''Indian markets are expected to open flat to negative on the back of mixed global cues. The markets are expected to trade volatile ahead of the Fed meeting outcome and F&O expiry. Investors are advised to adopt a buy on dips strategy to build the long term portfolio,'' said ICICIdirect.

Domestic markets ended positive partly on better-than-expected FDI data for February and on a statement by the World Bank that India's economy seems to have turned the corner and the outlook has improved significantly. US markets ended mixed due to uncertainty about the Federal Reserve's monetary policy, which is due to be announced in the latter half of the day.

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