MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(24866.35) is currently in SIDEWAYS trend . Yesterday the trend was CONFUSION TREND In Mar series BANKNIFTY future added 0.02 lakh position in Open Interest and this accounts to 0.14 % of Total Open Interest in Mar series.The BANKNIFTY Mar series is trading at 47.65 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.06 lakh position in open interest and this accounts to 0.31 % of Total Open Interest in all series and cumulatively trading in average premium of 111.58 Rs to Underlying. The open interest is also not increasing with trend so be careful