MTECHTIPS:- Bank Nifty Future

MTECHTIPS:- Bank Nifty Future

MTECHTIPS-BANKNIFTY(31314.25) is currently in BEAR trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Dec series BANKNIFTY future added 1.01 lakh position in Open Interest and this accounts to -7.59 % of Total Open Interest in Dec series.The BANKNIFTY Dec series is trading at 57.5 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net shed 0.94 lakh position in open interest and this accounts to -6.76 % of Total Open Interest in all series and cumulatively trading in average premium of 149.15 Rs to Underlying. The open interest is also not increasing with trend so be careful
option activity is less

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