Zinc futures has been in a long-term uptrend. After seeing some sideways movement recently, the contract has regained traction and moved above key price levels over the last week.The September contract, now trading at ₹415/kg, surpassed the resistance at ₹395 last week. The price action shows strong upward momentum and there are no signs of the bulls weakening. Therefore, the likelihood of further rally is high.That said, there could be minor moderation in price, possibly to ₹400 before the September futures witness another leg of rally.A fresh uptick, either from the current level of ₹415 or after a dip to ₹400, can lift zinc futures (Sep) to ₹440. A breach of this can take the contract to ₹450.Instead, if the contract slips below the support at ₹400, it can extend the downswing to the ₹390-395 support band where the 21-day moving average currently lies. Only a breach of these levels can turn the outlook bearish.Trade strategyBuy zinc futures (Sep) if the price dips to ₹400. Place stop-loss at ₹388. When the contract rises to ₹425, tighten the stop-loss to ₹415. Book profits at ₹440.Published on August 27, 2026