Nifty August Future still above Nifty Spot' s Day's 1st 5 minute candle High i.e. 24365
And Nifty Spot unable to Cross above Nifty August Future's Day's 1st 5 minute candle Low of 24390.
Hence Nifty is range bound.
Thus Spot & Future parity helps us decide whether it shall be a trending day today or otherwise.