Zinc futures, currently trading at about ₹295 (per kg), gained 1.6 per cent last week. Notably, early this month, the contract registered a high of ₹300.10 before moderating.

That said, the broader trend remains bullish and the recent bounce occurred on the back of the support at ₹290, where the 21-day moving average coincides.

Overall, the chart indicates that zinc futures have resumed the uptrend after witnessing a temporary blip. From the current level, the contract can surpass the prior peak at ₹300.10 and rise to ₹315.

On the other hand, if zinc futures decline from the current level and slips below the support at ₹290, the downswing can extend to ₹278-280 price band, which is a potential support. A breach of ₹278 will turn the outlook bearish for the contract.

Nevertheless, at th

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