If PCR is less than 1 and down, that mean there are more calls, then how we can say 'Down means nifty down trend becoming strong'.
from where on nse site, get this PCR data for expiry month wise?
from where on nse site, get this PCR data for expiry month wise?
Not perfect standard, but, Generally my analysis of PCR: PCR above 1.4 means 14 put with 10 call, means more put written and that put side is down side which will never come. PCR below 0.9 means 9 put with 10 call, means more call written and that call side is up side which will never come.
As mentioned in previous posts, PCR above 2.8-3.2 is overbought and PCR below 0.4-0.6 is oversold. According to Trend Strength and its Force to change the trend may alter this figure sometimes.
I don't care NSE PCR data or any brokers PCR data. Here is NSE link for Current Month PCR VOL data(click on year then month): http://www.nseindia.com/content/fo/fo_businessgrowth.htm This data is almost matching with my Current Month PCR VOL data.