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.

DMART

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.

Avenue Supermarts Limited

3897.7 +72.10 (1.88%)

L: 3867 H: 3914.8

Put-Call Ratio - DMART

16 Dec 2025 12:19 PM IST

Live

Expiry

Put OI

7,794

Call OI

15,246

PCR

0.51

Put OI Chg

675

Call OI Chg

2,382

COI PCR

0.28

COI Strength

-0.56

Interval

On 9:30 DMART was trading at 3890.9 with pcr value 0.53

On 9:45 DMART was trading at 3886.1 with pcr value 0.52

On 10:00 DMART was trading at 3894.4 with pcr value 0.53

On 10:15 DMART was trading at 3886.7 with pcr value 0.52

On 10:30 DMART was trading at 3908.9 with pcr value 0.54

On 10:45 DMART was trading at 3911.1 with pcr value 0.54

On 11:00 DMART was trading at 3907.1 with pcr value 0.54

On 11:15 DMART was trading at 3903 with pcr value 0.53

On 11:30 DMART was trading at 3899.4 with pcr value 0.53

On 11:45 DMART was trading at 3900.6 with pcr value 0.53

On 12:00 DMART was trading at 3895.8 with pcr value 0.52

On 12:15 DMART was trading at 3895.5 with pcr value 0.51

On 12:20 DMART was trading at 3897.2 with pcr value 0.51

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	2,055	3,273	0.63	-20	-7	2.86
ABB	5,403	6,680	0.81	-88	-15	5.87
ABCAPITAL	4,850	7,638	0.63	-66	-119	0.55
ADANIENSOL	3,490	5,535	0.63	-177	198	-0.89
ADANIENT	26,597	44,287	0.60	-597	871	-0.69
ADANIGREEN	11,061	19,648	0.56	13	639	0.02
ADANIPORTS	9,243	17,942	0.52	44	318	0.14
ALKEM	1,238	1,729	0.72	72	11	6.55
AMBER	7,092	10,594	0.67	-33	62	-0.53
AMBUJACEM	8,741	10,690	0.82	-445	191	-2.33
ANGELONE	7,661	17,631	0.43	-67	138	-0.49
APLAPOLLO	2,427	2,852	0.85	-67	15	-4.47
APOLLOHOSP	7,825	15,831	0.49	268	779	0.34
ASHOKLEY	12,293	13,476	0.91	519	1,019	0.51
ASIANPAINT	17,387	33,615	0.52	38	-1,036	-0.04
ASTRAL	4,588	8,148	0.56	482	408	1.18
AUBANK	6,424	7,548	0.85	-210	-56	3.75
AUROPHARMA	4,450	10,263	0.43	-196	134	-1.46
AXISBANK	19,779	47,975	0.41	5,422	18,703	0.29
BAJAJ-AUTO	14,836	28,624	0.52	457	935	0.49
BAJAJFINSV	13,471	19,614	0.69	112	494	0.23
BAJFINANCE	22,701	39,443	0.58	171	1,342	0.13
BANDHANBNK	7,666	11,442	0.67	-2	-6	0.33
BANKBARODA	12,289	17,072	0.72	172	958	0.18
BANKINDIA	3,350	4,679	0.72	26	56	0.46
BDL	8,924	20,147	0.44	1,386	2,188	0.63
BEL	27,151	61,713	0.44	580	2,004	0.29
BHARATFORG	4,210	6,963	0.60	40	147	0.27
BHARTIARTL	19,900	41,164	0.48	1,035	573	1.81
BHEL	9,080	18,058	0.50	-76	534	-0.14
