Indian markets are expected to open flat with positive bias tracking SGX Nifty, according to Angel Broking. ''The trend deciding level for the day is 28,068 / 8,510 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 28,269-28,466 / 8,572-8,627 levels. However, if Nifty trades below 28,068 / 8,510 levels for the first half-an-hour of trade then it may correct towards 27,870-27,669 / 8,455-8,393 levels,'' it added.

U.S. stocks closed lower Tuesday, but off the session lows hit when one of the Fed president indicated that September interest-rate hike is likely unless there is a significant deterioration in the economy.

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