iifl-logo

Put Call Ratio

INDEX

PCR OI

Symbol
Put
Call
Ratio

NIFTY

8,14,53,525

13,61,44,125.00

0.60

Note: OI Figures are in Thousands

PCR Volume

Symbol
Put
Call
Ratio

NIFTY

1,72,30,49,475

1,61,05,45,650.00

1.07

Note: Volume Figures are in Thousands

STOCKS

PCR OI

Symbol
Put
Call
Ratio

26,05,500

37,72,800.00

0.69

18,98,65,500

35,70,28,000.00

0.53

4,22,16,000

7,24,38,000.00

0.58

27,10,125

33,63,375.00

0.81

3,13,20,250

3,08,34,950.00

1.02

75,33,750

1,26,80,275.00

0.59

84,59,265

1,28,54,885.00

0.66

6,25,350

16,42,850.00

0.38

35,48,800

54,49,200.00

0.65

2,76,12,000

3,76,25,775.00

0.73

6,72,350

8,55,000.00

0.79

15,23,550

23,86,300.00

0.64

31,82,400

82,35,500.00

0.39

5,52,000

12,01,500.00

0.46

6,31,750

12,82,000.00

0.49

34,54,675

71,03,950.00

0.49

20,46,675

31,72,600.00

0.65

4,04,400

6,65,000.00

0.61

64,92,000

1,44,39,600.00

0.45

1,17,58,250

2,43,13,450.00

0.48

41,76,000

67,20,800.00

0.62

7,42,11,500

12,94,04,000.00

0.57

2,04,62,400

2,74,83,300.00

0.74

2,64,03,200

4,53,40,800.00

0.58

8,19,600

8,97,600.00

0.91

32,80,750

53,33,350.00

0.62

19,89,400

36,96,350.00

0.54

34,05,350

59,94,300.00

0.57

21,37,000

26,93,000.00

0.79

2,81,575

4,67,075.00

0.60

36,69,050

96,44,950.00

0.38

10,64,600

15,01,000.00

0.71

39,38,550

67,31,550.00

0.59

5,35,350

6,19,200.00

0.86

85,30,500

1,99,86,750.00

0.43

8,15,875

22,51,250.00

0.36

60,99,225

1,11,77,100.00

0.55

59,050

89,700.00

0.66

3,60,01,500

7,68,69,000.00

0.47

17,76,750

49,58,250.00

0.36

62,73,600

1,29,23,200.00

0.49

2,43,69,500

3,48,74,000.00

0.70

33,97,625

1,16,27,000.00

0.29

2,66,15,000

5,86,94,500.00

0.45

1,82,43,975

2,60,02,350.00

0.70

1,23,79,325

1,62,90,925.00

0.76

13,73,850

20,33,100.00

0.68

38,52,500

67,92,500.00

0.57

1,39,78,300

2,70,35,100.00

0.52

31,65,400

51,86,700.00

0.61

12,06,375

21,95,750.00

0.55

11,02,850

18,23,850.00

0.60

14,76,150

22,23,000.00

0.66

8,52,56,000

10,78,96,000.00

0.79

2,93,475

5,14,675.00

0.57

5,15,250

10,06,500.00

0.51

7,99,050

13,37,350.00

0.60

11,31,900

17,08,000.00

0.66

1,48,74,600

2,30,77,600.00

0.64

91,35,000

1,36,83,600.00

0.67

7,13,900

13,76,600.00

0.52

35,55,750

41,89,500.00

0.85

63,14,025

75,21,875.00

0.84

28,87,200

49,43,100.00

0.58

27,120

1,05,885.00

0.26

2,02,05,000

7,99,56,000.00

0.25

49,56,000

77,00,000.00

0.64

3,73,275

6,84,075.00

0.55

13,06,550

22,00,800.00

0.59

98,37,500

1,29,68,750.00

0.76

2,36,70,000

7,95,79,500.00

0.30

9,33,25,500

12,94,92,000.00

0.72

1,13,40,800

2,20,22,400.00

0.51

17,59,750

20,61,000.00