BIOCON	6,452	12,814	0.50	56	290	0.19
BLUESTARCO	1,329	1,769	0.75	-54	55	-0.98
BOSCHLTD	1,601	3,230	0.50	58	223	0.26
BPCL	5,663	9,151	0.62	33	1,093	0.03
BRITANNIA	6,842	9,391	0.73	1,025	1,755	0.58
BSE	18,249	37,887	0.48	162	4,145	0.04
CAMS	4,347	7,524	0.58	-41	106	-0.39
CANBK	12,177	16,084	0.76	141	456	0.31
CDSL	9,588	21,862	0.44	-33	247	-0.13
CGPOWER	4,716	8,937	0.53	-50	61	-0.82
CHOLAFIN	3,639	5,715	0.64	14	416	0.03
CIPLA	10,076	15,138	0.67	48	380	0.13
COALINDIA	12,555	13,462	0.93	-51	440	-0.12
COFORGE	8,801	21,136	0.42	119	-219	-0.54
COLPAL	6,469	10,584	0.61	43	1,152	0.04
CONCOR	7,733	9,984	0.77	31	142	0.22
CROMPTON	6,412	11,774	0.54	12	60	0.20
CUMMINSIND	3,587	4,515	0.79	63	129	0.49
CYIENT	1,990	2,932	0.68	-1	10	-0.10
DABUR	5,727	11,155	0.51	507	808	0.63
DALBHARAT	2,890	3,843	0.75	-219	-446	0.49
DELHIVERY	3,849	6,164	0.62	15	395	0.04
DIVISLAB	6,526	9,134	0.71	-16	48	-0.33
DIXON	36,597	62,904	0.58	-695	3,566	-0.19
DLF	16,579	26,072	0.64	-84	387	-0.22
DMART	7,794	15,246	0.51	675	2,382	0.28
DRREDDY	5,465	10,824	0.50	-126	-15	8.40
EICHERMOT	11,449	16,123	0.71	329	169	1.95
ETERNAL	18,698	35,808	0.52	1,089	7,461	0.15
EXIDEIND	4,010	5,736	0.70	1	187	0.01
FEDERALBNK	8,272	8,094	1.02	-505	235	-2.15
FORTIS	3,645	9,210	0.40	41	-227	-0.18
GAIL	13,417	20,781	0.65	-51	188	-0.27
GLENMARK	8,004	10,719	0.75	153	286	0.53
GMRAIRPORT	10,930	19,214	0.57	-35	778	-0.04
GODREJCP	4,405	6,245	0.71	1,312	2,260	0.58
GODREJPROP	6,722	11,367	0.59	84	404	0.21
GRASIM	9,556	8,433	1.13	1	-125	-0.01
HAL	27,905	56,332	0.50	134	3,510	0.04
HAVELLS	3,604	4,664	0.77	36	-40	-0.90
HCLTECH	11,378	20,083	0.57	-122	795	-0.15
HDFCAMC	4,611	6,241	0.74	290	546	0.53
HDFCBANK	42,693	65,114	0.66	1,354	1,391	0.97
HDFCLIFE	7,835	18,155	0.43	210	678	0.31
HEROMOTOCO	13,146	18,377	0.72	391	127	3.08
HFCL	4,930	12,225	0.40	25	-163	-0.15
HINDALCO	15,705	21,311	0.74	-1,239	-7	177.00
HINDPETRO	3,873	6,604	0.59	-158	205	-0.77
HINDUNILVR	10,254	19,894	0.52	-443	-255	1.74
HINDZINC	24,661	35,506	0.69	-1,057	539	-1.96
HUDCO	6,304	14,304	0.44	39	174	0.22
ICICIBANK	31,898	50,605	0.63	737	709	1.04
ICICIGI	3,132	5,555	0.56	-31	18	-1.72
ICICIPRULI	2,456	4,802	0.51	44	217	0.20
IDEA	15,397	26,529	0.58	293	-361	-0.81
IDFCFIRSTB	9,968	12,546	0.79	-16	-63	0.25
IEX	8,399	11,672	0.72	-45	-236	0.19
IIFL	2,626	4,621	0.57	0	424	0.00
INDHOTEL	5,807	8,998	0.65	92	546	0.17
INDIANB	4,859	12,147	0.40	93	777	0.12
INDIGO	52,715	1,10,484	0.48	-113	-2,292	0.05
