After such strong bullish move, the bulls will not handover the control to the bears that easily and that is why they will jack up the prices 2-3 times so that the bears are flushed out.
Bulls are emboldened by the fact that Budget is round the corner and we will have a pre-budget rally soon ...so they are not worried about too deep a correction atleast till the budget.
Old man Dow Jones is a bit tired after running continuously and now is looking for some rest.During this rest our young and restless Nifty may drift down to 7500 before surging again towards 7950-8000