Black Monday on Dalal Street,How to trade NF and BNF on RBI day

• FIIs sold 17978 contracts of Index Future  worth 567  cores (2662 Longs were squared   and 15316 shorts were added ) with net Open Interest increasing by 12654 contracts, so FII's exited partial longs and added aggressive  shorts.For the month of Jan FII has almost 106829 contract of shorts so any good news on RBI front and Fed can lead to short covering by FII's.
  

It was Black Monday on Dalal Street with Nifty crashing most in 5 months, Nifty did a failed breakout, and Global Sell off lead to big gap down opening in Nifty. As seen

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