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Put Call Ratio

INDEX

PCR OI

Symbol
Put
Call
Ratio

NIFTY

12,88,16,400

20,63,71,425.00

0.62

Note: OI Figures are in Thousands

PCR Volume

Symbol
Put
Call
Ratio

NIFTY

3,71,50,83,000

3,49,97,55,000.00

1.06

Note: Volume Figures are in Thousands

STOCKS

PCR OI

Symbol
Put
Call
Ratio

20,35,800

22,70,700.00

0.90

15,59,97,600

27,38,97,700.00

0.57

2,08,29,000

3,01,89,000.00

0.69

25,36,500

28,54,500.00

0.89

1,67,04,900

2,27,84,950.00

0.73

59,23,475

1,35,90,475.00

0.44

73,38,680

1,24,40,255.00

0.59

4,35,600

13,01,300.00

0.33

28,98,800

39,97,600.00

0.73

1,88,32,800

2,32,57,800.00

0.81

5,76,650

6,71,150.00

0.86

14,31,500

19,65,600.00

0.73

14,17,900

17,84,600.00

0.79

3,13,125

4,45,500.00

0.70

4,67,250

11,88,250.00

0.39

19,57,375

32,46,075.00

0.60

21,25,700

33,19,050.00

0.64

2,91,000

4,46,800.00

0.65

28,59,600

40,60,800.00

0.70

63,92,050

84,48,125.00

0.76

46,76,800

62,24,800.00

0.75

7,01,41,500

7,96,29,000.00

0.88

1,82,19,250

2,15,67,300.00

0.84

2,72,10,400

3,59,26,400.00

0.76

2,39,600

3,38,600.00

0.71

25,89,950

37,37,250.00

0.69

11,71,100

18,45,550.00

0.63

28,67,800

46,02,000.00

0.62

17,81,000

16,48,000.00

1.08

2,03,525

3,10,800.00

0.65

28,52,500

58,62,500.00

0.49

8,30,000

13,10,600.00

0.63

12,08,550

20,51,700.00

0.59

1,62,750

2,64,375.00

0.62

67,62,125

1,10,50,875.00

0.61

6,32,000

11,48,625.00

0.55

47,58,600

78,68,850.00

0.60

61,125

85,225.00

0.72

2,92,88,250

6,32,40,750.00

0.46

10,60,875

23,00,250.00

0.46

55,44,000

95,97,600.00

0.58

2,17,89,200

2,63,71,700.00

0.83

28,50,375

80,30,000.00

0.35

2,15,52,000

3,25,22,500.00

0.66

1,81,36,875

2,42,16,075.00

0.75

1,08,01,350

1,40,81,125.00

0.77

5,26,950

8,77,950.00

0.60

19,55,000

30,65,000.00

0.64

1,38,64,300

1,90,76,000.00

0.73

28,10,100

45,28,800.00

0.62

7,09,500

6,68,750.00

1.06

10,22,700

13,34,900.00

0.77

14,90,450

20,66,350.00

0.72

7,42,32,000

8,91,12,000.00

0.83

2,43,600

3,51,750.00

0.69

3,36,250

6,41,250.00

0.52

6,72,700

7,82,600.00

0.86

4,72,500

15,21,100.00

0.31

1,41,94,700

1,90,08,600.00

0.75

78,42,600

91,49,400.00

0.86

3,32,800

5,52,400.00

0.60

12,54,000

16,13,250.00

0.78

52,64,950

42,27,475.00

1.25

6,87,600

13,32,600.00

0.52

18,405

34,125.00

0.54

2,07,72,000

5,84,66,250.00

0.36

32,25,600

46,52,200.00

0.69

3,05,475

4,74,375.00

0.64

8,83,050

10,89,200.00

0.81

59,84,375

95,34,375.00

0.63

1,73,10,000

4,43,58,000.00

0.39

8,57,11,500

11,90,02,500.00

0.72

1,09,63,200

1,64,28,800.00

0.67

13,86,750

17,29,750.00

0.80

37,88,100

65,58,300.00

0.58

1,31,10,500

1,98,05,500.00

0.66

10,11,375

16,26,375.00

0.62

1,85,62,500

2,42,62,500.00

0.77

9,75,150

20,82,850.00

0.47

7,92,000

8,92,100.00

0.89

1,19,76,100

1,74,37,300.00

0.69

10,17,600

18,28,000.00

0.56

11,20,800

12,51,200.00

0.90

16,25,875

21,13,125.00

0.77

10,00,125

16,06,150.00

