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.

CRUDEOILM

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.

Crude Oil Mini

5086 +17.00 (0.34%)

L: 5033 H: 5112

Put-Call Ratio - CRUDEOILM

17 Dec 2025 11:46 AM IST

Live

Expiry

Put OI

4,041

Call OI

33,472

PCR

0.12

Put OI Chg

452

Call OI Chg

626

COI PCR

0.72

COI Strength

-0.16

Interval

On 9:30 CRUDEOILM was trading at 5047 with pcr value 0.12

On 9:45 CRUDEOILM was trading at 5057 with pcr value 0.12

On 10:00 CRUDEOILM was trading at 5070 with pcr value 0.12

On 10:15 CRUDEOILM was trading at 5076 with pcr value 0.12

On 10:30 CRUDEOILM was trading at 5083 with pcr value 0.11

On 10:45 CRUDEOILM was trading at 5084 with pcr value 0.12

On 11:00 CRUDEOILM was trading at 5071 with pcr value 0.12

On 11:15 CRUDEOILM was trading at 5088 with pcr value 0.12

On 11:30 CRUDEOILM was trading at 5080 with pcr value 0.12

On 11:45 CRUDEOILM was trading at 5085 with pcr value 0.12

On 11:47 CRUDEOILM was trading at 5086 with pcr value 0.12

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	2,298	3,873	0.59	284	614	0.46
ABB	5,343	6,498	0.82	-9	170	-0.05
ABCAPITAL	5,057	7,879	0.64	294	106	2.77
ADANIENSOL	3,350	5,883	0.57	-5	120	-0.04
ADANIENT	26,320	44,901	0.59	123	885	0.14
ADANIGREEN	10,608	19,282	0.55	317	-254	-1.25
ADANIPORTS	9,343	18,559	0.50	190	476	0.40
ALKEM	1,273	1,889	0.67	41	215	0.19
AMBER	7,031	10,490	0.67	18	232	0.08
AMBUJACEM	8,609	10,354	0.83	77	56	1.38
ANGELONE	7,623	19,018	0.40	42	520	0.08
APLAPOLLO	2,497	2,748	0.91	68	44	1.55
APOLLOHOSP	8,171	16,775	0.49	326	584	0.56
ASHOKLEY	12,397	12,772	0.97	91	-3	-30.33
ASIANPAINT	17,147	34,148	0.50	-152	-18	8.44
ASTRAL	4,256	8,121	0.52	-146	182	-0.80
AUBANK	6,687	8,159	0.82	379	654	0.58
AUROPHARMA	4,501	10,456	0.43	49	93	0.53
AXISBANK	25,474	55,007	0.46	-1,226	-4,712	0.26
BAJAJ-AUTO	14,770	27,859	0.53	5	523	0.01
BAJAJFINSV	14,636	21,144	0.69	264	636	0.42
BAJFINANCE	23,732	40,088	0.59	348	-796	-0.44
BANDHANBNK	7,644	11,410	0.67	0	0	0.00
BANKBARODA	12,034	15,949	0.75	-235	-812	0.29
BANKINDIA	3,362	5,081	0.66	51	381	0.13
BDL	8,728	21,909	0.40	442	1,185	0.37
BEL	27,048	61,503	0.44	-38	-338	0.11
BHARATFORG	4,212	7,030	0.60	8	133	0.06
BHARTIARTL	19,461	39,920	0.49	31	-138	-0.22
BHEL	8,842	18,403	0.48	-35	455	-0.08
BIOCON	6,451	12,944	0.50	38	-47	-0.81
BLUESTARCO	1,447	1,852	0.78	68	96	0.71
