MTECHTIPS:- Bank Nifty Future

MTECHTIPS:- Bank Nifty Future: BANKNIFTY(25448.75) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BEAR In Dec series BANKNIFTY future added 6.65 lakh position in Open Interest and this accounts to 45.2 % of Total Open Interest in Dec series.The BANKNIFTY Dec series is trading at 116.35 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 1.61 lakh position in open interest and this accounts to 5.94 % of Total Open Interest in all series and cumulatively trading in average premium of 97.05 Rs to Underlying.