MTECHTIPS:- NIFTY FUTURE

MTECHTIPS:- NIFTY FUTURE- NIFTY FUTURE-CMP(10855.45) is currently in SIDEWAYS trend . Yesterday the trend was BEAR WITH LV In Sep series Nifty future shed 5.9 lakh position in Open Interest and this accounts to -3.42 % of Total Open Interest in Sep series.The Nifty Sep series is trading at 14.8 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 1.33 lakh position in open interest and this accounts to -0.65 % of Total Open Interest in all series and cumulatively trading in average premium of 56.48 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down move At current price strike the activity is tilted to put side but addition of call is slightly increasing at 10800 level The Nifty Put option is trading at premium so market is expecting bearishnes Yesterday Nifty Put option has added 598.42 lakh position and Nifty call option has added 585.4 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 0.27 crore in value and Nifty call option has added Rs 10.99 crore in value on cumulative basis

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