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[Bearish] INDIA VIX has broken out of long term trendline

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NSE:INDIAVIX   India VIX Index
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.

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Disclaimer: Do your own due diligence for buy/sell decisions.
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