MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(24504.15) is currently in BEAR trend . Yesterday the trend was STRONG BEAR In Mar series BANKNIFTY future added 1.38 lakh position in Open Interest and this accounts to 7.48 % of Total Open Interest in Mar series.The BANKNIFTY Mar series is trading at 55.7 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 1.39 lakh position in open interest and this accounts to 7.07 % of Total Open Interest in all series and cumulatively trading in average premium of 123.37 Rs to Underlying. The open interest is also not increasing with trend so be careful