Zinc Price Prediction for Monday, 10 August 2026: MCX Zinc at Rs 391.20 After Profit Booking From COMEX 4-Year Highs While Hindustan Zinc Equity Surges 2.20 Percent

The zinc price prediction for Monday on Monday 10 August 2026 is shaped by Friday's session where Nifty 50 closed at 24,570.65 (down 65 points, -0.27%), Sensex fell 455 points to 78,499.17 and Bank Nifty lost 317 points to 57,746.45. The session's defining paradox: SBI Q1 FY27 beat strongly (PAT +10.23%, NIM recovered to exactly 3 percent, GNPA at a two-decade low of 1.47 percent) but Bajaj Finance crashed 5.84 percent and ICICI Bank fell 2.5 percent, dragging the financial sector. The top performers were Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent led by TCS +3.36 percent) and MCX Gold (+1.40 percent) and MCX Silver (+3.19 percent). The primary catalyst for the zinc price prediction for Monday is the US Non-Farm Payrolls for July 2026, released at 6 PM IST today after Indian market close, which will determine Monday's opening gap direction. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete zinc price prediction for Monday.

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Friday's Data Behind the zinc price prediction for Monday

Indicator	Friday 7 Aug Close (Groww Confirmed)	Change
Nifty 50	24,570.65	-65.35 pts (-0.27%)
Sensex	78,499.17	-455.59 pts (-0.58%)
Bank Nifty	57,746.45	-317.20 pts (-0.55%)
Nifty Auto	29,646.95	+1.83%; top sectoral gainer
Nifty IT	31,547.70	+1.42%; TCS +3.36%, HCL +1.62%, Infosys +0.87%
Nifty PSU Bank	8,786.20	+0.65%; SBI +1.12% on Q1 FY27 beat
Nifty Metal	13,189.85	+0.50%; Hindustan Zinc +2.20%
Nifty Private Bank	27,392.35	-1.04%; ICICI -2.50%, Axis -1.43%
SBI Q1 FY27	Rs 1,097.20 (+1.12%)	PAT Rs 21,121 cr (+10.23%); NIM 3.0%; GNPA 1.47% (2-decade low). High: Rs 1,124.5
Bajaj Finance	Rs 1,078 (-5.84%)	Biggest Nifty 50 loser; dragged Fin Services sector
MCX Gold (Aug Fut)	Rs 1,49,703/10g (+1.40%)	Strong surge; safe-haven demand
MCX Silver (Mini Aug)	Rs 2,34,741/kg (+3.19%)	Outperformed gold; industrial + safe-haven combined
MCX Crude Oil (Aug)	Rs 7,356/bbl (-0.28%)	Slight dip; Iran deal uncertainty continues
India VIX	12.16	Unchanged from previous close
US NFP (July 2026)	Released 6 PM IST today	Primary weekend catalyst for Monday gap direction

SBI Q1 FY27 and Bajaj Finance: Two Opposite Forces Behind the zinc price prediction for Monday

Friday's session presented two contradictory catalysts for the zinc price prediction for Monday. SBI delivered its strongest quarterly result in recent memory: PAT up 10.23 percent to Rs 21,121 crore, NIM recovered to exactly 3 percent from Q4 FY26's 2.93 percent and GNPA fell to 1.47 percent, a two-decade low. SBI surged to Rs 1,124.5 intraday before closing at Rs 1,097.20 (+1.12 percent). Simultaneously, Bajaj Finance crashed 5.84 percent to Rs 1,078, the biggest Nifty 50 loser, dragging the financial services sector. Ankit Jaiswal notes that the zinc price prediction for Monday is shaped by which of these two forces dominates on Monday: SBI's confirmed earnings strength or Bajaj Finance's Q1 result-related concerns spilling into the broader NBFC sector.

Technical Levels for the zinc price prediction for Monday

Level Type	Zone
Immediate Support	Rs 384-388
Key Support	Rs 376-380
Immediate Resistance	Rs 396-400
Key Resistance	Rs 406-412

Kunal Singla observes that India VIX closed Friday at 12.16, unchanged from Thursday's close. Stable VIX at 12-13 despite the broader market fall is structurally positive for the zinc price prediction for Monday: it means option sellers are not panicking and the August monthly series maintains a defined range. The zinc price prediction for Monday's support at Rs 384-388 is the immediate floor heading into Monday.

US NFP: The zinc price prediction for Monday Primary Weekend Variable

US Non-Farm Payrolls for July 2026 releases at 6 PM IST today. A healthy NFP (175,000-230,000 range) supports a Monday gap-up in this outlook as Dow Jones rises and FII risk-on flows return to India on Monday morning. A weak NFP below 130,000 raises US recession concerns and creates a Monday gap-down in this outlook. Ankit Jaiswal recommends checking GIFT Nifty at 9 AM Monday before making any zinc price prediction for Monday position decisions.

