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.

NIFTYNXT50

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.

Nifty Next 50

68093 -244.20 (-0.36%)

L: 68061.25 H: 68646.15

Put-Call Ratio - NIFTYNXT50

17 Dec 2025 09:10 AM IST

Live

Expiry

Put OI

564

Call OI

590

PCR

0.96

Put OI Chg

0

Call OI Chg

0

COI PCR

NaN

COI Strength

0.00

Interval

On 9:15 NIFTYNXT50 was trading at 68419.7 with pcr value 0.96

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	2,164	3,603	0.60	150	344	0.44
ABB	5,301	6,593	0.80	-51	265	-0.19
ABCAPITAL	4,887	8,063	0.61	124	290	0.43
ADANIENSOL	3,316	5,825	0.57	-39	62	-0.63
ADANIENT	26,407	44,530	0.59	210	514	0.41
ADANIGREEN	10,214	19,656	0.52	-77	120	-0.64
ADANIPORTS	9,346	18,880	0.50	193	797	0.24
ALKEM	1,242	1,935	0.64	10	261	0.04
AMBER	6,971	11,084	0.63	-42	826	-0.05
AMBUJACEM	8,600	10,484	0.82	68	186	0.37
ANGELONE	7,588	19,477	0.39	7	979	0.01
APLAPOLLO	2,665	3,144	0.85	236	440	0.54
APOLLOHOSP	8,353	17,608	0.47	508	1,417	0.36
ASHOKLEY	12,319	12,782	0.96	13	7	1.86
ASIANPAINT	17,080	34,328	0.50	-219	162	-1.35
ASTRAL	4,214	8,075	0.52	-188	136	-1.38
AUBANK	6,697	8,139	0.82	389	634	0.61
AUROPHARMA	4,495	10,559	0.43	43	196	0.22
AXISBANK	25,210	54,609	0.46	-1,490	-5,110	0.29
BAJAJ-AUTO	14,882	28,282	0.53	117	946	0.12
BAJAJFINSV	14,158	21,585	0.66	-214	1,077	-0.20
BAJFINANCE	23,909	40,947	0.58	525	63	8.33
BANDHANBNK	7,644	11,409	0.67	0	-1	0.00
BANKBARODA	12,260	15,654	0.78	-9	-1,107	0.01
BANKINDIA	3,466	5,052	0.69	155	352	0.44
BDL	8,848	22,036	0.40	562	1,312	0.43
BEL	27,119	61,316	0.44	33	-525	-0.06
BHARATFORG	4,223	7,045	0.60	19	148	0.13
BHARTIARTL	19,509	40,098	0.49	79	40	1.98
BHEL	8,875	18,409	0.48	-2	461	-0.00
BIOCON	6,434	12,847	0.50	21	-144	-0.15
BLUESTARCO	1,455	1,909	0.76	76	153	0.50
BOSCHLTD	1,653	3,455	0.48	40	268	0.15
BPCL	5,543	9,774	0.57	99	666	0.15
BRITANNIA	6,594	10,119	0.65	193	1,055	0.18
BSE	18,185	37,127	0.49	-16	-453	0.04
CAMS	4,807	7,462	0.64	469	125	3.75
CANBK	12,454	15,117	0.82	450	-939	-0.48
CDSL	9,745	23,501	0.41	186	1,530	0.12
CGPOWER	4,929	11,221	0.44	303	2,217	0.14
CHOLAFIN	5,737	9,263	0.62	2,164	3,644	0.59
CIPLA	10,100	15,663	0.64	15	195	0.08
COALINDIA	12,812	13,061	0.98	273	135	2.02
COFORGE	8,725	20,006	0.44	41	-142	-0.29
COLPAL	6,928	11,561	0.60	422	868	0.49
CONCOR	7,811	10,409	0.75	175	249	0.70
CROMPTON	6,258	11,927	0.52	-88	156	-0.56
CUMMINSIND	3,912	5,223	0.75	342	740	0.46
CYIENT	2,641	3,672	0.72	706	732	0.96
DABUR	6,092	11,651	0.52	198	482	0.41
DALBHARAT	2,870	3,902	0.74	-10	67	-0.15
DELHIVERY	3,897	6,526	0.60	-17	149	-0.11
DIVISLAB	6,669	9,536	0.70	85	451	0.19
DIXON	37,719	67,521	0.56	2,094	5,000	0.42
DLF	16,867	26,775	0.63	314	777	0.40
DMART	7,158	15,563	0.46	-18	-20	0.90
DRREDDY	5,303	10,611	0.50	-32	-217	0.15
EICHERMOT	11,538	15,968	0.72	732	-56	-13.07
ETERNAL	19,357	36,551	0.53	80	366	0.22
EXIDEIND	4,225	6,279	0.67	181	525	0.34
FEDERALBNK	8,307	8,291	1.00	194	277	0.70
FORTIS	3,598	8,568	0.42	64	-137	-0.47
GAIL	13,493	20,382	0.66	-44	-314	0.14
