Zinc Price Prediction for Monday: Zinc Extends Above Rs 407 for 24 August 2026
- August 21, 2026
- Posted by: Kunal Singla
- Category: Predictions
MCX Zinc (31 Aug) at Rs 407.10/kg (+1.23%) on 21 Aug 2026. High: Rs 407.75. Low: Rs 403.65. Above key Rs 400 level. Support: Rs 403. Resistance: Rs 407.75.
Quick Answer
The zinc price prediction for Monday is sideways to bullish. MCX Zinc (31 Aug) closed at Rs 407.10/kg (+1.23%) on Friday 21 August, extending above the Rs 400 key psychological level for the second consecutive session. Ankit Jaiswal’s zinc price prediction for Monday places support at Rs 403 to 404 and resistance at Rs 407.75.
The zinc price prediction for Monday follows a week where MCX Zinc recovered from below Rs 400 (Tuesday close Rs 394.75) to Rs 407.10 by Friday — a weekly recovery of 3.1%. Ankit Jaiswal, Research Analyst at Univest, notes that the zinc price prediction for Monday benefits from two important technical signals: first, zinc is now clearly above the Rs 400 psychological support; second, the Sept Zinc contract at Rs 398.95 trades at a discount to the front month, indicating that near-term demand is stronger than future expectations — a healthy structure for the zinc price prediction for Monday.
Kunal Singla, Research Analyst at Univest, observes that the zinc price prediction for Monday is additionally supported by the broader base metal rally on Friday: Nifty Metal gained 0.86%, Hindustan Zinc rose 1.00%, and Hindalco gained 0.75%. This equity-side validation, where zinc-producing companies’ stocks rise in line with the commodity, confirms the zinc price prediction for Monday’s mildly bullish thesis.
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Today’s Market Recap: Zinc on 21 August 2026
Zinc Price Prediction for Monday: Technical Analysis
Ankit Jaiswal’s zinc price prediction for Monday identifies Rs 403 to 404 as the immediate support, near Friday’s intraday low of Rs 403.65. A hold above Rs 403 on Monday confirms the Rs 400 recovery is solid and the zinc price prediction for Monday stays constructive. A break below Rs 403 would signal that the Rs 400 recovery is under pressure, with the key Rs 400 level itself acting as the next support in the zinc price prediction for Monday.
On the upside, resistance in the zinc price prediction for Monday stands at Rs 407.75 (Friday’s high). Kunal Singla notes a break above Rs 407.75 would represent a new multi-week high and confirm the zinc price prediction for Monday is in a new bullish phase, targeting Rs 410 to 412.
Trend for Monday 24 August 2026: Sideways to Bullish
Support: Rs 403 to 404 | Rs 400
Resistance: Rs 407.75 | Rs 410 to 412
Global Cues for Zinc Prediction for Monday
- COMEX Overnight: COMEX gold and silver levels Monday morning are the primary pre-open cue for MCX precious metals on Monday. Watch spot gold above $3,400/oz and silver above $30.50/oz.
- Iran-Strait of Hormuz: Ongoing supply risk remains the dominant crude oil and commodity driver for Monday. Any weekend escalation or resolution will be the primary opening catalyst.
- US Dollar Index: A weaker DXY heading into Monday would support precious metals and commodities across the board on Monday.
