MTECHTIPS:- NIFTY FUTURE,Bank Nifty Future

MTECHTIPS:- NIFTY FUTURE- NIFTY FUTURE-CMP(10646.9) is currently in BULL trend . Yesterday the trend was CONFUSION TREND In Jan series Nifty future added 12.18 lakh position in Open Interest and this accounts to 4.42 % of Total Open Interest in Jan series.The Nifty Jan series is trading at 9.9 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 13.12 lakh position in open interest and this accounts to 4.57 % of Total Open Interest in all series and cumulatively trading in average premium of 30.1 Rs to Underlying. The open interest is also increasing with trend
MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(25709.5) is currently in BULL trend . Yesterday the trend was BEAR WITH LV In Jan series BANKNIFTY future added 0.78 lakh position in Open Interest and this accounts to 3.86 % of Total Open Interest in Jan series.The BANKNIFTY Jan series is trading at 5.7 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.68 lakh position in open interest and this accounts to 3.25 % of Total Open Interest in all series and cumulatively trading in average premium of 52.17 Rs to Underlying. The open interest is also not increasing with trend so be careful
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