MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(24148.6) is currently in SIDEWAYS trend . Yesterday the trend was VERY STRONG BEAR In Apr series BANKNIFTY future added 2.51 lakh position in Open Interest and this accounts to 13.44 % of Total Open Interest in Apr series.The BANKNIFTY Apr series is trading at 19.1 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 2.52 lakh position in open interest and this accounts to 13.11 % of Total Open Interest in all series and cumulatively trading in average premium of 60.15 Rs to Underlying.