MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(27338.2) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BEAR LOW VOLATALITY In Sep series BANKNIFTY future added 1.72 lakh position in Open Interest and this accounts to 10.46 % of Total Open Interest in Sep series.The BANKNIFTY Sep series is trading at 136.45 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 1.75 lakh position in open interest and this accounts to 10.25 % of Total Open Interest in all series and cumulatively trading in average premium of 218.47 Rs to Underlying.