Reliance Industries Sees 15,517 Call Contracts at Rs 1,380 Strike Amid Turnaround

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock, trading under the ticker RELIANCE, has seen a notable uptick in call options, with 15,517 contracts traded for a strike price of Rs 1,380, resulting in a turnover of Rs 490.34 lakhs. The open interest stands at 4,329 contracts, indicating a robust interest in this option.
Today, Reliance Industries outperformed its sector by 0.45%, marking a trend reversal after five consecutive days of decline. The stock's underlying value is currently at Rs 1,377.00. In terms of moving averages, it is positioned higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day averages, suggesting mixed short-term momentum.

Investor participation has also risen, with a delivery volume of 58.63 lakhs on September 25, up by 1.93% compared to the five-day average. The stock's liquidity remains strong, accommodating trade sizes of Rs 31 crore based on 2% of the five-day average traded value. Overall, Reliance Industries continues to demonstrate active engagement in the market, reflecting its significant position within the large-cap segment.