Market is showing some signs of revival. At lower levels buying is coming which is giving the much needed support to the Bulls. Nifty has bounced back 310 points from the low of 5118 within a few trading sessions. This has resulted into extreme volatility and unprecedented moves on the either sides. The best sector to focus now is Information Technology.
Resistance: 5450 / 54700
Support: 5360 / 5300.