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Put Call Ratio

INDEX

PCR OI

Symbol
Put
Call
Ratio

NIFTY

13,50,54,155

16,03,04,555.00

0.84

Note: OI Figures are in Thousands

PCR Volume

Symbol
Put
Call
Ratio

NIFTY

1,52,75,50,875

1,31,46,34,500.00

1.16

Note: Volume Figures are in Thousands

STOCKS

PCR OI

Symbol
Put
Call
Ratio

30,39,300

46,40,400.00

0.65

16,84,37,600

23,78,52,800.00

0.71

3,60,06,000

4,67,40,000.00

0.77

19,43,625

39,04,125.00

0.50

2,22,41,000

2,59,45,150.00

0.86

67,35,275

1,58,63,925.00

0.42

72,61,445

1,69,57,825.00

0.43

10,75,800

14,41,550.00

0.75

20,85,200

31,59,600.00

0.66

1,91,64,675

3,17,71,500.00

0.60

3,66,350

9,51,100.00

0.39

22,74,300

37,45,350.00

0.61

23,58,900

67,66,200.00

0.35

9,69,750

14,90,250.00

0.65

3,29,750

6,88,250.00

0.48

17,43,875

45,24,975.00

0.39

23,41,025

42,29,650.00

0.55

5,74,600

7,31,600.00

0.79

49,92,600

63,45,000.00

0.79

80,65,925

1,04,70,075.00

0.77

28,91,200

64,53,600.00

0.45

11,46,03,500

10,89,71,500.00

1.05

2,33,11,650

2,99,96,150.00

0.78

2,73,88,800

5,18,96,800.00

0.53

4,26,500

10,97,800.00

0.39

39,10,500

47,43,200.00

0.82

42,47,100

99,28,750.00

0.43

21,31,000

38,96,000.00

0.55

6,72,00,000

12,06,24,000.00

0.56

2,60,575

5,21,150.00

0.50

52,50,700

63,10,850.00

0.83

8,28,400

14,62,600.00

0.57

52,71,000

72,32,400.00

0.73

2,98,875

4,97,400.00

0.60

9,10,750

12,45,000.00

0.73

62,34,525

80,39,625.00

0.78

40,175

98,450.00

0.41

4,03,41,000

4,54,62,750.00

0.89

13,24,125

32,83,875.00

0.40

48,68,000

63,86,400.00

0.76

2,03,47,600

2,97,13,000.00

0.68

2,40,17,000

3,25,80,400.00

0.74

94,16,000

1,43,38,500.00

0.66

3,24,71,500

5,48,50,000.00

0.59

1,74,10,125

2,25,40,725.00

0.77

1,03,60,025

1,45,76,425.00

0.71

12,40,200

15,05,700.00

0.82

56,87,500

91,70,000.00

0.62

1,30,53,000

1,87,83,400.00

0.69

4,21,500

5,94,500.00

0.71

8,83,400

20,29,650.00

0.44

56,71,250

52,11,700.00

1.09

9,24,56,000

8,09,76,000.00

1.14

4,24,375

7,20,475.00

0.59

6,26,500

16,25,500.00

0.39

7,15,400

13,31,400.00

0.54

33,31,300

61,70,500.00

0.54

1,62,42,200

1,82,28,600.00

0.89

1,58,16,600

1,40,45,400.00

1.13

8,46,700

15,01,300.00

0.56

72,19,550

1,16,15,225.00

0.62

21,01,500

45,75,600.00

0.46

36,390

1,23,570.00

0.29

1,44,04,500

4,39,15,500.00

0.33

22,24,600

41,94,400.00

0.53

9,08,025

17,09,550.00

0.53

8,62,750

17,64,000.00

0.49

90,34,375

1,33,59,375.00

0.68

2,72,100

4,31,550.00

0.63

1,79,83,500

3,58,57,500.00

0.50

10,99,71,000

11,36,02,500.00

0.97

2,02,11,200

3,41,37,600.00

0.59

26,58,500

52,18,000.00

0.51

57,91,500

1,14,12,900.00

0.51

1,35,26,500

1,92,79,000.00

0.70

12,77,250

27,69,000.00

0.46

2,82,15,000

2,87,32,500.00

0.98

17,54,500

27,02,700.00

0.65

12,06,700

15,07,275.00

0.80

5,65,98,450

5,64,50,850.00

1.00

10,32,000

19,47,200.00

