The Indian market continued its bull-run for the second consecutive session after the Budget with Nifty ending above 14,600 on February 2.

Nifty has surged more than 7 percent in the last two sessions as participants gave a thumbs up to the Union Budget.

On the derivative front, Call writers at 14,000 and 14,200 strikes triggered short-covering which pushed Nifty towards 14,600 levels.

At the current juncture, Put writers are getting active at 14,200 and 14,300 strikes while Call writers are seen shifting towards 15,000 strikes.

We believe the bullish momentum may continue in the Indian markets and any dip in the prices should be utilised to take fresh longs.

On the higher side, a decisive move above 14,700 will once again add follow-up buying in the index which could take it towards 14,900 and 15,000 levels as well.