0.62

13,20,900

17,91,825.00

0.74

7,35,200

14,06,950.00

0.52

32,35,200

50,92,800.00

0.64

3,77,100

6,13,125.00

0.62

77,10,000

87,45,000.00

0.88

55,12,136

75,70,192.00

0.73

24,26,800

40,38,200.00

0.60

16,58,775

24,14,000.00

0.69

4,72,350

6,48,150.00

0.73

1,70,84,998

2,44,60,684.00

0.70

25,60,425

51,82,800.00

0.49

8,46,900

13,49,100.00

0.63

16,59,700

39,67,600.00

0.42

55,17,000

62,98,000.00

0.88

1,01,08,200

97,90,300.00

1.03

20,64,000

38,20,800.00

0.54

41,96,800

53,80,800.00

0.78

1,00,350

5,24,250.00

0.19

2,84,200

4,64,450.00

0.61

1,75,200

3,77,100.00

0.46

23,37,075

36,49,550.00

0.64

28,98,750

68,20,000.00

0.43

52,99,425

67,66,875.00

0.78

41,93,000

81,40,000.00

0.52

9,12,900

11,91,700.00

0.77

3,71,46,450

4,53,66,750.00

0.82

28,24,375

34,58,750.00

0.82

2,78,08,000

4,39,08,800.00

0.63

1,10,79,750

2,19,17,250.00

0.51

92,32,200

2,11,62,300.00

0.44

44,43,250

57,23,375.00

0.78

1,24,68,900

2,15,98,750.00

0.58

3,22,53,000

4,55,17,875.00

0.71

93,84,750

1,21,06,650.00

0.78

87,48,000

1,42,41,200.00

0.61

70,94,100

1,12,38,700.00

0.63

1,03,98,500

1,55,70,800.00

0.67

17,11,800

22,74,450.00

0.75

13,74,000

20,65,000.00

0.67

52,48,000

63,36,000.00

0.83

19,63,500

24,76,650.00

0.79

62,94,750

99,24,750.00

0.63

1,92,63,750

2,68,23,750.00

0.72

7,57,76,750

9,07,65,150.00

0.83

48,71,73,600

97,60,62,600.00

0.50

17,26,975

23,53,200.00

0.73

5,12,525

8,28,100.00

0.62

1,18,11,100

1,70,95,400.00

0.69

88,16,175

1,56,26,025.00

0.56

1,20,36,850

2,03,61,950.00

0.59

49,72,200

66,42,900.00

0.75

91,99,575

1,14,81,750.00

0.80

52,94,700

1,12,99,600.00

0.47

73,86,400

1,26,15,400.00

0.59

1,45,96,350

1,76,14,950.00

0.83

19,93,650

33,98,250.00

0.59

77,18,700

1,21,23,100.00

0.64

1,34,53,000

1,85,83,400.00

0.72

2,73,600

5,50,800.00

0.50

29,27,400

46,90,700.00

0.62

17,54,000

17,21,500.00

1.02

33,53,400

51,86,700.00

0.65

8,67,250

14,61,750.00

0.59

18,12,450

29,82,050.00

0.61

15,80,975

22,80,300.00

0.69

6,99,500

14,64,500.00

0.48

2,64,70,125

3,85,29,900.00

0.69

30,25,500

35,51,250.00

0.85

2,37,38,400

3,25,36,350.00

0.73

10,57,875

15,88,750.00

0.67

2,60,45,000

3,59,00,000.00

0.73

67,57,200

84,40,200.00

0.80

2,10,27,175

2,90,58,775.00

0.72

8,60,825

13,29,650.00

0.65

39,04,375

58,33,125.00

0.67

7,75,500

10,78,050.00

0.72

83,57,250

1,27,85,025.00

0.65

7,87,400

10,05,650.00

0.78

4,36,000

7,54,300.00

0.58

25,35,650

51,52,225.00

0.49

2,92,175

7,31,575.00

0.40

94,82,500

94,55,000.00

1.00

9,47,750

10,88,850.00

0.87

6,05,000

9,59,200.00

0.63

32,38,200

46,99,800.00

0.69

36,58,000

51,97,000.00

0.70

9,18,900

9,90,900.00

0.93

23,77,500

47,84,625.00

0.50

2,31,86,250

2,70,04,050.00

0.86

22,56,000

29,36,625.00

0.77

26,44,375

26,84,375.00

0.99

26,61,900

49,66,600.00

0.54

29,48,650

38,00,350.00

0.78

39,04,125

90,08,125.00

0.43

43,41,500

73,13,575.00

0.59

5,93,66,250

