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Put Call Ratio (PCR) Explained — Market Sentiment Guide (Hindi)

Put call ratio kya hai, kaise calculate hota hai, market sentiment kaise read karein — complete Hindi guide.

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

Put call ratio kya hai, kaise calculate hota hai, market sentiment kaise read karein — complete Hindi guide.

Put Call Ratio (PCR) Kya Hai?

PCR ek sentiment indicator hai jo batata hai ki options market mein puts vs calls ka ratio kya hai. Ye market ka mood batata hai — bullish hai ya bearish.

PCR = Total Put OI / Total Call OI

PCR Interpretation

Ye paanch baatein dhyaan mein rakho:
• > 1.5 — Market Sentiment: Very Bullish, What It Means: Bahut zyada puts sell ho rahe hain → support strong
• 1.0-1.5 — Market Sentiment: Bullish, What It Means: Puts slightly zyada → market expect upar jaayega
• 0.8-1.0 — Market Sentiment: Neutral, What It Means: Balanced → koi clear direction nahi
• 0.5-0.8 — Market Sentiment: Bearish, What It Means: Calls zyada → resistance strong
• < 0.5 — Market Sentiment: Very Bearish, What It Means: Extreme call buying → market girega

Contrarian Signal:
• PCR > 2.0 → Market bottom near (buy signal)
• PCR < 0.4 → Market top near (sell signal)

PCR Trading Strategies

Strategy 1: Trend Confirmation:
• Rising PCR + Rising Market = Strong uptrend
• Falling PCR + Falling Market = Strong downtrend

Strategy 2: Reversal Signal:
• Extreme PCR (>2.0 or <0.4) = Contrarian opportunity

Strategy 3: PCR + India VIX:
• High PCR + High VIX = Fear peak = Buy signal
• Low PCR + Low VIX = Complacency = Sell signal

Cheat Sheet

Ye baatein dhyaan mein rakho:
• 📌 PCR QUICK REFERENCE
• LEVELS:
• 📊 > 1.5 = Very Bullish
• 📊 1.0-1.5 = Bullish
• 📊 0.8-1.0 = Neutral
• 📊 0.5-0.8 = Bearish
• 📊 < 0.5 = Very Bearish
• CONTRARIAN:
• 📊 > 2.0 = Bottom signal (BUY)
• 📊 < 0.4 = Top signal (SELL)
• STRATEGIES:
• ✅ Trend confirmation
• ✅ Reversal at extremes
• ✅ PCR + VIX combo

Aage Kya Padhein?

Ye chaar baatein dhyaan mein rakho:
• Option Chain Kaise Padhein?
• Implied Volatility Kya Hai?
• India VIX Kya Hai?
• Option Greeks Kya Hain?

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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