Technical Analysis of India VIX is as per illustrated in Daily Chart above.
There are significant bearish bets on the Indian Financial Markets, using rosy outlook to help facilitate the set up of bearish positions by the Big Hands and Smart Monies.
India VIX Bullish & BSE Sensex Bearish & CNX/SGX NIFTY Bearish
Long Term Bear Market Transition in Indian financial markets
(Sell on Rebounds)