Since peaking out in March, India VIX has been in a steady downtrend, consistently creating a series of lower highs and lower lows. That sequence is now starting to show signs of weakening. The index has already made a higher low.
Going forward, if it breaks above 24, it will make a higher high, essentially ending the sequence of lower high and lower low. Such a development would indicate at higher volatility in the days ahead.
Keep a close watch of India VIX in the next few days.
