Indian markets are expected to open on a flat note tracking the SGX Nifty, according to Angel Broking. ''The trend deciding level for the day is 27,509 / 8,318 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 27,664-27,821 / 8,366-8,412 levels. However, if Nifty trades below 27,509 / 8,318 levels for the first half-an-hour of trade then it may correct towards 27,352-27,197 / 8,271-8,224 levels," it added.
The Indian markets fell modestly on Thursday, with the Nifty index closing lower for the fourth straight day, as investors adopted a cautious stance on the eve of the expiry of monthly derivative contracts.