What does the survey argue against?
I. Sudden stall of the stock prices
II. Setting of targets which are very difficult to achieve
III. Correction in the stock market
IV. Optimism in regard to sustainability of rising stock prices

The Survey reveals and has informed people that the market might stall and also that the corrections are likely to occur. Thus, I and III are not true. “Among the concerns the CEA has flagged is one relating to what the Survey calls “a classic emerging market ‘sudden stall’ induced by sharp corrections to elevated stock prices.””  With Indian stock indices continuing to soar to new highs on an almost daily basis, the Survey warns against “sanguineness about its sustainability”. Thus IV follows. “To this end, it argues against “setting overly ambitious targets for consolidation, especially in a pre-election year”” Thus II follows.