0.53

17,63,750

25,26,875.00

0.70

18,08,625

24,25,500.00

0.75

19,45,650

40,40,925.00

0.48

42,91,000

44,81,450.00

0.96

37,42,800

66,55,200.00

0.56

4,21,875

10,67,175.00

0.40

1,22,82,000

1,43,52,000.00

0.86

58,55,000

80,38,000.00

0.73

22,06,600

29,31,650.00

0.75

8,11,650

15,70,350.00

0.52

3,17,51,592

2,98,01,698.00

1.07

30,79,300

49,54,950.00

0.62

15,97,050

30,77,100.00

0.52

23,56,200

47,97,800.00

0.49

62,77,000

1,05,72,000.00

0.59

70,15,900

1,10,31,300.00

0.64

14,29,200

33,34,800.00

0.43

87,96,400

77,34,800.00

1.14

7,68,150

11,83,950.00

0.65

3,63,825

5,87,825.00

0.62

7,12,100

9,35,000.00

0.76

69,79,500

1,30,64,825.00

0.53

45,31,250

91,46,250.00

0.50

63,67,950

69,66,000.00

0.91

46,15,000

78,95,000.00

0.58

3,82,29,800

5,81,41,350.00

0.66

41,66,875

42,06,875.00

0.99

3,12,16,000

4,43,79,200.00

0.70

1,84,19,500

2,98,60,500.00

0.62

98,70,450

2,09,76,000.00

0.47

43,98,625

66,78,875.00

0.66

2,65,63,875

3,12,53,625.00

0.85

73,94,720

1,33,23,584.00

0.56

1,94,91,600

2,71,30,000.00

0.72

1,97,11,500

2,57,21,000.00

0.77

1,14,35,900

1,64,79,400.00

0.69

17,85,750

35,47,950.00

0.50

20,69,000

35,40,000.00

0.58

67,59,000

1,41,13,000.00

0.48

26,87,850

49,43,400.00

0.54

48,78,500

82,72,000.00

0.59

1,77,78,750

2,87,88,750.00

0.62

7,68,24,830

9,56,34,530.00

0.80

1,06,93,37,500

1,66,92,98,650.00

0.64

26,68,625

51,80,000.00

0.52

7,24,750

9,15,850.00

0.79

1,17,74,000

1,97,99,500.00

0.59

81,22,425

1,48,68,450.00

0.55

74,73,725

1,27,73,075.00

0.59

33,61,800

1,14,78,300.00

0.29

93,87,900

1,42,11,450.00

0.66

98,65,800

1,51,21,400.00

0.65

1,91,30,700

3,29,72,400.00

0.58

18,65,250

33,75,300.00

0.55

72,79,800

1,24,54,200.00

0.58

2,86,48,400

4,79,85,300.00

0.60

5,79,600

7,77,750.00

0.75

40,34,450

64,16,200.00

0.63

24,15,000

47,06,000.00

0.51

38,76,000

39,55,950.00

0.98

11,18,500

19,90,250.00

0.56

16,12,325

25,17,350.00

0.64

23,67,500

34,58,000.00

0.68

2,99,08,800

5,69,29,955.00

0.53

28,18,875

25,53,375.00

1.10

2,73,51,450

3,93,62,400.00

0.69

15,62,400

28,20,225.00

0.55

2,77,75,000

3,59,35,000.00

0.77

88,48,800

1,42,74,000.00

0.62

4,12,49,250

5,47,05,575.00

0.75

28,92,225

33,39,175.00

0.87

59,58,750

1,07,98,750.00

0.55

9,62,550

19,52,550.00

0.49

92,42,475

1,46,61,075.00

0.63

8,31,050

8,30,450.00

1.00

7,15,500

11,82,200.00

0.61

57,49,825

84,53,550.00

0.68

5,62,250

14,82,975.00

0.38

93,25,000

1,47,40,000.00

0.63

10,95,225

19,36,300.00

0.57

6,60,400

7,52,800.00

0.88

62,89,200

97,86,600.00

0.64

53,12,500

78,15,000.00

0.68

14,58,450

25,97,175.00

0.56

27,27,000

54,83,250.00

0.50

1,77,01,200

2,81,88,000.00

0.63

21,69,750

57,15,375.00

0.38

26,63,750

31,52,500.00

0.84

67,95,750

1,05,91,850.00

0.64

48,89,175

79,24,425.00

0.62

8,30,11,500

8,89,92,000.00

0.93

