How to trade Nifty on RBI policy day

We have RBI policy tomorrow and as a caution i would advise traders specially Intraday take traders after the policy is announced, Volatility is always on cards before RBI comes out with decision and many traders will get whipsawed in the volatility. Best is to avoid trade.
1. FIIs  bought 2221 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 64.59 cores with net Open Interest decreasing by 779 contracts.
2. As CNX Nifty Future was down by 25 points with Open Interest in Index Futures reducing by 779, so FIIs have booked shorts  in  Nifty and Bank Nifty Futures.Nifty showing directionless movement in today’s...

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