Zinc Prediction for Monday 8 June 2026: MCX Price Forecast and Key Levels

June 5, 2026
Posted by: Neeraj Pandey
Category: News

Zinc MCX Rs 289/kg (+1.05%) on 5 Jun. Support Rs 284, resistance Rs 296. Trend: Cautiously Bullish. Monday 8 Jun.

The Zinc prediction for Monday 8 June 2026 is Cautiously Bullish as MCX Zinc closed at Rs 289/kg (+1.05%) on Friday 5 June 2026. Zinc gained +1.05% Friday supported by European smelter curtailment concerns and RBI dovish hold improving India construction demand outlook. The Zinc prediction for Monday will also be shaped by the US Non-Farm Payrolls data released on Friday evening and the overnight global commodity market movements, including Dollar Index direction. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, provide the key technical levels for the Zinc prediction for Monday 8 June 2026.

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Table of Contents

Friday 5 June 2026 Market Close

Nifty 50: 23,366.70 (-0.21%). High 23,516.35, low 23,282.65. RBI held repo at 5.25%; market opened positive but gave back gains late session.
Bank Nifty: 54,496.25 (+0.35%). Hit +0.35% high intraday on RBI day. PSU banks outperformed; SBI high Rs 992.60.
India VIX: 15.79 (intraday low 13.46 — multi-week low). Declining VIX is constructive for Monday 8 June 2026 open.
Nifty IT: 29,010.30 (-0.99%). Wipro fell -2.91% post-buyback record date.
FII/DII (4 June): FII net Rs -4,475.76 Cr; DII net Rs +3,986.44 Cr.
Key event for Monday: US NFP data released tonight (5 June); Monday open will react to this first.

Zinc Price Levels for Monday 8 June 2026

Parameter	Value
MCX Close (5 June)	Rs 289/kg
Previous Close	Rs 286/kg
Change	+1.05%
Support 1	Rs 284/kg
Support 2	Rs 278/kg
Resistance 1	Rs 296/kg
Resistance 2	Rs 304/kg
Trend	Cautiously Bullish

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Zinc Prediction for Monday: Technical Analysis

Ankit Jaiswal observes that the Zinc prediction for Monday is anchored at Rs 284 support. Zinc gained +1.05% Friday supported by European smelter curtailment concerns and RBI dovish hold improving India construction demand outlook. A break above Rs 296 with volume would be the bullish trigger for the Zinc prediction for Monday 8 June.

Kunal Singla notes that the Zinc prediction for Monday is sensitive to overnight US data. The US NFP reaction and any Iran geopolitical update will set the MCX opening tone for Monday.

Bull and Bear Case for Zinc Prediction for Monday

Bullish: European smelter production cuts tightening near-term zinc supply; India construction demand steady. Target Rs 296 then Rs 304.

Bearish: Cajamarquilla full resumption and weak China PMI reducing zinc demand globally. Risk toward Rs 284 then Rs 278.

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Conclusion

The Zinc prediction for Monday 8 June 2026 is Cautiously Bullish with Rs 284 as key support and Rs 296 as resistance. Ankit Jaiswal and Kunal Singla recommend strict stop-loss discipline. Data is sourced from open public platforms — verify from official NSE/BSE sources.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Disclaimer: The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Data is sourced from open public platforms including NSE and BSE and may be subject to revision. Verify data from official NSE/BSE sources before making any investment decision. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.

Frequently Asked Questions

What is the Zinc prediction for Monday 8 June 2026?

Ans. The Zinc prediction for Monday is Cautiously Bullish. MCX Zinc closed at Rs 289/kg (+1.05%) on Friday 5 June. Support Rs 284, resistance Rs 296. Zinc gained +1.05% Friday supported by European smelter curtailment concerns and RBI dovish hold improving India construction demand outlook.

What is the Zinc price target for Monday?

Ans. The Zinc price target for Monday 8 June ranges from Rs 284 on the downside to Rs 296 on the upside. A sustained break above Rs 296 signals bullish momentum.

What factors affect Zinc prediction for Monday?

Ans. European smelter production cuts tightening near-term zinc supply; India construction demand steady supports bullish scenario. Cajamarquilla full resumption and weak China PMI reducing zinc demand globally is the primary bearish risk for the Zinc prediction for Monday 8 June 2026.

What is MCX Zinc support and resistance for Monday?

Ans. Support 1: Rs 284/kg. Support 2: Rs 278/kg. Resistance 1: Rs 296/kg. Resistance 2: Rs 304/kg.

Is Zinc bullish or bearish for Monday 8 June 2026?

Ans. The Zinc prediction for Monday is Cautiously Bullish. Zinc gained +1.05% Friday supported by European smelter curtailment concerns and RBI dovish hold improving India construction demand outlook. Watch Rs 296 as key resistance and Rs 284 as key support on Monday.

How does the Dollar Index affect Zinc prediction for Monday?

Ans. A stronger Dollar typically pressures Zinc prices. The US NFP data released on Friday evening and the Dollar Index direction will set the tone for the Zinc prediction for Monday 8 June 2026.

What is the global outlook for Zinc for Monday 8 June 2026?

Ans. Globally, Zinc gained +1.05% Friday supported by European smelter curtailment concerns and RBI dovish hold improving India construction demand outlook. MCX Zinc tracks international benchmarks adjusted for the rupee rate. MCX opening on Monday will reflect overnight global movements.

Should I trade Zinc on Monday 8 June 2026?

Ans. This article is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making any Zinc trading decision for Monday.

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Author: Neeraj Pandey

Neeraj Pandey is a Financial Content Writer at Univest, covering Indian equity markets with a specialisation in quarterly earnings previews and analyst consensus analysis. His published work tracks Q4 FY26 results across 10+ sectors — from IT heavyweights like Infosys and TCS to PSUs like Coal India and Balmer Lawrie, and mid-caps like Neuland Laboratories, MCX, and Whirlpool of India. His writing approach is data-first: every article anchors on NSE/BSE filings, analyst consensus estimates (revenue, PAT, EBITDA margins), 52-week price context, and YoY/QoQ comparisons — giving retail investors the same structured framework institutional desks use before an earnings event. He combines SEO-optimised structure with rigorous data sourcing, ensuring each preview ranks for investor search intent while meeting SEBI editorial standards. All articles are reviewed by Univest's in-house equity research team, led by Ankit Jaiswal, Senior Equity Research Analyst, to meet SEBI editorial standards.