Nifty may move to 5100-5125: Finquest

MUMBAI: Finquest Securities is of the view that Nifty can move towards 5100-5125.

���Nifty saw a sharp bounce from 4945 levels and has breached the falling trend line of the last 7 days. Further by opening at low and closing near to high, Nifty has formed a Bullish Belt Hold. Nifty can now head higher towards 5150/5200.

For the day, Nifty could witness consolidation initially between 5070 and 5020 and later resume its uptrend towards 5100-5125,��� the report said.