Updated on 13 May 2026 @ 7.00 AM
Reliance Option Chain Strategy Today (26 May Expiry)
Today’s Options Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| Reliance | 1380 PE Buy | Rs. 28 – 30 | Rs. 42 / 52 | Rs. 22 |
| Reliance | 1370 PE Buy | Rs. 23 – 25 | Rs. 36 / 46 | Rs. 18 |
Execution Plan
| Condition | Action |
|---|---|
| Below 1360 | Buy 1380 PE |
| Above 1385 | Avoid Fresh PE Entry |
| 1360 – 1385 | High Volatility No Trade Zone |
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👉 SBI Option Chain Strategy?
Why This Strategy?
| Factor | Observation |
|---|---|
| Closing Price | 1364.00 |
| Trend | Short-term bullish, medium-term bearish, long-term bearish |
| RSI | 44.40, weak-neutral structure |
| MACD | Flat histogram indicates weak momentum |
| Option Data | Heavy Call writing visible near 1390–1400 |
| Technical Setup | Stock trading below major moving averages |
Support and Resistance (Option Chain Based)
| Type | Levels |
|---|---|
| Immediate Support | 1360 – 1350 |
| Strong Support | 1340 – 1339 |
| Immediate Resistance | 1380 – 1390 |
| Strong Resistance | 1400 – 1405 |
Key Levels
| Level Type | Price |
|---|---|
| Pivot Strike | 1380 |
| Downside Trigger | 1360 |
| Upside Trigger | 1385 |
PCR Analysis Today
| Strike | PCR | Interpretation |
|—|—|
| 1340 | 2.46 | Strong Put support |
| 1350 | 2.04 | Put writers active |
| 1360 | 1.67 | Defensive Put buildup |
| 1390 | 1.05 | Resistance zone forming |
| 1400 | 0.49 | Heavy Call writing zone |
👉 Bias: Bearish below 1360, recovery possible only above 1385
Max Pain Today
| Metric | Level |
|---|---|
| Max Pain Zone | 1380 – 1390 |
Intraday Strategy (Option Chain Based)
| Scenario | Expectation | Trade Strategy |
|—|—|
| Above 1385 | Recovery toward 1400 / 1405 | Avoid aggressive PE |
| Below 1360 | Sharp downside toward 1350 / 1340 | PE Buy |
| 1360 – 1385 | Volatile sideways market | Avoid Overtrading |
Technical View Today
| Indicator | Signal |
|---|---|
| Momentum | Weak bearish bias |
| Bollinger Band | Trading near lower-mid band |
| ADX | 19.33, weak trend strength |
| MACD | Flat histogram signals caution |
| Moving Averages | Below 20DMA, 50DMA, 89DMA & 200DMA |
| RSI | 44.40, weak-neutral zone |
| Stochastics | Weak near-term structure |
| ATR | High volatility expected |
Trading Meaning
| Factor | Analysis |
|---|---|
| Technical Structure | Reliance remains below key moving averages |
| Resistance Zone | Aggressive Call writing visible at 1390–1400 |
| Support Zone | Put writers attempting to defend 1360 |
| Bullish Trigger | Sustained move above 1385 may trigger recovery |
| Bearish Trigger | Breakdown below 1360 can intensify downside |
| Trading Strategy | Focus only on breakout confirmation |
Pro-Level Upgrade (What Big Players Do)
| Pro Setup | Institutional Behaviour |
|---|---|
| Near 1400 | Call writers likely to defend aggressively |
| Below 1360 | FIIs may add fresh short positions |
| Gap-Down Opening | Smart money waits for pullback entry |
| Inside 1360–1385 | Premium decay may hurt option buyers |
| Volatility Strategy | Fast scalping preferred over positional holding |
Smart Trader Insight
| Situation | Professional Approach |
|---|---|
| Gap-Down Opening | Wait first 15–20 minutes before PE entry |
| Sharp Recovery | Avoid panic PE buying near supports |
| Expiry Volatility | Use strict stop losses |
| Time Decay Zone | Avoid buying options in sideways market |
Final Reliance Outlook Today
Reliance enters today’s session with a weak undertone as technical indicators remain mixed and option chain data reflects aggressive Call writing near 1390–1400 levels. The stock continues to trade below major moving averages while momentum indicators remain subdued.
Put writers are attempting to defend the 1360 zone, but a decisive breakdown below 1360 may accelerate downside momentum toward 1350 and 1340 levels.
👉 Above 1385: Recovery may extend toward 1400–1405
👉 Below 1360: Selling pressure may drag Reliance toward 1350–1340
👉 Between 1360–1385: Expect premium decay and volatile sideways movement
Traders should remain disciplined and avoid emotional trading amid elevated volatility and mixed momentum structure.
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👉 Bank Nifty Option Chain Strategy?