GLENMARK	7,942	11,310	0.70	-90	406	-0.22
GMRAIRPORT	11,047	19,856	0.56	248	357	0.69
GODREJCP	3,651	5,830	0.63	-272	-61	4.46
GODREJPROP	7,080	11,855	0.60	68	139	0.49
GRASIM	9,490	8,770	1.08	-19	138	-0.14
HAL	28,492	57,475	0.50	590	766	0.77
HAVELLS	3,690	4,987	0.74	147	200	0.73
HCLTECH	11,396	20,559	0.55	-129	400	-0.32
HDFCAMC	5,352	7,149	0.75	719	701	1.03
HDFCBANK	43,192	75,512	0.57	558	12,317	0.05
HDFCLIFE	7,265	17,511	0.41	-362	-1,581	0.23
HEROMOTOCO	12,990	22,112	0.59	56	3,695	0.02
HFCL	4,633	11,754	0.39	-281	-248	1.13
HINDALCO	15,764	21,905	0.72	272	796	0.34
HINDPETRO	3,925	6,956	0.56	59	79	0.75
HINDUNILVR	10,001	21,003	0.48	107	927	0.12
HINDZINC	25,930	39,023	0.66	1,838	5,375	0.34
HUDCO	6,296	14,326	0.44	-63	29	-2.17
ICICIBANK	33,658	56,440	0.60	1,600	6,122	0.26
ICICIGI	3,110	5,719	0.54	47	232	0.20
ICICIPRULI	2,287	4,986	0.46	-28	180	-0.16
IDEA	15,093	25,741	0.59	-124	-775	0.16
IDFCFIRSTB	9,816	12,714	0.77	166	140	1.19
IEX	8,425	11,567	0.73	14	-10	-1.40
IIFL	2,651	4,485	0.59	50	181	0.28
INDHOTEL	5,988	10,253	0.58	210	1,060	0.20
INDIANB	4,770	12,299	0.39	-61	285	-0.21
INDIGO	50,989	1,08,005	0.47	-617	-1,029	0.60
INDUSINDBK	13,077	19,083	0.69	237	644	0.37
INDUSTOWER	8,799	15,406	0.57	81	-54	-1.50
INFY	39,030	63,190	0.62	1,057	1,470	0.72
INOXWIND	6,832	13,924	0.49	-164	-32	5.13
IOC	7,953	12,251	0.65	723	-361	-2.00
IRCTC	7,564	11,128	0.68	261	78	3.35
IREDA	5,005	10,348	0.48	69	48	1.44
IRFC	4,683	9,671	0.48	124	156	0.79
ITC	21,741	34,938	0.62	-146	749	-0.19
JINDALSTEL	5,491	9,284	0.59	-15	373	-0.04
JIOFIN	17,968	26,934	0.67	-48	1,117	-0.04
JSWENERGY	10,125	15,086	0.67	-41	-51	0.80
JSWSTEEL	12,648	29,014	0.44	-116	551	-0.21
JUBLFOOD	5,970	10,957	0.54	195	1,216	0.16
KALYANKJIL	4,865	9,150	0.53	93	371	0.25
KAYNES	31,011	78,343	0.40	457	2,136	0.21
KEI	2,750	3,897	0.71	590	348	1.70
KFINTECH	4,251	6,803	0.62	9	65	0.14
KOTAKBANK	17,978	21,618	0.83	-676	442	-1.53
KPITTECH	3,808	6,587	0.58	179	182	0.98
LAURUSLABS	5,311	9,834	0.54	136	-84	-1.62
LICHSGFIN	7,627	10,097	0.76	7	-28	-0.25
LICI	6,051	12,159	0.50	-184	199	-0.92
LODHA	4,741	12,360	0.38	368	1,907	0.19
LT	17,994	31,865	0.56	-501	-324	1.55
LTF	5,107	8,106	0.63	131	311	0.42
LTIM	4,586	6,057	0.76	108	431	0.25
LUPIN	5,249	6,886	0.76	155	62	2.50
M&M	17,009	33,029	0.51	-299	369	-0.81
MANAPPURAM	3,763	5,646	0.67	54	246	0.22
MANKIND	2,489	5,112	0.49	92	113	0.81
MARICO	3,144	5,389	0.58	60	225	0.27
MARUTI	29,527	31,902	0.93	-107	1,006	-0.11
MAXHEALTH	6,994	12,773	0.55	1,946	2,639	0.74
MAZDOCK	9,979	23,167	0.43	-135	546	-0.25
MCX	15,480	24,030	0.64	422	1,162	0.36
MFSL	2,437	4,745	0.51	5	262	0.02
MOTHERSON	7,486	9,464	0.79	-28	224	-0.13
MPHASIS	3,542	4,861	0.73	73	175	0.42
MUTHOOTFIN	6,324	11,239	0.56	-55	-538	0.10
NATIONALUM	6,908	8,457	0.82	208	645	0.32
NAUKRI	5,997	7,076	0.85	2	1	2.00
NBCC	3,320	8,263	0.40	125	1,273	0.10
NCC	3,737	8,777	0.43	-56	-279	0.20
NESTLEIND	4,348	14,408	0.30	-72	564	-0.13
NHPC	3,229	7,180	0.45	26	121	0.21
NMDC	10,161	13,661	0.74	253	397	0.64
