NEW DELHI: The domestic equity market on Wednesday witnessed indecisiveness among traders ahead of Thursday’s Union Budget, and it was best captured by the ‘Doji’ formation on the daily chart.Analysts advised traders to go into the B-Day with tight strict losses.In a Doji pattern, the index’s closing level is almost equal to its opening level.”Wednesday’s volatile price action is nothing but reflection of nervousness among traders ahead of the Union Budget. Albeit the bulls bounced back after testing Nifty’s support zone between 10,994 and 10,975, the real test for them lies in holding on to the short-term critical support at 10,925 on a closing basis,” Mazhar Mohammad of Chartviewindia.in said.Mohammad advised traders to focus on the long-term technical picture rather instead of playing for short-term gains and succumbing to volatility.”A tight stop loss below 10,900 on a closing basis is advised for all short-term long side bets. For resumption of its uptrend, Nifty50 needs to close above 11,200,” he said.At close, the index was down 21.95 points, or 0.20 per cent at 11,027. Rajesh Palviya, Head Technical & Derivatives Analyst at Axis Securities, said should the Nifty50 sustain above 11,060, it may scale 11,120-11,150 range. Violation of the 10,970 level may intensify the correction towards 10,900 and 10,850 levels. Both daily strength indicator RSI and momentum indicator Stochastic are in the negative territory, which signals a possible correction on the short-term charts, Palviya said.The bulls are not losing grip while the bears are putting pressure at higher levels, said Chandan Taparia of Motilal Oswal Securities. It requires a decisive hold above 11,111 to extend its upmove towards 11,250, while a hold below 10,980 could attract selling pressure towards the 10,880 level, Taparia said.