#NIFTY View of the Nifty on 7th July.

 For most part of June the Index has been range bound. Price Rejection level has been around 10810. In other words prices above 10810 could not be sustained.  Similarly the Price support level was around 10630-70. In other words support was coming below these levels and the index always recovered. To have any uptrend the index has to decisively move above 10810 and sustain. The volume pattern does not support a breakout above 10810 levels yet. The probability of some more range bound moves is more likely.