Market expected to fall after Diwali?

Few of my friends (self proclaimed stock market gurus) have been telling me that the the chart pattern and scenario shows market is bound to fall soon, probably after Diwali. Is it true? I was about invest in lump sum in Mutual Funds, should I wait or invest right now? Any experts here who can advice me on this??

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a senior product manager

8mo

Are you serious? Somebody told me I should invest most during diwali

a software developer

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8mo

[a senior product manager](username) who is that someone?

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ratracerebel

8mo (edited)

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Don't buy in LUMPSUM, because if MF redemption requests will start coming, market will fall even more and your MF mgr will have to buy from your funds which you're investing right now. Following events are bound to happen:- - Oct'24 month business updates. Diwali month business updates. - Pending Q2 results. - US Elections starting 5th Nov (which will happen like it had in India) results will come in Dec-Jan. Let the strength come into market, then invest. What's strength? - Q2 good numbers will give strength and faith in market. - FIIs buying, DIIs buying, MFs buying. - Diwali month (Oct'24 ) updates to be good. - War situation getting positive.

a software developer

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8mo

[ratracerebel](username) aye thanks for such a detailed insight! much appreciated!