For now, all the trends look bullish

The stock market zoomed in response to the Budget. The uptrend remains in force with Foreign Portfolio Investors (FPIs) also turning net positive. The Q3 results have also been better than the extremely low expectations post-demonetisation and that has also improved sentiment. Near-term triggers include the RBI policy statement and whatever rumours arise out of Assembly elections. 

The market has zoomed to new highs for calendar 2017 and the next targets would be the resistances in the range of 8,950-9,000, where the September 2016 rally peaked. If this uptrend sustains for much longer at this momentum, new all-time highs are likely