mit_mohit said:
I want to know how clock can be extarcted from the recieved data...if the coded signal is of the form NRZ-level ( that means 0 represented by 0 volts and 1 is represented by 5volts ).
For the moment, ignore NRZ, because that confuses you.
Any signal that is picked up from a transmitter will no doubt output (or at least produce) a voltage of some sorts. If it didn't, then radios would not exist.
Because the data is not known, there is no way to determine clock information. You may want to implement data that can start a clock and send it through a transmitter and have the receiver decode it through a PLL.
To begin, check out information about serial port data. It sends data in the basic format of: start bit, 8 data bits, stop bit.
Do you know anything about the data, or is this random data you are talking about?