1,679	3,385	0.50	-131	27	-4.85
PIDILITIND	2,014	2,653	0.76	24	22	1.09
PIIND	3,629	5,982	0.61	-10	27	-0.37
PNB	11,488	22,424	0.51	82	790	0.10
PNBHOUSING	7,281	11,699	0.62	-113	-289	0.39
POLICYBZR	6,107	8,857	0.69	1,097	2,288	0.48
POLYCAB	4,102	6,095	0.67	27	400	0.07
POWERGRID	10,840	17,591	0.62	-28	358	-0.08
POWERINDIA	4,163	10,779	0.39	-39	60	-0.65
PPLPHARMA	2,824	7,253	0.39	62	336	0.18
PRESTIGE	2,696	4,167	0.65	1	300	0.00
RBLBANK	4,790	7,789	0.61	122	417	0.29
RECLTD	21,937	34,310	0.64	250	1,155	0.22
RELIANCE	49,347	98,417	0.50	-809	3,197	-0.25
RVNL	6,299	12,214	0.52	-50	396	-0.13
SAIL	5,918	10,749	0.55	89	655	0.14
SAMMAANCAP	6,539	12,167	0.54	303	403	0.75
SBICARD	4,717	7,446	0.63	174	716	0.24
SBILIFE	6,734	11,859	0.57	599	169	3.54
SBIN	40,056	66,763	0.60	-220	2,048	-0.11
SHREECEM	2,219	4,717	0.47	283	1,272	0.22
SHRIRAMFIN	12,575	21,209	0.59	48	132	0.36
SIEMENS	9,263	18,053	0.51	-371	264	-1.41
SOLARINDS	3,841	10,199	0.38	-3	541	-0.01
SONACOMS	2,565	5,774	0.44	-29	177	-0.16
SRF	7,177	9,850	0.73	420	1,012	0.42
SUNPHARMA	6,431	19,406	0.33	-524	-479	1.09
SUPREMEIND	5,335	8,779	0.61	1,529	1,072	1.43
SUZLON	10,538	23,838	0.44	206	389	0.53
SYNGENE	1,520	2,764	0.55	-46	-41	1.12
TATACONSUM	5,194	10,667	0.49	331	960	0.34
TATAELXSI	5,574	14,727	0.38	-25	284	-0.09
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,436	26,778	0.73	-62	646	-0.10
TATASTEEL	15,532	26,480	0.59	-838	472	-1.78
TATATECH	4,650	7,501	0.62	46	76	0.61
TCS	37,492	49,523	0.76	-932	1,453	-0.64
TECHM	7,428	9,553	0.78	22	-24	-0.92
TIINDIA	4,702	7,858	0.60	-31	340	-0.09
TITAGARH	2,612	5,135	0.51	44	123	0.36
TITAN	12,983	21,162	0.61	946	527	1.80
TMPV	40,760	87,802	0.46	666	365	1.82
TORNTPHARM	1,152	2,641	0.44	25	181	0.14
TORNTPOWER	2,008	2,981	0.67	-67	191	-0.35
TRENT	26,740	50,412	0.53	219	1,336	0.16
TVSMOTOR	9,561	9,673	0.99	173	148	1.17
ULTRACEMCO	11,238	18,063	0.62	-271	853	-0.32
UNIONBANK	5,640	8,302	0.68	-39	56	-0.70
UNITDSPR	6,508	8,581	0.76	-22	6	-3.67
UNOMINDA	2,980	5,236	0.57	308	248	1.24
UPL	4,718	6,695	0.70	-113	60	-1.88
VBL	10,092	23,187	0.44	321	421	0.76
VEDL	29,948	36,410	0.82	1,599	2,680	0.60
VOLTAS	6,426	7,658	0.84	-93	119	-0.78
WIPRO	10,819	13,745	0.79	-165	-172	0.96
YESBANK	6,426	13,463	0.48	10	437	0.02
ZYDUSLIFE	3,345	4,821	0.69	52	364	0.14

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

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

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