''Indian markets are expected to open in the red tracking the SGX Nifty and Asian peers,'' according to Angel Broking. Indian markets too closed negative led by cautiousness ahead of the expiry of April series derivative contracts and a curtailed week on account of a holiday on Friday. Weak global cues also weighed on investor sentiment.

''The trend deciding level for the day is 27,280 / 8,256 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 27,384-27,543/ 8,292- 8,345 levels. However, if Nifty trades below 27,280 / 8,256 levels for the first half-an-hour of trade then it may correct towards 27,122-27,018 / 8,203-8,167 levels,'' it added.

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