How much Nifty can rise in current bull market

How Bulls markets are made?

"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria" - Sir John Templeton

India has first major Bull market when Sensex moved from 400 in 1989 to 4546 in April 1992 a Rally of almost 1100% in matter of 3 years which will be remembered for Liberalization and reforms by Manmohan Singh  . After that we got the Harsh Mehta scam where Sensex tumbled from all time high of 4546 to 1980 low made in Apr 1993.  Next Major Bull market was seen from 2003 to 2008 where Sensex Rallied from 2900 to 21K and Nifty from 1000 to 6333 a run of almost 700 %.
From the highs of 1992 till 2003 Sensex did not did anything trading in the wide range in between we got the Asian Market crisis, Dot com bubble but overall Sensex remains in the range than the Big breakout came in 2003 and Sensex and Nifty saw a 7 fold rally till 2008.
So as per above analysis multi year Bull runs

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