10 Top Margin Funding Picks By ICICI Direct For April 2022

In a research report dated March 29, 2022, ICICI Direct-the country's heavily research backed brokerage house has come up with Margin Funding Picks.

The whole concept of margin trading or funding works on the credit that can be the taken from the brokerage based your outstanding shares and you can buy additional shares in the potential companies and earn higher returns than the interest that you pay off.

As per the brokerage, here the top picks are given out basis 3 considerations:

1. Price structural analysis

2. Reasonable business model and promoter pedigree

3. Relative strength rankings

The brokerage in the report mentions that the suggested calls can be considered for buying stocks under Margin trading with a medium term horizon and get 365 days to pay full amount and take delivery of stocks:

Below are our top picks for month of April 2022:

Date	Scrip Name	Buying Range	Support	Target
29-Mar-22	TCS	3660-3715	3460	4070
29-Mar-22	Titan	2500-2540	2410	2750
29-Mar-22	Tata Steel	1310-1340	1255	1460
29-Mar-22	Cipla	1010-1035	960	1120
29-Mar-22	Mindstree	4200-4270	3960	4690
29-Mar-22	Bharat Electronics	203-208	192	230
29-Mar-22	Container Corporation	620-650	610	720
29-Mar-22	Aditya Birla Fashion	294-302	278	332
2-Feb-22	State Bank of India	520-540	460	585
2-Feb-22	ABB India	2260-2300	1890	2520

Important pointers when engaging in margin trading

Though there are greater chances of making profits there is involved a high risk too. Here you get into buying stocks by leveraging which hence amplifies or increase the effect in case of losses. Further in case of a margin call, either may be required to liquidate your position in a stock or may need to pay more capital for keeping your investment.