We hit the tops at 6357 in January 2008 and 6339 in November 2010. The support levels cam at around 5100 which have decisively broken giving a target of 3700 to 3900 range.
Time elapsed between 2 peaks is 32 months, so it may be another 32 months from November 2010, which comes to June 2013 that we cross 6350 again. It could also mean the Bear Market could last 32 months out of which 11 months have elapsed. This is same scenario as 1992-2000 where the market was stuck in a range.
For those interested in stock picking in the downturn, I am enclosing the link of Lakshmi.
She has come up with the updates for the month of October 2011. I have helped in identifying the stocks on the basis of fundamentals.
Investment Cherry Picks for the downturn