BRICS PCG: Volatile down day ahead

The Sensex is likely to be volatile with an downward bias. If the index is able the sustain above the 12,290 levels then we could see it rally towards 12378.

However, a drop below 12,290 could see the downswing accelerate to 12,255.

Hurdles for the Sensex, today will be at 12,375-12,415-12,437;
Supports will be witnessed at 12,259-12,219-12,194.