''Indian markets are expected to open in negative tracking the SGX Nifty and weak global cues,'' according to Angel Broking. US markets closed sharply lower led by a sell-off in technology and biotech stocks. The Commerce Department also released a report showing an unexpected drop in durable goods orders in February.

''The trend deciding level for the day is 28,131 / 8,540 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 28,230-28,349 / 8,564-8,598 levels. However, if Nifty trades below 28,131 / 8,540 levels for the first half-an-hour of trade then it may correct towards 28,012-27,913 / 8,507-8,483 levels,'' the broking firm added.

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