Markets to consolidate @ 4350 - 4500

After the sensex and nifty hammered heavily, it is time to consolidate.Long term players may want to invest now keeping 2-3 years view.But,certainly not for short term traders.
I believe the overall view is the present central gov. lost confidence among investors and the business community wants to see a change of guard as the present arrangement lacks decision making power. The left parties are the stumbling block to the gov. in many issues including nucleur pact with US.
So if one wants to make money he will have to wait till 2009 elections,but not sure if left parties will lose its crocodile tearing members.