INDUSINDBK	12,492	18,517	0.67	115	795	0.14
INDUSTOWER	8,845	15,756	0.56	-73	-60	1.22
INFY	38,563	61,682	0.63	-1,978	612	-3.23
INOXWIND	7,152	14,000	0.51	-81	140	-0.58
IOC	7,427	12,719	0.58	676	1,527	0.44
IRCTC	7,335	11,172	0.66	102	107	0.95
IREDA	4,981	10,157	0.49	67	-155	-0.43
IRFC	4,460	9,413	0.47	-11	257	-0.04
ITC	23,539	34,306	0.69	-1,378	73	-18.88
JINDALSTEL	5,567	8,801	0.63	126	772	0.16
JIOFIN	17,969	25,606	0.70	-181	961	-0.19
JSWENERGY	10,530	15,726	0.67	-504	329	-1.53
JSWSTEEL	14,226	28,188	0.50	-94	1,049	-0.09
JUBLFOOD	6,461	9,034	0.72	477	965	0.49
KALYANKJIL	4,781	8,926	0.54	42	205	0.20
KAYNES	31,377	77,790	0.40	460	543	0.85
KEI	2,165	3,507	0.62	-74	17	-4.35
KFINTECH	4,233	6,778	0.62	170	23	7.39
KOTAKBANK	18,862	21,307	0.89	418	523	0.80
KPITTECH	3,486	6,249	0.56	127	693	0.18
LAURUSLABS	5,228	10,080	0.52	3	539	0.01
LICHSGFIN	7,564	10,116	0.75	-35	183	-0.19
LICI	6,524	12,281	0.53	36	521	0.07
LODHA	4,403	10,342	0.43	-207	367	-0.56
LT	18,614	32,635	0.57	-653	251	-2.60
LTF	5,014	8,046	0.62	-12	-35	0.34
LTIM	4,441	5,659	0.78	-26	8	-3.25
LUPIN	5,139	6,831	0.75	26	270	0.10
M&M	17,789	33,016	0.54	364	-663	-0.55
MANAPPURAM	3,793	5,341	0.71	-70	-105	0.67
MANKIND	2,376	4,787	0.50	19	307	0.06
MARICO	3,191	5,003	0.64	472	787	0.60
MARUTI	31,064	31,160	1.00	-583	-450	1.30
MAXHEALTH	5,095	10,119	0.50	18	268	0.07
MAZDOCK	10,197	22,239	0.46	225	920	0.24
MCX	15,275	23,147	0.66	624	1,024	0.61
MFSL	2,498	4,399	0.57	116	311	0.37
MOTHERSON	7,583	9,271	0.82	-12	-107	0.11
MPHASIS	3,525	4,874	0.72	-209	81	-2.58
MUTHOOTFIN	6,372	12,048	0.53	29	56	0.52
NATIONALUM	6,702	7,925	0.85	-224	-57	3.93
NAUKRI	5,960	7,363	0.81	69	241	0.29
NBCC	3,304	6,841	0.48	-151	191	-0.79
NCC	3,851	8,811	0.44	70	119	0.59
NESTLEIND	4,405	13,829	0.32	263	27	9.74
NHPC	3,219	7,058	0.46	21	273	0.08
NMDC	10,025	12,788	0.78	-390	-46	8.46
NTPC	13,950	22,594	0.62	-665	534	-1.25
NUVAMA	2,170	4,101	0.53	72	51	1.41
NYKAA	2,600	6,918	0.38	43	383	0.11
OBEROIRLTY	3,530	5,647	0.63	-54	-52	1.04
OFSS	7,040	9,536	0.74	-775	533	-1.45
OIL	2,439	4,457	0.55	11	126	0.09
ONGC	11,002	26,073	0.42	-550	201	-2.74
PAGEIND	3,478	7,628	0.46	9	162	0.06
PATANJALI	3,905	8,646	0.45	50	20	2.50
PAYTM	7,550	12,431	0.61	-106	587	-0.18
PERSISTENT	6,456	10,753	0.60	-158	319	-0.50
PETRONET	8,621	8,418	1.02	-9	51	-0.18
PFC	20,816	36,559	0.57	225	2,607	0.09
PGEL	7,850	12,461	0.63	-173	532	-0.33
PHOENIXLTD	1,682	3,376	0.50	-128	18	-7.11
