How to branch source and build off of new branch daily?

We run several internal builds a week where the source is branched of of trunk into a branch.  We test the branch and apply any fixes before patching and merging the changes back into the trunk.  The product is internally released based off of the branch.
We are trying to migrate this process into TC and are wondering if the automatically labeling will work here with SVN?
What we would like to be able to do is to have a configuration kick off that branches the source before firing off the rest of the build chain to build off of that branch.
Is this possible in 5.1?

thanks,
NSN

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