INDIAVIX has broken out from long term trendline and the impact was seen on 
NIFTY today which took nearly 300 point hit.
If VIX continues to stay above the trendline then chances are we have made a medium term top in NIFTY and next few weeks might result in more red days. Be cautious if you’re carrying longs on any NSE index.
For the uninitiated, VIX is the volatility index which measures the volatility in the market. Markets tend to go up when VIX (volatility) is low, and go down when VIX go up, i.e. volatility increases. It’s a proven measure of assessing risk in the markets.
