Reliance Industries Sees 2,915 Call Contracts at Rs 1,400 Strike Amid 0.83% Stock Rise

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, with an underlying value of Rs 1377.5, has seen a notable increase in call options, particularly with 2,915 contracts traded for a strike price of Rs 1400, resulting in a turnover of Rs 274.01 lakhs. Open interest stands at 9,474 contracts, indicating robust market engagement.
Today's performance metrics reveal that Reliance Industries has gained 0.83%, aligning closely with the sector's 1.00% increase, while the broader Sensex has risen by 0.23%. This uptick follows two consecutive days of decline, suggesting a potential trend reversal. The stock has traded within a narrow range of Rs 12.5, and its delivery volume has surged to 81 lakhs, marking a 36.11% increase compared to the five-day average.

In terms of liquidity, Reliance Industries demonstrates sufficient trading capacity, with a trade size of Rs 33.07 crore based on 2% of the five-day average traded value. The stock's moving averages indicate it is currently above the 200-day moving average but below the shorter-term averages, reflecting mixed momentum. Overall, Reliance Industries continues to be a focal point in the market, showcasing active trading dynamics and a responsive investor base.