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Reliance Levels Today

Reliance Levels Today
Updated: 24 June 2026 | 9.00 AM IST

Today’s Reliance Outlook

Bullish Above: Rs. 1325
Bearish Below: Rs. 1300
Expected Range: Rs. 1300 – 1335
Best Trade Today: Buy 1300 PE below Rs. 1300

Reliance Levels Today: Support, Resistance, Option Chain & Trade Setup

Reliance closed at Rs. 1313.60 and continues to trade below its major medium-term and long-term moving averages, indicating that bears still hold the broader trend advantage. However, the stock is attempting to stabilize above the 20 DMA and above the important psychological support zone near Rs. 1300.

As long as Reliance remains below Rs. 1325–1330, rallies are likely to face resistance from option writers. A move above Rs. 1325 could trigger short covering towards Rs. 1340–1360, while a breakdown below Rs. 1300 may open the door for a decline towards Rs. 1286–1262.

Today’s bias remains cautiously bearish with a recovery attempt underway.

Key Reliance Levels Today

Level Price
Support 1 Rs. 1300
Support 2 Rs. 1286
Pivot Rs. 1311
Resistance 1 Rs. 1325
Resistance 2 Rs. 1335

Chanakya View

👉 Below Rs. 1300: Buy 1300 PE for targets of Rs. 1286–1262.

👉 Below Rs. 1286: Fresh selling may trigger a move toward Rs. 1262–1238.

👉 Above Rs. 1325: Recovery rally may emerge towards Rs. 1340–1360.

👉 Between Rs. 1300–1325: Expect consolidation and premium erosion.

Reliance Option Chain Strategy Today – 30 June Expiry

Today’s Options Trade Setup

Instrument Trade Buy Zone Target Stop Loss
Reliance 1300 PE Buy Below Support Rs. 6 – 8 Rs. 12 / 18 Rs. 4
Reliance 1320 CE Buy on Breakout Rs. 10 – 12 Rs. 18 / 25 Rs. 7
Reliance 1330 CE Buy Above 1325 Rs. 7 – 9 Rs. 15 / 22 Rs. 5

Why This Trade?

• Reliance remains below 34 DMA, 50 DMA, 89 DMA and 200 DMA.

• Short-term, medium-term and long-term trends remain bearish.

• RSI at 47.67 suggests neutral momentum with no overbought risk.

• MACD remains negative but histogram is improving, indicating selling pressure is easing.

• Strong Put support is visible near 1300.

• Heavy Call writing remains visible around 1320–1340.

• Stochastic indicators suggest a possible short-covering rally if Rs. 1325 is crossed.

• Unless Reliance reclaims Rs. 1325–1330, rallies may continue to face resistance.

Support and Resistance

TypeLevels
Immediate SupportRs. 1300 – 1286
Strong SupportRs. 1262 – 1238
Immediate ResistanceRs. 1325 – 1335
Strong ResistanceRs. 1360 – 1385

Key Levels

Level TypePrice
Pivot PointRs. 1311
Downside TriggerRs. 1300
Upside TriggerRs. 1325
Major ResistanceRs. 1330
Strong SupportRs. 1286

▶ PCR Analysis Today

StrikePCR Interpretation
1280Strong Put support visible (PCR 1.18)
1290Neutral support zone (PCR 0.99)
1300Strong support base (PCR 1.17)
1310Weak resistance zone
1320Heavy Call writers active
1330Strong resistance zone
1340Maximum Call concentration

Bias: Bearish below Rs. 1300, recovery only above Rs. 1325.

▶ Max Pain & Execution Plan

Max Pain Today

MetricLevel
Max Pain ZoneRs. 1310 – 1320

Execution Plan

ConditionAction
Below Rs. 1300Buy 1300 PE
Below Rs. 1286Add PE positions
Above Rs. 1325Buy 1320 CE
Rs. 1300 – 1325No Trade Zone

▶ Technical View Today

IndicatorSignal
MomentumBearish
RSI47.67
ADX16.83 (Weak Trend)
MACDNegative but Improving
DMIBears Slightly Ahead
ATR27.30
Bollinger BandsTrading near mid-band
StochRSIRecovery Attempt

▶ Pro-Level Upgrade (What Big Players Do)

• Avoid aggressive buying while Reliance remains below Rs. 1325.

• Use rallies toward Rs. 1330–1340 for profit booking.

• Fresh bullish positions should only be considered after a sustained move above Rs. 1325.

• Maintain strict stop losses below Rs. 1300.

• Watch option chain activity around Rs. 1320–1330, where maximum Call writing is visible.

• A close above Rs. 1330 can trigger short-covering towards Rs. 1360 and beyond.

Final Reliance View

Reliance is attempting to build a base near Rs. 1300 after a prolonged correction. The improving MACD histogram and support at Rs. 1300 indicate that downside may be limited in the near term. However, the stock remains below major moving averages and heavy Call writing between Rs. 1320–1340 continues to cap upside.

Trading bias remains cautious. Above Rs. 1325, traders can expect a recovery toward Rs. 1340–1360. Below Rs. 1300, bears may regain control and push the stock toward Rs. 1286–1262.s downside option strategies and capital preservation.