Index levels for 29 Oct

Nifty Spot CMP at 11627

Resistance at 11715/ 11775

Support at 11575 / 11535

BankNifty Spot CMP at 29516

Resistance at 29710 / 29860

Support at 29325 / 29175

View: - Market has given a failure of range breakdown on Friday in Both Nifty n BankNifty. SGX is suggesting a gap up open today which will take us to the recent range high. I will keep an eye on how market trades for first 15 min above the range and update the view for the day in group based on that.

I will update if there is a change in view.