0.85

42,25,500

1,00,76,400.00

0.42

1,52,29,500

3,09,20,500.00

0.49

14,58,375

33,62,250.00

0.43

2,02,27,500

3,13,23,750.00

0.65

11,24,475

23,33,375.00

0.48

9,90,550

10,52,975.00

0.94

2,11,90,850

3,83,88,300.00

0.55

13,99,200

18,64,800.00

0.75

13,64,800

17,84,000.00

0.77

18,10,375

30,86,750.00

0.59

11,48,875

23,94,525.00

0.48

12,90,450

33,86,775.00

0.38

8,92,300

30,47,550.00

0.29

43,00,800

78,44,400.00

0.55

6,16,950

11,65,050.00

0.53

1,04,49,000

1,65,06,000.00

0.63

58,24,648

88,86,032.00

0.66

30,97,800

58,66,200.00

0.53

22,84,375

37,69,325.00

0.61

8,40,900

15,44,700.00

0.54

2,56,43,114

4,46,15,538.00

0.57

33,08,550

88,64,975.00

0.37

10,31,850

14,57,100.00

0.71

23,35,900

53,06,700.00

0.44

54,59,000

71,93,000.00

0.76

1,78,46,600

1,61,60,200.00

1.10

21,43,600

33,06,000.00

0.65

65,27,200

82,30,800.00

0.79

3,19,050

8,56,800.00

0.37

3,91,475

5,97,100.00

0.66

2,45,600

5,99,200.00

0.41

38,25,800

59,13,775.00

0.65

33,82,500

82,66,250.00

0.41

63,07,200

91,46,925.00

0.69

56,87,000

96,49,000.00

0.59

11,09,250

20,54,450.00

0.54

4,43,63,300

7,25,42,150.00

0.61

39,85,625

47,38,125.00

0.84

2,36,38,400

4,69,77,600.00

0.50

1,51,08,750

3,66,01,000.00

0.41

1,55,90,550

3,58,52,400.00

0.43

49,14,875

70,62,125.00

0.70

1,36,94,775

3,77,80,300.00

0.36

4,19,25,000

6,27,12,000.00

0.67

87,04,275

2,07,27,075.00

0.42

1,26,85,200

2,38,22,000.00

0.53

84,21,800

1,47,22,000.00

0.57

91,96,600

1,85,68,900.00

0.50

25,97,850

33,73,800.00

0.77

18,78,000

27,57,000.00

0.68

70,25,000

1,04,23,000.00

0.67

36,99,300

48,22,950.00

0.77

67,95,250

1,42,09,250.00

0.48

2,09,92,500

2,80,80,000.00

0.75

9,03,66,330

13,10,65,025.00

0.69

61,06,10,920

1,08,82,78,300.00

0.56

33,21,675

86,17,300.00

0.39

12,14,200

36,48,450.00

0.33

1,74,30,000

2,54,10,000.00

0.69

94,35,000

1,66,52,775.00

0.57

1,36,23,225

2,26,49,025.00

0.60

69,46,200

95,99,700.00

0.72

1,07,91,225

1,58,47,650.00

0.68

74,25,300

1,36,39,550.00

0.54

89,68,400

1,84,17,000.00

0.49

1,94,46,750

3,00,37,650.00

0.65

20,80,200

36,51,300.00

0.57

1,08,98,800

2,43,82,600.00

0.45

2,19,05,400

3,94,21,800.00

0.56

13,30,500

18,44,400.00

0.72

61,91,500

1,58,77,050.00

0.39

31,55,000

37,27,500.00

0.85

31,83,900

69,31,800.00

0.46

11,21,000

24,13,250.00

0.46

23,55,325

42,93,550.00

0.55

18,04,275

26,44,950.00

0.68

17,61,500

28,82,500.00

0.61

4,32,38,025

7,11,31,050.00

0.61

73,95,375

76,06,500.00

0.97

2,58,07,950

4,57,06,500.00

0.56

17,05,000

25,62,925.00

0.67

2,97,35,000

4,49,00,000.00

