Will Nifty follow seasonality trend ahead of Diwali? Anand James does the chart reading

Will Nifty follow seasonality trend ahead of Diwali? Anand James does the chart reading https://ifttt.com/images/no_image_card.png"While Nifty has just about managed to get back near the nearest reaction high, it is still below the 14-day SMA. In contrast, both mid and small caps have raced higher with the former now exactly at the 62% retracement from the peak, while the latter has pierced even that is closing in on the record peak, which is just about 1.5% away."