While a clear signal will emerge only if the stock either breaches the crucial support at ₹9,300 or rises above the resistance at ₹11,400, we expect a technical bounce as the stock saw a sharp slide in the last few days.
F&O pointers: Dixon Technologies April futures closed with a discount at ₹9,817 against the spot price of ₹9,920.50. From 2.91 lakh shares on March 16, open interest jumped to 29.32 lakh shares on April 2, even as the stock remained volatile. Option trading indicates that the stock could move in the ₹9,500-10,500 range.
Strategy: Consider going long on Dixon Technologies April futures with a stop-loss at ₹9,732. This strategy is strictly for traders with a high risk appetite and note that futures requires higher margin commitments. So, risk-averse traders can stay away from this strategy.
If the futures opens and stays above ₹9,825 on Monday, stop-loss can be shifted to ₹9,800. Traders can aim for a target of ₹9,920. High risk traders can even aim for a target of ₹10,010 but with trailing stop-loss.
Going forward, the discount in futures may turn into premium.
We advise traders to promptly book profit at suggested levels considering that Dixon Technologies is a high beta stock.
Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading.
Published on April 4, 2026