LAKH RUPAI KA SAWAL

IN THE NIFTY CHART ITS SEEN THAT AFTER THE CRASH FROM 4047-3657 LAST DECEMBER NIFTY IS MAKING A TYPICAL TYPE OF MOVEMENT.STEP1.A 270 PTS (AVG)RALLY 2.CONSOLIDATION 3.AGAIN A UPMOVE TO MAKE THE RALLY MEASURING 400 PTS(AVG) 4.CORRECTION. THEN THE SAME .BUT THE WHOLE PROCEDURE WAS IN A STRICTLY MAINTAINED UPTREND.BUT IN LAST WEEKS CORRECTION THE LOWER LINE OF THE TREND GOT VIOLATED DUE TO EXTREME SELLING SPREE.FORTUNATELY MARKET BOUNCED IN FLICK.NOW THE ORIGINAL QUESTION ARISES.WHAT IS THE PROBABLE TARGET????????????LAAKH RUPAI KA SAWAL.SO
POSSIBILITY (1)IF MARKET FOLLOWS THE TREND THEN STEP 1.A RALLY UPTO 4308-4326 2.CONSOLIDATION 3.UPMOPVE UPTO 4436 4.(a)CORRECTION(b)BREAK OUT ABOVE THE TRENDLINE TARGETING 4600.
POSSIBILITY(2)IF MARKET FOLLOWS THE PTS MEASUREMENT FIGURE THEN STEP 1.A RALLY OF 270PTS(AVG) 2.CONSOLIDATION 3.UPMOVE TO MAKE THE RALLY MEASURING 400 PTS(AVG).IN THIS CASE TARGET STANDS AT 3965+400=4365.
***BOTH THE POSSIBILITY ARE AT THEIR BEST.COZ (1)4600 APPRECIATES 22 P/E RATIO FACTOR ON THE OTHER HAND (2)4365 APPRECIATES THE TARGET OF 4367 ACCORDING ELLIOT WAVE THEORY.