MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(24224.5) is currently in SIDEWAYS trend . Yesterday the trend was CONFUSION TREND In Mar series BANKNIFTY future added 1.11 lakh position in Open Interest and this accounts to -5.72 % of Total Open Interest in Mar series.The BANKNIFTY Mar series is trading at 56.3 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net shed 1.03 lakh position in open interest and this accounts to -4.41 % of Total Open Interest in all series and cumulatively trading in average premium of 128.15 Rs to Underlying.

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