MTECHTIPS:- Bank Nifty August Future

MTECHTIPS:- Bank Nifty August Future: – BANKNIFTY(25831.85) is currently in SIDEWAYS trend . Yesterday the trend was BULL WITH LV In Nov series BANKNIFTY future added 0.25 lakh position in Open Interest and this accounts to 1.02 % of Total Open Interest in Nov series.The BANKNIFTY Nov series is trading at 63.25 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.34 lakh position in open interest and this accounts to 1.34 % of Total Open Interest in all series and cumulatively trading in average premium of 132.9 Rs to Underlying.