MTECHTIPS:- Bank Nifty Future

MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(25496.35) is currently in BEAR trend . Yesterday the trend was STRONG BEAR LOW VOLATALITY In Dec series BANKNIFTY future added 2.53 lakh position in Open Interest and this accounts to -24.52 % of Total Open Interest in Dec series.The BANKNIFTY Dec series is trading at 0.3 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.08 lakh position in open interest and this accounts to 0.43 % of Total Open Interest in all series and cumulatively trading in average premium of 64.67 Rs to Underlying. The open interest is also not increasing with trend so be careful