Archive · 4 Aug 2025
Zinc Futures: Potential Bottom Out and Uptrend Expected
Zinc futures, which is a type of contract for buying and selling zinc, went down a little last week.
Right now, the price is around ₹263.
Experts think it might go up soon.
If it does, the price could go up to ₹272 or even ₹278.
But, if the price falls below ₹260, it might go down further.
Investors are advised to hold their current positions, with a plan to adjust their stop-loss as the price changes.
Zinc futures depreciated 2.2% last week, closing at ₹262/kg on Friday.
The current price is hovering around ₹263.
Important support levels are at ₹262 and ₹260.
A rally could take zinc futures to ₹272, with a potential breakout to ₹278.
If the contract breaches ₹260, it could decline to ₹254, with further supports at ₹246 and ₹243.
- Who
- Financial analysts
- What
- Zinc futures price analysis and trade recommendations.
- When
- Published on August 4, 2025.
- Where
- N/A
- Why
- To inform traders about potential price movements and trading strategies.
Bulls
Bears
Price movement direction
Bulls
Expecting a rally from the current level.
Bears
If support breaks at ₹260, the price could decline.
- Current Price
- ₹263
- Last Week's Depreciation
- 2.2%
- Closing Price (Friday)
- ₹262/kg
- Key Support Levels
- ₹262, ₹260
- Potential Resistance
- ₹272, ₹278
- Stop-loss
- ₹259 initially