Stocks in focus for day trading on December 7 – Infosys, Glenmark, Whirlpool, Jindal Steel and more

The day trading guide for the Indian equities on December 7th recommends 6 stocks that could see trading interest – Infosys, Glenmark Pharma, Whirlpool, Jindal Steel, LIC and Lemon Tree Hotels. According to market experts, these stocks warrant attention given strong global cues and rising rate cut hopes domestically.

The benchmarks scaled fresh peaks yesterday, with the Nifty closing at a record 20,961 led by banking and financial stocks. The Sensex hit an all-time high of 69,744 while the Bank Nifty ended at 47,259. The broader markets also saw buying activity, with small-caps and mid-caps touching new highs.

The risk-on sentiment globally has opened room for further upside. Meanwhile, RBI rate cut expectations as early as February policy meet is also aiding sentiment. This makes the above mentioned stocks attractive day trading bets.

Traders will watch out for any continuation of breakout moves or dip-buying opportunities in these counters during the day’s session. Maintaining close tabs on market trends and controlling position sizing will be key.