Indian markets are expected to open in red tracking the SGX Nifty, according to Angel Broking.

''The trend deciding level for the day is 27,973 / 8,435 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 28,147 - 28,273 / 8,500 - 8,546 levels. However, if NIFTY trades below 27,973 / 8,435 levels for the first half-an-hour of trade then it may correct towards 27,847 - 27,674 / 8,388 -8,323 levels, it added.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.