Market Expert Gaurav Sharma Suggest Investment Strategy For 4th August | Key Support Level For Nifty

Market sentiment remains cautious as global weakness and the rising dollar index weigh on investor confidence. Since the announcement of tariffs, the Indian rupee has depreciated by nearly 90 paise, raising concerns about further currency pressure. Analyst Gaurav Sharma believes that if this trend continues, it could trigger more selling in the equity markets. Immediate support levels are seen around 24,450, with the possibility of a further decline towards 24,200 in the coming sessions. The outlook for the upcoming week will also depend on key events, corporate developments, and global cues. With red screens across major markets, experts anticipate heightened volatility and expect the pressure to play out in the early part of next week, especially in the first two trading sessions.