MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(24400.2) is currently in SIDEWAYS trend . Yesterday the trend was BULL WITH LV In Mar series BANKNIFTY future added 6.06 lakh position in Open Interest and this accounts to -59.27 % of Total Open Interest in Mar series.The BANKNIFTY Mar series is trading at 33.95 Rs discount to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.91 lakh position in open interest and this accounts to 4.07 % of Total Open Interest in all series and cumulatively trading in average premium of 47.23 Rs to Underlying. The open interest is also not increasing with trend so be careful