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.

WIPRO

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.

Wipro Ltd

259.02 -2.72 (-1.04%)

L: 258.8 H: 261.75

Put-Call Ratio - WIPRO

16 Dec 2025 02:50 PM IST

Live

Expiry

Put OI

10,856

Call OI

13,871

PCR

0.78

Put OI Chg

-128

Call OI Chg

-46

COI PCR

2.78

COI Strength

-0.47

Interval

On 9:30 WIPRO was trading at 260.19 with pcr value 0.79

On 9:45 WIPRO was trading at 260.83 with pcr value 0.79

On 10:00 WIPRO was trading at 261.06 with pcr value 0.79

On 10:15 WIPRO was trading at 260.4 with pcr value 0.78

On 10:30 WIPRO was trading at 260.73 with pcr value 0.78

On 10:45 WIPRO was trading at 260.41 with pcr value 0.78

On 11:00 WIPRO was trading at 260.09 with pcr value 0.77

On 11:15 WIPRO was trading at 260.28 with pcr value 0.78

On 11:30 WIPRO was trading at 260.2 with pcr value 0.78

On 11:45 WIPRO was trading at 260.15 with pcr value 0.78

On 12:00 WIPRO was trading at 260.44 with pcr value 0.79

On 12:15 WIPRO was trading at 260.15 with pcr value 0.79

On 12:30 WIPRO was trading at 260.25 with pcr value 0.79

On 12:45 WIPRO was trading at 260.14 with pcr value 0.79

On 13:00 WIPRO was trading at 260.14 with pcr value 0.79

On 13:15 WIPRO was trading at 260.01 with pcr value 0.79

On 13:30 WIPRO was trading at 260.01 with pcr value 0.79

On 13:45 WIPRO was trading at 260.26 with pcr value 0.79

On 14:00 WIPRO was trading at 260.17 with pcr value 0.79

On 14:15 WIPRO was trading at 259.38 with pcr value 0.79

On 14:30 WIPRO was trading at 259.19 with pcr value 0.78

On 14:45 WIPRO was trading at 259.1 with pcr value 0.78

On 14:51 WIPRO was trading at 259.01 with pcr value 0.78

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	2,016	3,237	0.62	-59	-43	1.37
ABB	5,370	6,409	0.84	-121	-286	0.42
ABCAPITAL	4,856	7,715	0.63	-60	-42	1.43
ADANIENSOL	3,443	5,537	0.62	-224	200	-1.12
ADANIENT	26,543	44,174	0.60	-651	758	-0.86
ADANIGREEN	10,462	19,748	0.53	-586	739	-0.79
ADANIPORTS	9,157	17,980	0.51	-42	356	-0.12
ALKEM	1,239	1,706	0.73	73	-12	-6.08
AMBER	7,125	10,566	0.67	0	34	0.00
AMBUJACEM	8,607	10,491	0.82	-579	-8	72.38
ANGELONE	7,598	18,147	0.42	-130	654	-0.20
APLAPOLLO	2,443	2,710	0.90	-51	-127	0.40
APOLLOHOSP	7,877	16,295	0.48	320	1,243	0.26
ASHOKLEY	12,463	13,206	0.94	689	749	0.92
ASIANPAINT	17,239	34,134	0.51	-110	-517	0.21
ASTRAL	4,481	7,970	0.56	375	230	1.63
AUBANK	6,406	7,543	0.85	-228	-61	3.74
AUROPHARMA	4,479	10,344	0.43	-167	215	-0.78
AXISBANK	22,655	55,082	0.41	8,298	25,810	0.32
