MTECHTIPS:- NIFTY FUTURE,Bank Nifty Future

MTECHTIPS:- NIFTY FUTURE- NIFTY FUTURE-CMP(10968.0) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Jan series Nifty future shed 28.52 lakh position in Open Interest and this accounts to -10.25 % of Total Open Interest in Jan series.The Nifty Jan series is trading at 1.8 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 7.41 lakh position in open interest and this accounts to 2.12 % of Total Open Interest in all series and cumulatively trading in average premium of 23.13 Rs to Underlying. The open interest is also increasing with trend

MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(27015.5) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Jan series BANKNIFTY future added 0.83 lakh position in Open Interest and this accounts to -3.57 % of Total Open Interest in Jan series.The BANKNIFTY Jan series is trading at 25.7 Rs discount to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 1.5 lakh position in open interest and this accounts to 4.96 % of Total Open Interest in all series and cumulatively trading in average premium of 16.47 Rs to Underlying. The open interest is also not increasing with trend so be careful
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