Hot Stocks | Here#39;s why HCL Technologies, Wipro, Asian Paints may yield 12% return in short term

NIfty is expected to remain volatile and likely to trade in a broader range of 16,500-17,000. The Nifty is still holding above its 200-day exponential moving average which is placed around 16,300 levels on daily charts, says Shitij Gandhi of SMC Global