Nifty PCR Today – Live Put Call Ratio Chart

Nifty Put-Call Ratio

16 Jul, 2026, 04:08 PM IST

0.83call-heavy

Nifty PCR is call-heavy — calls are more active, acting as resistance for the expiry. Watch if PCR expands or cools to gauge the next shift in expiry sentiment.

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India Vix:
12.88 (-0.39)
Max Pain:
24100
Lot Size:
65
PCR:
0.828
CHG IN OI PCR:
1.2799

PCRCHNG OI PCR

What the number above means

PCR is total Put open interest divided by total Call open interest for the expiry. More Put OI than Call OI pushes the ratio above 1; more Call OI pushes it below. Because index option OI in India is dominated by writers, the standard reading is: high PCR = heavy Put writing = participants confident of support = bullish lean. Low PCR = heavy Call writing = bearish lean. This trips up newcomers who assume "more Puts = bearish" — for OI-based PCR, it's the opposite, because writers, not buyers, drive the OI.

Reading the bands

There are no magic thresholds, but as working heuristics on Nifty: readings around 0.8–1.2 are neutral territory; sustained moves above roughly 1.3 show aggressive Put writing (bullish, but stretched); below roughly 0.7 shows Call writers in control (bearish, also stretched). The extremes are where PCR earns its keep as a contrarian signal — when everyone has already written one side, the fuel for that direction is spent. Compare today's value against the 30-session table above rather than judging one number in isolation; PCR is a relative indicator.

OI-based vs volume-based PCR

This page's headline number is OI-based (positioning). Volume-based PCR measures today's activity and whipsaws intraday — useful for gauging session sentiment, noisy for anything longer. The toggle above shows both; know which one you're reading before acting on it.

Using PCR with the chain

PCR compresses the whole option chain into one number — powerful, but it hides where the writing sits. A bullish PCR built on Put writing far below spot is weaker support than the same ratio built at-the-money. Confirm the level against the strike-wise OI on the Nifty OI page before treating it as support.

Related tools: Nifty option chain · Nifty OI live · Max pain · FII DII data

FAQs

What is a good PCR to buy at?

There's no fixed buy level. PCR works as a relative and contrarian indicator: compare today's reading with the recent range in the table above. Extremes (roughly above 1.3 or below 0.7 on Nifty) mark stretched positioning, not automatic signals.

Why is high PCR bullish? More puts should be bearish.

Because OI-based PCR reflects writers. Heavy Put OI means sellers are confidently collecting premium below the market — they expect those strikes to hold. Buyer-driven logic applies to volume PCR, not OI PCR.

How often does this PCR update?

Every minute through market hours, computed from live NSE option chain OI for the selected expiry. The timestamp above shows the last refresh.

Which expiry does the PCR use?

The headline number uses the nearest expiry by default; use the selector to compute it for any listed series. Near-expiry PCR reacts fastest to intraday positioning.

PCR moved but Nifty didn't. Why?

Writers repositioning. OI can migrate between strikes or sides without spot moving — that's often the precursor to a move, which is why the intraday PCR trend line matters more than the level alone.

Is PCR useful for stocks or only indices?

It's most reliable on index options, where OI is deep and writer-dominated. Single-stock PCR is thinner and event-driven — use it cautiously and always alongside the stock's own chain.

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