MTECHTIPS:- Bank Nifty Future

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MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(26950.6) is currently in SIDEWAYS trend . Yesterday the trend was VERY STRONG BEAR In Sep series BANKNIFTY future added 1.49 lakh position in Open Interest and this accounts to 8.27 % of Total Open Interest in Sep series.The BANKNIFTY Sep series is trading at 143.1 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 1.63 lakh position in open interest and this accounts to 8.7 % of Total Open Interest in all series and cumulatively trading in average premium of 226.23 Rs to Underlying.