7,37,70,750.00

0.80

7,58,550

10,16,100.00

0.75

44,53,800

95,00,400.00

0.47

71,72,250

84,37,875.00

0.85

3,51,500

4,38,000.00

0.80

82,21,925

1,21,08,725.00

0.68

15,625

49,075.00

0.32

7,68,300

6,04,175.00

1.27

91,55,000

1,39,80,000.00

0.65

1,64,71,875

2,99,01,375.00

0.55

80,75,950

1,32,03,575.00

0.61

21,28,000

30,91,500.00

0.69

4,14,61,800

5,63,18,850.00

0.74

14,06,925

21,82,050.00

0.64

1,59,38,000

2,27,18,800.00

0.70

3,33,71,325

3,75,01,425.00

0.89

1,69,66,800

2,85,62,400.00

0.59

5,29,200

11,67,000.00

0.45

1,42,80,750

1,88,97,000.00

0.76

39,17,500

67,33,000.00

0.58

6,75,375

9,10,800.00

0.74

1,11,04,375

1,97,42,500.00

0.56

26,29,550

29,97,500.00

0.88

32,84,000

44,93,000.00

0.73

17,80,625

35,84,000.00

0.50

11,72,150

23,88,075.00

0.49

35,83,750

44,83,250.00

0.80

97,77,500

1,27,47,500.00

0.77

9,85,750

15,95,875.00

0.62

15,23,550

17,01,000.00

0.90

11,82,000

14,75,500.00

0.80

62,29,650

72,05,100.00

0.86

48,900

1,40,300.00

0.35

1,92,250

2,65,750.00

0.72

60,29,650

66,28,150.00

0.91

29,50,200

47,46,000.00

0.62

68,31,600

67,53,300.00

1.01

15,41,025

22,97,700.00

0.67

10,95,900

16,00,800.00

0.68

1,11,64,400

1,56,13,000.00

0.72

1,29,92,100

2,00,81,800.00

0.65

5,26,000

10,91,875.00

0.48

27,13,600

49,67,425.00

0.55

45,000

1,09,000.00

0.41

Note: OI Figures are in Thousands

PCR Volume

Symbol
Put
Call
Ratio

15,41,700

47,98,800.00

0.32

4,08,96,500

9,60,05,700.00

0.43

1,55,19,000

4,47,00,000.00

0.35

11,49,750

39,34,500.00

0.29

1,88,51,950

5,81,25,600.00

0.32

63,62,175

1,48,26,625.00

0.43

49,89,110

2,03,43,970.00

0.25

4,09,200

18,73,850.00

0.22

13,85,600

30,41,200.00

0.46

97,30,575

2,03,63,850.00

0.48

13,12,800

41,61,450.00

0.32

6,79,000

13,18,450.00

0.51

20,64,400

46,81,400.00

0.44

5,35,500

7,71,750.00

0.69

10,18,750

16,61,250.00

0.61

13,28,075

20,91,425.00

0.64

21,09,025

60,21,125.00

0.35

4,13,800

6,87,800.00

0.60

25,66,800

63,18,600.00

0.41

64,21,275

1,70,86,650.00

0.38

12,18,400

34,49,600.00

0.35

15,83,23,000

29,84,90,500.00

0.53

1,05,45,850

1,80,10,450.00

0.59

2,30,95,200

4,44,16,000.00

0.52

3,42,000

7,49,100.00

0.46

11,79,200

35,93,150.00

0.33

57,69,400

1,89,18,550.00

0.30

13,94,250

43,17,300.00

0.32

6,67,000

18,45,000.00

0.36

1,16,900

1,36,850.00

0.85

22,83,050

62,75,850.00

0.36

14,91,600

38,29,000.00

0.39

10,17,450

20,79,000.00

0.49

2,84,850

4,51,800.00

0.63

55,51,875

51,17,125.00

1.08

10,22,250

22,41,125.00

0.46

51,17,475

92,12,775.00

0.56

90,075

1,04,950.00

0.86

4,14,39,000

9,89,93,250.00

0.42

8,34,750

22,04,250.00

0.38

96,10,400

1,61,25,600.00

0.60

3,19,03,600

8,62,45,000.00

0.37

15,09,750

54,02,375.00

0.28

1,98,97,000

3,59,76,000.00

0.55

96,56,850

2,40,70,725.00

0.40

10,16,000

11,62,050.00

0.87

4,05,000

6,40,800.00

0.63

8,25,000

32,65,000.00

0.25

60,42,000

1,33,41,800.00

0.45

6,17,100

18,51,300.00

0.33

