SBIN PCR Trend | Year-long Put-Call Ratio with Futures Overlay
The SBIN PCR Trend chart plots the daily Put-Call Ratio for SBINoptions across the last 365 trading days, alongside the monthly futures close price. Each row represents one NSE trading day: total put open interest divided by total call open interest for the smallest options expiry traded that day. By overlaying the futures price you can see at a glance whether sentiment is moving with price, leading it, or diverging — the kind of context a single intraday PCR snapshot can't deliver.
For indexes like Nifty and BankNifty the underlying expiry rolls weekly, so each daily PCR value reflects the nearest weekly options book. For F&O stocks the expiry rolls monthly. Either way the chart is index-aligned and gap-aware: days with no options activity are rendered as breaks rather than zero values, so the trend line stays truthful around exchange holidays and illiquid stocks.
Reading the SBIN PCR trend
Sustained SBIN PCR above 1.2 across multiple weeks suggests institutional put writers are defending lower levels — a bullish-leaning regime in the Indian market, where most option premium is sold rather than bought. Sustained PCR below 0.8 indicates call writers are dominating, hinting at caution. Extremes — above 1.5 or below 0.5 — historically precede mean-reverting moves, especially when they coincide with sharp futures-price divergences on the chart.
Use the trend chart alongside the intraday Put-Call Ratio tool for session-level detail, the Open Interest Analysis tool for strike-level context, and the Max Pain calculator for expiry pinning levels.
PCR Trend
State Bank of India (SBIN) PCR Trend: Year-Long Sentiment Baseline
What does the SBIN PCR Trend show?
The State Bank of India (SBIN) PCR Trend chart plots one Put-Call Ratio value per trading day across the last 365 sessions. Each point uses the smallest live options expiry that traded on that day — the nearest weekly for indexes, the nearest monthly for stocks — and divides total put open interest by total call open interest at the close. Layered on top is the futures close, so you read sentiment and price on the same axis. As a NIFTY and BANKNIFTY and FINNIFTY constituent, this view is what separates routine PCR levels from genuinely extreme ones.
Why a year-long view matters for SBIN
A single intraday PCR snapshot has no context. A reading of 1.3 might be perfectly normal for State Bank of India or a fresh six-month high — the snapshot can't tell you. The trend chart frames every reading inside the symbol's actual band over the last twelve months. You see at a glance whether today's value is mid-band, near the high edge (typically contrarian bearish for the next few sessions), or at the low edge (typically contrarian bullish).
Reading the SBIN PCR band
For most Indian indexes the year-long PCR band sits roughly between 0.8 and 1.3. F&O stocks vary much more — some heavyweight names cluster between 0.6 and 1.0, others band 1.0 to 1.6 because of structural hedging by holders. The band is symbol-specific. Once you've watched SBIN for a few months you'll know exactly where its neutral zone is, and any visit to the edges of that range becomes immediately actionable.
Today's SBIN reading in context
As of 20 August 2026, locate the current SBIN PCR on the trend line and ask three questions. Where is it inside the year-long band? Which direction has it been moving over the last 5-10 sessions? And is the futures overlay confirming or diverging? A PCR climbing toward the upper band while futures slide is the highest-information setup this chart produces — institutional put writers actively defending lower strikes against price weakness, the textbook bullish reversal signature on State Bank of India.
State Bank of India (SBIN) PCR Extreme Readings
What counts as an extreme PCR reading on SBIN?
Extremes are symbol-specific, which is why the year-long chart matters so much. For State Bank of India (SBIN), an extreme upper reading is roughly the top 5% of the last 365 sessions — usually values above 1.5 for indexes and higher for stocks with heavy hedging. Extreme lower readings are the bottom 5%, typically below 0.5. These zones don't predict reversals deterministically, but they identify environments where reversal probability is meaningfully higher than baseline.
What an extreme high PCR means on State Bank of India
When SBIN PCR reaches the top of its year-long range, put writers are unusually confident. The contrarian read is that this confidence has crowded out cautious capital — anyone who was going to write puts already has — leaving the position vulnerable if price drops sharply enough to force put writers to cover. Historically, State Bank of India extreme high PCR readings have preceded short-term pullbacks roughly 60-70% of the time, especially when the upper extreme coincides with the futures overlay also at multi-month highs.
What an extreme low PCR means on State Bank of India
Extreme low SBIN PCR means call writers dominate — the upside is heavily capped with sold calls. The contrarian interpretation is that there's nobody left to sell more calls, so any sustained move higher forces those writers to hedge or unwind, fueling further upside. On State Bank of India this typically resolves with a bounce or short squeeze. The signal is strongest when the futures overlay is also at multi-month lows, indicating capitulation across both price and positioning.
