NBCC Daily

A mega project was awarded to State-owned construction firm NBCC Ltd worth Rs 3,200 crore project from the union finance ministry to develop a residential-cum-office complex in Mumbai.The prices had been showing some promise for the past few days but were curbed by the median line. However the strong breakout above the median line does spell well for the prices.Further the ADX and positive DI lines are inching higher suggesting that there could be more upside seen in this counter in the coming days. One could look at a potential target of 235 and look to participate at current levels and on dips towards 215-213.