Today I searched for the method to create symbolic link in NTFS file system and found that there are no system built-in commands to do the job. The tools are provided in Resource Kit only.
Fortunatelly unbeatable SysInternals have handy command line utility for it. It is called Junction and available for download from here: http://www.microsoft.com/technet/sysinternals/fileanddisk/junction.mspx.