Volume analysis supports this potential scenario

The S&P CNX Nifty Index Futures chart indicates an uptrend within a defined channel, with the price currently testing a key resistance level. A rejection from this resistance could lead to a pullback towards the fair value gap . Volume analysis supports this potential scenario, suggesting that a move to fill the gap could occur before the price resumes its uptrend. Traders and investors should closely monitor price action and volume dynamics to make informed decisions.