Will the market be up at next year Diwali ??
The answer to this question is not easy because no one knows the future. At least, traders are wise enough to understand this.
Given the market picture as it stands now, I assume that Indian markets will remain cheerful (means: on the bullish side). This does not mean that markets will not come down. What I anticipate is a number of shallow + sharp corrections as well as range bound moved. But these are normal to any market. So, we may now begin a 'normal' bull market.