MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(24933.25) is currently in BULL trend . Yesterday the trend was VERY STRONG BULL In Mar series BANKNIFTY future added 1.06 lakh position in Open Interest and this accounts to 5.74 % of Total Open Interest in Mar series.The BANKNIFTY Mar series is trading at 81.6 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 1.71 lakh position in open interest and this accounts to 7.68 % of Total Open Interest in all series and cumulatively trading in average premium of 130.4 Rs to Underlying. The open interest is also not increasing with trend so be careful