NTPC	13,739	22,769	0.60	-46	-77	0.61
NUVAMA	2,364	4,185	0.56	220	36	6.11
NYKAA	2,672	6,996	0.38	88	16	5.50
OBEROIRLTY	3,572	5,890	0.61	71	122	0.58
OFSS	6,713	9,720	0.69	-264	359	-0.74
OIL	2,524	4,879	0.52	43	312	0.14
ONGC	11,101	26,963	0.41	352	866	0.41
PAGEIND	3,505	8,526	0.41	145	609	0.24
PATANJALI	4,255	9,338	0.46	369	619	0.60
PAYTM	7,868	14,351	0.55	147	1,468	0.10
PERSISTENT	6,466	11,383	0.57	114	666	0.17
PETRONET	8,933	8,472	1.05	-107	-362	0.30
PFC	20,953	36,062	0.58	45	-712	-0.06
PGEL	7,918	12,444	0.64	132	299	0.44
PHOENIXLTD	1,792	3,615	0.50	132	185	0.71
PIDILITIND	1,945	2,737	0.71	-7	215	-0.03
PIIND	3,493	5,963	0.59	-102	249	-0.41
PNB	11,610	21,477	0.54	27	-1,092	-0.03
PNBHOUSING	7,288	11,807	0.62	-19	-160	0.12
POLICYBZR	6,748	9,320	0.72	639	669	0.96
POLYCAB	6,551	8,433	0.78	2,412	2,312	1.04
POWERGRID	10,617	17,347	0.61	-72	-351	0.21
POWERINDIA	3,958	10,450	0.38	-100	-474	0.21
PPLPHARMA	2,937	6,995	0.42	65	-229	-0.28
PRESTIGE	2,806	4,384	0.64	25	159	0.16
RBLBANK	4,868	8,127	0.60	82	439	0.19
RECLTD	22,036	35,166	0.63	278	-51	-5.45
RELIANCE	50,378	99,108	0.51	1,290	1,247	1.03
RVNL	6,356	12,896	0.49	-10	376	-0.03
SAIL	5,888	10,608	0.56	-53	-54	0.98
SAMMAANCAP	6,845	13,938	0.49	174	1,594	0.11
SBICARD	4,946	8,094	0.61	13	609	0.02
SBILIFE	5,726	11,755	0.49	-576	-303	1.90
SBIN	42,465	61,521	0.69	2,476	-5,939	-0.42
SHREECEM	2,372	5,399	0.44	35	-443	-0.08
SHRIRAMFIN	13,400	24,229	0.55	759	3,100	0.24
SIEMENS	9,145	18,138	0.50	240	261	0.92
SOLARINDS	4,249	10,977	0.39	353	375	0.94
SONACOMS	2,549	5,745	0.44	-47	172	-0.27
SRF	7,175	9,835	0.73	59	465	0.13
SUNPHARMA	6,647	19,997	0.33	-244	-1,154	0.21
SUPREMEIND	4,352	7,245	0.60	-378	-625	0.60
SUZLON	10,425	24,549	0.42	-208	856	-0.24
SYNGENE	1,437	3,049	0.47	7	210	0.03
TATACONSUM	5,399	10,124	0.53	265	14	18.93
TATAELXSI	5,552	15,389	0.36	89	335	0.27
TATAMOTORS	0	0	0.00	6	-117	-0.05
TATAPOWER	19,310	26,987	0.72	-57	216	-0.26
TATASTEEL	15,939	26,552	0.60	454	231	1.97
TATATECH	4,673	7,534	0.62	64	18	3.56
TCS	37,963	49,545	0.77	306	635	0.48
TECHM	7,639	10,419	0.73	257	843	0.30
TIINDIA	4,675	7,908	0.59	-26	164	-0.16
TITAGARH	2,621	5,284	0.50	10	118	0.08
TITAN	13,906	21,414	0.65	-758	144	-5.26
TMPV	40,715	87,564	0.46	451	302	1.49
TORNTPHARM	1,206	2,694	0.45	70	44	1.59
TORNTPOWER	1,936	3,268	0.59	-87	29	-3.00
TRENT	26,189	51,421	0.51	-459	1,470	-0.31
TVSMOTOR	9,626	9,725	0.99	159	173	0.92
ULTRACEMCO	11,324	19,292	0.59	193	425	0.45
UNIONBANK	5,566	8,375	0.66	4	94	0.04
UNITDSPR	7,451	8,992	0.83	923	307	3.01
UNOMINDA	2,837	5,100	0.56	5	102	0.05
UPL	4,805	6,904	0.70	187	159	1.18
VBL	10,042	24,190	0.42	-97	545	-0.18
VEDL	40,859	43,508	0.94	2,320	2,674	0.87
VOLTAS	6,349	8,082	0.79	-112	879	-0.13
WIPRO	11,083	13,898	0.80	290	130	2.23
YESBANK	6,449	13,295	0.49	26	-11	-2.36
ZYDUSLIFE	3,379	4,800	0.70	19	-142	-0.13

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 NIFTYNXT50

NIFTYNXT50

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

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD