MTECHTIPS:- Bank Nifty Future

MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(25743.4) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Jan series BANKNIFTY future added 2.15 lakh position in Open Interest and this accounts to 10.52 % of Total Open Interest in Jan series.The BANKNIFTY Jan series is trading at 5.65 Rs discount to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 2.39 lakh position in open interest and this accounts to 11.12 % of Total Open Interest in all series and cumulatively trading in average premium of 40.45 Rs to Underlying. The open interest is also not increasing with trend so be careful