Today's analysis on stock future trading market

The market may remain volatile in the near future as traders roll over positions in the futures & options (F&O) segment from the near month November 2013 series to December 2013 series. The near month November 2013 derivatives contract expire tomorrow, 28 November 2013.

Indian futures contracts expire on the last Thursday of every month. The Sensex retreated yesterday amid signs foreign investment in Indian stocks is slowing. Data due on Nov. 29 may show the country’s economy grew 4.6 percent from a year earlier in the three months ended Sept. 30, according to a Bloomberg survey, capping the longest quarterly stretch of sub-5 percent growth since 2005.

It is breaking down from a support level. It is moving towards Rs 65 and that is worrying, but this stock has been a distinct underperformer and that continues.At 10:15 hrs Future Retail was quoting at Rs 72.10, up Rs 0.20, or 0.28 percent. It has touched an intraday high of Rs 72.50 and an intraday low of Rs 71.60. The share touched its 52-week high Rs 275.75 and 52-week low Rs 63.30 on 22 January, 2013 and 01 August, 2013, respectively. Currently, it is trading 73.85 percent below its 52-week high and 13.9 percent above its 52-week low. Market capitalisation stands at Rs 1,669.71 crore.

For the best advice on stock future in the market  visit us at www.marketmagnify.com or call us at 07316619100.