''Indian markets are expected to open on positive note tracking SGX Nifty and most of Asian markets. Indian shares rose sharply on Monday, with auto, oil/gas, cement and banking stocks pacing the gainers, after the government announced deregulation of diesel prices and hiked natural gas prices, a move that will help the government reduce its subsidy burden,'' according to Angel Broking.

''The trend deciding level for the day is 26,439 / 7,881 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 26,509 - 26,588 / 7,905 - 7,930 levels,'' it said.

''However, if Nifty trades below 26,439 / 7,881 levels for the first half-an-hour of trade then it may correct 26,360 - 26,290 / 7,856 - 7,832 levels,'' it added.

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