0.66

70,18,200

1,05,21,000.00

0.67

2,61,85,150

4,26,36,350.00

0.61

9,17,000

16,19,100.00

0.57

49,71,875

1,07,32,500.00

0.46

14,81,550

30,11,850.00

0.49

92,26,800

1,68,22,575.00

0.55

7,70,300

10,61,700.00

0.73

7,02,700

12,71,700.00

0.55

50,42,250

72,81,175.00

0.69

4,05,600

10,08,475.00

0.40

1,32,11,250

1,30,78,750.00

1.01

9,71,125

14,98,550.00

0.65

6,87,000

7,48,000.00

0.92

41,63,400

66,74,400.00

0.62

47,42,500

81,62,500.00

0.58

13,91,175

13,89,150.00

1.00

28,99,125

53,97,750.00

0.54

2,38,61,250

3,43,72,350.00

0.69

27,80,250

54,16,125.00

0.51

29,66,250

37,88,750.00

0.78

29,28,850

60,93,300.00

0.48

38,30,950

58,24,200.00

0.66

52,30,875

1,28,10,750.00

0.41

43,43,875

81,91,850.00

0.53

7,12,80,000

8,48,13,750.00

0.84

8,06,850

11,19,750.00

0.72

42,95,200

98,05,900.00

0.44

1,01,21,250

2,02,99,875.00

0.50

4,28,250

7,00,875.00

0.61

1,23,27,950

1,82,84,550.00

0.67

2,74,050

5,13,700.00

0.53

15,54,150

14,64,775.00

1.06

1,55,67,500

2,05,27,500.00

0.76

1,71,51,750

3,27,39,000.00

0.52

85,85,625

2,17,90,625.00

0.39

24,50,000

43,32,500.00

0.57

4,52,86,500

8,87,17,650.00

0.51

19,06,450

51,44,425.00

0.37

1,91,20,400

3,34,56,800.00

0.57

3,78,75,825

4,40,15,400.00

0.86

2,62,22,400

4,80,60,000.00

0.55

8,57,100

16,03,800.00

0.53

1,69,33,500

1,89,42,750.00

0.89

39,18,000

76,41,500.00

0.51

8,43,600

13,34,400.00

0.63

1,88,55,625

5,52,99,375.00

0.34

28,94,650

44,30,250.00

0.65

50,46,000

63,20,000.00

0.80

18,63,750

41,00,250.00

0.45

12,10,825

36,81,775.00

0.33

39,13,750

90,29,250.00

0.43

2,16,85,000

3,30,40,000.00

0.66

10,33,750

18,81,250.00

0.55

17,55,600

24,35,650.00

0.72

24,24,750

36,14,750.00

0.67

65,31,000

95,49,750.00

0.68

1,75,600

3,22,500.00

0.54

1,99,250

3,21,000.00

0.62

54,55,850

75,35,875.00

0.72

44,51,400

75,00,600.00

0.59

67,12,800

81,25,500.00

0.83

23,11,200

34,89,750.00

0.66

11,21,400

18,24,600.00

0.61

1,96,43,000

2,79,73,400.00

0.70

1,33,88,900

1,98,15,200.00

0.68

9,46,375

19,56,750.00

0.48

40,55,825

1,03,05,850.00

0.39

6,21,500

11,83,000.00

0.53

Note: OI Figures are in Thousands

PCR Volume

Symbol
Put
Call
Ratio

8,01,900

34,81,200.00

0.23

4,68,67,700

18,91,19,100.00

0.25

16,22,31,000

35,34,96,000.00

0.46

12,55,500

25,92,750.00

0.48

1,16,75,950

1,64,77,200.00

0.71

68,91,075

1,52,38,675.00

0.45

68,42,750

1,86,31,250.00

0.37

5,50,000

15,20,200.00

0.36

6,13,600

21,51,600.00

0.29

1,75,53,975

2,98,20,075.00

0.59

3,47,900

5,90,750.00

0.59

7,04,200

11,06,350.00

0.64

12,80,500

46,26,400.00

