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.