Brics PCG: Down day likely

The Sensex is likely to be heading down today, but only after some volatile swings.

The Sensex will remain in positive territory above 12,337, hurdles for the index are seen at 12436. On the other hand a drop below 12,257 could see acceleration of the downmove.

Hurdles for the Sensex, today will be at 12,412-12,452-12,474; Supports will be witnessed at 12,295-12,256-12,231.