4000? BEING LITTLE AGGRESSIVE

BEING LITTLE AGGRESSIVE I WAS JUST SEARCHING FOR REASONS TO REACH 4000 BY FY07.SINCE LAST COUPLE OF DAYS I WAS ENGAJED TO FIND THE REASONS BEHIND 3500 TO BE UNCROSSED.FANALLY I FOUND SOMETHING THAT ALSO INDICATES 4000.IF YOU SEE NIFTY CHART FROM 2003, YOU WILL FIND THAT NIFTY ACTUALLY STARTED RALLY ON 25/04/03 FROM 921.ACCORDING TO EWT IT COMPLETED ITS WAVE 1(921-2015) AT 2015.AFTER THE CORRECTIVE WAVE2(2015-1390)NIFTY RALLIED DRAMATICALLY UPTO 3774 WITH ENDING THE WAVE 3(1390-3774).THEN WE HADE WAVE 4(3774-2595)AS A RED BATH.THE WAVE 5 IS IN FORM ALREADY.ACOORDING TO 2:3:5 LAW ITS LEANGTH SHOULD BE =(WAVE1+WAVE3)/7*3=1490 POINTS.SO WE ARE HEADING TOWARDS (2595+1490)=4085.FINANCIALLY A GROWTH OF 5% PER QUARTER ON NIFTY EPS IS SEEN.

FY06EPS=166.25--------FY07JUNE QTR EPS=171.47--------FY07 SEPT QTR EXP EPS=180.04. NORMALLY NIFTY MAKES HIGH AT 22 P/E.SO 180.04*22=3960 ALMOST 4000.MOREOVER IT IS EXPECTED THAT NIFTY EPS WILL SEE A 7%GROWTH IN THIS QTR.SO LETS HOPE FOR THE BEST.