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Reliance Targets Tomorrow

Reliance Levels Today
Updated: 29 June 2026 | 9.00 PM IST

Today’s Reliance Outlook

Bullish Above: Rs. 1312

Bearish Below: Rs. 1291

Expected Range: Rs. 1290 – 1325

Best Trade Today: Buy 1300 CE above Rs. 1312 | Buy 1300 PE below Rs. 1291

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

Reliance Industries closed at Rs. 1301.00, slipping 1.30% during the previous session and continuing to trade below all major moving averages from the 20 DMA to the 200 DMA, indicating that the broader trend remains weak. Although the MACD histogram has turned positive, suggesting selling pressure is easing, the stock still requires a decisive breakout above key resistance levels to confirm a reversal.

As long as Reliance remains below Rs. 1312, rallies are likely to witness profit booking. A sustained move above Rs. 1312 could trigger short covering towards Rs. 1324–1345, while a fall below Rs. 1291 may drag the stock towards Rs. 1281–1260.

Today’s bias remains cautiously bearish, and traders should closely monitor Rs. 1291 and Rs. 1312 for directional cues.

Key Reliance Levels Today

Level Price
Support 1 Rs. 1291
Support 2 Rs. 1281
Pivot Rs. 1302
Resistance 1 Rs. 1312
Resistance 2 Rs. 1324

Chanakya View

👉 Below Rs. 1291: Buy 1300 PE for targets of Rs. 1281–1260.

👉 Below Rs. 1281: Fresh selling may trigger a decline towards Rs. 1260–1239.

👉 Above Rs. 1312: Recovery rally may emerge towards Rs. 1324–1345.

👉 Between Rs. 1291–1312: Expect consolidation and option premium erosion.

Reliance Option Chain Strategy Today – 28 July Expiry

Today’s Options Trade Setup

Instrument Trade Buy Zone Target Stop Loss
Reliance 1300 PE Buy Below Support Rs. 30 – 34 Rs. 48 / 62 Rs. 22
Reliance 1300 CE Buy Above Breakout Rs. 40 – 44 Rs. 58 / 72 Rs. 30
Reliance 1310 CE Buy on Reversal Rs. 34 – 38 Rs. 50 / 64 Rs. 26

Why This Trade?

  • Reliance closed at Rs. 1301 and continues to trade below the 20 DMA, 34 DMA, 50 DMA, 89 DMA and 200 DMA, indicating that bears still have an edge.
  • Short-term trend is Bullish, while both medium- and long-term trends remain Bearish.
  • MACD remains above its signal line with a positive histogram, indicating that downside momentum is slowing.
  • RSI at 44.37 reflects weak momentum but leaves room for a recovery if resistance is crossed.
  • Option chain shows heavy Call writing at Rs. 1300, making it an immediate resistance zone.
  • Strong Put support is visible around Rs. 1280–1300, suggesting buyers are defending lower levels.
  • Stochastic indicators remain in the oversold region, increasing the probability of intermittent short-covering rallies.
  • Unless Reliance reclaims Rs. 1312, rallies are likely to face selling pressure.

Before you leave, also check:

  • ✅ Gift Nifty Opening
  • ✅ Nifty Levels Today
  • ✅ Bank Nifty Outlook
  • ✅ Reliance Option Chain
  • ✅ SBI Trade Setup
  • ✅ Gold Strategy
  • ✅ Crude Oil Outlook
  • ✅ Today’s Breakout Stocks
  • ✅ IPO GMP Live

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Support and Resistance

TypeLevels
Immediate SupportRs. 1291 – 1281
Strong SupportRs. 1260 – 1239
Immediate ResistanceRs. 1312 – 1324
Strong ResistanceRs. 1345 – 1366

Key Levels

Level TypePrice
Pivot PointRs. 1302
Downside TriggerRs. 1291
Upside TriggerRs. 1312
Major ResistanceRs. 1324
Strong SupportRs. 1281

PCR Analysis Today

StrikePCR Interpretation
1280Strong Put support (PCR 1.97)
1290Healthy support base (PCR 1.56)
1300Major OI battleground (PCR 1.02)
1310Call writers gaining control (PCR 0.83)
1320Strong resistance zone (PCR 0.74)
1330Call writing continues (PCR 0.71)
1340Heavy resistance build-up (PCR 0.61)

Bias: Bearish below Rs. 1291, while a sustained move above Rs. 1312 could trigger short covering.

Max Pain & Execution Plan

Max Pain Today

MetricLevel
Max Pain ZoneRs. 1300–1310

Execution Plan

ConditionAction
Below Rs. 1291Buy 1300 PE
Below Rs. 1281Hold PE positions
Above Rs. 1312Buy 1300 CE
Rs. 1291–1312No Trade Zone

Technical View Today

IndicatorSignal
MomentumBearish
RSI44.37
ADX16.06 (Weak Trend)
MACDPositive Histogram
DMIBears Ahead
ATR26.32
Bollinger BandsTrading Near Mid Band
StochRSIOversold Recovery Possible

Pro-Level Upgrade (What Big Players Do)

  • Avoid aggressive buying while Reliance remains below Rs. 1312.
  • Use pullbacks towards Rs. 1310–1324 for profit booking in long positions.
  • Fresh bullish positions should be considered only after a decisive close above Rs. 1312 with strong volumes.
  • Maintain strict stop losses as momentum remains weak despite improving MACD.
  • Bears are likely to remain active below Rs. 1291, while a move above Rs. 1312 could trigger short-covering towards Rs. 1345.