Reliance Industries Futures // 1 day Support and Resistance

​As of April 30, 2025, the Reliance Industries Futures (NSE: RELIANCE) closed at ₹1,235.80, up 0.16% from the previous close of ₹1,233.80. The futures market indicates a slight bullish sentiment, with open interest increasing by 4.82%, suggesting that traders are holding onto long positions.​

📈 Daily Support and Resistance Levels
Based on recent analyses, here are the key support and resistance levels for Reliance Industries Futures on a daily timeframe:​

Resistance Levels:
R1: ₹1,246.44
R2: ₹1,253.43
R3: ₹1,267.37​

Support Levels:
S1: ₹1,191.37
S2: ₹1,177.43
S3: ₹1,153.37​

These levels are derived from classic pivot point calculations and can act as potential entry, target, and stop-loss levels for intraday traders.

📊 Technical Indicators
Futures Price: ₹1,243.90

Pivot Point: ₹1,246.98

Support Levels:
S1: ₹1,233.12
S2: ₹1,222.33
S3: ₹1,208.47

Resistance Levels:
R1: ₹1,257.77
R2: ₹1,271.63
R3: ₹1,282.42​

These levels are calculated based on the futures price and can provide insights into potential price movements. ​

🧭 Trading Strategy
Bullish Scenario: If Reliance Industries Futures breaks above ₹1,246.44, it could signal a continuation of the upward trend, with potential targets at ₹1,253.43 and ₹1,267.37.​

Bearish Scenario: A decline below ₹1,191.37 may indicate a bearish trend, with support levels at ₹1,177.43 and ₹1,153.37.​

Traders should monitor these levels closely and adjust their strategies accordingly.​

Please note that these levels are subject to change based on market dynamics and should be used in conjunction with other technical analysis tools for informed decision-making.