BAJAJ-AUTO	14,950	27,777	0.54	571	88	6.49
BAJAJFINSV	13,599	20,317	0.67	240	1,197	0.20
BAJFINANCE	23,172	40,504	0.57	642	2,403	0.27
BANDHANBNK	7,656	11,415	0.67	-12	-33	0.36
BANKBARODA	12,290	16,836	0.73	173	722	0.24
BANKINDIA	3,335	4,719	0.71	11	96	0.11
BDL	8,484	20,930	0.41	946	2,971	0.32
BEL	27,253	62,127	0.44	682	2,418	0.28
BHARATFORG	4,293	6,817	0.63	123	1	123.00
BHARTIARTL	19,831	41,159	0.48	966	568	1.70
BHEL	9,001	17,977	0.50	-155	453	-0.34
BIOCON	6,475	13,022	0.50	79	498	0.16
BLUESTARCO	1,359	1,819	0.75	-24	105	-0.23
BOSCHLTD	1,602	3,202	0.50	59	195	0.30
BPCL	5,500	8,979	0.61	-130	921	-0.14
BRITANNIA	6,562	9,531	0.69	745	1,895	0.39
BSE	18,637	38,362	0.49	550	4,620	0.12
CAMS	4,339	7,322	0.59	-49	-96	0.51
CANBK	12,119	16,098	0.75	83	470	0.18
CDSL	9,569	22,038	0.43	-52	423	-0.12
CGPOWER	4,673	8,996	0.52	-93	120	-0.78
CHOLAFIN	3,654	5,708	0.64	29	409	0.07
CIPLA	10,139	15,475	0.66	111	717	0.15
COALINDIA	12,546	13,016	0.96	-60	-6	10.00
COFORGE	8,759	20,674	0.42	77	-681	-0.11
COLPAL	6,504	10,669	0.61	78	1,237	0.06
CONCOR	7,715	10,162	0.76	13	320	0.04
CROMPTON	6,362	11,760	0.54	-38	46	-0.83
CUMMINSIND	3,556	4,521	0.79	32	135	0.24
CYIENT	1,978	2,932	0.67	-13	10	-1.30
DABUR	5,735	11,127	0.52	515	780	0.66
DALBHARAT	2,899	3,815	0.76	-210	-474	0.44
DELHIVERY	3,912	6,397	0.61	78	628	0.12
DIVISLAB	6,598	9,153	0.72	56	67	0.84
DIXON	36,325	62,694	0.58	-967	3,356	-0.29
DLF	16,605	26,179	0.63	-58	494	-0.12
DMART	7,250	15,987	0.45	131	3,123	0.04
DRREDDY	5,415	10,777	0.50	-176	-62	2.84
EICHERMOT	11,369	16,047	0.71	249	93	2.68
ETERNAL	19,054	35,461	0.54	1,445	7,114	0.20
EXIDEIND	4,021	5,770	0.70	12	221	0.05
FEDERALBNK	8,338	8,003	1.04	-439	144	-3.05
FORTIS	3,641	8,843	0.41	37	-594	-0.06
GAIL	13,456	20,792	0.65	-12	199	-0.06
GLENMARK	8,133	10,953	0.74	282	520	0.54
GMRAIRPORT	10,919	19,706	0.55	-46	1,270	-0.04
GODREJCP	4,000	6,317	0.63	907	2,332	0.39
GODREJPROP	7,055	11,766	0.60	417	803	0.52
GRASIM	9,633	8,621	1.12	78	63	1.24
HAL	27,783	57,022	0.49	12	4,200	0.00
HAVELLS	3,592	4,726	0.76	24	22	1.09
HCLTECH	11,471	20,532	0.56	-29	1,244	-0.02
HDFCAMC	4,666	6,207	0.75	345	512	0.67
HDFCBANK	43,239	63,621	0.68	1,900	-102	-18.63
HDFCLIFE	7,630	18,909	0.40	5	1,432	0.00
HEROMOTOCO	13,070	18,469	0.71	315	219	1.44
HFCL	4,952	11,972	0.41	47	-416	-0.11
HINDALCO	15,533	21,249	0.73	-1,411	-69	20.45
HINDPETRO	3,890	6,771	0.57	-141	372	-0.38
HINDUNILVR	10,045	19,827	0.51	-652	-322	2.02
HINDZINC	24,194	34,346	0.70	-1,524	-621	2.45
HUDCO	6,267	14,350	0.44	2	220	0.01
ICICIBANK	32,239	50,801	0.63	1,078	905	1.19
ICICIGI	3,052	5,462	0.56	-111	-75	1.48
