Surprise movement in the last 30 minutes.

Todays(5-1-09) was a whip-saw session. Even though Nifty opened 42 points high, by 10.20 a.m the gain reduced to just 10 points. During that period Agni level of 3075 was breached and exit became inevitable. Till 2.45 p.m. the Nifty was in the range of 3056-3099 and gave a feeling that the second stimulus package has limited power and Nifty will start its downward journey from tomorrow. Then around 3.00 p.m. came the surprise. Nifty suddenly surged to 3100-3110 and 3131 and closed the day at 3121 with a gain of 74 points. Even though Nandi earlier had expected 100 points gain and touching of Sudha Daivatham (3178)the surge in the last 30 minutes was really unexpected. So,if global cues are good Nifty may continue its upward journey and touch 3178 and 3200 levels.