Nifty Metal Prediction for Tomorrow, Tuesday 4 August 2026: Index at 9,315 Rises as Zinc Hits 4-Year High and Dollar Weakens

The Nifty Metal prediction for tomorrow for Tuesday 4 August 2026 is shaped by a historic macro event on Monday: US President Trump confirmed Iran-US peace negotiations, sending Brent crude crashing over 6 percent to $82 and lifting Nifty 50 by 228 points or 0.94 percent to 24,611.50, its first close above 24,600 in six weeks. Nifty Metal gained 1.22 percent Monday as the metals sector benefited from a triple tailwind: COMEX Zinc hitting a 4-year high at $3,674.50 per tonne from Chinese supply cuts; Hindalco advancing on copper and aluminium price gains from dollar weakness; and Tata Steel benefiting from the broader risk-on environment and lower coal input costs as crude fell. The Nifty Metal prediction for tomorrow is supported by the structural supply deficit in zinc, the China demand recovery narrative for copper and steel, and the weaker dollar reducing dollar-denominated metal costs for Indian importers. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the full Nifty Metal prediction for tomorrow covering technical levels, key triggers and three stocks to watch.

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Monday Session Data Behind the Nifty Metal Prediction For Tomorrow

Indicator	Monday	Change
Nifty Metal	9,315	+1.22%
Day Range	9,188-9,368	Session high/low
Nifty 50	24,611.50	+228 pts (+0.94%)
Bank Nifty	57,507.80	+531 pts (+0.93%)
India VIX	11.55	-4.9% (multi-month low)
FII Cash (provisional)	+Rs 918 Cr	Net Buyers

Technical Levels for the Nifty Metal Prediction For Tomorrow

Level	Zone
Immediate Support	9,200
Support 2	9,050-9,100
Strong Support	8,850-8,900 (50 DMA)
Immediate Resistance	9,400-9,450
Key Resistance	9,600-9,700

Ankit Jaiswal notes that the Nifty Metal prediction for tomorrow rests on the immediate support at 9,200 holding during Tuesday's session. Monday's close near the session high for most assets confirms buyers were in control into the 3:30 PM bell, a strong quality signal for the Nifty Metal prediction for tomorrow. Kunal Singla adds that India VIX at 11.55, its lowest in several months, reduces the probability of a large gap-down reversal, providing a constructive technical environment for the Nifty Metal prediction for tomorrow.

Key Factors for the Nifty Metal Prediction For Tomorrow

• COMEX Zinc at a 4-year high of $3,674.50 per tonne from Chinese smelter cuts is the standout catalyst for Hindustan Zinc and the Nifty Metal prediction for tomorrow overall.
• Falling crude reduces coking coal and energy costs for steel producers, improving EBITDA per tonne and supporting Tata Steel and JSW Steel in the Nifty Metal prediction for tomorrow.
• Dollar weakness from Iran peace talks makes dollar-denominated metals cheaper for Asian buyers, supporting Chinese and Indian demand and providing a broad tailwind for the Nifty Metal prediction for tomorrow.

Stocks to Watch in the Nifty Metal Prediction For Tomorrow

Univest analysts have flagged three stocks for educational observation in the Nifty Metal prediction for tomorrow. These are not buy recommendations.

1. Hindalco: Trading near Rs 745 on Monday. Ankit Jaiswal flags entry zone Rs 736-743, target Rs 772, stop loss Rs 722. Hindalco is the largest Nifty Metal constituent. Its aluminium and copper exposure benefits from dollar weakness and is the primary upside driver in the Nifty Metal prediction for tomorrow.

2. Tata Steel: Trading near Rs 170 on Monday. Kunal Singla flags entry zone Rs 167-169, target Rs 178, stop loss Rs 163. Tata Steel benefits from lower coking coal input costs from crude's fall and the broader metals sector upswing in the Nifty Metal prediction for tomorrow.

3. Hindustan Zinc: Trading near Rs 522 on Monday. Ankit Jaiswal flags entry zone Rs 515-520, target Rs 548, stop loss Rs 505. Hindustan Zinc is the direct beneficiary of COMEX Zinc at a 4-year high, making it the highest-conviction individual play in the Nifty Metal prediction for tomorrow.

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Nifty Metal Prediction For Tomorrow: Trading Strategy

1. 9,200 is the primary support for the Nifty Metal prediction for tomorrow.
2. 9,400-9,450 is the immediate resistance for the Nifty Metal prediction for tomorrow. Ankit Jaiswal recommends booking 50 percent here.
3. Track Hindalco and Hindustan Zinc open prices for the first directional signal on the Nifty Metal prediction for tomorrow.
4. Monitor Chinese manufacturing PMI Tuesday for the demand signal most relevant to the Nifty Metal prediction for tomorrow.

Risks to the Nifty Metal Prediction For Tomorrow

• China weak manufacturing data reducing metal demand and revising the Nifty Metal prediction for tomorrow lower.
• Dollar recovery reducing the forex tailwind for metals in the Nifty Metal prediction for tomorrow.
• Chinese smelter maintenance ending early easing zinc supply and capping the Nifty Metal prediction for tomorrow.

Conclusion

The Nifty Metal prediction for tomorrow for Tuesday 4 August 2026 shows +1.22% to 9,315 on Monday, with India VIX at a multi-month low of 11.55 and FII returning to net buying at Rs 918 crore. Ankit Jaiswal of Univest identifies 9,400-9,450 as the key resistance for the Nifty Metal prediction for tomorrow while Kunal Singla considers 9,200 the most important support to watch Tuesday. Check GIFT Nifty at 9 AM IST, monitor Iran diplomatic updates overnight, and track Bharti Airtel and ONGC Q1 FY27 results in the first hour as the three most critical real-time inputs for the Nifty Metal prediction for tomorrow.

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FAQs on Nifty Metal Prediction For Tomorrow

What is the Nifty Metal prediction for tomorrow, Tuesday 4 August 2026?

Ans. The Nifty Metal prediction for tomorrow is bullish. Nifty Metal closed Monday at 9,315, up 1.22 percent, driven by COMEX Zinc at a 4-year high, dollar weakness and lower energy costs. Support is 9,200 and resistance 9,400-9,450 in the Nifty Metal prediction for tomorrow.

Which analysts prepared the Nifty Metal prediction for tomorrow?

Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the Nifty Metal prediction for tomorrow.

Why is zinc the key driver in the Nifty Metal prediction for tomorrow?

Ans. COMEX Zinc hit a 4-year high at $3,674.50 per tonne driven by Chinese mine and smelter production cuts creating a structural supply deficit. Hindustan Zinc, India's only integrated zinc producer, is the direct beneficiary in the Nifty Metal prediction for tomorrow.

What is Nifty Metal support and resistance for the prediction for tomorrow?

Ans. Support is 9,200 and 9,050-9,100. The 50 DMA at 8,850-8,900 is the medium-term floor. Resistance is 9,400-9,450 and 9,600-9,700 in the Nifty Metal prediction for tomorrow.

What stocks are watched in the Nifty Metal prediction for tomorrow?

Ans. Hindalco (largest constituent, aluminium and copper), Tata Steel (lower energy costs) and Hindustan Zinc (direct COMEX Zinc beneficiary at 4-year high) are the three stocks in the Nifty Metal prediction for tomorrow.