BOSCHLTD	1,676	3,371	0.50	63	184	0.34
BPCL	5,530	9,513	0.58	86	405	0.21
BRITANNIA	6,654	10,009	0.66	253	945	0.27
BSE	18,297	37,152	0.49	96	-428	-0.22
CAMS	4,797	7,366	0.65	459	29	15.83
CANBK	12,487	15,392	0.81	483	-664	-0.73
CDSL	9,782	23,050	0.42	223	1,079	0.21
CGPOWER	5,101	11,364	0.45	475	2,360	0.20
CHOLAFIN	3,638	5,681	0.64	65	62	1.05
CIPLA	10,209	15,749	0.65	124	281	0.44
COALINDIA	12,811	12,886	0.99	272	-40	-6.80
COFORGE	8,674	19,971	0.43	-10	-177	0.06
COLPAL	6,830	11,397	0.60	324	704	0.46
CONCOR	7,781	10,337	0.75	145	177	0.82
CROMPTON	6,392	11,863	0.54	46	92	0.50
CUMMINSIND	3,864	5,147	0.75	294	664	0.44
CYIENT	1,935	2,987	0.65	0	47	0.00
DABUR	6,005	11,392	0.53	111	223	0.50
DALBHARAT	2,871	3,874	0.74	-9	39	-0.23
DELHIVERY	3,934	6,476	0.61	20	99	0.20
DIVISLAB	6,696	9,451	0.71	112	366	0.31
DIXON	37,818	67,129	0.56	2,193	4,608	0.48
DLF	16,825	26,717	0.63	272	719	0.38
DMART	7,234	15,603	0.46	58	20	2.90
DRREDDY	5,277	10,728	0.49	-58	-100	0.58
EICHERMOT	11,531	16,051	0.72	725	27	26.85
ETERNAL	19,257	36,228	0.53	-20	43	-0.47
EXIDEIND	4,181	6,225	0.67	137	471	0.29
FEDERALBNK	8,309	8,246	1.01	196	232	0.84
FORTIS	3,595	8,592	0.42	61	-113	-0.54
GAIL	13,476	20,442	0.66	-61	-254	0.24
GLENMARK	7,980	11,136	0.72	-52	232	-0.22
GMRAIRPORT	10,842	19,783	0.55	43	284	0.15
GODREJCP	3,798	5,782	0.66	-125	-109	1.15
GODREJPROP	7,053	11,772	0.60	41	56	0.73
GRASIM	9,477	8,754	1.08	-32	122	-0.26
HAL	28,522	57,282	0.50	620	573	1.08
HAVELLS	3,703	4,910	0.75	160	123	1.30
HCLTECH	11,536	20,550	0.56	11	391	0.03
HDFCAMC	5,034	6,738	0.75	401	290	1.38
HDFCBANK	42,658	71,202	0.60	24	8,007	0.00
HDFCLIFE	7,265	17,537	0.41	-362	-1,555	0.23
HEROMOTOCO	12,874	20,311	0.63	-60	1,894	-0.03
HFCL	4,613	11,853	0.39	-301	-149	2.02
HINDALCO	15,972	21,928	0.73	480	819	0.59
HINDPETRO	3,922	6,959	0.56	56	82	0.68
HINDUNILVR	9,971	20,609	0.48	77	533	0.14
HINDZINC	26,472	38,382	0.69	2,380	4,734	0.50
HUDCO	6,427	14,297	0.45	68	0	0.00
ICICIBANK	34,077	57,290	0.59	2,019	6,972	0.29
ICICIGI	3,103	5,627	0.55	40	140	0.29
ICICIPRULI	2,305	4,835	0.48	-10	29	-0.34
IDEA	15,243	25,980	0.59	26	-536	-0.05
IDFCFIRSTB	9,791	12,775	0.77	141	201	0.70
IEX	8,451	11,601	0.73	40	24	1.67
IIFL	2,643	4,405	0.60	42	101	0.42
INDHOTEL	5,857	9,966	0.59	79	773	0.10
INDIANB	4,717	12,138	0.39	-114	124	-0.92
INDIGO	51,185	1,08,686	0.47	-421	-348	1.21
INDUSINDBK	13,090	18,900	0.69	250	461	0.54
