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.