''Indian markets are likely to open on flat note tracking the SGX Nifty,'' according to Angel Broking. US markets ended negative on Wednesday. The weakness on US markets was due to some profit booking by traders.

''The trend deciding level for the day is 29,565 / 8,979 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 29,841-30,301 / 9063-9,204 levels'' it said.

''However, if Nifty trades below 29,565 / 8,979 levels for the first half-an-hour of trade then it may correct towards 29,105-28,829 / 8,838-8,753 levels,'' it added.

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