When extreme readings fail
Extreme readings fail in strong unidirectional markets. If SBIN is in a sustained trend driven by macro factors — earnings revisions, sector rotation, RBI cycle shifts — PCR can stay pinned at one edge of the year-long band for weeks. Trying to fade the extreme in those conditions is expensive. As of 20 August 2026, treat the extreme as a heightened-probability zone, not a guaranteed signal. Wait for the first reversal candle on the futures overlay before acting on the contrarian PCR read.
State Bank of India (SBIN) PCR Trend for Positional Traders
Why positional traders care about the SBIN PCR trend
Positional traders hold State Bank of India positions for days to weeks, which makes single-session intraday PCR mostly noise to them. The PCR Trend, in contrast, is built for their timeframe. A reading is one data point per day, and the slope across 5-10 sessions is exactly the lookahead positional traders need. Combined with the futures overlay, the chart answers their core question: is the medium-term sentiment regime supporting or fighting my position?
Setting bias from the SBIN trend slope
The simplest positional rule on SBIN: rising PCR slope across the last two weeks = constructive bias for longs (put writers are building support); falling slope = constructive bias for shorts (call writers are capping rallies); flat slope inside the neutral band = stay neutral or trade with tight stops. As a NIFTY and BANKNIFTY and FINNIFTY constituent, this slope-based bias on State Bank of India filters out far more bad trades than any fixed threshold rule.
Sizing positions against the trend
Positional sizing on SBIN should scale with how decisively the trend supports the trade. PCR in the neutral band with a flat slope = base size. PCR moving toward your direction with the futures overlay confirming = larger size, with a wider stop because the regime supports the position. PCR fighting your direction = smaller size or skip the trade. The trend chart is essentially a position-sizing input dressed up as a sentiment indicator.
Exit rules from the trend chart
As of 20 August 2026, the most underused feature of the State Bank of India PCR Trend is exits. When you're long SBIN and PCR has been rising for two weeks, an extreme reading at the upper edge of the year-long band is a flag to start scaling out. When you're short and PCR has been falling, an extreme low is your scale-out flag. These exit triggers from the trend chart prevent the most common positional trader mistake — riding a winner all the way through the reversal because intraday signals were too noisy to time the exit.
SBIN PCR trend: quick reference
| Position in 52-week PCR range | What it signals | Divergence to watch on the futures overlay |
|---|---|---|
| Near 52-week high | Extreme bullish positioning for SBIN; put writers stretched | PCR stalling while futures keep rising — bull exhaustion, contrarian pullback risk |
| Upper quartile | Elevated bullish bias vs the past year | PCR rising with rising futures confirms the uptrend |
| Mid-band | Regime-typical, neutral positioning | No edge; wait for a move toward either extreme of the band |
| Lower quartile | Cautious tilt; call writers gaining ground | PCR falling with falling futures confirms the downtrend |
| Near 52-week low | Extreme call writing / capitulation for SBIN | PCR turning up while futures still fall — potential bullish reversal |
Unlike a fixed textbook band, these zones are relative to SBIN's own last-52-week PCR range, so a reading of 1.4 can be a fresh extreme on one symbol and mid-band on another. Read the position together with the futures overlay direction — the divergence column is where the year-long chart earns its edge over a single intraday snapshot.
How to use the PCR Trend tool
- 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.
- 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.
- 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?
- 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.
- 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.
SBIN PCR Trend — Frequently Asked Questions
What does the SBIN PCR trend tell traders?
The SBIN PCR trend plots the daily put-to-call open-interest ratio over the last year. Rising PCR over weeks signals accumulating put writing — usually bullish positioning by Indian institutions defending lower strikes. Falling PCR signals call writers gaining ground and a more cautious tilt. Comparing the trend against the futures price overlay reveals whether sentiment is leading or lagging the move.
How is daily SBIN PCR calculated here?
For each trading day we sum put open interest across all strikes and divide by the sum of call open interest, using the smallest options expiry that traded that day. For SBIN this is typically the nearest weekly expiry for indexes and the nearest monthly expiry for stocks.
When is SBIN PCR considered extreme?
Historically, SBIN PCR readings above 1.5 mark extreme bullish positioning that often precedes pullbacks (contrarian), and readings below 0.5 mark extreme call writing that can precede bounces. The neutral zone is roughly 0.8 to 1.2. The 365-day window helps you judge whether today's value is a fresh extreme for this symbol or a routine reading.
Why does the SBIN PCR trend overlay the futures price?
The futures overlay turns positioning into a divergence detector. Comparing the SBIN PCR line against the monthly futures close reveals whether sentiment leads or lags price. Rising PCR while futures slide is a bullish setup — put writers building a floor; falling PCR while futures rally warns of call writers capping the upside. These divergences stay invisible on a stand-alone PCR chart.
How often does the SBIN PCR trend update?
The SBIN PCR trend adds one new point per NSE trading session, using that day's closing put-to-call open-interest ratio. During market hours the latest point refreshes as live open interest changes; after 3:40 PM IST it settles to the final close. The chart always shows a rolling 365-day window, so the oldest session drops off as each new day is added.