NIFTY and India VIX Analysis

• If price stays above 50% Fib level Bulls will get an extension of this move. They need help from 5 Day High EMA as well.
• We had 3 top's in weekly charts in the recent past and We are closing in on that same setup again. Price is yet to hit the resistance line or the channel top in weekly chart as can be seen from the 3rd chart.
• VIX may give a bounce from the triangle support line which may lead to a correction. VIX may also give a breakdown from the triangle, which will extend the up move for bulls.
• Look for bearish candles and close below 5 Day High EMA for weakness before getting into short trades. 
• GOLD AT 200 SMA