0.28

5,96,250

9,07,125.00

0.66

2,55,250

13,60,000.00

0.19

13,96,150

33,63,675.00

0.42

5,32,150

22,88,825.00

0.23

2,10,200

2,53,000.00

0.83

1,08,47,400

2,37,33,600.00

0.46

86,70,550

2,36,09,775.00

0.37

30,92,800

58,41,600.00

0.53

14,61,62,500

36,38,74,500.00

0.40

2,23,83,650

3,23,95,900.00

0.69

1,82,05,600

3,58,32,800.00

0.51

6,22,400

11,55,200.00

0.54

20,17,400

36,22,850.00

0.56

1,61,41,300

3,73,68,800.00

0.43

13,39,000

28,65,200.00

0.47

16,65,000

22,71,000.00

0.73

95,200

2,09,300.00

0.45

37,79,650

55,73,050.00

0.68

6,05,400

7,60,200.00

0.80

81,27,000

1,62,23,550.00

0.50

6,54,450

5,54,850.00

1.18

19,27,000

92,00,250.00

0.21

7,03,000

22,05,875.00

0.32

63,48,375

1,20,15,300.00

0.53

9,875

29,375.00

0.34

6,99,69,000

11,01,42,000.00

0.64

51,24,000

68,54,625.00

0.75

19,27,200

67,78,400.00

0.28

2,41,43,900

7,45,13,800.00

0.32

14,27,250

48,13,875.00

0.30

3,93,86,500

7,39,10,000.00

0.53

1,02,76,500

2,40,50,325.00

0.43

29,14,650

18,98,650.00

1.54

21,36,150

65,73,150.00

0.32

51,95,000

87,92,500.00

0.59

84,72,100

2,31,80,000.00

0.37

16,18,400

54,28,100.00

0.30

73,26,625

1,91,38,750.00

0.38

9,35,900

19,51,600.00

0.48

5,45,350

11,14,100.00

0.49

4,10,00,000

9,28,72,000.00

0.44

1,30,900

2,24,175.00

0.58

1,37,250

4,77,500.00

0.29

3,37,750

8,07,100.00

0.42

14,55,300

28,02,800.00

0.52

1,32,96,400

2,17,77,600.00

0.61

40,01,400

84,42,000.00

0.47

11,37,900

28,30,800.00

0.40

26,95,500

46,53,750.00

0.58

1,14,54,275

1,49,99,525.00

0.76

68,77,800

2,04,34,800.00

0.34

23,625

2,31,840.00

0.10

3,42,87,750

15,67,12,500.00

0.22

30,18,400

49,99,400.00

0.60

1,84,650

4,24,950.00

0.43

7,22,400

18,21,400.00

0.40

48,56,250

79,59,375.00

0.61

1,61,20,500

4,01,95,500.00

0.40

9,94,41,000

28,66,18,500.00

0.35

48,12,800

1,13,34,400.00

0.42

17,49,500

25,56,500.00

0.68

28,40,400

1,01,38,500.00

0.28

27,17,000

1,45,08,000.00

0.19

6,69,375

22,08,000.00

0.30

69,41,250

1,93,46,250.00

0.36

9,60,300

22,39,875.00

0.43

3,81,975

4,51,275.00

0.85

1,07,99,400

3,61,55,850.00

0.30

6,78,800

17,91,600.00

0.38

11,52,800

17,69,600.00

0.65

24,57,000

31,72,000.00

0.77

12,76,450

25,27,875.00

0.50

24,68,550

43,34,925.00

0.57

12,17,350

23,43,050.00

0.52

22,38,000

49,56,000.00

0.45

2,37,825

9,02,700.00

0.26

78,93,000

2,74,08,000.00

0.29

12,93,224

35,87,720.00

0.36

51,26,400

1,04,27,400.00

0.49

12,94,550

32,17,675.00

0.40

38,57,700

78,36,000.00

0.49

6,76,12,686

14,97,09,024.00

0.45

16,46,225

49,66,675.00

0.33

3,79,800

13,50,450.00

