MTECHTIPS:- Nifty August Future & Bank Nifty August Future

MTECHTIPS:- Nifty August Future: the trend was BULL WITH LV In Sep series Nifty future added 8.61 lakh position in Open Interest and this accounts to 4.52 % of Total Open Interest in Sep series.The Nifty Sep series is trading at 19.15 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 8.55 lakh position in open interest and this accounts to 4.35 % of Total Open Interest in all series and cumulatively trading in average premium of 50.25 Rs to Underlying. The open interest is not increasing with trend so be careful
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side and ratio is still strong but addition of call is slightly increasing at 9900 level The Nifty call option is trading at discount so sentiment at higher level seems cautious

MTECHTIPS:- Bank Nifty August Future: the trend was BULL WITH LV In Sep series BANKNIFTY future added 0.89 lakh position in Open Interest and this accounts to -4.97 % of Total Open Interest in Sep series.The BANKNIFTY Sep series is trading at 27.6 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net shed 0.84 lakh position in open interest and this accounts to -4.58 % of Total Open Interest in all series and cumulatively trading in average premium of 87.38 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious

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