MTECHTIPS:- Bank Nifty August Future

MTECHTIPS:- Bank Nifty August Future: BANKNIFTY(24328.9) is currently in BEAR trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Aug series BANKNIFTY future added 3.01 lakh position in Open Interest and this accounts to -16.5 % of Total Open Interest in Aug series.The BANKNIFTY Aug series is trading at 12.1 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net shed 1.31 lakh position in open interest and this accounts to -5.96 % of Total Open Interest in all series and cumulatively trading in average premium of 75.68 Rs to Underlying. The open interest is also increasing with trend option activity is less At current price strike the activity is tilted to call side and writing of call is increasing.
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