Nifty swung in the wide range breaking highs and lows for the whole day with big volumes, due to uncertain sentiments, forming an Expanding Triangle pattern. Below is the 5 min chart of Nifty Futures:
Cues For Today (July 3rd):
On the higher side 4367 level which is 38.2% retracement of the whole down move from 12th June is still giving good resistance. Above that it can go up to 4440 levels which may not be possible for tomorrow, going by global cues.
On the lower side 4265/4245 levels are the support zones for tomorrow. If nifty breaks this zone with good volumes then it may go down to 4160 levels. Below is the hourly chart of Nifty Futures:
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