Please remember after stability in market Nifty will remain between any pair of levels mentioned above till the time any news wont breakout...
panic is still there... though technical indicators are indicating some other story but fear of loss is creating the panic ...how ever it is nice time for investors to start investing in certain stocks which are trading at strong support at this juncture too...but stay away from IT companies at present as you may buy them at cheaper price in near future ...