MTECHTIPS:- Nifty August Future,Bank Nifty August Future

MTECHTIPS:- Nifty August Future: the trend was VERY STRONG BEAR In Sep series Nifty future shed 34.1 lakh position in Open Interest and this accounts to -23.96 % of Total Open Interest in Sep series.The Nifty Sep series is trading at 3.9 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 7.35 lakh position in open interest and this accounts to 2.79 % of Total Open Interest in all series and cumulatively trading in average premium of 37.37 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down move

MTECHTIPS:- Bank Nifty August Future: the trend was VERY STRONG BEAR In Sep series BANKNIFTY future added 3.27 lakh position in Open Interest and this accounts to -21.89 % of Total Open Interest in Sep series.The BANKNIFTY Sep series is trading at 17.45 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 1.04 lakh position in open interest and this accounts to 4.08 % of Total Open Interest in all series and cumulatively trading in average premium of 62.93 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down move

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