Zinc Price Prediction for Tomorrow: MCX Levels and Outlook for 21 August 2026

The zinc price prediction for tomorrow follows a 0.81% gain on 20 August where MCX Zinc recovered above the key Rs 400 level. The 31 August futures contract opened at Rs 400.10, touched Rs 402.45, then sold to a low of Rs 398.00, settling at Rs 402.45. Ankit Jaiswal, Research Analyst at Univest, notes that the Rs 400 breach shifts the zinc price prediction for tomorrow to cautiously bearish.

Kunal Singla, Research Analyst at Univest, observes that the zinc price prediction for tomorrow 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 tomorrow, 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 20 August 2026

• MCX Zinc (31 Aug): Settled at Rs 402.45/kg (+0.81%), reclaiming the key Rs 400 psychological floor. Intraday range Rs 398.00 to Rs 402.45.
• MCX Zinc (Sep): Closed at Rs 390.45 (-0.72%), providing a near-term directional anchor for the zinc price prediction for tomorrow.
• Nifty Metal: Fell +0.28% on 20 August, confirming broad base metal weakness that shaped the zinc price prediction for tomorrow.

Zinc Price Prediction for Tomorrow: Technical Analysis

Ankit Jaiswal's zinc price prediction for tomorrow identifies Rs 398 to 400 as the new immediate support, near today's low of Rs 398.00. A hold above Rs 398 to 400 keeps the zinc price prediction for tomorrow sideways to bearish. A break below targets Rs 395 (Sep contract level).

Rs 406 to 406 now acts as resistance in the zinc price prediction for tomorrow (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 tomorrow. RSI at 45 confirms weakening momentum.

Trend for 21 August 2026: Sideways to Bearish (Rs 400 Psychological Support Broken)
Support: 397 | 393
Resistance: 400 to 401 | 403

Global Cues for Zinc Price Prediction for Tomorrow

• US Markets (latest available 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 (latest available, 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 21 August 2026

• Crude Oil Sep contract now the active reference after Aug expired on 19 Aug; elevated Iran-Hormuz supply risk continues to support oil prices
• MCX commodity options expiry on 24 August adds near-term volatility across all contracts
• US EIA natural gas storage report (weekly) remains the primary fundamental driver for natural gas
• Friday (21 August) is the last trading day of the week; end-of-week positioning may add mild volatility to commodity markets

Stocks Linked to Zinc Price Prediction for Tomorrow

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 20 Aug 2026

• Hold long positions above Rs 398 to 400 with stop below Rs 394 for the zinc price prediction for tomorrow
• A recovery above Rs 401 in the zinc price prediction for tomorrow signals a false break at Rs 400; target Rs 406 to Rs 406
• Monitor Hindustan Zinc equity above Rs 555; stabilisation here confirms zinc price prediction for tomorrow support is holding
• Avoid adding new long positions below Rs 398 to 400 until confirmed bounce in the zinc price prediction for tomorrow

What Does Sentiment Indicate for Zinc Price Prediction for Tomorrow?

Sentiment for the zinc price prediction for tomorrow is cautiously bearish after the Rs 400 support was broken on 20 August. Ankit Jaiswal notes that Rs 400 had been a multi-session floor and the breach shifts the zinc price prediction for tomorrow to defensive. The key watch is whether Rs 398 to 400 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 tomorrow. As long as Hindustan Zinc equity holds above Rs 555, the zinc price outlook for 21 August does not turn outright bearish. China PMI data is the swing factor for tomorrow's MCX zinc price forecast on 20 August.

Risks to Friday's zinc price outlook

• A break below Rs 398 to 400 would confirm the 20 August zinc price outlook is heading toward Rs 395
• Weak Chinese manufacturing PMI data overnight would accelerate the MCX zinc price forecast for tomorrow decline
• MCX options expiry on 24 August with large Rs 400 open interest may create technical overhang in the zinc price's 21 August outlook
• A stronger US dollar overnight would compress zinc MCX prices in the zinc price outlook for 21 August

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Conclusion

Tomorrow's MCX zinc price forecast, 21 August 2026, is sideways to bearish after MCX Zinc closed at Rs 402.45/kg (+0.81%), recovering above the Rs 400 psychological support. Ankit Jaiswal places immediate support at Rs 398 to 400 and resistance at Rs 406 to 406 for Friday's zinc price outlook.

Monitor Hindustan Zinc equity and China PMI for the 20 August zinc price outlook 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 MCX zinc price forecast for tomorrow, 21 August 2026?

Ans. The zinc price's 21 August outlook is sideways to bearish. MCX Zinc closed at Rs 402.45/kg (+0.81%) on 20 August, breaking below Rs 400 psychological support. Support at Rs 398 to 400, resistance at Rs 406 to 406.

Why did zinc recovery above Rs 400 on 20 August?

Ans. MCX Zinc rose 0.81% due to broader base metal weakness (Nifty Metal +0.28%) and profit-taking after two days of gains. Kunal Singla notes the Rs 400 level has now converted to resistance in the zinc price outlook for 21 August.

What are MCX zinc support levels for 21 August 2026?

Ans. Tomorrow's MCX zinc price forecast places immediate support at Rs 398 to 400 (near today's low Rs 398.00) and strong support at Rs 395 (Sep contract). Resistance is at Rs 406 to 406 and Rs 406.

How does Hindustan Zinc equity affect Friday's zinc price outlook?

Ans. Hindustan Zinc equity is the primary MCX zinc proxy. Stabilisation above Rs 555 confirms buyer interest and improves the 20 August zinc price outlook outlook. Kunal Singla uses it as a leading indicator for the MCX zinc price forecast for tomorrow direction.

What is the zinc trading strategy for 21 August 2026?

Ans. For the zinc price's 21 August outlook, Ankit Jaiswal recommends holding longs above Rs 398 to 400 with stop below Rs 394. A recovery above Rs 401 targets Rs 406. Avoid new longs below Rs 398 to 400 in the zinc price outlook for 21 August.