Zinc material,raw
| Photo Credit:
bagi1998
Zinc futures remained volatile last month, witnessing price swings on both sides. It ended last year at ₹307.65 (per kg), gaining a little over 10 per cent. Currently it is trading at ₹307.
The weekly chart for January futures shows that over the last one month, despite seeing higher volatility, zinc futures largely stayed between ₹300 and ₹320. It is likely to trade within these levels in the short term.
That said, as it is now trading near the bottom of the ₹300-320 range, there is a chance for the contract to see a rally to ₹320. Also, a trendline support coincides at ₹300, making it a good base.
On the other hand, if the contract breaches the support at ₹300, the near-term outlook can turn bearish. A fall below ₹300 can drag zinc futures deeper, probably to ₹280.
Trade strategy
Go long on zinc futures (January) if the price softens to ₹303. Target and stop-loss can be ₹315 and ₹298 respectively.
Published on January 1, 2026
