2011- NIFTY - pan out Qtr by Qtr,

NIFTY (5539) - 

The year 2011 

1st Qtr -  Fall (it almost happened) ie 5300-5200

 (assume low formed or to be form. if deviate, then the pan out differ)

2nd Qtr -  Consolidation

3rd Qtr - Break out or To be break out.  Rally starts...

4th Qtr. -  Attack the expected target. ie. 6900-7000