0.28

6,44,000

17,37,400.00

0.37

59,24,000

1,47,88,000.00

0.40

73,08,300

78,08,100.00

0.94

5,47,600

10,05,200.00

0.54

77,21,200

1,16,32,400.00

0.66

81,900

3,73,500.00

0.22

7,22,050

25,71,800.00

0.28

86,400

4,46,000.00

0.19

45,82,500

1,05,43,275.00

0.43

16,53,750

33,28,750.00

0.50

64,24,650

1,15,09,425.00

0.56

60,02,000

1,59,37,000.00

0.38

11,66,200

53,77,100.00

0.22

7,38,60,500

18,17,44,300.00

0.41

31,89,375

72,19,375.00

0.44

1,71,44,000

3,19,05,600.00

0.54

49,55,500

1,50,83,250.00

0.33

44,91,900

1,67,32,500.00

0.27

12,14,500

44,24,875.00

0.27

22,18,250

1,50,25,725.00

0.15

3,22,77,375

5,07,82,875.00

0.64

35,76,525

60,01,725.00

0.60

75,23,600

1,66,74,000.00

0.45

33,60,900

1,07,40,600.00

0.31

1,17,89,400

2,44,28,600.00

0.48

9,97,500

25,36,050.00

0.39

5,72,000

10,05,000.00

0.57

1,91,47,000

4,53,58,000.00

0.42

28,67,700

40,44,150.00

0.71

91,65,750

1,49,54,500.00

0.61

1,14,56,250

1,77,11,250.00

0.65

3,67,29,000

6,37,47,075.00

0.58

4,78,88,250

16,16,04,975.00

0.30

32,51,375

89,21,625.00

0.36

13,83,525

42,85,450.00

0.32

4,28,68,000

5,34,80,000.00

0.80

56,85,975

96,43,125.00

0.59

1,73,58,250

2,32,81,125.00

0.75

43,89,900

50,64,000.00

0.87

91,59,075

1,35,41,175.00

0.68

3,63,050

10,86,500.00

0.33

84,81,200

1,52,83,800.00

0.55

29,15,400

91,65,450.00

0.32

23,54,700

64,92,750.00

0.36

1,05,98,500

2,26,82,000.00

0.47

6,19,23,400

6,53,91,700.00

0.95

50,17,800

1,16,40,300.00

0.43

69,06,550

1,56,24,000.00

0.44

34,34,000

60,38,500.00

0.57

56,59,650

1,08,17,850.00

0.52

9,80,250

20,05,500.00

0.49

19,69,400

27,01,475.00

0.73

17,49,000

41,00,525.00

0.43

14,79,500

18,62,500.00

0.79

7,15,42,575

13,57,82,325.00

0.53

50,35,125

62,21,250.00

0.81

93,87,000

2,84,60,250.00

0.33

8,24,600

31,89,900.00

0.26

1,16,60,000

2,33,90,000.00

0.50

61,29,000

1,06,56,000.00

0.58

1,81,17,175

2,47,85,925.00

0.73

5,24,825

9,14,900.00

0.57

14,47,500

24,05,625.00

0.60

7,35,750

22,06,650.00

0.33

74,81,100

1,35,12,675.00

0.55

11,25,000

16,91,250.00

0.67

5,71,000

8,42,700.00

0.68

1,16,01,325

2,79,81,375.00

0.41

13,58,175

78,46,475.00

0.17

52,15,000

98,16,250.00

0.53

1,87,000

5,73,325.00

0.33

5,38,600

6,22,800.00

0.86

20,71,800

55,44,000.00

0.37

17,68,750

61,47,500.00

0.29

3,36,825

8,39,925.00

0.40

14,17,500

35,19,750.00

0.40

81,83,700

2,19,46,950.00

0.37

7,59,375

18,81,000.00

0.40

16,45,000

25,79,375.00

0.64

11,47,600

34,09,550.00

0.34

62,85,750

1,00,36,800.00

0.63

14,42,750

58,72,500.00

0.25

24,44,825

55,41,350.00

