MTECHTIPS:- Bank Nifty Future

MTECHTIPS:- Bank Nifty Future:-  BANKNIFTY(26426.75) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Nov series BANKNIFTY future added 0.49 lakh position in Open Interest and this accounts to -3.73 % of Total Open Interest in Nov series.The BANKNIFTY Nov series is trading at 16.35 Rs discount to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.79 lakh position in open interest and this accounts to 4.3 % of Total Open Interest in all series and cumulatively trading in average premium of 72.47 Rs to Underlying. The open interest is also not increasing with trend so be careful

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