As Dow'Futures is more than 60 points up and European markets are trading positive therefore sentiment improved and recovery seen from lower levels today and Nifty is trading above 5615. Nifty traded last more than 10 hours between 5583-5624 with intraday selling formation at higher levels within this range and until Nifty will not sustain above this range till then deeper correction will be expected below 5583.