Support for Nifty at 8367-8319: Prakash Gaba

Technical Analyst, Prakash Gaba:Nifty (8435): We said ‘technically since the target is achieved there is a good chance that up move may stall here but I would consider the move as still up as long as 8367 holds’. The Nifty traded volatile but closed in the green right on target of 8435 like a dot.Technically the trend is still intact up as long as 8367 holds. The upside seems to be capped at 8558 if it climbs up as we had head into F&O expiry next week with a holiday, the place is just right for a stall.The support for the Nifty is at 8367-8319 and the resistance is at 8435-8558.