6,97,500

10,53,600.00

0.66

89,12,625

1,52,18,250.00

0.59

12,57,750

17,76,750.00

0.71

96,12,325

1,31,94,975.00

0.73

76,950

2,22,600.00

0.35

4,69,625

8,54,750.00

0.55

99,10,000

1,53,32,500.00

0.65

2,00,86,500

2,15,14,500.00

0.93

64,10,600

88,95,800.00

0.72

49,75,500

42,17,500.00

1.18

5,04,64,950

6,76,30,500.00

0.75

19,47,400

26,93,925.00

0.72

1,26,25,600

1,93,28,400.00

0.65

3,44,68,200

4,24,18,350.00

0.81

1,73,23,200

2,55,13,200.00

0.68

1,99,46,250

1,97,94,750.00

1.01

54,39,000

67,67,500.00

0.80

10,66,875

23,29,800.00

0.46

1,45,22,500

1,65,95,625.00

0.88

35,35,950

45,49,600.00

0.78

50,85,000

75,67,000.00

0.67

15,15,975

28,70,875.00

0.53

26,35,750

70,45,250.00

0.37

4,41,60,000

6,91,25,000.00

0.64

5,87,250

9,55,375.00

0.61

11,33,300

18,57,800.00

0.61

23,87,500

39,02,000.00

0.61

77,36,400

1,12,08,750.00

0.69

6,80,200

9,70,200.00

0.70

2,04,375

3,19,750.00

0.64

53,59,900

73,67,725.00

0.73

28,89,000

49,47,000.00

0.58

59,26,800

63,43,200.00

0.93

21,87,675

31,19,175.00

0.70

1,20,24,900

2,77,57,400.00

0.43

8,35,000

11,63,125.00

0.72

8,89,500

9,72,000.00

0.92

Note: OI Figures are in Thousands

PCR Volume

Symbol
Put
Call
Ratio

11,41,200

42,28,200.00

0.27

3,01,04,800

11,00,00,700.00

0.27

5,59,41,000

13,36,41,000.00

0.42

8,92,125

34,17,375.00

0.26

2,92,18,050

3,54,30,350.00

0.82

32,86,150

1,01,18,800.00

0.32

85,17,530

2,24,32,025.00

0.38

4,81,250

10,39,500.00

0.46

6,81,600

20,20,800.00

0.34

2,03,59,425

5,70,86,925.00

0.36

3,38,200

8,03,150.00

0.42

14,26,250

42,68,600.00

0.33

14,78,700

59,45,000.00

0.25

5,12,250

27,99,375.00

0.18

3,50,500

5,86,000.00

0.60

14,02,800

39,42,750.00

0.36

18,01,625

58,01,450.00

0.31

3,09,600

4,41,000.00

0.70

40,34,400

1,30,78,800.00

0.31

73,31,450

1,85,06,775.00

0.40

22,39,200

87,96,000.00

0.25

10,23,22,000

14,79,77,500.00

0.69

1,38,98,250

2,62,05,850.00

0.53

3,61,00,000

7,59,88,800.00

0.48

4,77,300

22,79,400.00

0.21

35,86,000

70,65,850.00

0.51

32,83,150

93,94,450.00

0.35

5,48,000

24,01,000.00

0.23

1,65,92,000

5,59,28,000.00

0.30

2,69,500

5,14,675.00

0.52

69,98,250

1,90,99,500.00

0.37

4,30,200

10,48,000.00

0.41

24,60,150

71,52,600.00

0.34

4,08,000

8,16,000.00

0.50

9,31,125

23,55,125.00

0.40

62,13,075

1,75,91,475.00

0.35

30,125

1,10,175.00

0.27

6,62,26,500

13,24,98,000.00

0.50

13,47,375

52,69,875.00

0.26

67,41,600

96,99,200.00

0.70

2,02,83,100

6,24,83,300.00

0.32

1,10,92,000

2,40,12,300.00

0.46

87,12,000

1,95,77,250.00

0.45

3,03,59,500

5,29,75,000.00

0.57

1,38,29,925

3,54,14,400.00

0.39

3,74,650

3,96,875.00

0.94

11,06,550

21,99,150.00

0.50

20,22,500

50,30,000.00

0.40

51,45,200

1,31,89,800.00

0.39

4,43,625

9,67,750.00

0.46

11,41,350

17,93,050.00

0.64

27,78,750

81,13,300.00

0.34

9,96,08,000

19,13,92,000.00

