Is the VIX giving a warning sign
Historically, for the last 10 years, whenever there has been a non confirmation between India VIX and Nifty at new highs or lows, it has been a indication of a change in market direction. So unless the ViX falls to a new low, the last high has not been confirmed.
For reference the VIX chart is inverted
For reference the VIX chart is inverted
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