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Reliance Industries Limited

NSE: RELIANCE · Lot size: 500

OverviewOption ChainOI AnalysisFII / DIIMax Pain

Reliance Industries Limited Open Interest & PCR Analysis

₹1,353.1Updated 21 Apr 2026, 01:26 pm IST
PCR
0.49
Bearish signal
Max Pain
₹1,330
Spot above by ₹23
Total CE OI
70.71M
Call writers
Total PE OI
34.59M
Put writers
OI Buildup Signal
Neutral
Price movement < 0.3% threshold
Put-Call Ratio Gauge
0 — Bearish1.0 — Neutral2.0+ — Bullish
AI AnalysisGenerated daily after market close · AI-powered

RELIANCE — OI Analysis | 2026-04-18

OI Buildup Read

Total OI registered zero change on the session with price also unchanged at ₹1365, producing a strictly neutral buildup with no directional conviction from either bulls or bears. The absence of fresh position accumulation or unwinding indicates that participants are in a wait-and-watch mode, likely deferring directional bets ahead of a catalyst. Signal strength is weak, and the options chain offers no actionable trending bias at this stage.

Put-Call Ratio Signal

PCR at 0.489 sits firmly in bearish contrarian territory, well below the 0.7 threshold, reflecting a heavily skewed call-side OI of 7.07 crore against a comparatively thin put base of 3.46 crore. The PCR is unchanged from yesterday's 0.489, confirming that this skew is structural and entrenched rather than a fresh development, suggesting persistent hedging or directional call writing at elevated strikes.

Futures Confirmation

Futures OI stands at zero with no change, providing no incremental confirmation or contradiction to the options buildup read. The absence of futures participation weakens any conviction trade setup, as smart money positioning via the futures segment remains completely absent.

Bias for Tomorrow

Bias is cautiously bearish given the deeply suppressed PCR and call-heavy OI structure, with any move above ₹1390 invalidating the thesis by triggering potential short-covering in call writers.

Data as of 2026-04-18

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Frequently Asked Questions

What is Reliance Industries Limited PCR (Put-Call Ratio) today?▾
Reliance Industries Limited's current PCR is 0.49. A PCR above 1.2 is considered bullish (more put writing = floor support); below 0.8 is bearish; 0.8–1.2 is neutral. Reliance Industries Limited's PCR of 0.49 indicates bearish sentiment.
What is Reliance Industries Limited OI buildup type today?▾
Reliance Industries Limited is currently showing neutral positioning with no significant directional bias. This is determined by comparing today's price change direction with the direction of total OI change — using the standard F&O buildup classification framework.
What is total CE and PE open interest for Reliance Industries Limited?▾
Reliance Industries Limited has total CE (call) OI of 70710500 contracts and total PE (put) OI of 34594500 contracts for the nearest expiry. The PCR is 0.49.
How is open interest analysis useful for Reliance Industries Limited trading?▾
OI analysis for Reliance Industries Limited helps identify institutional positioning. High CE OI at a strike = call writers defending that level (resistance). High PE OI = put writers defending that level (support). The buildup type tells you whether smart money is building fresh positions (bullish/bearish) or exiting existing ones.
What is the max pain for Reliance Industries Limited?▾
Reliance Industries Limited's max pain is ₹1,330 — the strike price where option writers (sellers) collectively suffer the least financial loss at expiry. The current spot price vs max pain deviation guides near-term directional bias into expiry.