# PCR Trend — StockMojo - Live page: https://stockmojo.in/pcr-trend - Content last updated: 2026-05-09 - Platform: StockMojo — free options analytics for Indian markets (NSE F&O) This is a machine-readable markdown mirror of the live tool page. The live page shows real-time NSE data during market hours (09:15-15:30 IST) and supports 200+ F&O symbols via per-symbol URLs like https://stockmojo.in/pcr-trend/banknifty. ## Frequently asked questions ### What is the PCR Trend chart and how is it different from intraday PCR? The PCR Trend chart plots one Put-Call Ratio value per trading day across the last 365 sessions, with the futures close overlaid on the same time axis. Intraday PCR shows how sentiment shifts within a single session, but it can't tell you whether today's reading is normal or extreme. The trend chart fixes that — you instantly see whether current PCR is at the high end of the year-long range, the low end, or middle of the band. ### How is daily PCR calculated in this tool? For each session we sum put open interest across every active strike and divide by the sum of call open interest, using the smallest live options expiry that traded that day. For Nifty, BankNifty and Sensex this is the nearest weekly expiry; for F&O stocks it is the nearest monthly expiry. The reading is the closing snapshot — the same number Indian analysts quote at the end of the trading day. ### Why is the futures price overlaid on the PCR line? Because PCR alone tells you about positioning, not about price. Overlaying the underlying's monthly futures close lets you spot divergences in seconds: rising PCR while futures slide is a classic bullish setup (put writers building a floor below price); falling PCR while futures rally is a bearish warning (call writers capping the upside). These divergences are invisible on a stand-alone PCR chart. ### What PCR levels are considered extreme on the year-long chart? Sustained readings above 1.5 mark extreme bullish positioning that historically precedes pullbacks (contrarian). Sustained readings below 0.5 mark extreme call writing that often precedes bounces. The neutral zone is roughly 0.8 to 1.2. The 365-day window helps because you can see whether 1.4 is a fresh extreme for this symbol or a routine reading — the same number means different things on Nifty, BankNifty and individual stocks. ### How do weekly and monthly expiry rollovers affect the trend? Each daily point uses the nearest live expiry, so on rollover days the underlying expiry naturally shifts. The chart is index-aligned and gap-aware, so days with no options activity render as breaks rather than zero values. This keeps the trend line truthful around exchange holidays and illiquid stocks, and prevents the rollover from creating artificial spikes. ### PCR Trend vs intraday PCR — when should I use which? Use the trend chart for context and regime detection: where does today's PCR sit relative to the last quarter, the last six months, the full year? Use intraday PCR for entry timing within a session. The two are complementary — trend tells you the bias and whether the current level is elevated; intraday tells you when the bias is shifting. Most experienced traders glance at the trend before zooming into the intraday view. ### Can the PCR Trend predict reversals on its own? It can flag conditions that frequently precede reversals — sustained extremes, sharp PCR-vs-futures divergences, or breaks of multi-month bands — but it cannot predict reversals deterministically. The trend is one input. Combine it with price action, the intraday PCR snapshot, max-pain levels and OI buildup before acting. Used in isolation, any single sentiment indicator including PCR has high false-signal rates. ### What are the limitations of the PCR Trend chart? Three big ones. First, it ignores futures-side positioning — a fund hedging a long futures book with puts looks identical to a fund taking a directional bearish bet. Second, single large institutional orders can skew the daily ratio temporarily. Third, structural shifts in option-market participation (new market makers, regulatory changes) can move the long-term band without any change in actual sentiment. Always cross-check trend signals with price action and OI buildup at strike level. ## How to use the PCR Trend tool 1. **Select an underlying** — Choose Nifty, BankNifty, Sensex, or any F&O stock from the symbol selector. The chart loads the last 365 trading days of daily PCR with the futures close overlay. 2. **Read the year-long band** — Note the typical PCR range for this symbol over the last year. Indexes usually band between 0.8 and 1.3; individual stocks vary much more widely. The band itself is symbol-specific context. 3. **Locate today's reading** — Find where the current PCR sits inside the year-long band. Is it near the upper edge (extreme bullish positioning), lower edge (extreme call writing), or in the middle? 4. **Check for price divergence** — Compare the PCR line direction against the futures overlay. PCR rising while futures fall, or PCR falling while futures rally, are the highest-information divergences on this chart. 5. **Confirm with intraday tools** — Pair the trend signal with our intraday Put-Call Ratio tool, Max Pain, and Open Interest analysis before structuring a trade. The trend gives you regime; the intraday tools give you timing. ## Related tools - [Put Call Ratio](https://stockmojo.in/put-call-ratio) — markdown: https://stockmojo.in/put-call-ratio.md - [Max Pain](https://stockmojo.in/max-pain) — markdown: https://stockmojo.in/max-pain.md - [Open Interest](https://stockmojo.in/open-interest) — markdown: https://stockmojo.in/open-interest.md ## Glossary Terms used: put-call-ratio, open-interest, max-pain. Definitions: https://stockmojo.in/glossary