Zinc Price Prediction for Tomorrow: MCX Levels and Outlook for Monday 24 August 2026

The zinc price prediction for Monday follows a +1.23% decline on 18 August where MCX Zinc broke below the key Rs 400 level. The 31 August futures contract opened at Rs 403.65, touched Rs 407.75, then sold to a low of Rs 403.65, settling at Rs 407.10. Ankit Jaiswal, Research Analyst at Univest, notes that the Rs 400 breach shifts the zinc price prediction for Monday to cautiously bearish.

Kunal Singla, Research Analyst at Univest, observes that the zinc price prediction for Monday will be sensitive to China manufacturing PMI data overnight, as China is the world's largest zinc consumer. The MCX September zinc contract at Rs 390.45 provides a near-term anchor for the zinc price prediction for Monday, suggesting the market expects zinc to settle in the Rs 390 to 400 range near-term.

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Today's Market Recap: Zinc on 21 August 2026

• MCX Zinc (31 Aug): Settled at Rs 407.10/kg (+1.23%), breaking below the key Rs 400 psychological floor. Intraday range Rs 403.65 to Rs 407.75.
• MCX Zinc (Sep): Closed at Rs 390.45 (-0.72%), providing a near-term directional anchor for the zinc price prediction for Monday.
• Nifty Metal: Fell +0.86% on 21 August, confirming broad base metal weakness that shaped the zinc price prediction for Monday.

Zinc Price Prediction for Monday: Technical Analysis

Ankit Jaiswal's zinc price prediction for Monday identifies Rs 397 as the new immediate support, near today's low of Rs 403.65. A hold above Rs 397 keeps the zinc price prediction for Monday sideways to bearish. A break below targets Rs 393 (Sep contract level).

Rs 400 to 401 now acts as resistance in the zinc price prediction for Monday (previous support turned resistance). Kunal Singla notes a recovery above Rs 401 would signal a false break and restore the sideways bias in the zinc price prediction for Monday. RSI at 45 confirms weakening momentum.

Trend for 24 August 2026 (Monday): Sideways to Bearish (Rs 400 Psychological Support Broken)
Support: 397 | 393
Resistance: 400-401 | 403

Global Cues for Zinc Price Prediction for Monday

• US Markets (14 Aug close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
• Asian Markets: Japan's Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
• Institutional Flows (14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.

Key Events for 24 August 2026 (Monday)

• MCX Silver Mini 24 Aug options expire on Monday 24 August — Silver traders must roll to September contracts before market open on Monday
• MCX Copper and Natural Gas 24 Aug options also expire on Monday 24 August — significant rollover activity expected across base metals
• US EIA natural gas storage report (weekly) remains the primary fundamental driver for natural gas price predictions for Monday
• Weekend geopolitical developments (Iran-Strait of Hormuz) and global commodity sentiment will shape the Monday 24 August commodity market opening

Stocks Linked to Zinc Price Prediction for Monday

Name	CMP (Rs)	Day Change	Key Level for Tomorrow
Hindustan Zinc	565	-0.50%	Support: 555 | Resistance: 575
Hindalco	670	-0.60%	Support: 660 | Resistance: 685
JSW Steel	940	-0.50%	Support: 928 | Resistance: 955

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Trading Strategy for Zinc on Monday 24 August 2026

• Hold long positions above Rs 397 with stop below Rs 394 for the zinc price prediction for Monday
• A recovery above Rs 401 in the zinc price prediction for Monday signals a false break at Rs 400; target Rs 403 to Rs 406
• Monitor Hindustan Zinc equity above Rs 555; stabilisation here confirms zinc price prediction for Monday support is holding
• Avoid adding new long positions below Rs 397 until confirmed bounce in the zinc price prediction for Monday

What Does Sentiment Indicate for Zinc Price Prediction for Monday?

Sentiment for the zinc price prediction for Monday is cautiously bearish after the Rs 400 support was broken on 21 August. Ankit Jaiswal notes that Rs 400 had been a multi-session floor and the breach shifts the zinc price prediction for Monday to defensive. The key watch is whether Rs 397 holds as the new support.

Kunal Singla observes that the September zinc contract at Rs 390.45 provides a near-term directional anchor for the zinc price prediction for Monday. As long as Hindustan Zinc equity holds above Rs 555, the zinc price prediction for Monday does not turn outright bearish. China PMI data is the swing factor for the zinc price prediction for Monday on 21 August.

Risks to Zinc Price Prediction for Monday

• A break below Rs 397 would confirm the zinc price prediction for Monday is heading toward Rs 393
• Weak Chinese manufacturing PMI data overnight would accelerate the zinc price prediction for Monday decline
• MCX options expiry on 24 August with large Rs 400 open interest may create technical overhang in the zinc price prediction for Monday
• A stronger US dollar overnight would compress zinc MCX prices in the zinc price prediction for Monday

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Conclusion

The zinc price prediction for Monday, Monday 24 August 2026, is sideways to bearish after MCX Zinc closed at Rs 407.10/kg (+1.23%), breaking below the Rs 400 psychological support. Ankit Jaiswal places immediate support at Rs 397 and resistance at Rs 400 to 401 for the zinc price outlook for 21 August.

Monitor Hindustan Zinc equity and China PMI for the Monday's MCX zinc price forecast direction. Download the Univest app for live MCX zinc prices and expert research.

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

What is the Wednesday's zinc price outlook, Monday 24 August 2026?

Ans. the 21 August zinc price outlook is sideways to bearish. MCX Zinc closed at Rs 407.10/kg (+1.23%) on 21 August, breaking below Rs 400 psychological support. Support at Rs 397, resistance at Rs 400 to 401.

Why did zinc break below Rs 400 on 18 August?

Ans. MCX Zinc fell +1.23% due to broader base metal weakness (Nifty Metal +0.86%) and profit-taking after two days of gains. Kunal Singla notes the Rs 400 level has now converted to resistance in the MCX zinc price forecast for Monday.

What are MCX zinc support levels for Monday 24 August 2026?

Ans. The zinc price's 21 August outlook places immediate support at Rs 397 (near today's low Rs 403.65) and strong support at Rs 393 (Sep contract). Resistance is at Rs 400 to 401 and Rs 403.

How does Hindustan Zinc equity affect the zinc price outlook for 21 August?

Ans. Hindustan Zinc equity is the primary MCX zinc proxy. Stabilisation above Rs 555 confirms buyer interest and improves the Monday's MCX zinc price forecast outlook. Kunal Singla uses it as a leading indicator for the Wednesday's zinc price outlook direction.

What is the zinc trading strategy for Monday 24 August 2026?

Ans. For the 21 August zinc price outlook, Ankit Jaiswal recommends holding longs above Rs 397 with stop below Rs 394. A recovery above Rs 401 targets Rs 403. Avoid new longs below Rs 397 in the MCX zinc price forecast for Monday.