Zinc futures are currently priced at approximately ₹295 per kg, reflecting a gain of 1.6 percent over the past week. Earlier this month, the contract reached a peak of ₹300.10 before experiencing a slight correction.
The broader trend for zinc remains bullish, with the recent uptick supported by the ₹290 level, coinciding with the 21-day moving average. This chart pattern suggests that zinc futures have resumed their upward trajectory after a brief setback. Analysts predict that the contract could exceed the previous high of ₹300.10 and potentially rise to ₹315.
Conversely, should zinc futures decline and drop below the ₹290 support level, the downtrend may extend to the ₹278-280 range, where additional support is anticipated. A breach of the ₹278 level would shift the market outlook to bearish.
Despite potential fluctuations, the current scenario indicates a strong probability for a rally in zinc prices.
Trade Strategy
Investors are advised to maintain their buy position on zinc futures initiated at ₹290 a couple of weeks ago. A stop-loss should be retained at ₹275. Should the contract surpass ₹300, it is recommended to adjust the stop-loss to ₹288. If the price rallies to ₹308, the stop-loss can be further adjusted to ₹298. Profit-taking is suggested at the ₹315 mark.
Published on October 22, 2025.