ICICIPRULI	2,384	4,774	0.50	-28	189	-0.15
IDEA	15,269	26,749	0.57	165	-141	-1.17
IDFCFIRSTB	9,778	12,547	0.78	-206	-62	3.32
IEX	8,425	11,573	0.73	-19	-335	0.06
IIFL	2,593	4,521	0.57	-33	324	-0.10
INDHOTEL	5,791	9,108	0.64	76	656	0.11
INDIANB	4,841	12,098	0.40	75	728	0.10
INDIGO	52,232	1,09,781	0.48	-596	-2,995	0.20
INDUSINDBK	12,542	18,608	0.67	165	886	0.19
INDUSTOWER	8,870	15,811	0.56	-48	-5	9.60
INFY	38,215	61,817	0.62	-2,326	747	-3.11
INOXWIND	7,143	14,106	0.51	-90	246	-0.37
IOC	7,215	12,928	0.56	464	1,736	0.27
IRCTC	7,327	11,175	0.66	94	110	0.85
IREDA	4,932	10,208	0.48	18	-104	-0.17
IRFC	4,427	9,429	0.47	-44	273	-0.16
ITC	22,427	34,296	0.65	-2,490	63	-39.52
JINDALSTEL	5,528	8,921	0.62	87	892	0.10
JIOFIN	17,915	25,575	0.70	-235	930	-0.25
JSWENERGY	10,316	15,278	0.68	-718	-119	6.03
JSWSTEEL	13,058	28,288	0.46	-1,262	1,149	-1.10
JUBLFOOD	6,662	9,638	0.69	678	1,569	0.43
KALYANKJIL	4,775	8,846	0.54	36	125	0.29
KAYNES	30,803	76,850	0.40	-114	-397	0.29
KEI	2,167	3,515	0.62	-72	25	-2.88
KFINTECH	4,244	6,717	0.63	181	-38	-4.76
KOTAKBANK	18,921	21,580	0.88	477	796	0.60
KPITTECH	3,539	6,331	0.56	180	775	0.23
LAURUSLABS	5,278	10,128	0.52	53	587	0.09
LICHSGFIN	7,616	10,082	0.76	17	149	0.11
LICI	6,332	12,174	0.52	-156	414	-0.38
LODHA	4,408	10,543	0.42	-202	568	-0.36
LT	18,549	32,499	0.57	-718	115	-6.24
LTF	5,016	7,886	0.64	-10	-195	0.05
LTIM	4,416	5,702	0.77	-51	51	-1.00
LUPIN	5,136	6,835	0.75	23	274	0.08
M&M	17,525	32,963	0.53	100	-716	-0.14
MANAPPURAM	3,749	5,355	0.70	-114	-91	1.25
MANKIND	2,413	4,942	0.49	56	462	0.12
MARICO	3,069	5,230	0.59	350	1,014	0.35
MARUTI	30,660	30,911	0.99	-987	-699	1.41
MAXHEALTH	5,092	10,262	0.50	15	411	0.04
MAZDOCK	10,295	22,249	0.46	323	930	0.35
MCX	15,220	23,194	0.66	569	1,071	0.53
MFSL	2,496	4,452	0.56	114	364	0.31
MOTHERSON	7,551	9,283	0.81	-44	-95	0.46
MPHASIS	3,514	4,833	0.73	-220	40	-5.50
MUTHOOTFIN	6,385	11,903	0.54	42	-89	-0.47
NATIONALUM	6,692	7,843	0.85	-234	-139	1.68
NAUKRI	5,990	7,162	0.84	99	40	2.48
NBCC	3,212	7,017	0.46	-243	367	-0.66
NCC	3,817	8,947	0.43	36	255	0.14
NESTLEIND	4,406	13,910	0.32	264	108	2.44
NHPC	3,219	7,107	0.45	21	322	0.07
NMDC	9,966	13,255	0.75	-449	421	-1.07
NTPC	13,588	22,975	0.59	-1,027	915	-1.12
NUVAMA	2,195	4,135	0.53	97	85	1.14
NYKAA	2,591	6,958	0.37	34	423	0.08
OBEROIRLTY	3,513	5,902	0.60	-71	203	-0.35
OFSS	7,037	9,462	0.74	-778	459	-1.69
OIL	2,459	4,513	0.54	31	182	0.17
ONGC	10,787	26,332	0.41	-765	460	-1.66
PAGEIND	3,416	7,950	0.43	-53	484	-0.11
PATANJALI	3,936	8,913	0.44	81	287	0.28
PAYTM	7,660	12,741	0.60	4	897	0.00
