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Put-Call Ratio (PCR) Analysis — Market Sentiment Guide (Hindi)

PCR kya hai, kaise calculate hota hai, market sentiment kaise read karein — complete Hindi guide with trading strategies.

Published by The Retail Trader · AUG 13, 2026 · Features

PCR kya hai, kaise calculate hota hai, market sentiment kaise read karein — complete Hindi guide with trading strategies.

PCR Kya Hai?

PCR ka full form hai Put-Call Ratio. Ye batata hai ki options market mein puts vs calls ka ratio kya hai — matlab kitne log bearish (puts) hain vs bullish (calls).

PCR = Total Put Open Interest / Total Call Open Interest

PCR Interpretation

Ye paanch baatein dhyaan mein rakho:
• > 1.5 — Sentiment: Very Bullish, Meaning: Bahut zyada puts sell ho rahe hain → strong support
• 1.2 - 1.5 — Sentiment: Bullish, Meaning: Puts slightly zyada → market expect upar jaayega
• 0.8 - 1.2 — Sentiment: Neutral, Meaning: Balanced → koi clear direction nahi
• 0.5 - 0.8 — Sentiment: Bearish, Meaning: Calls zyada → resistance strong
• < 0.5 — Sentiment: Very Bearish, Meaning: Extreme call buying → correction possible

PCR + Price Analysis

Ye chaar baatein dhyaan mein rakho:
• Rising PCR + Rising market — Price Action: Strong bullish trend, Signal: ✅ Hold longs
• Rising PCR + Falling market — Price Action: Bearish but support building, Signal: ⚠️ Watch for reversal
• Falling PCR + Rising market — Price Action: Rally weakening, Signal: ⚠️ Caution
• Falling PCR + Falling market — Price Action: Strong bearish trend, Signal: ❌ Avoid buying

PCR Trading Strategies

Strategy 1: Trend Confirmation:
• PCR rising with market → Bullish trend confirmed
• PCR falling with market → Bearish trend confirmed

Strategy 2: Reversal Signal:
• PCR > 1.5 (extreme bullish) → Contrarian sell signal
• PCR < 0.5 (extreme bearish) → Contrarian buy signal

Strategy 3: PCR + VIX:
• High PCR + High VIX → Maximum fear → Strong buy signal
• Low PCR + Low VIX → Maximum complacency → Caution

Cheat Sheet

Ye baatein dhyaan mein rakho:
• 📌 PCR QUICK REFERENCE
• LEVELS:
• 📊 > 1.5 = Very Bullish
• 📊 1.2-1.5 = Bullish
• 📊 0.8-1.2 = Neutral
• 📊 0.5-0.8 = Bearish
• 📊 < 0.5 = Very Bearish
• CONTRARIAN:
• 📊 Extreme high PCR → Market bottom signal
• 📊 Extreme low PCR → Market top signal
• STRATEGIES:
• ✅ Trend confirmation (PCR + price)
• ✅ Reversal at extremes
• ✅ PCR + VIX combo

Aage Kya Padhein?

Ye chaar baatein dhyaan mein rakho:
• Option Chain Kaise Padhein?
• Implied Volatility Kya Hai?
• F&O Expiry Kaise Kaam Karta Hai?
• India VIX Kya Hai?

The Retail Trader — educational market analysis. Not investment advice.

Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.

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