Nifty was down by 101 points at 11244 and the sensex was down by 356 points at 37165.Global trade wars seem to be escalating, especially between USA and China. USA might put additional duty on Chinese imports. The markets seem going back to a protectionist world and globalisation has taken a back seat. The markets were up throughout July because of good corporate results. So, the markets went very high. Sometimes a Bull fatigue sets in,may be that is why markets are reacting. It is difficult to say which way markets will move in the long run. It seemed markets had improved, if you see the whole of last week. But now, it is reacting to lower levels. The trading has become range bound. ie profits are booked when shares go up, and bought back at lower rates, when stocks come down.

One has to be very careful and not overtrade.