MTECHTIPS:- Nifty August Future,Bank Nifty August Future:

MTECHTIPS:- Nifty August Future: Nifty future added 92.18 lakh position in Open Interest and this accounts to 41.24 % of Total Open Interest in Nov series.The Nifty Nov series is trading at 16.75 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 5.56 lakh position in open interest and this accounts to 1.75 % of Total Open Interest in all series and cumulatively trading in average premium of 21.9 Rs to Underlying. The open interest is also increasing with trend

MTECHTIPS:- Bank Nifty August Future: BANKNIFTY(25080.65) is currently in SIDEWAYS trend . Yesterday the trend was CONFUSION TREND In Nov series BANKNIFTY future added 5.04 lakh position in Open Interest and this accounts to 29.74 % of Total Open Interest in Nov series.The BANKNIFTY Nov series is trading at 58.45 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net shed 0.63 lakh position in open interest and this accounts to -2.49 % of Total Open Interest in all series and cumulatively trading in average premium of 55.02 Rs to Underlying. The open interest is also not increasing with trend so be careful

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