After heavy offloading in March fund managers began shopping for a variety of scrips in April, almost as if anticipating Nifty and Sensex to do their life-highs as they now do.
As an investor or swing trader, keep them on your radar as it feels better to have an idea of what big Mutual Fund houses look up to for profit in upcoming trend.
They have made generous buys in banks, autos, power, and cement sectors.
Top picks include :
- ICICI Bank
- Max Financial
- Federal Bank
- Power Grid
- Tata Motors
- Maruti Suzuki
Remember to include Union Bank in your basket . After bottoming out following bad result the banker has now applied to govt for funds, so next quarter will be nice kitty and its going upward already. Target 215, short term