MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- – BANKNIFTY(24947.2) is currently in SIDEWAYS trend . Yesterday the trend was WEAK BULL In Apr series BANKNIFTY future added 0.02 lakh position in Open Interest and this accounts to 0.13 % of Total Open Interest in Apr series.The BANKNIFTY Apr series is trading at 13.45 Rs discount to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.98 lakh position in open interest and this accounts to 4.59 % of Total Open Interest in all series and cumulatively trading in average premium of 33.67 Rs to Underlying.