MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(25445.2) is currently in BULL trend . Yesterday the trend was VERY STRONG BULL In May series BANKNIFTY future added 3.98 lakh position in Open Interest and this accounts to 16.08 % of Total Open Interest in May series.The BANKNIFTY May series is trading at 50.6 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 4.07 lakh position in open interest and this accounts to 16.2 % of Total Open Interest in all series and cumulatively trading in average premium of 66.57 Rs to Underlying. The open interest is also not increasing with trend so be careful