''Indian markets are likely to open positively tracking the SGX Nifty. After ending the previous session mixed, US markets moved mostly lower over the course of the trading day on Friday following slew of economic data,'' according to Angel Broking.
''The The trend deciding level for the day is 29,268 / 8,865 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 29,654-29,946 / 8,978-9,055 levels,'' it said.
''However, if Nifty trades below 29,268 / 8,865 levels for the first half-an-hour of trade then it may correct towards 28,976-28,590 / 8,788-8,675 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.