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The NSE Access 13 points closed at 17,662, and the Indian stock market was completely damaged and ended in the positive zone on Tuesday's session.
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Now the bank closed at 40,655 points on the Access 267 numbering, also climbed higher than the broader market index list, while the advance/decline ratio slipped to 3.28:1.
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As per stock market information, all are expected to remain in range till the Budget 2023 is presented.
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Now traders and investors are advised to know the pivot levels of the markets as the market is expected to remain volatile on the date of Budget 2023 i.e. 1st February 2023.
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Ruchit Jain added that volatility may also remain high, and hence traders should also trade with proper risk management.
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Unveiling the intraday trading strategy for the Wednesday session, Deepak Jasani, Head of Retail Research at HDFC Securities said, "Nifty has recovered well from morning's lows.
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t also scored at a higher level than the previous session. We have the Union Budget today and the Nifty may remain in the 17,542 to 17,760 band in the near term.
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Now, on the other hand, resistance is also stopped below the 18,100 level, and if the prices break that level, the 18,300 level will also be the next resistance.
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Today, the entire focus will be on the Union Budget announcements as participants will also expect positive announcements.