The volume of BANKNIFTY INDEX FUTURES is 33.96 K. Track more important stats on the BANKNIFTY INDEX FUTURES chart.
The nearest expiration date for BANKNIFTY INDEX FUTURES is Apr 24, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell BANKNIFTY INDEX FUTURES before Apr 24, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For BANKNIFTY INDEX FUTURES this number is 6.03 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for BANKNIFTY INDEX FUTURES shows that traders are closing their positions, which means a weakening trend.