MTECHTIPS:- Bank Nifty Future
MTECHTIPS:- Bank Nifty Future- BANKNIFTY(27193.05) is currently in SIDEWAYS trend . Yesterday the trend was BEAR WITH LV In Sep series BANKNIFTY future added 0.45 lakh position in Open Interest and this accounts to -3.03 % of Total Open Interest in Sep series.The BANKNIFTY Sep series is trading at 20.4 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net shed 0.18 lakh position in open interest and this accounts to -1.09 % of Total Open Interest in all series and cumulatively trading in average premium of 117.72 Rs to Underlying. The open interest is also not increasing with trend so be careful
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