If you are a beginner and willing to pick up stocks on your own, Looking at the hot stocks that the AMCs hold for their equity funds would be one of the strategies. Continuous monitoring of 'How hot these stocks remain with AMCs' is also very important.
Reliance Industries seems to be the hottest stock with all the AMCs.
Have a look at the list of HOT stocks. you may pick up a clue or two from this .
Source: NAV india/ Hindu Businessline
AMC = Asset Management Company ( Mutual fund company)
For 10 year analysis on some equity funds---http://ideasmoney.blogspot.com/2007/05/sip-returns-analysis.html