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analysis · intermediate

Put-Call Ratio

The Put-Call Ratio compares put activity with call activity using volume or open interest.

PCR based on open interest is commonly tracked for Nifty options in India.

A higher PCR can indicate heavier put positioning relative to calls, though interpretation varies.

Extremes in PCR are sometimes used as contrary sentiment markers by market technicians.

PCR should be read with spot trend, IV, and strike-wise OI rather than in isolation.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.