MONTHLY CLOSE

Market expected to gap up after bouncing from oversold levels. Resistance for today in the zone of NF 5020-5040 which is monthly resistance as well. Pivot for this week is NF 4962 with support at 4784 and resistance at 5123. However, with today's Gapup we will form Bullish Island reversal as long as this level of NF 4953-5008 holds.