Updated on 10 March 2026 8.00 AM IST
Reliance Industries is currently trading near Rs.1424 after a mild recovery, with the stock hovering just above its 20-day moving average (Rs.1418). The broader trend remains constructive as the medium- and long-term trends are still bullish, even though the short-term trend has turned slightly bearish due to recent consolidation.
From a technical standpoint, the stock is positioned near the key pivot level of Rs.1407, which is acting as a strong base. Momentum indicators are gradually improving. RSI near 51 indicates neutral strength with room for upside, while MACD histogram turning positive suggests that bearish momentum is fading. The Stochastic indicator above 80 reflects strong short-term momentum, though it also indicates that the stock may see brief consolidation before a breakout attempt.
The derivatives structure adds an interesting dimension to the setup. The stock’s futures are trading at a premium (Rs.1432 vs spot Rs.1418), reflecting mild bullish positioning among derivative traders. Additionally, implied volatility remains elevated with an IV percentile above 97, which typically signals the possibility of a sharp move.
The option chain reveals heavy activity around the Rs.1400 strike, indicating strong support created by put writers. On the upside, significant call writing is visible around Rs.1450–1500, forming a resistance zone. If the stock manages to move above Rs.1440–1450, it could trigger short covering in calls, leading to a quick spike in option premiums.
Best Options Jackpot Candidate
Among the available contracts, the Reliance 1500 Call Option (April expiry) stands out as the most attractive jackpot candidate. This strike is positioned slightly out-of-the-money and carries a relatively small premium, making it ideal for a high-risk, high-reward trade if a breakout occurs.
| Parameter | Trade Setup |
|---|---|
| Option | Reliance April 1500 CE |
| Premium Zone | Rs.18 – Rs.20 |
| Target | Rs.55 / Rs.90 |
| Stop Loss | Rs.9 |
Why This Option?
• Cheap premium with strong upside leverage
• Positioned above key resistance where short covering may occur
• High IV environment supports premium expansion
• Stock holding above strong support near Rs.1400
Key Levels for Reliance
| Level | Significance |
|---|---|
| Rs.1450 | Immediate breakout level |
| Rs.1467 | Next resistance (R2 pivot) |
| Rs.1407 | Pivot support |
| Rs.1386 | Strong downside support |
Strategy
Traders can consider accumulating the 1500 CE on dips, anticipating a potential breakout above Rs.1450. If the stock gains momentum, the option premium could expand rapidly, delivering significant short-term returns.
| Consolidated Figures in Rs. Crores / View Standalone | |||||||||||||
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Jun-22 | Sep-22 | Dec-22 | Mar-23 | Jun-23 | Sep-23 | Dec-23 | Mar-24 | Jun-24 | Sep-24 | Dec-24 | Mar-25 | Jun-25 |
| Sales + | 218,855 | 229,409 | 216,737 | 212,834 | 207,559 | 231,886 | 225,086 | 236,533 | 231,784 | 231,535 | 239,986 | 261,388 | 243,632 |
| Expenses + | 181,157 | 198,438 | 181,728 | 174,478 | 169,466 | 190,918 | 184,430 | 194,017 | 193,019 | 192,477 | 196,197 | 217,556 | 200,727 |
| Operating Profit | 37,698 | 30,971 | 35,009 | 38,356 | 38,093 | 40,968 | 40,656 | 42,516 | 38,765 | 39,058 | 43,789 | 43,832 | 42,905 |
| OPM % | 17% | 14% | 16% | 18% | 18% | 18% | 18% | 18% | 17% | 17% | 18% | 17% | 18% |
| Other Income + | 2,275 | 3,656 | 3,377 | 2,996 | 3,813 | 3,841 | 3,869 | 4,534 | 3,983 | 4,876 | 4,214 | 4,905 | 15,119 |
| Interest | 3,997 | 4,554 | 5,201 | 5,819 | 5,837 | 5,731 | 5,789 | 5,761 | 5,918 | 6,017 | 6,179 | 6,155 | 7,036 |
| Depreciation | 8,942 | 9,726 | 10,183 | 11,452 | 11,775 | 12,585 | 12,903 | 13,569 | 13,596 | 12,880 | 13,181 | 13,479 | 13,842 |
| Profit before tax | 27,034 | 20,347 | 23,002 | 24,081 | 24,294 | 26,493 | 25,833 | 27,720 | 23,234 | 25,037 | 28,643 | 29,103 | 37,146 |
| Tax % | 28% | 24% | 23% | 11% | 25% | 25% | 25% | 24% | 25% | 24% | 24% | 23% | 17% |
| Net Profit + | 19,443 | 15,512 | 17,806 | 21,327 | 18,258 | 19,878 | 19,641 | 21,243 | 17,445 | 19,323 | 21,930 | 22,611 | 30,783 |
| EPS in Rs | 13.27 | 10.09 | 11.67 | 14.26 | 11.83 | 12.85 | 12.76 | 14.01 | 11.19 | 12.24 | 13.7 | 14.34 | 19.95 |
Quicklinks
The share price of Reliance Industries changes throughout market hours. Investors can track live prices on NSE and BSE or refer to updated data on Chanakyanipothi.com.
Reliance shares generally trade within a wide range. The 52-week high and low levels provide insight into the stock’s volatility and long-term trend.
Reliance is considered one of India’s strongest companies with presence in telecom, retail, energy, and green businesses. Many investors hold it for the long term, but one should always review valuations and financials before investing.
Reliance’s share price is affected by crude oil trends, telecom performance (Jio), retail growth, quarterly earnings, new project announcements, and overall market sentiment.