Nov/06/2013-BANKNIFTY(11594.35) is currently in SIDEWAYS trend . - TopicsExpress



          

Nov/06/2013-BANKNIFTY(11594.35) is currently in SIDEWAYS trend . Yesterday the trend was STRONG BEAR In Nov series BANKNIFTY future added 0.77 lakh position in Open Interest and this accounts to 4.3 % of Total Open Interest in Nov series.The BANKNIFTY Nov series is trading at 95.45 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net added 0.78 lakh position in open interest and this accounts to 4.26 % of Total Open Interest in all series and cumulatively trading in average premium of 161.75 Rs to Underlying. The open interest is not increasing with trend so be careful option activity is less At current price strike the activity is tilted to put side
Posted on: Tue, 05 Nov 2013 17:41:45 +0000

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