Second stimulus package keep Nifty afloat

Friday closing of Nifty was 14 points higher than Thursday's closing due to the hope on central government's second stimulus package to be anounced on that day after the market close and the Asian market cues. Friday low was 3022 which was just above the Agni level at 3020. Even though after 12th December, 2008 the normal Friday pattern has been disturbed, the market closed only with nominal gains ie. less than 18 points. It is to be seen whether the stimulus package has the power to lift Nifty up more than 100 points and keep it there for a few days. On Monday (5-1-09) Agni level is at 3075 and %k of slow stochastic is 91 which is in over bought position.