Key Factors for the zinc price prediction for Monday

• MCX Zinc slipping 0.92 percent to Rs 391.20 on Friday while Hindustan Zinc equity rose 2.20 percent to Rs 603 creates an interesting divergence for the zinc price prediction for Monday: equity markets are pricing in the structural supply deficit (COMEX near 4-year highs) while MCX saw profit booking.
• The supply deficit from Chinese smelter maintenance cuts (Zhuzhou -1,200 tonnes monthly) and Glencore's year-on-year production decline remains fully intact, providing structural support for the zinc price prediction for Monday independent of Friday's profit booking.
• Nifty Metal gained 0.50 percent on Friday with Hindustan Zinc leading at +2.20 percent, confirming institutional conviction in this outlook through equity proxies even as MCX zinc saw mild correction.
• US NFP at 6 PM IST today is the zinc price prediction for Monday's macro catalyst. Strong NFP above 175,000 confirms US galvanised steel demand for construction and auto, directly supporting zinc in this outlook.

Stocks to Watch for the zinc price prediction for Monday

Univest analysts flag the following stocks for educational observation in this outlook on Monday. These are not buy or sell recommendations.

Hindustan Zinc: CMP Rs 603 (+2.20% Fri). Ankit Jaiswal flags entry Rs 596-601, target Rs 622, SL Rs 584. Hindustan Zinc is the direct COMEX zinc supply deficit beneficiary in India and gained 2.20 percent on Friday. Rs 596-601 is the accumulation zone for the zinc price prediction for Monday.

Tata Steel: CMP Rs 187.55 (-0.92% Fri). Kunal Singla flags entry Rs 185-187, target Rs 194, SL Rs 180. Tata Steel uses zinc for galvanised steel production. Zinc supply stabilisation at elevated levels supports Tata Steel margins in this outlook.

Hindalco: CMP Rs 755 est.. Ankit Jaiswal flags entry Rs 748-753, target Rs 778, SL Rs 732. Hindalco participates in the broader base metals complex and benefits from the same supply deficit dynamics supporting the zinc price prediction for Monday.

Screen All Stocks for the zinc price prediction for Monday on Univest

Trading Strategy for the zinc price prediction for Monday

1. Rs 384-388 is the buy-on-dip zone for the zinc price prediction for Monday. Ankit Jaiswal recommends entry near this support on any further Monday morning correction.
2. Rs 396-400 is the first resistance in this outlook. Kunal Singla recommends booking 50 percent here.
3. Watch Hindustan Zinc above Rs 600 on Monday open as the zinc price prediction for Monday equity confirmation signal. Hindustan Zinc holding Rs 600+ confirms the supply deficit bull case.
4. Strong NFP with US construction spending data would provide the zinc price prediction for Monday with its strongest bull catalyst heading into the week.

Risks to the zinc price prediction for Monday

• Chinese smelter maintenance ending early reducing the zinc supply deficit in this outlook.
• Weak NFP reducing US construction and auto demand outlook in this outlook.
• Dollar strengthening compressing COMEX Zinc and cascading into MCX in this outlook.

Conclusion

The zinc price prediction for Monday on Monday 10 August 2026 is built on Friday's close of Rs 391.20 per kg (MCX Zinc Aug Fut) (-Rs 3.65 (-0.92%)), from a session where Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent) and MCX precious metals (Gold +1.40 percent, Silver +3.19 percent) were the week's bright spots while Bajaj Finance (-5.84 percent) and ICICI Bank (-2.5 percent) created financial sector drag. Ankit Jaiswal of Univest identifies Rs 396-400 as the primary resistance and Rs 384-388 as the critical support for the zinc price prediction for Monday. The US NFP at 6 PM IST today is the primary variable: monitor GIFT Nifty Sunday evening and at 9 AM Monday before positioning for the zinc price prediction for Monday.

Kunal Singla of Univest notes that the zinc price prediction for Monday has a dual structure for Monday: the recovery case (IT and Auto momentum continues, SBI Q1 beat sustains, NFP healthy) and the continuation decline case (Bajaj Finance concerns spread to NBFCs, private banks extend selling, weak NFP). The zinc price prediction for Monday's support zone at Rs 384-388 is the line between these two scenarios on Monday.

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FAQs on Zinc Price Prediction For Monday, 10 August 2026

What is the zinc price prediction for Monday, 10 August 2026?

Ans. The zinc price prediction for Monday is neutral to positive. MCX Zinc eased 0.92 percent to Rs 391.20 per kg on Friday as profit booking occurred from COMEX 4-year highs. However, Hindustan Zinc equity surged 2.20 percent, confirming the structural supply deficit thesis. Support is Rs 384-388 and resistance is Rs 396-400 in the zinc price prediction for Monday.

Why did MCX Zinc fall while Hindustan Zinc stock rose on Friday?

Ans. This divergence reflects the equity market pricing in the long-term structural supply deficit (driving Hindustan Zinc +2.20 percent) while MCX saw short-term profit booking from recent highs. For the zinc price prediction for Monday, the equity market's bullish signal is the more reliable forward indicator.

Which analysts prepared the zinc price prediction for Monday?

Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the zinc price prediction for Monday using Groww-confirmed MCX Zinc data of Rs 391.20 per kg.

What is MCX Zinc support and resistance for the zinc price prediction for Monday?

Ans. Support is Rs 384-388 and Rs 376-380. Resistance is Rs 396-400 and Rs 406-412 in the zinc price prediction for Monday.

How does Hindustan Zinc relate to the zinc price prediction for Monday?

Ans. Hindustan Zinc at Rs 603 (+2.20 percent Friday) is the primary equity expression of the zinc price prediction for Monday and the most reliable leading indicator for zinc price direction on Monday morning.