INDUSTOWER	8,743	15,431	0.57	25	-29	-0.86
INFY	38,549	62,819	0.61	576	1,099	0.52
INOXWIND	6,908	13,876	0.50	-88	-80	1.10
IOC	7,821	12,126	0.64	591	-486	-1.22
IRCTC	7,618	11,158	0.68	315	108	2.92
IREDA	4,953	10,411	0.48	17	111	0.15
IRFC	4,649	9,595	0.48	90	80	1.13
ITC	21,800	34,395	0.63	-87	206	-0.42
JINDALSTEL	5,533	9,037	0.61	27	126	0.21
JIOFIN	18,023	26,812	0.67	7	995	0.01
JSWENERGY	10,312	15,117	0.68	146	-20	-7.30
JSWSTEEL	12,750	28,708	0.44	-14	245	-0.06
JUBLFOOD	5,880	10,585	0.56	105	844	0.12
KALYANKJIL	4,875	8,910	0.55	103	131	0.79
KAYNES	30,785	78,195	0.39	231	1,988	0.12
KEI	2,815	3,887	0.72	655	338	1.94
KFINTECH	4,247	6,854	0.62	5	116	0.04
KOTAKBANK	18,264	21,585	0.85	-390	409	-0.95
KPITTECH	3,730	6,534	0.57	101	129	0.78
LAURUSLABS	5,336	9,752	0.55	161	-166	-0.97
LICHSGFIN	7,672	10,093	0.76	52	-32	-1.63
LICI	6,075	11,908	0.51	-160	-52	3.08
LODHA	4,669	12,214	0.38	296	1,761	0.17
LT	18,036	32,173	0.56	-459	-16	28.69
LTF	5,031	8,040	0.63	55	245	0.22
LTIM	4,581	6,101	0.75	103	475	0.22
LUPIN	5,278	6,812	0.77	184	-12	-15.33
M&M	17,121	32,706	0.52	-187	46	-4.07
MANAPPURAM	3,742	5,650	0.66	33	250	0.13
MANKIND	2,439	5,069	0.48	42	70	0.60
MARICO	3,138	5,345	0.59	54	181	0.30
MARUTI	29,625	31,621	0.94	-9	725	-0.01
MAXHEALTH	5,913	11,047	0.54	865	913	0.95
MAZDOCK	10,006	23,264	0.43	-108	643	-0.17
MCX	15,568	23,827	0.65	510	959	0.53
MFSL	2,421	4,742	0.51	-11	259	-0.04
MOTHERSON	7,570	9,408	0.80	56	168	0.33
MPHASIS	3,536	4,838	0.73	67	152	0.44
MUTHOOTFIN	6,584	11,343	0.58	205	-434	-0.47
NATIONALUM	6,863	8,449	0.81	163	637	0.26
NAUKRI	6,005	7,035	0.85	10	-40	-0.25
NBCC	3,310	8,043	0.41	115	1,053	0.11
NCC	3,791	8,786	0.43	-2	-270	0.01
NESTLEIND	4,364	14,247	0.31	-56	403	-0.14
NHPC	3,232	7,131	0.45	29	72	0.40
NMDC	10,146	13,795	0.74	238	531	0.45
NTPC	13,713	22,690	0.60	-72	-156	0.47
NUVAMA	2,374	4,227	0.56	230	78	2.95
NYKAA	2,625	7,000	0.38	41	20	2.05
OBEROIRLTY	3,502	5,738	0.61	1	-30	-0.03
OFSS	6,776	9,745	0.70	-201	384	-0.52
OIL	2,495	4,859	0.51	14	292	0.05
ONGC	11,141	26,963	0.41	392	866	0.45
PAGEIND	3,432	8,736	0.39	72	819	0.09
PATANJALI	4,186	9,293	0.45	300	574	0.52
PAYTM	7,891	14,095	0.56	170	1,212	0.14
PERSISTENT	6,520	11,074	0.59	168	357	0.47
PETRONET	8,917	8,522	1.05	-123	-312	0.39
PFC	20,868	36,385	0.57	-40	-389	0.10
PGEL	7,921	12,458	0.64	135	313	0.43
PHOENIXLTD	1,714	3,487	0.49	54	57	0.95
PIDILITIND	1,939	2,660	0.73	-13	138	-0.09