PERSISTENT	6,327	10,809	0.59	-287	375	-0.77
PETRONET	8,661	8,576	1.01	31	209	0.15
PFC	21,044	37,301	0.56	453	3,349	0.14
PGEL	7,773	12,162	0.64	-250	233	-1.07
PHOENIXLTD	1,695	3,418	0.50	-115	60	-1.92
PIDILITIND	1,959	2,587	0.76	-31	-44	0.70
PIIND	3,599	5,982	0.60	-40	27	-1.48
PNB	11,709	22,574	0.52	303	940	0.32
PNBHOUSING	7,290	12,004	0.61	-104	16	-6.50
POLICYBZR	6,097	8,545	0.71	1,087	1,976	0.55
POLYCAB	4,109	6,243	0.66	34	548	0.06
POWERGRID	10,774	17,480	0.62	-94	247	-0.38
POWERINDIA	4,125	11,018	0.37	-77	299	-0.26
PPLPHARMA	2,881	7,284	0.40	119	367	0.32
PRESTIGE	2,774	4,239	0.65	79	372	0.21
RBLBANK	4,760	7,851	0.61	92	479	0.19
RECLTD	22,211	35,058	0.63	524	1,903	0.28
RELIANCE	49,514	97,920	0.51	-642	2,700	-0.24
RVNL	6,430	12,389	0.52	81	571	0.14
SAIL	5,913	10,869	0.54	84	775	0.11
SAMMAANCAP	6,590	12,248	0.54	354	484	0.73
SBICARD	4,827	7,391	0.65	284	661	0.43
SBILIFE	6,723	12,060	0.56	588	370	1.59
SBIN	40,142	66,996	0.60	-134	2,281	-0.06
SHREECEM	2,353	5,816	0.40	417	2,371	0.18
SHRIRAMFIN	12,576	21,105	0.60	49	28	1.75
SIEMENS	9,090	18,025	0.50	-544	236	-2.31
SOLARINDS	3,998	10,552	0.38	154	894	0.17
SONACOMS	2,548	5,571	0.46	-46	-26	1.77
SRF	7,255	9,727	0.75	498	889	0.56
SUNPHARMA	6,497	19,653	0.33	-458	-232	1.96
SUPREMEIND	5,118	8,132	0.63	1,312	425	3.09
SUZLON	10,577	23,952	0.44	245	503	0.49
SYNGENE	1,463	2,788	0.52	-103	-17	6.06
TATACONSUM	5,123	10,390	0.49	260	683	0.38
TATAELXSI	5,517	14,808	0.37	-82	365	-0.22
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,428	27,252	0.71	-70	1,120	-0.06
TATASTEEL	15,553	26,365	0.59	-817	357	-2.29
TATATECH	4,659	7,529	0.62	55	104	0.53
TCS	37,781	49,416	0.76	-643	1,346	-0.48
TECHM	7,443	9,586	0.78	37	9	4.11
TIINDIA	4,728	7,812	0.61	-5	294	-0.02
TITAGARH	2,622	5,130	0.51	54	118	0.46
TITAN	13,532	21,139	0.64	1,495	504	2.97
TMPV	40,741	89,262	0.46	647	1,825	0.35
TORNTPHARM	1,142	2,651	0.43	15	191	0.08
TORNTPOWER	2,364	3,380	0.70	289	590	0.49
TRENT	26,658	50,254	0.53	137	1,178	0.12
TVSMOTOR	9,567	9,604	1.00	179	79	2.27
ULTRACEMCO	11,167	18,589	0.60	-342	1,379	-0.25
UNIONBANK	5,614	8,265	0.68	-65	19	-3.42
UNITDSPR	6,548	8,642	0.76	18	67	0.27
UNOMINDA	2,908	5,104	0.57	236	116	2.03
UPL	4,656	6,827	0.68	-175	192	-0.91
VBL	10,091	23,468	0.43	320	702	0.46
VEDL	32,784	39,789	0.82	4,435	6,059	0.73
VOLTAS	6,545	7,297	0.90	26	-242	-0.11
WIPRO	10,845	13,861	0.78	-139	-56	2.48
YESBANK	6,405	13,376	0.48	-11	350	-0.03
ZYDUSLIFE	3,368	4,893	0.69	75	436	0.17

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.

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