PIDILITIND	2,020	2,641	0.76	30	10	3.00
PIIND	3,616	5,911	0.61	-23	-44	0.52
PNB	11,503	22,335	0.52	97	701	0.14
PNBHOUSING	7,290	11,709	0.62	-104	-279	0.37
POLICYBZR	6,214	8,663	0.72	1,204	2,094	0.57
POLYCAB	4,082	6,066	0.67	7	371	0.02
POWERGRID	10,873	17,463	0.62	5	230	0.02
POWERINDIA	4,151	10,787	0.38	-51	68	-0.75
PPLPHARMA	2,828	7,265	0.39	66	348	0.19
PRESTIGE	2,695	4,086	0.66	0	219	0.00
RBLBANK	4,822	7,754	0.62	154	382	0.40
RECLTD	21,873	34,233	0.64	186	1,078	0.17
RELIANCE	49,104	98,408	0.50	-1,052	3,188	-0.33
RVNL	6,298	12,216	0.52	-51	398	-0.13
SAIL	5,922	10,732	0.55	93	638	0.15
SAMMAANCAP	6,524	12,097	0.54	288	333	0.86
SBICARD	4,740	7,365	0.64	197	635	0.31
SBILIFE	6,634	11,836	0.56	499	146	3.42
SBIN	40,059	66,811	0.60	-217	2,096	-0.10
SHREECEM	2,226	4,497	0.49	290	1,052	0.28
SHRIRAMFIN	12,648	21,156	0.60	121	79	1.53
SIEMENS	9,257	18,065	0.51	-377	276	-1.37
SOLARINDS	3,847	10,251	0.38	3	593	0.01
SONACOMS	2,571	5,768	0.45	-23	171	-0.13
SRF	7,142	9,797	0.73	385	959	0.40
SUNPHARMA	6,368	19,385	0.33	-587	-500	1.17
SUPREMEIND	5,342	8,871	0.60	1,536	1,164	1.32
SUZLON	10,550	23,865	0.44	218	416	0.52
SYNGENE	1,513	2,762	0.55	-53	-43	1.23
TATACONSUM	5,206	10,686	0.49	343	979	0.35
TATAELXSI	5,569	14,776	0.38	-30	333	-0.09
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,452	26,746	0.73	-46	614	-0.07
TATASTEEL	15,536	26,531	0.59	-834	523	-1.59
TATATECH	4,656	7,474	0.62	52	49	1.06
TCS	37,466	49,471	0.76	-958	1,401	-0.68
TECHM	7,433	9,603	0.77	27	26	1.04
TIINDIA	4,693	7,833	0.60	-40	315	-0.13
TITAGARH	2,620	5,151	0.51	52	139	0.37
TITAN	12,974	21,150	0.61	937	515	1.82
TMPV	40,649	87,758	0.46	555	321	1.73
TORNTPHARM	1,151	2,622	0.44	24	162	0.15
TORNTPOWER	2,025	2,973	0.68	-50	183	-0.27
TRENT	26,688	50,525	0.53	167	1,449	0.12
TVSMOTOR	9,592	9,637	1.00	204	112	1.82
ULTRACEMCO	11,245	17,908	0.63	-264	698	-0.38
UNIONBANK	5,650	8,308	0.68	-29	62	-0.47
UNITDSPR	6,509	8,536	0.76	-21	-39	0.54
UNOMINDA	2,978	5,266	0.57	306	278	1.10
UPL	4,716	6,703	0.70	-115	68	-1.69
VBL	10,088	23,223	0.43	317	457	0.69
VEDL	29,956	36,412	0.82	1,607	2,682	0.60
VOLTAS	6,407	7,643	0.84	-112	104	-1.08
WIPRO	10,820	13,728	0.79	-164	-189	0.87
YESBANK	6,429	13,387	0.48	13	361	0.04
ZYDUSLIFE	3,344	4,812	0.69	51	355	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 DMART

DMART

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

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