Indian markets are expected to open in green tracking SGX Nifty, according to Angel Broking. ''The trend deciding level for the day is 28,030 / 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 28,246-28,377 / 8,572-8,611 levels. However, if Nifty trades below 28,030 / 8,510 levels for the first half-an-hour of trade then it may correct towards 27,899-27,683 / 8,471-8,409 levels,'' it added.
U.S. markets ended on a sour note on Friday as drop in energy prices eclipsed wage data that supported expectations that Fed might hold off interest rates. Exxon Mobil and Chevron shares were down over 4% after they reported poor earnings due to weak oil prices.
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