0.44

2,36,72,250

4,67,23,500.00

0.51

1,78,050

4,32,300.00

0.41

11,33,600

36,88,100.00

0.31

1,17,14,625

1,86,77,250.00

0.63

3,01,250

6,07,250.00

0.50

1,90,52,825

2,45,51,225.00

0.78

3,12,625

8,24,850.00

0.38

7,23,450

13,15,925.00

0.55

1,83,37,500

3,99,05,000.00

0.46

1,04,50,125

1,90,91,625.00

0.55

73,20,700

1,85,59,675.00

0.39

7,34,500

20,16,500.00

0.36

7,94,01,000

12,02,64,300.00

0.66

78,99,775

79,47,225.00

0.99

33,33,200

1,41,38,800.00

0.24

2,83,08,150

3,73,75,650.00

0.76

5,11,30,800

10,06,34,400.00

0.51

7,38,300

20,13,600.00

0.37

1,97,52,000

4,15,70,250.00

0.48

34,27,000

68,94,500.00

0.50

6,73,050

11,11,275.00

0.61

11,84,80,000

17,09,96,250.00

0.69

11,87,450

20,85,600.00

0.57

84,94,000

90,19,000.00

0.94

4,97,000

21,44,625.00

0.23

8,84,000

28,47,500.00

0.31

18,17,750

46,27,250.00

0.39

92,50,000

1,48,40,000.00

0.62

11,41,125

16,79,500.00

0.68

9,59,700

12,76,800.00

0.75

1,82,750

3,72,500.00

0.49

36,79,200

98,89,950.00

0.37

95,300

5,31,400.00

0.18

1,44,000

2,34,000.00

0.62

31,77,750

65,79,700.00

0.48

40,55,400

71,86,800.00

0.56

26,49,600

66,35,100.00

0.40

7,68,150

25,46,775.00

0.30

3,42,300

9,87,300.00

0.35

40,35,200

1,39,25,600.00

0.29

1,08,84,100

1,38,44,600.00

0.79

16,38,375

38,34,500.00

0.43

16,37,700

65,94,525.00

0.25

22,60,000

44,91,000.00

0.50

Note: Volume Figures are in Thousands

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Download IIFL Mobile App banner

What is the Put Call Ratio?

The put and call ratio, commonly referred to as the PCR ratio, is a widely used technical indicator that helps analyze market sentiment by comparing the traded volume of put options against call options. A high PCR ratio live suggests bearish sentiment, while a low put call ratio signals bullish market conditions. This metric helps traders understand market optimism or pessimism.

How is PCR Calculated?

PCR can be calculated in two ways:

  1. Based on Open Interest

The Nifty put call ratio is derived by dividing the total open interest in put options by the total open interest in call options. Open interest represents unexercised and unexpired option contracts.

Formula: PCR = Total Open Interest of Put Options / Total Open Interest of Call Options

Example: If ABC Ltd. has:

  • Put options open interest: 2,000 contracts
  • Call options open interest: 5,000 contracts

Then, the put call ratio nifty is calculated as: PCR = 2,000 / 5,000 = 0.4

  1. Based on Trading Volume

The put call ratio today can also be calculated by comparing daily trading volumes of put and call options.

