''Indian markets are expected to open flat as indicated by the SGX Nifty and tracking Asian markets,'' according to Angel Broking. US markets erased early gains to close lower on the back of renewed concerns about the outlook for interest rates on the heels of some upbeat housing data.

''The trend deciding level for the day is 28,249 / 8,569 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 28,368-28,574 / 8,602-8,661 levels. However, if Nifty trades below 28,249 / 8,569 levels for the first half-an-hour of trade then it may correct towards 28,043-27,924 / 8,510-8,477 levels,'' it added.

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