Brics PCG: Sensex likely to target 12061

According to BRICs PCG's daily technical report, a strong momentum is likely to be witnessed which will push the Sensex (Nifty) to 12061 (3566).

The week ahead will be up and strong above the weekly hurdle of
11,960 (3504) and the index will scale to 12,063(3566).

However in the event of a decline it should not decisively be pushed below 11,702 (3404); support below this will be at 11,625 (3385). Resistance for the week will be witnessed at 11,969-12,094-12,220 and support at 11,587-11,462-11,336.