We indicated a dead cat bounce situation after the market rallied on 22 August. Read http://excellatrader.blogspot.in/2013/08/can-market-rally-from-here.html
5500 was the resistance zone for that bounce and the short lived rally finished on 23 August, making 200 points bounce from this phase. From this level Nifty crashed 400 points and made a low at 5120 today.
Which industries are more likely to have stocks that dead-cat bounce?
How to Identify Dead-Cat Bounces?
What are the Dead-Cat Bounce Trading Tips?
Example Dead-Cat Bounce
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