7,57,875

15,51,875.00

0.49

6,16,000

14,26,250.00

0.43

4,84,250

11,29,700.00

0.43

7,45,12,000

14,64,64,000.00

0.51

1,40,000

3,76,425.00

0.37

1,44,000

8,25,000.00

0.17

9,39,750

13,10,400.00

0.72

10,19,900

86,97,500.00

0.12

90,57,100

1,36,01,900.00

0.67

13,71,600

37,74,600.00

0.36

3,09,300

11,39,000.00

0.27

17,81,250

27,09,750.00

0.66

25,75,200

35,14,800.00

0.73

1,69,500

8,34,900.00

0.20

17,610

59,565.00

0.30

1,26,42,750

3,56,78,250.00

0.35

8,73,600

24,23,400.00

0.36

2,32,200

7,52,550.00

0.31

2,90,850

6,04,100.00

0.48

43,59,375

1,57,40,625.00

0.28

1,23,81,000

4,20,88,500.00

0.29

4,22,95,500

11,47,90,500.00

0.37

37,44,000

94,65,600.00

0.40

9,87,250

14,86,500.00

0.66

61,77,600

1,08,27,000.00

0.57

1,53,27,000

2,89,12,000.00

0.53

6,15,000

17,20,500.00

0.36

1,44,97,500

5,28,82,500.00

0.27

4,39,725

9,30,050.00

0.47

5,89,325

22,51,425.00

0.26

50,92,200

1,31,36,400.00

0.39

4,38,800

21,08,000.00

0.21

4,68,800

5,67,200.00

0.83

16,33,375

22,79,000.00

0.72

7,01,750

20,17,050.00

0.35

7,35,525

16,86,825.00

0.44

18,21,950

37,14,650.00

0.49

56,44,800

93,21,600.00

0.61

19,29,825

69,75,000.00

0.28

34,56,000

63,12,000.00

0.55

63,09,864

1,14,06,688.00

0.55

19,53,600

42,93,200.00

0.46

20,66,775

69,03,700.00

0.30

3,31,950

8,98,200.00

0.37

1,27,34,548

1,99,36,216.00

0.64

18,19,475

42,32,375.00

0.43

4,90,950

21,47,400.00

0.23

11,21,400

43,89,000.00

0.26

19,22,000

39,03,000.00

0.49

1,06,57,300

1,79,29,900.00

0.59

7,45,600

35,72,400.00

0.21

33,24,000

55,89,600.00

0.59

3,68,550

5,48,550.00

0.67

3,58,575

8,42,100.00

0.43

2,01,400

9,32,100.00

0.22

66,78,700

2,45,92,750.00

0.27

12,45,000

31,05,000.00

0.40

1,14,31,800

2,85,95,025.00

0.40

26,88,000

81,10,000.00

0.33

2,63,500

12,80,950.00

0.21

2,98,23,850

4,58,32,050.00

0.65

30,79,375

75,17,500.00

0.41

4,09,02,400

5,29,04,000.00

0.77

54,86,750

1,44,92,500.00

0.38

37,29,450

1,35,34,350.00

0.28

19,37,250

42,34,125.00

0.46

26,15,200

1,18,85,150.00

0.22

1,42,25,250

2,90,69,625.00

0.49

54,37,350

2,65,80,450.00

0.20

1,94,19,600

5,00,32,800.00

0.39

48,53,500

1,06,31,800.00

0.46

2,99,29,200

4,07,23,200.00

0.73

17,62,350

23,28,150.00

0.76

4,68,000

16,78,000.00

0.28

23,73,000

50,20,000.00

0.47

21,40,050

16,17,000.00

1.32

95,45,250

3,27,77,250.00

0.29

1,57,20,000

3,50,13,750.00

0.45

7,74,36,975

9,52,07,875.00

0.81

16,28,91,525

49,42,49,625.00

0.33

9,61,075

12,93,150.00

0.74

6,45,775

5,54,450.00

1.16

1,25,84,600

2,26,76,500.00

0.55

72,37,200

2,27,66,100.00

0.32

30,50,250

1,14,05,975.00

0.27

22,87,200

70,36,200.00

0.33

58,94,775

96,22,800.00

0.61

40,12,100

1,32,79,150.00

0.30

1,21,33,800

2,93,46,800.00

0.41

28,12,200

55,14,750.00

0.51

17,56,800

64,28,850.00

0.27

80,47,600

1,23,23,300.00

0.65

1,94,78,800

2,83,94,850.00

0.69

2,58,600

3,44,700.00

0.75

21,01,400

56,30,100.00

0.37

11,09,000

