Will the India VIX cool down from here?

The India VIX recently has a hit a Daily SZ. It has risen from nearly 10% odd levels to greater than 20%. This is not a normal situation for this index. However there are elections in India and there will be a lot of uncertainty in the markets causing the VIX to rise in value. The India VIX and the Nifty are inversely co-related to one another. So if the VIX begins to cool down then this will bring a shift in all the equity indices and force them to move to the upside

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Seems like the VIX is cooling off but may not drop signficantly lower due to the big news coming up in June. So we may retrace first towards the 16-17% levels and we will have to see how the prices react from there