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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True Wave Scanner - scanner.elliottwavestrading.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.