Nifty: Critical turn window ahead

The Nifty has been range-bound since early part of June and is trading in a tight range. The midpoint of the range is around 5,200, and a +/- 150 range either side.Post the top of July 10, the index left a bearish gap between 5,267-5,300. This gap area has now attained great importance with respect to bulls.A break and close above it by early part of next week would mean that markets could start a fresh new uptrend. On the flip side,...