MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- -BANKNIFTY(25021.75) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In May series BANKNIFTY future added 8.95 lakh position in Open Interest and this accounts to 43.07 % of Total Open Interest in May series.The BANKNIFTY May series is trading at 10.85 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 1.16 lakh position in open interest and this accounts to 4.53 % of Total Open Interest in all series and cumulatively trading in average premium of 12.13 Rs to Underlying. The open interest is also not increasing with trend so be careful

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