MTECHTIPS:- Bank Nifty Future

Spread the love

MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(24313.25) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BEAR LOW VOLATALITY In Mar series BANKNIFTY future added 0.1 lakh position in Open Interest and this accounts to -0.56 % of Total Open Interest in Mar series.The BANKNIFTY Mar series is trading at 16.8 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.53 lakh position in open interest and this accounts to 2.61 % of Total Open Interest in all series and cumulatively trading in average premium of 71.67 Rs to Underlying. The open interest is also not increasing with trend so be careful