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Nifty: 22,200-22,500 next upside target for Nifty in next one month: Nagaraj Shetti

Nagaraj Shetti says: “Though the market declined by 130 odd points today, I am not expecting a bigger decline from here. The overall near-term trend status of the market remains intact. If Nifty moves below the immediate support of 21,500 levels, there is a possibility of Nifty getting the support of the next lower level around 21,200 to 21,000 levels.” ....

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Detailed text transcripts for TV channel - MSNBC - 20110818:09:15:00

And mixed earnings made for another bumpy day on wall street wednesday. dell s disappointing outlook fanned fears about next quarter growth which spread to the broader tech sector. dell was the s&p s worst performer shedding 10%. fellow pc maker hewlett-packard was also hit, falling nearly 4%. the tech slide continued after hours with network management company netapp sliding as much as 14% after missing revenue expectations. elsewhere on the earnings front farm equipment maker deere was one of the biggest drags of industrial shares. abercrombie & fitch had disappointing news. its share dropped more than 8%. on the upside target ended the day 2% higher thanks to better than expected earnings. office supply retailer staples also weighed in with strong earnings thanks to demand overseas. traders also fretted rising inflation could keep the fed from offering another round of ....

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