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Stocks To Buy: 9 Top Margin Funding Picks By ICICI Direct For August 2022
ICICI Direct has come up with margin Funding Picks- exclusive research recommendations for Margin Trading products. The brokerage says investors can use these calls to buy stocks under Margin Trading with a medium term horizon and get 365 days to pay full amount and take delivery of stocks.
Top Margin Funding Picks for August 2022
Below are the brokerage's top Margin Funding picks for the month of August 202
| Date | Scrip Name | Buying Range | Support | Target |
|---|---|---|---|---|
| 3-08-22 | Bajaj Finance | 7130-7270 | 6710 | 7870 |
| 3-08-22 | Asian Paints | 3370-3430 | 3230 | 3690 |
| 3-08-22 | L&T | 1755-1790 | 1650 | 1930 |
| 3-08-22 | Sun Pharma | 880-900 | 840 | 980 |
| 3-08-22 | M&M | 1220- 1255 | 1160 | 1360 |
| 3-08-22 | Tata Steel | 103-108 | 96 | 116 |
| 3-08-22 | Thermax | 1970-2010 | 1875 | 2230 |
| 3-08-22 | Brigade Enterprises | 490-510 | 465 | 565 |
| 3-08-22 | JK LakshmiCement | 444-460 | 419 | 510 |
What is margin trading?
In margin trading, funds are raised or borrowed from the broker to buy stocks. So, investors through the facility can buy more of stocks than what he or she can actually afford considering the available funds in their trading account.
So, typically, while the broker lends money for buying securities the same would be kept by it as collateral.
How to start with margin trading?
In order to begin margin trading, you need to place a request with your broker to open a Margin Trading Facility or MTF account. Herein you are required to pay a certain amount upfront in cash to the brokerage firm which is the minimum margin. This kind of offers a cushion to the brokerage if in case the trader loses the trade and fails to return the borrowed money.
