''Indian markets are expected to open on positive note tracking the SGX Nifty and most of its Asian peers,'' according to Angel Broking. Back home, The Indian markets fell on Thursday, tracking mixed global cues. However, the European markets fell broadly as weak Eurozone PMI readings and U.K. retail sales data spurred concerns over the region's nascent economic recovery.

''The trend deciding level for the day is 27,815 / 8,422 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 28,008-28,281 / 8,482-8,565 levels. However, if Nifty trades below 27,815 / 8,422 levels for the first half-an-hour of trade then it may correct towards 27,542-27,348 / 8,338-8,279 levels,'' it added.

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