MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(27436.65) is currently in SIDEWAYS trend . Yesterday the trend was VERY STRONG BULL In Aug series BANKNIFTY future added 11.42 lakh position in Open Interest and this accounts to 49.87 % of Total Open Interest in Aug series.The BANKNIFTY Aug series is trading at 30.25 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 7.02 lakh position in open interest and this accounts to 23.47 % of Total Open Interest in all series and cumulatively trading in average premium of 23.12 Rs to Underlying