Even as the roller-coaster ride for the market continues, Quantum Securities' director Sanjay Dutt feels 5,300 will be a good base for Nifty. "We are done with the downside for the medium-term. A phenomenal amount of consolidation has taken place in this 5300-5600 range and this should be a good base for a nice leg up in the next year or two" he says adding that the next rally will be lead by Reliance.
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