Zinc Prediction for Tomorrow | MCX Zinc Levels 23 June 2026

Zinc (MCX Zinc July Futures) at Rs 367.50 per kg on 22 June 2026, +0.99%. Prev 363.90. Intl LME Zinc: $2,780/tonne (+0.8%). VIX 27.32.

The zinc prediction for tomorrow for 23 June 2026 centres on MCX Zinc July Futures closing at Rs 367.50 per kg on 22 June 2026, a move of +3.60 (+0.99%) from the previous close of Rs 363.90. Zinc gained on positive global base metal sentiment and improving construction demand outlook. The broader Nifty 50 closed at 24,102.90 (+0.37%), with commodity markets tracking global cues from Iran-US talks in Switzerland.

Ankit Jaiswal, Senior Research Analyst at Univest, has analysed today’s MCX Zinc price action, global cues, and F&O data to present the zinc prediction for tomorrow. Kunal Singla provides the macro and institutional flow context for Tuesday’s MCX session.

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Zinc Prediction for Tomorrow: Today’s MCX Close

• MCX Close: MCX Zinc July Futures settled at Rs 367.50 per kg on 22 June 2026, moving +3.60 (+0.99%) from Rs 363.90. Zinc rose modestly tracking LME gains and improving demand signals from the infrastructure sector.
• International Cue: LME Zinc traded at $2,780/tonne (+0.8%) in global markets. Overnight movement in LME Zinc will be the primary cue for the zinc prediction for tomorrow.
• Market Context: Iran-US talks in Switzerland and elevated India VIX at 27.32 are the two swing factors shaping the zinc prediction for tomorrow heading into Tuesday’s MCX session.

Zinc Prediction for Tomorrow: Key MCX Levels

Trend: Bullish | Range: Rs 362 to Rs 372 per kg

The zinc prediction for tomorrow from Ankit Jaiswal places Rs 362 per kg as the immediate MCX support for Tuesday. A hold above this level keeps the near-term bias constructive and targets Rs 372 as the first resistance. A sustained break above Rs 372 with volume would open the path toward Rs 378. Jaiswal notes that MCX Zinc expiry is on 31 July 2026, so Tuesday’s session will see pre-expiry positioning influence price action.

MCX F&O Analysis for Zinc Prediction for Tomorrow

• Contract and Expiry: The active MCX Zinc contract (Zinc July Futures) expires on 31 July 2026. The zinc prediction for tomorrow includes pre-expiry positioning as a key intraday driver for Tuesday.
• OI Trend: Open interest trends in MCX Zinc heading into expiry will signal whether large participants are adding to or trimming positions ahead of 23 June 2026.
• Margin and Lot Size: MCX Zinc traders should review margin requirements heading into 23 June 2026, as VIX at 27.32 and expiry week can widen intraday swings significantly.

Global Cues for Zinc Prediction for Tomorrow

• LME Zinc: At $2,780/tonne (+0.8%), the international benchmark is the primary overnight cue for the zinc prediction for tomorrow. Any sharp move after Indian market hours will directly set the MCX opening price for 23 June 2026.
• Iran-US Talks: Day 2 of Switzerland negotiations directly impacts the zinc prediction for tomorrow via currency, crude, and risk sentiment channels. A deal would boost risk appetite; a breakdown revives safe-haven and energy price volatility.
• Dollar Index (DXY): A stronger dollar typically pressures commodity prices in INR terms. Monitor DXY overnight as it shapes the zinc prediction for tomorrow opening gap on Tuesday.

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MCX Trading Strategy: Zinc Prediction for Tomorrow

1. Buy Setup: The zinc prediction for tomorrow suggests buying near Rs 362 per kg with stop at Rs 357 and target Rs 372. Confirm with overnight international price direction before entry.
2. Sell Setup: A break below Rs 362 on volume validates a short in the zinc prediction for tomorrow with target Rs 357 and stop above Rs 372.
3. Avoid Illiquid Hours: MCX Zinc volatility peaks at the opening (9:00 AM) and near expiry. The zinc prediction for tomorrow advises avoiding trades in the first 15 minutes.
4. Hedge Against Volatility: Given VIX at 27.32, use options strategies or smaller lot sizes to manage risk in the zinc prediction for tomorrow environment for Tuesday.

