The darling has been in a downtrend for the last few weeks. However this week it formed a bullish candle with lower shadow signalling supportive efforts at lower levels.
The darling formed a higher high and higher low as compared to previous week indicating positive bias. Besides it has managed to close above last week's high thus confirming the bullish double bottom in place at recent low of 7714.
On a daily chart too it has managed to close above 20 DMA. It seems that it has formed a strong base around 7800 levels during recent past. Technical Indicators too have turned bullish confirming the view of short term double bottom.
Our VIX & PCR reading too confirms the continuation of the current up trend.
In a nutshell as long as 7830 is not breached on a closing basis the view remains bias and we expect the Darling to kiss at least 8100-8150 levels in a short term
