MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(24339.3) is currently in SIDEWAYS trend . Yesterday the trend was BEAR WITH LV In Apr series BANKNIFTY future added 3.96 lakh position in Open Interest and this accounts to 26.8 % of Total Open Interest in Apr series.The BANKNIFTY Apr series is trading at 75.95 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net shed 0.83 lakh position in open interest and this accounts to -3.87 % of Total Open Interest in all series and cumulatively trading in average premium of 61.32 Rs to Underlying.