Indian markets are expected to open positive tracking the SGX Nifty and global cues, said Angel Broking in its report. ''The trend deciding level for the day is 25,596 / 7,760 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 25,797-26,140 / 7,820-7,923 levels. However, if Nifty trades below 25,596 / 7,760 levels for the first half-an-hour of trade then it may correct towards 25,253-25,052 / 7,657-7,596 levels,'' it added.
US markets closed positive as traders picking up stock at lower levels and a notable increase in private sector employment during August.
European markets ended in the green but gains were eroded in late trade due to weakness in energy stocks. Early gains were fueled by bargain hunting and positive US private sector employment data.
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