Nagarjuna Construction Company Ltd
Infra and cement stocks have not participated in the current rally. The stock gave a breakout at 158 last week. It has support at 142-123 levels and an upside after the stock manages to cross the 160 level. The company is facing disputes in its Andhra Pradesh plant. However, 3 BOT projects are likely to add to revenues in the next quarter. Hold with a target of 180.

NTPC Ltd
This is a long term stock and one can hold for 3-5 years. In the short term the stock is likely to slip further. It has support at 155-150 levels and is likely to be range bound between 155-190 in the short term. Execution is the problem area for the company. The earnings growth is likely to be marginal at 5 per cent. Sell at 210 levels.

Reliance Industries Ltd
The petrochemical sector has been subdued. However, oil refining margins and gas profits have come to the rescue of the company. Hold.

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