This is a 15 min chart of Nifty futures. We have used the Point and Figure method to analyse it. Let us see what it is telling. The rally of the past 3 days started when it broke the diagonal trendline around 2650. From the chart, we can see that recently futures had made high of 2800 and retreated. Today also Nifty tried to break the high of 2800 but could not sustain and fell. we might see 2650 and if that is broken 2400. Right now 2800 on the upside and 2650 on the downside are the levels to be watched out.
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