0.52

6,10,750

11,37,150.00

0.54

3,94,500

14,24,750.00

0.28

6,47,850

38,54,550.00

0.17

11,38,200

35,64,400.00

0.32

1,41,38,800

3,15,97,800.00

0.45

49,80,600

55,76,400.00

0.89

14,49,500

36,17,600.00

0.40

42,44,875

1,17,17,450.00

0.36

9,32,400

20,00,700.00

0.47

1,66,545

2,51,220.00

0.66

1,11,55,500

4,00,02,750.00

0.28

13,98,600

35,00,000.00

0.40

17,475

1,24,950.00

0.14

6,63,600

30,06,850.00

0.22

55,00,000

91,46,875.00

0.60

2,62,050

9,48,900.00

0.28

1,25,26,500

3,83,20,500.00

0.33

6,06,82,500

7,74,49,500.00

0.78

1,77,34,400

4,54,08,000.00

0.39

13,83,500

31,44,500.00

0.44

28,56,600

56,94,300.00

0.50

80,66,500

2,08,71,500.00

0.39

6,71,250

25,06,875.00

0.27

1,34,85,000

2,27,73,750.00

0.59

20,04,200

25,63,825.00

0.78

18,70,550

44,58,575.00

0.42

4,17,33,900

7,07,18,850.00

0.59

5,49,600

16,47,200.00

0.33

19,93,000

56,43,500.00

0.35

23,21,725

70,05,075.00

0.33

13,99,125

50,90,400.00

0.27

39,48,700

73,78,000.00

0.54

38,38,800

76,44,000.00

0.50

7,85,025

42,58,350.00

0.18

75,15,000

1,20,51,000.00

0.62

33,19,400

53,38,000.00

0.62

13,20,475

33,37,100.00

0.40

32,20,650

1,20,53,550.00

0.27

5,93,53,524

10,16,48,822.00

0.58

22,60,300

37,79,300.00

0.60

10,28,700

34,69,500.00

0.30

6,92,300

21,72,100.00

0.32

1,28,45,000

5,59,87,000.00

0.23

1,50,29,700

5,67,83,400.00

0.26

26,38,800

1,46,57,600.00

0.18

1,02,80,800

1,71,16,800.00

0.60

9,83,250

64,05,750.00

0.15

1,48,050

4,96,650.00

0.30

2,56,800

5,56,600.00

0.46

82,69,650

2,09,16,175.00

0.40

28,31,250

75,88,750.00

0.37

40,36,500

72,09,000.00

0.56

27,04,000

63,06,000.00

0.43

1,55,02,950

4,63,39,650.00

0.33

51,98,750

51,00,625.00

1.02

2,28,01,600

3,74,49,600.00

0.61

78,79,500

3,00,81,500.00

0.26

2,26,42,350

9,86,11,350.00

0.23

15,77,625

64,77,625.00

0.24

1,64,87,250

2,89,67,250.00

0.57

20,38,456

62,62,608.00

0.33

3,49,31,200

6,85,53,600.00

0.51

84,13,300

1,39,79,100.00

0.60

61,40,400

1,52,39,700.00

0.40

5,91,900

15,45,150.00

0.38

18,50,000

41,74,000.00

0.44

1,26,57,000

4,27,90,000.00

0.30

22,68,750

1,22,26,500.00

0.19

15,01,500

39,71,000.00

0.38

1,47,41,250

3,80,73,750.00

0.39

4,14,68,525

6,80,41,400.00

0.61

30,00,52,050

89,95,12,875.00

0.33

12,35,800

61,50,325.00

0.20

5,05,375

8,93,100.00

0.57

1,47,00,000

3,26,84,400.00

0.45

61,93,800

1,55,37,225.00

0.40

48,66,925

1,08,13,075.00

0.45

38,20,800

1,46,64,000.00

0.26

43,25,400

1,05,07,725.00

0.41

1,53,18,800

2,24,51,800.00

0.68

5,23,09,500

14,70,14,850.00

0.36

12,71,700

29,17,350.00

0.44

1,26,14,800

4,21,12,400.00

0.30

4,07,48,400

10,43,10,800.00

0.39

2,90,400

8,25,000.00

0.35

38,88,500

1,08,77,300.00

0.36

9,50,500

36,26,500.00

0.26

34,92,600

52,84,350.00

0.66

6,62,000

15,99,250.00

0.41

10,62,325

29,05,375.00

0.37

10,70,500

22,87,500.00

0.47

