Reliance Option Chain

Reliance Industries is currently in a short-term and medium-term bearish phase, trading below key moving averages. Momentum indicators like negative MACD, weak RSI at 47, and DMI- dominance indicate downside pressure with limited upside recovery.

Option chain data clearly reflects heavy call writing at higher strikes and weak put support, suggesting a sell-on-rise strategy with bearish bias.

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Reliance Support and Resistance from Option Chain

👉 Heavy Call OI buildup at 1400 & 1420 strikes (major resistance zones)
👉 Put support seen near 1390 but not aggressive

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Reliance PCR Analysis Today

• PCR remains below 1 across key strikes

• No strong put writing support visible

👉 Interpretation:

• Market lacks strong bullish conviction

• Downside risk remains active

👉 Bias: Bearish

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Reliance Max Pain Today

• Max Pain Zone: 1390 – 1400

👉 Price likely to hover below resistance unless breakout occurs

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Reliance Option Chain Analysis (Strike-wise)

• 1400 CE → Massive OI + fresh buildup → strongest resistance

• 1420 CE → Heavy writing → upside capped

• 1390 PE → Mild support, not strong

• 1380 PE → Secondary support

👉 Conclusion:

• Upside capped near 1400–1420

• Downside open toward 1380–1360

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Reliance Intraday Strategy (Option Chain Based)

👉 Strategy Type: Sell on Rise
👉 Market Structure: Bearish with weak support

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Today’s Options Trade Setup

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Strategy Logic

• 1400 CE Sell
  → Strong resistance + highest call writing
  → Low breakout probability

• 1380 PE Buy
  → Weak support breakdown possibility
  → Momentum can accelerate on downside

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Final Trading View

Reliance Industries is showing a bearish setup with strong resistance near Rs. 1400–1420, as confirmed by option chain positioning.

👉 Key takeaway:

• Sell near resistance

• Buy puts on breakdown

• Avoid aggressive longs

👉 Expected Day Structure: Bearish to range-bound with downside bias.