12,70,000.00

0.87

14,34,300

42,47,100.00

0.34

6,50,750

13,94,000.00

0.47

7,74,000

30,62,675.00

0.25

19,50,025

23,88,375.00

0.82

4,95,000

17,69,500.00

0.28

3,95,83,125

13,48,68,600.00

0.29

11,62,875

27,17,625.00

0.43

1,75,14,000

4,48,52,850.00

0.39

9,10,625

26,22,600.00

0.35

2,34,85,000

5,01,65,000.00

0.47

20,44,800

49,93,200.00

0.41

1,50,39,850

2,01,71,150.00

0.75

6,00,250

14,90,300.00

0.40

33,19,375

42,75,625.00

0.78

22,42,350

30,19,050.00

0.74

91,00,575

1,77,16,050.00

0.51

22,86,550

57,92,950.00

0.39

8,59,900

21,10,900.00

0.41

23,96,625

1,02,35,975.00

0.23

5,41,775

17,61,175.00

0.31

57,46,250

1,04,11,250.00

0.55

3,27,250

7,40,775.00

0.44

5,84,800

7,29,600.00

0.80

15,91,200

46,06,200.00

0.35

11,17,000

29,04,000.00

0.38

10,83,600

27,64,125.00

0.39

18,03,750

57,42,000.00

0.31

1,07,21,700

2,23,07,400.00

0.48

16,21,500

30,58,500.00

0.53

42,97,500

56,95,625.00

0.75

15,13,350

43,41,500.00

0.35

29,17,200

51,63,750.00

0.56

56,65,875

1,46,95,750.00

0.39

27,93,950

78,60,775.00

0.36

4,11,48,000

6,54,95,250.00

0.63

2,81,100

5,44,800.00

0.52

25,20,700

1,06,58,700.00

0.24

49,38,000

82,52,250.00

0.60

4,95,625

12,31,000.00

0.40

57,13,675

1,00,17,200.00

0.57

37,750

44,350.00

0.85

12,39,225

26,71,175.00

0.46

1,34,10,000

4,34,37,500.00

0.31

1,02,61,125

2,40,31,875.00

0.43

88,03,175

2,16,52,875.00

0.41

15,80,000

51,72,500.00

0.31

6,93,94,650

8,85,18,150.00

0.78

12,60,025

34,54,100.00

0.36

62,60,800

1,95,31,200.00

0.32

2,62,28,475

5,04,53,325.00

0.52

96,48,000

3,71,88,000.00

0.26

24,52,500

1,09,15,200.00

0.22

1,01,47,500

2,01,96,750.00

0.50

54,24,000

1,06,07,500.00

0.51

4,45,125

10,02,525.00

0.44

85,23,125

1,80,33,125.00

0.47

33,82,500

91,65,750.00

0.37

37,14,000

53,78,000.00

0.69

3,01,000

13,71,125.00

0.22

4,78,125

13,40,450.00

0.36

82,85,500

1,18,91,250.00

0.70

77,20,000

1,45,32,500.00

0.53

17,53,125

37,02,250.00

0.47

17,62,950

22,51,550.00

0.78

6,29,000

13,34,250.00

0.47

48,07,950

1,51,88,250.00

0.32

85,700

7,27,300.00

0.12

1,17,500

3,79,250.00

0.31

30,76,575

44,60,725.00

0.69

10,13,400

34,46,400.00

0.29

21,47,400

56,64,300.00

0.38

5,44,725

24,75,900.00

0.22

6,50,700

26,32,800.00

0.25

85,17,600

3,88,07,600.00

0.22

1,23,34,900

1,63,86,600.00

0.75

5,40,500

11,07,000.00

0.49

8,00,300

43,67,200.00

0.18

12,500

58,000.00

0.22

Note: Volume Figures are in Thousands

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What is the Put Call Ratio?

The PCR is a common technical indicator used to measure the traded volume for put options in comparison with call options. The usage of PCR facilitates the analysis of the market's sentiment and further possible movements in prices. With higher values of PCR, a bearish market arises. Low PCR or very low PCR signals the formation of a bull market. In this way, the PCR explains the amount of optimism or pessimism present in the market.

