''Indian markets are expected to open in red tracking SGX Nifty,'' according to Angel Broking. Profit booking at higher levels led the Indian markets close in red. Despite strong gains seen across Metals shares, selling pressure across Banking-Financials and Power stocks pulled down the broader indices.

''The trend deciding level for the day is 27,461 / 8,320 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 27,583-27,726/ 8,360-8,395 levels. However, if Nifty trades below 27,461 / 8,320 levels for the first half-an-hour of trade then it may correct towards 27,318-27,195 / 8,285-8,245 levels,'' it added.

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