Nifty Next 50 (NIFTYNXT50) Put-Call Ratio
Put-Call Ratio by session Top: daily candles with EMA 20 / 50 / 100 / 200. Bottom: PCR of all running expiries (the expiring contract is left out on its last day). Pick OI or volume here, and the strike range under Settings.
Daily OI change: puts vs calls Puts added minus calls added, all running expiries
Total OI: calls vs puts All running expiries. The saw-tooth is the expiry cycle: OI builds up, then the expiring contract drops out.
PCR summary
PCR by expiry Selected session, every running expiry
PCR extremes: what followed?
What followed each PCR reading?
Nifty Next 50 (NIFTYNXT50) Put-Call Ratio: What It Measures
The definition
The put-call ratio (PCR) divides the total open interest of all NIFTYNXT50 put options by the total open interest of all call options for the same expiry. A PCR of 1.20 means there are 1.2 open put contracts for every open call contract. This page uses OI, not volume, so it reflects positions held overnight rather than the day's trading.
Reading the main chart
The top pane shows daily NIFTYNXT50 candles. The bottom pane shows the PCR of all running expiries (the contract expiring that day is left out), with a dashed 20-session average. Switch between OI PCR (positions still open) and Volume PCR (contracts traded that day). Drag the chart to move back in time.
Why the PCR here can differ from other sites
Some tools calculate PCR only over the strikes shown on screen, others over all strikes of one expiry, and some add all expiries together. The main chart here adds all running expiries; the PCR by expiry table shows each expiry separately, plus a near-the-money PCR for the selected expiry (10 strikes either side of ATM).
How Traders Interpret NIFTYNXT50 PCR
Rising PCR
A rising PCR means puts are being added faster than calls, or calls are being closed. In index options a large share of put OI comes from writers, so many traders read a rising PCR as writers becoming more comfortable selling puts below the market.
Falling PCR
A falling PCR means calls are being added faster than puts, or puts are being closed. It often shows call writing above the market or put writers leaving.
Extremes and the contrarian view
Very high or very low readings compared with the recent range are sometimes read as crowded positioning. Some traders treat extremes as a sign that one side is stretched. What counts as extreme is specific to each symbol and expiry, so compare today's value with the chart, not with a fixed number.
Change beats level
The direction and speed of the PCR over several sessions usually says more than a single reading. A jump from 0.7 to 1.0 in two sessions is a meaningful shift in positioning even though 1.0 is an ordinary number.
Using the OI Change and Total OI Charts
Daily OI change
Each bar is puts added minus calls added across all running expiries. Green bars mean more put OI was added than call OI; red bars mean more call OI. The legend shows both numbers for the last session.
Total OI
The lines show outstanding call and put OI across all running expiries. The saw-tooth shape is the expiry cycle: OI builds up into each expiry, then the expiring contract drops out.
Limitations
PCR does not show who holds the positions or why. Hedging, spreads and arbitrage all create OI that has no directional meaning. This page uses NSE end-of-day data, so intraday swings are not shown.
NIFTYNXT50 Put-Call Ratio: Frequently Asked Questions
What is the NIFTYNXT50 PCR today?
The latest value is in the PCR positioning band and the PCR summary card, calculated from NSE end-of-day open interest. The positioning band compares it with the past year of sessions for NIFTYNXT50.
What is a good PCR for NIFTYNXT50?
There is no fixed good or bad level. Compare the current PCR with its own recent range on the chart. Direction and speed of change are usually more useful than the number itself.
Is this PCR based on OI or volume?
Both are available. OI PCR (the default) uses positions still open at the close. Volume PCR uses contracts traded that day, which reacts faster but is noisier. Use the toggle above the main chart.
Why is PCR different on the Open Interest page?
The Open Interest page shows PCR for the visible strike range (for example ATM ± 10 strikes). This page uses every strike in the expiry.
Does a high PCR mean the market will rise?
Not necessarily. Some traders read a high PCR as put writers supporting the price, others as fear. On NSE data from July 2024 to October 2026, neither reading predicted NIFTY or BANKNIFTY returns, and the popular 1.3 / 0.7 levels did not work. The "What followed each PCR reading" table shows the record for NIFTYNXT50.
How far back does the history go?
The charts hold every session since July 2024. Use the 1M to All buttons, or drag the chart back in time.
Put-Call Ratio for other indices & stocks
Data: NSE F&O bhavcopy (end of day). This page explains how market participants commonly read this data. It is for education only and is not a recommendation to buy or sell any security.