Key Events for Monday 24 August 2026
- MCX Silver Mini and Copper 24 Aug options expire Monday 24 August — elevated intraday volatility expected in early Monday trade
- COMEX levels Monday morning set the MCX precious metal opening for Monday
- Iran-Strait of Hormuz weekend news is the primary catalyst for crude oil and energy commodities on Monday
- US EIA natural gas report and OPEC+ communications over the weekend will shape the energy complex on Monday
Stocks Linked to Zinc Prediction for Monday
| Stock | 21 Aug Close (Rs) | Change | Key Level for Monday |
|---|---|---|---|
| Hindustan Zinc | 573 | +1.00% | Support: 564 | Resistance: 578 |
| Hindalco Industries | 687 | +0.75% | Support: 680 | Resistance: 695 |
| Tata Steel | 154 | +0.80% | Support: 152 | Resistance: 156 |
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Strategy for Zinc on Monday 24 August 2026
- Buy MCX Zinc near Rs 403 with stop below Rs 398 targeting Rs 407.75 in the zinc price prediction for Monday
- A break above Rs 407.75 targets Rs 410 to 412 in the zinc price prediction for Monday; Rs 400 is the ultimate floor
- Watch Hindustan Zinc equity (NSE: HINDZINC) as the lead signal for the zinc price prediction for Monday
- Check COMEX zinc overnight for global base metal sentiment confirmation in the zinc price prediction for Monday
What Does Sentiment Indicate for Zinc Prediction for Monday?
Sentiment for the zinc price prediction for Monday is the most improved it has been this week. MCX Zinc has recovered from Rs 394.75 (Tuesday) to Rs 407.10 (Friday) — a 3.1% weekly gain — and is now clearly positioned above the Rs 400 psychological level that defined the week’s low. Ankit Jaiswal notes this recovery above a key level heading into a new week creates constructive technical conditions for the zinc price prediction for Monday.
Kunal Singla observes that Hindustan Zinc’s 1.00% Friday gain and the Nifty Metal index’s 0.86% advance provide equity-side validation for the zinc price prediction for Monday. When zinc-producing equities outperform on the same day as the commodity, it signals that market participants across both cash and derivatives markets are aligned on the bullish zinc price prediction for Monday.
Risks to Zinc Prediction for Monday
- A sharp COMEX zinc decline overnight would reverse the Rs 400 recovery and weaken the zinc price prediction for Monday
- China manufacturing slowdown data over the weekend would reduce industrial zinc demand expectations in the zinc price outlook for 24 August
- A break below Rs 400 on Monday morning would signal the recovery was a false breakout in the Monday’s MCX zinc price forecast
- Broad commodity risk-off reversal would pull zinc below support in the Wednesday’s zinc price outlook
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Conclusion
the 24 August zinc price outlook, 24 August 2026, is sideways to bullish. MCX Zinc closed at Rs 407.10/kg (+1.23%) on 21 August — its second consecutive session above Rs 400. Ankit Jaiswal places support at Rs 403 and resistance at Rs 407.75.
Kunal Singla notes the Rs 400 recovery and Hindustan Zinc’s 1.00% equity gain validate the MCX zinc price forecast for Monday. Download the Univest app for live MCX zinc tracking.
Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.
Frequently Asked Questions on Zinc Prediction for Monday
What is the zinc price’s 21 August outlook, 24 August 2026?
Ans. Sideways to bullish. MCX Zinc at Rs 407.10 (+1.23%) on 21 Aug, above key Rs 400. Ankit Jaiswal places support at Rs 403 and resistance at Rs 407.75 for the zinc price outlook for 24 August.
What are key zinc levels for Monday?
Ans. Support: Rs 403 to 404 and Rs 400. Resistance: Rs 407.75 and Rs 410 to 412 in the Monday’s MCX zinc price forecast.
Is zinc above Rs 400 significant for prediction for Monday?
Ans. Yes, Rs 400 is a key psychological level. MCX Zinc closing above Rs 400 for two consecutive sessions is a technical bullish signal in the Wednesday’s zinc price outlook.
What equity stocks track zinc prediction for Monday?
Ans. Hindustan Zinc (+1.00% on 21 Aug) and Hindalco (+0.75%) are the primary zinc-linked equities for the 24 August zinc price outlook.
What is the zinc trading strategy for Monday?
Ans. Buy near Rs 403 with stop below Rs 398 targeting Rs 407.75 in the MCX zinc price forecast for Monday. A break above Rs 407.75 targets Rs 410 to 412.
