MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(27947.9) is currently in SIDEWAYS trend . Yesterday the trend was BEAR WITH LV In Aug series BANKNIFTY future added 0.8 lakh position in Open Interest and this accounts to 2.88 % of Total Open Interest in Aug series.The BANKNIFTY Aug series is trading at 72 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.85 lakh position in open interest and this accounts to 2.94 % of Total Open Interest in all series and cumulatively trading in average premium of 216.67 Rs to Underlying.