MTECHTIPS:- Bank Nifty Futur

MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(25545.05) is currently in SIDEWAYS trend . Yesterday the trend was BULL WITH LV In Jan series BANKNIFTY future added 4.8 lakh position in Open Interest and this accounts to 37.92 % of Total Open Interest in Jan series.The BANKNIFTY Jan series is trading at 55.05 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net shed 1.04 lakh position in open interest and this accounts to -6 % of Total Open Interest in all series and cumulatively trading in average premium of 53.45 Rs to Underlying. The open interest is also not increasing with trend so be careful
option activity is less