PIIND	3,503	5,991	0.58	-92	277	-0.33
PNB	11,708	21,858	0.54	125	-711	-0.18
PNBHOUSING	7,261	11,968	0.61	-46	1	-46.00
POLICYBZR	6,770	9,293	0.73	661	642	1.03
POLYCAB	6,785	8,586	0.79	2,646	2,465	1.07
POWERGRID	10,657	17,614	0.61	-32	-84	0.38
POWERINDIA	3,964	10,423	0.38	-94	-501	0.19
PPLPHARMA	2,900	7,022	0.41	28	-202	-0.14
PRESTIGE	2,767	4,348	0.64	-14	123	-0.11
RBLBANK	4,895	8,092	0.60	109	404	0.27
RECLTD	21,920	35,435	0.62	162	218	0.74
RELIANCE	50,086	99,609	0.50	998	1,748	0.57
RVNL	6,349	12,872	0.49	-17	352	-0.05
SAIL	5,897	10,639	0.55	-44	-23	1.91
SAMMAANCAP	6,742	13,171	0.51	71	827	0.09
SBICARD	5,027	7,665	0.66	94	180	0.52
SBILIFE	6,069	11,662	0.52	-233	-396	0.59
SBIN	43,387	61,776	0.70	3,398	-5,684	-0.60
SHREECEM	2,349	5,743	0.41	12	-99	-0.12
SHRIRAMFIN	13,564	23,625	0.57	923	2,496	0.37
SIEMENS	9,072	18,186	0.50	167	309	0.54
SOLARINDS	4,180	10,899	0.38	284	297	0.96
SONACOMS	2,574	5,580	0.46	-22	7	-3.14
SRF	7,193	9,631	0.75	77	261	0.30
SUNPHARMA	6,694	20,427	0.33	-197	-724	0.27
SUPREMEIND	4,477	7,113	0.63	-253	-757	0.33
SUZLON	10,632	24,259	0.44	-1	566	-0.00
SYNGENE	1,442	2,854	0.51	12	15	0.80
TATACONSUM	5,479	10,218	0.54	345	108	3.19
TATAELXSI	5,547	15,194	0.37	84	140	0.60
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,492	26,599	0.73	125	-172	-0.73
TATASTEEL	15,641	26,496	0.59	156	175	0.89
TATATECH	4,616	7,529	0.61	7	13	0.54
TCS	38,092	49,511	0.77	435	601	0.72
TECHM	7,611	10,355	0.74	229	779	0.29
TIINDIA	4,677	7,901	0.59	-24	157	-0.15
TITAGARH	2,623	5,276	0.50	12	110	0.11
TITAN	14,223	21,201	0.67	-441	-69	6.39
TMPV	40,975	88,264	0.46	711	1,002	0.71
TORNTPHARM	1,159	2,749	0.42	23	99	0.23
TORNTPOWER	1,992	3,232	0.62	-31	-7	4.43
TRENT	26,574	50,563	0.53	-74	612	-0.12
TVSMOTOR	9,750	9,679	1.01	283	127	2.23
ULTRACEMCO	11,309	19,324	0.59	178	457	0.39
UNIONBANK	5,579	8,299	0.67	17	18	0.94
UNITDSPR	7,035	8,944	0.79	507	259	1.96
UNOMINDA	2,813	5,058	0.56	-19	60	-0.32
UPL	4,770	6,950	0.69	152	205	0.74
VBL	10,012	24,023	0.42	-127	378	-0.34
VEDL	40,756	44,398	0.92	2,217	3,564	0.62
VOLTAS	6,497	7,830	0.83	36	627	0.06
WIPRO	10,976	13,891	0.79	183	123	1.49
YESBANK	6,456	13,114	0.49	33	-192	-0.17
ZYDUSLIFE	3,378	4,792	0.70	18	-150	-0.12

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 CRUDEOILM

CRUDEOILM

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

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