1,61,12,250

4,07,75,850.00

0.40

25,48,125

92,70,000.00

0.27

94,15,350

1,95,26,850.00

0.48

7,80,425

18,96,425.00

0.41

3,40,55,000

6,49,35,000.00

0.52

51,39,000

1,51,63,200.00

0.34

4,22,45,925

10,48,15,775.00

0.40

12,19,575

22,23,725.00

0.55

28,10,625

1,10,81,250.00

0.25

18,25,650

58,52,550.00

0.31

41,50,575

1,19,26,200.00

0.35

7,57,650

20,79,500.00

0.36

4,62,400

14,42,600.00

0.32

74,09,825

1,67,51,475.00

0.44

4,83,600

13,42,575.00

0.36

56,11,250

84,45,000.00

0.66

8,16,000

36,28,650.00

0.22

4,77,800

10,55,800.00

0.45

14,13,000

58,48,200.00

0.24

16,11,250

55,37,500.00

0.29

4,29,750

13,37,850.00

0.32

34,90,125

1,37,10,375.00

0.25

2,14,46,100

3,37,37,850.00

0.64

13,76,625

49,67,625.00

0.28

21,08,125

49,28,750.00

0.43

60,38,400

1,62,88,550.00

0.37

1,50,75,075

4,83,90,150.00

0.31

9,31,50,000

18,96,75,000.00

0.49

11,11,650

51,57,150.00

0.22

97,09,875

1,52,01,750.00

0.64

7,32,125

17,33,000.00

0.42

82,33,775

1,39,15,850.00

0.59

19,525

1,34,075.00

0.15

4,98,875

15,94,450.00

0.31

1,72,20,000

6,15,15,000.00

0.28

1,96,50,750

4,06,42,875.00

0.48

1,12,76,025

1,84,18,600.00

0.61

14,45,500

24,51,000.00

0.59

4,86,63,750

9,06,38,550.00

0.54

19,89,325

36,96,875.00

0.54

68,12,000

2,57,14,000.00

0.26

7,01,50,275

19,73,00,025.00

0.36

2,22,40,800

5,49,07,200.00

0.41

2,76,47,250

3,35,20,500.00

0.82

37,74,500

67,21,000.00

0.56

6,94,275

16,35,375.00

0.42

1,20,37,500

2,25,55,625.00

0.53

29,71,100

1,07,94,300.00

0.28

53,28,000

1,59,88,000.00

0.33

5,77,150

16,96,175.00

0.34

17,15,000

62,41,250.00

0.27

2,00,25,000

5,23,50,000.00

0.38

6,95,250

9,88,000.00

0.70

4,50,800

21,45,150.00

0.21

1,18,500

2,63,500.00

0.45

63,89,250

1,15,83,600.00

0.55

4,73,100

12,71,100.00

0.37

50,500

1,46,500.00

0.34

27,21,750

73,90,525.00

0.37

20,44,200

54,23,400.00

0.38

51,33,000

1,34,96,400.00

0.38

15,46,425

54,07,425.00

0.29

2,01,96,500

5,91,88,300.00

0.34

9,37,500

35,77,750.00

0.26

3,89,000

6,59,500.00

0.59

Note: Volume Figures are in Thousands

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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

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Premium(%)

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198.63

198.65

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76.49

76.50

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4,094.90

4,096.20

0.03%

CYIENT

1,249.00

1,249.40

0.03%

CANBK

115.37

115.41

0.03%

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FAQs

What constitutes a high PCR?

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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?

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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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