Formula: PCR = Total Trading Volume of Put Options / Total Trading Volume of Call Options

Example: If ABC Ltd. has:

  • Put options trading volume: 4,000 contracts
  • Call options trading volume: 16,000 contracts

Then, the put call ratio live for that day is: PCR = 4,000 / 16,000 = 0.25

How to Analyse PCR (Put Call Ratio)

Here’s a breakdown of PCR analysis depending on different scenarios:

  • Scenario: The Put Call Ratio Nifty rises as small declines are bought into an upward-rising market
    Signal: Positive
    Interpretation: It means that the upswing is expected to continue as put writers are actively engaged in writing during dips.
  • Scenario: The Nifty Put Call Ratio falls low as markets are gauging the levels of resistance
    Signal: Bearish
    Interpretation: It reflects that call writers are opening fresh positions expecting either a market pullback or restricted upside.
  • Scenario: The PCR is dropping in a declining market
    Signal: Bearish
    Interpretation: This means that option writers are selling call option strikes aggressively.

The Nifty put call ratio live chart is a powerful tool for traders to interpret market trends:

  • Rising PCR in a bullish market → Positive Signal: Suggests a continuing upswing as traders actively buy into declines.
  • Declining PCR in a bearish market → Bearish Signal: Indicates aggressive selling of call options, suggesting market weakness.

How to Trade Using a Put-Call Ratio

The rules and guidelines for PCR trading are as follows:

  • Identify Extremes: Look at the historical PCR values where the ratio reaches extreme values. Extreme peaks often mark overbought bearishness, which is typically taken back with a bullish reversal. Downside extremes may mark overbought bullishness, which is often taken back through the market pullback.
  • Use the PCR in Combination with Other Indicators: Most traders prefer to use PCR technically combined with other technical indicators. They tend to combine PCR either with moving averages or with the Relative Strength Index (RSI) in order to confirm the signals arising from PCR. This happens mainly to eliminate false interpretations and enhance strong trading decisions.
  • Market Context: Always look at the broader market context. If the PCR is high for an extended period of a downtrend, it may only be extending the bearish outlook. Conversely, this level of PCR in a sideways market might only suggest an oversold state.

To make informed trading decisions, traders use the PCR ratio live alongside other indicators like Relative Strength Index (RSI) and moving averages.

  1. Identify Extremes: High PCR suggests bearish overreaction, while low PCR indicates bullish saturation.
  2. Confirm with Other Indicators: Combining put call ratio nifty analysis with RSI helps minimize false signals.
  3. Market Context Matters: Extreme PCR levels in a sideways market might suggest oversold or overbought conditions.

Why is PCR Important?

PCR is one of the most significant measures that traders use when gauging market sentiment. The PCR live helps traders identify the underlying price movement of the security and guides them through placing directional bets on equities.As a contrarian signal, it helps traders avoid the pitfall of herd mentality.

Another way in which the Put/call ratio is used to study overall trading activity by market players is that it measures in terms of both open interest and volume.

PCR plays a crucial role in market analysis:

  • Sentiment Gauge: Helps understand market optimism or pessimism.
  • Contrarian Indicator: Extreme values signal potential trend reversals.
  • Risk Management: A high put call ratio may trigger protective measures.

Advantages of Put Call Ratio

  • Market Sentiment: PCR captures a snapshot of market sentiment and helps to trade towards a bullish or bearish interpretation from the market perspective.
  • Contrarian Indicator: It behaves as a contrarian sign. An extremely high or low PCR may indicate the approach of mood change in the market or an upbeat or depressive attitude.
  • Risk Management: Tracking PCR helps traders understand risks and make better decisions. A bearish PCR may lead to protective action, whereas a bullish PCR encourages greater risk-taking activities.
  • Volatility Indicator: As many traders and investors are buying put options as some form of hedging against the negative risks that may prevail, a higher rise in PCR is generally linked with increased market volatility.
  • Leading Indicator: The PCR can sometimes act as a leading indicator when extreme levels are reached.

Disadvantages of Put Call Ratio

  • Subjective Interpretation: The determination of what constitutes an “extreme” level would be subjective and may vary from trader to trader.
  • False Signals: As with any indicator, the PCR can produce false signals, especially if used without any other technical or fundamental analysis metrics.
  • Lagging Nature: The PCR reflects previously traded option activity that doesn’t necessarily translate into near-term price movement.
  • Market Context Dependence: The relevance of the readings might depend on the range, trend, or reversal stage that the market finds itself in.

