What is Put-Call Ratio Calculator?
Calculate Put-Call Ratio (PCR) for Nifty or any stock to gauge market sentiment and identify extreme fear or greed Simply enter your values, and the calculator instantly computes accurate results using standard financial formulas. All calculations are performed entirely in your browser — nothing is stored or transmitted.
Formula Used
PCR above 1 means more puts traded than calls — bearish sentiment. PCR below 0.7 means more calls — bullish. Extreme readings (PCR > 1.5 or < 0.5) often indicate contrarian reversal — market may reverse against the prevailing sentiment.
How to Use This Calculator
- Enter the total put open interest from NSE option chain
- Enter the total call open interest
- Click Calculate to see PCR value and sentiment interpretation
- Use daily PCR for short-term trading and weekly PCR for broader trend
- Combine with price action for higher accuracy
Worked Example
Nifty Total Put OI: 85,00,000 | Total Call OI: 70,00,000 → PCR = 85/70 = 1.21 | Interpretation: Slightly bearish | Market likely to consolidate or dip
Why Use This Tool?
- Gauge market fear/greed sentiment instantly
- Identify contrarian reversal opportunities at extreme PCR levels
- Complements technical analysis with sentiment data
- Track PCR trend over days to see changing market sentiment
Frequently Asked Questions
What is Put-Call Ratio (PCR)?
PCR measures the ratio of put options traded to call options traded. A high PCR (above 1) indicates more puts than calls — bearish sentiment, with traders buying puts for protection or speculation. A low PCR indicates bullish sentiment. Extreme readings are contrarian signals.
What PCR indicates a market bottom or top?
A PCR above 1.5 often signals excessive fear and may indicate a market bottom (contrarian bullish). A PCR below 0.5 signals excessive greed and may indicate a market top (contrarian bearish). These extreme levels are more reliable on a weekly basis than daily.
PCR by OI vs PCR by volume — which is better?
PCR by OI (open interest) reflects accumulated positions and is more reliable. PCR by volume is more real-time but noisier. Most professional options analysts prefer OI-based PCR, especially when OI is large and stable (not expiry day). NSE option chain shows both.
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