MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(27057.7) is currently in SIDEWAYS trend . Yesterday the trend was BULL WITH LV In Jul series BANKNIFTY future added 4.25 lakh position in Open Interest and this accounts to -37.8 % of Total Open Interest in Jul series.The BANKNIFTY Jul series is trading at 26.4 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.38 lakh position in open interest and this accounts to 1.68 % of Total Open Interest in all series and cumulatively trading in average premium of 59.02 Rs to Underlying.