How is PCR Calculated?

PCR can be calculated in two ways:

Based on open interests of a given day
The PCR ratio is the total sum of outstanding open interest in put options for a selected security or market divided by the total of outstanding open interest in call options for that given market. Open interest is said to be the total sum of options contracts remaining unexercised and also those that did not expire.

Formula
PCR = Total open interest of put options / Total open interest of call options

Example
Assume we need to determine the put call ratio for "ABC Ltd," traded on the NSE. Total open interest for put options on ABC Ltd: 2,000 contracts. The total open interest for call options on XYZ Ltd: 5,000 contracts.
Using the formula: PCR = 2,000 (Put options) / 5,000 (Call options) = 0.4
So, the put-call ratio for ABC Ltd is 0.4.

According to the trading volume of a given day
The PCR ratio can also be derived by using the investing volume of put options and call options on a given day. This brings one nearer to getting an idea about the prevailing market mood through the trading volume that takes place during that particular day.

Formula
PCR = Total trading volume of Put options / Total trading volume of Call options

Example
Let us take the trading volume of any day of "ABC Ltd." in the BSE. The total trading volume of put options on ABC Ltd is 4,000 contracts, and the total trading volume of call options on ABC Ltd is 16,000 contracts.
By using this formula: PCR = 4,000 (Put options) / 16,000 (Call options) = 0.25
So, the PCR for ABC Ltd on that particular date is 0.25.

How to Analyse PCR (Put Call Ratio)

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

  • Scenario: The Nifty PCR 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 PCR 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.

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.

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.

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.
  • 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.
  • PCR = 1: When the PCR stands 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.

Arbitrage Opportunities

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Premium(%)

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1,241.60

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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?

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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?

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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?

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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?

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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?

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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.

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