What Data Indicates for Zinc Prediction for Tomorrow

The zinc prediction for tomorrow is shaped by three signals: MCX Zinc closing above the previous session at Rs 367.50 per kg, the international benchmark LME Zinc at $2,780/tonne (+0.8%), and Iran-US talks as the key binary event overnight.

Ankit Jaiswal notes that the zinc prediction for tomorrow carries elevated expiry-week risk as the active Zinc July Futures approaches its 31 July 2026 settlement. Pre-expiry OI unwinding can create sharp intraday moves that temporarily breach the support and resistance levels in the zinc prediction for tomorrow.

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Risks to Zinc Prediction for Tomorrow

• Zinc: A sharp global risk-off or China construction data disappointment overnight would push zinc below Rs 362 support in the zinc prediction for tomorrow
• Iran-US Breakdown: A collapse in Switzerland negotiations would sharply spike volatility across commodity markets, potentially invalidating the zinc prediction for tomorrow technical levels.
• Dollar Spike: A sharp DXY surge overnight would put pressure on rupee-denominated MCX commodity prices, creating a gap-down risk for the zinc prediction for tomorrow on Tuesday opening.
• Pre-Expiry Volatility: As Zinc July Futures approaches 31 July 2026, pre-expiry OI unwinding can create sudden directional moves that override the zinc prediction for tomorrow technical picture.

Conclusion

In summary, the zinc prediction for tomorrow on 23 June 2026 is cautiously bullish with MCX support at Rs 362 and resistance at Rs 372 per kg. Ankit Jaiswal places the zinc prediction for tomorrow in the context of Iran-US talk progress and elevated VIX at 27.32. A positive overnight global cue from LME Zinc and an Iran deal would support the MCX zinc Tuesday outlook above Rs 362.

This MCX zinc Tuesday outlook is based on MCX market data as of close of trade on 22 June 2026. Track LME Zinc overnight and check MCX opening cues before placing positions in the MCX zinc Tuesday outlook for Tuesday.

FAQs

What is the MCX zinc Tuesday outlook?

Ans. The MCX zinc Tuesday outlook for 23 June 2026 shows MCX Zinc at Rs 367.50 per kg on 22 June 2026 (+3.60, +0.99%). Support is Rs 362 and resistance Rs 372 per kg. International benchmark LME Zinc at $2,780/tonne is the primary overnight cue.

What is the MCX Zinc support and resistance for 23 June 2026?

Ans. The MCX zinc Tuesday outlook places MCX Zinc support at Rs 362 and Rs 357 per kg for 23 June 2026. Resistance levels are Rs 372 and Rs 378 per kg. A break above Rs 372 would signal a bullish breakout in the MCX zinc Tuesday outlook for Tuesday.

How do Iran-US talks affect the MCX zinc Tuesday outlook?

Ans. Iran-US negotiations in Switzerland directly impact the MCX zinc Tuesday outlook via crude oil, currency, and risk sentiment channels. A deal would boost the MCX zinc Tuesday outlook via improved market sentiment; a breakdown would revive commodity price volatility.

What is the MCX Zinc expiry date?

Ans. The active MCX Zinc contract (Zinc July Futures) expires on 31 July 2026. The MCX zinc Tuesday outlook includes pre-expiry OI unwinding as a key intraday driver for Tuesday. Monitor OI trends heading into expiry for directional confirmation.

What is the trading strategy from the MCX zinc Tuesday outlook?

Ans. The MCX zinc Tuesday outlook suggests buying near Rs 362 per kg with stop at Rs 357 and target Rs 372. Below Rs 362, the MCX zinc Tuesday outlook turns bearish with target Rs 357. Use smaller lot sizes given VIX at 27.32 and expiry-week volatility.