Zinc futures is currently trading at ₹322. It lacks momentum and has been trading in a range for over a month i.e., between ₹317 and ₹332.
Therefore, until either of these levels is breached, we cannot be certain about the path of the next leg of trend.Â
That said, the broader trend has been bullish and zinc futures has trendline support at around ₹320. Therefore, the price band of ₹317-320 is a good support.
A rebound from this region can lift the contract to ₹328 and ₹332. A break-out of the latter can open the door for another rally, possibly to ₹340.
On the other hand, if zinc futures breaches the support at ₹317, the near-term outlook can turn weak, potentially leading to a fall to ₹310. The downswing might even extend to ₹300.
Overall, there is no clarity with respect to the outlook at the moment. But since the broader trend remains positive and there is support ahead, traders can consider buying at lower prices from the current level.Â
Trade strategy
Stay out for now. Buy zinc futures if it dips to ₹319. Target and stop-loss can be ₹330 and ₹315, respectively.
Published on March 16, 2026
