VWAP is 6037.31. Nifty failed to surpass 6050 on spot today and largely traded with a negative bias and tested the 5-DEMA levels of 5992. Later above 6020 recovered to yesterday's level of 6036 after 3 pm to have a flat closing today @6029 and Nifty looks bullish for tomorrow.
1) Views for tomorrow with long above 6050 levels only with strict stop loss of 6027 for a target of 6090-6120.
2) Break of 6020 on spot will see downside levels of 5990 (below today's low) and 5950. Stop loss for shorts will be 6042 on spot level.
3) A gap up opening above 6060 could likely take the index past 6100 tomorrow.
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