Updated: 22 June 2026 | 7.00 AM IST
Today’s Reliance Outlook
Bullish Above: 1,330
Bearish Below: 1,305
Expected Range: 1,285 – 1,350
Best Trade Today: Buy 1330 CE above 1,330
Reliance Levels Today: Support, Resistance, Option Chain & Trade Setup
Reliance closed at Rs. 1,309.50 and continues to trade below all major moving averages from the 20 DMA to the 200 DMA, indicating that the broader trend remains weak despite recent stabilization attempts.
The stock remains under pressure with short-term, medium-term and long-term trends all bearish. However, MACD has turned positive against its signal line, suggesting that downside momentum is slowing and a short-covering bounce cannot be ruled out.
RSI at 46.15 remains neutral, while StochRSI is deeply oversold, indicating that traders should watch closely for a breakout above immediate resistance levels.
As long as Reliance remains below Rs. 1,330, rallies are likely to face selling pressure. A move above Rs. 1,330 could trigger recovery towards Rs. 1,350–1,385, while a breakdown below Rs. 1,305 may open the door for a decline towards Rs. 1,285–1,250.
Today’s bias remains cautiously bearish.
Key Reliance Levels Today
| Level | Price |
|---|---|
| Support 1 | 1,297 |
| Support 2 | 1,285 |
| Pivot | 1,318 |
| Resistance 1 | 1,330 |
| Resistance 2 | 1,351 |
Chanakya View
👉 Below Rs. 1,305: Buy 1300 PE for targets of Rs. 1,285–1,250.
👉 Below Rs. 1,285: Fresh selling may trigger a move toward Rs. 1,250–1,220.
👉 Above Rs. 1,330: Recovery rally may emerge towards Rs. 1,350–1,385.
👉 Between Rs. 1,305–1,330: 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. 15 – 18 | Rs. 28 / 40 | Rs. 10 |
| Reliance 1330 CE | Buy Above Breakout | Rs. 16 – 19 | Rs. 28 / 40 | Rs. 11 |
| Reliance 1320 CE | Buy on Reversal | Rs. 20 – 24 | Rs. 35 / 50 | Rs. 14 |
Why This Trade?
• Reliance closed at Rs. 1,309.50 and remains below all major moving averages from 20 DMA to 200 DMA.
• Short-term, medium-term and long-term trends remain bearish.
• MACD has crossed above the signal line, indicating improving momentum despite the weak trend structure.
• RSI at 46.15 remains neutral and leaves room for movement in either direction.
• DMI Minus remains slightly above DMI Plus, indicating bears still maintain a marginal advantage.
• Option chain shows significant Put support near Rs. 1,300 while aggressive Call writing is visible around Rs. 1,330–1,350.
• StochRSI at 6.64 indicates oversold conditions and the possibility of sharp short-covering rallies.
• Unless Reliance reclaims Rs. 1,330, rallies are likely to face selling pressure.
Support and Resistance
| Type | Levels |
| Immediate Support | 1,305 – 1,297 |
| Strong Support | 1,285 – 1,252 |
| Immediate Resistance | 1,330 – 1,351 |
| Strong Resistance | 1,383 – 1,416 |
Key Levels
| Level Type | Price |
| Pivot Point | 1,318 |
| Downside Trigger | 1,305 |
| Upside Trigger | 1,330 |
| Major Resistance | 1,350 |
| Strong Support | 1,297 |
▶ PCR Analysis Today
| Strike | PCR Interpretation |
| 1290 | Strong Put support visible (PCR 0.99) |
| 1300 | Strong support base (PCR 0.85) |
| 1310 | Healthy support zone (PCR 0.99) |
| 1320 | Call writers gaining control (PCR 0.49) |
| 1330 | Strong resistance zone (PCR 0.39) |
| 1340 | Aggressive Call writing visible (PCR 0.31) |
| 1350 | Major Call wall (PCR 0.20) |
Bias: Bearish below Rs. 1,305, recovery only above Rs. 1,330.
▶ Max Pain & Execution Plan
Max Pain Today
| Metric | Level |
| Max Pain Zone | Rs. 1,320 |
Execution Plan
| Condition | Action |
| Below Rs. 1,305 | Buy 1300 PE |
| Below Rs. 1,285 | Add PE Positions |
| Above Rs. 1,330 | Buy 1330 CE |
| Rs. 1,305 – 1,330 | No Trade Zone |
▶ Technical View Today
| Indicator | Signal |
| Momentum | Bearish |
| RSI | 46.15 |
| ADX | 19.70 (Weak Trend) |
| MACD | Positive Crossover |
| DMI | Bears Slightly Ahead |
| ATR | 26.79 |
| Bollinger Bands | Near Mid Band |
| StochRSI | Oversold |
▶ Pro-Level Upgrade (What Big Players Do)
• Avoid aggressive buying while Reliance remains below Rs. 1,330.
• Use pullbacks towards Rs. 1,330–1,350 for profit booking in long positions.
• Fresh bullish positions should only be considered after a decisive close above Rs. 1,330.
• Bears retain control near the Rs. 1,330–1,350 Call writing zone.
• Maintain strict stop losses as volatility remains elevated.
• Book partial profits near Rs. 1,285 and Rs. 1,252 support clusters if bearish trades trigger.