4 Ways to Interpret ‘Nifty Put Call Ratio Live Chart’ and Nifty Spot Correlation

  • Trend Confirmation: A positive PCR amplified by increasing Nifty spot price would confirm that the bull trend is not over yet.
  • Reversal Signal: An extremely high PCR accompanied by a falling Nifty spot price could be a hint that the market is oversold and due for a reversal.
  • Bearish Divergence: When the PCR goes upwards, in contrast, the Nifty prices do not move up or go down, which indicates that more bullish sentiment turns bearish.
  • Bullish Divergence: It is a situation in which the PCR goes down, but the Nifty spot price shows as steady or rising. This might reflect that bearish sentiment is dropping, and bullish momentum may start rising.

Interpretation of PCR

  • PCR < 1: It suggests that more open call contracts are present than put contracts. It also means a bullish market sentiment where traders and investors believe the price of the underlying asset will rise. More call contracts than put contracts = Bullish sentiment
  • PCR > 1: If PCR is greater than 1, then the number of put contracts is higher compared to the number of call contracts, and hence, it portrays a bearish market psychology. The traders, as well as investors, think that the value of the underlying asset will go down. More put contracts than call contracts = Bearish sentiment
  • PCR = 1: When the PCR stands at about 1, this usually indicates market opinion is fairly neutral since there is little crowd psychology geared toward shorting or longing, and a greater number of investors and traders have equally bullish and bearish opinions. Market sentiment is neutral, indicating balanced trading activity.

Arbitrage Opportunities

Premium

Discount

Script
Spot
Future
Premium(%)

OFSS

8,790.50

8,791.00

0.00%

TORNTPOWER

1,368.60

1,368.70

0.00%

GMRAIRPORT

94.32

94.33

0.01%

NCC

227.57

227.62

0.02%

PEL

1,326.70

1,327.00

0.02%

News

Mutual_Fund_Sector_31-380x214.jpg.webp

The NFO is available for subscription from July 08 to July 22, 2025.

8 Jul 2025|12:27 PM

NFO-380x214.jpg.webp

The NFO is available for subscription from June 27 to July 11, 2025

1 Jul 2025|04:42 PM

Mutual-fund-Banner-1-380x214.jpg.webp

The NFO is available for subscription from June 27 to July 11, 2025.

27 Jun 2025|11:34 AM

Healthcare-Sector-3-380x214.jpg.webp

The NFO is available for subscription from June 09 to June 23, 2025.

11 Jun 2025|12:14 PM

Mutual_Fund_Sector_31-380x214.jpg.webp

The NFO is available for subscription from June 02 to June 16, 2025.

4 Jun 2025|12:46 PM

FAQs

What constitutes a high PCR?

downArrow

A high PCR is typically above 1.0, meaning that the number of put options traded is higher than the call options.

What does a Put Call Ratio greater than one indicate?

downArrow

If the PCR is more than one, it then means that there have been more purchases of puts than calls by the traders, which means that the current market situation is bearish.

What is the ideal PCR ratio?

downArrow

It's likely that market volatility, earnings reports, economic events, and general market sentiment would all impact PCR.

What factors can affect the PCR ratio?

downArrow

It's likely that market volatility, earnings reports, economic events, and general market sentiment would all impact PCR.

Is a high put-call ratio good?

downArrow

It depends on perspective. A high PCR may indicate excessive bearishness, which contrarian traders may see as a bullish signal.

What is a bullish put-call ratio?

downArrow

A low PCR, generally below 0.7, is considered bullish as it reflects higher call option trading.

Is the put-call ratio a reliable measure to forecast future market conditions?

downArrow

While PCR can provide insights, it should be used alongside other indicators and analysis for more reliable forecasting.

How can I determine PCR results?

downArrow

PCR results can be tracked using financial data platforms that provide real-time options trading volumes and comprehensive charts.

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Download IIFL Mobile App banner
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.