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

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.