The overall market sentiment is neutral to bearish till budget. This is expected behavior before every year Budget day. Traders and investors can setup a short straddle or ratio spread to handle volatility in the market. Market may consolidate or move slowly on Friday as majority of positions are build up for next weeks session.

Traders should be cautious of taking any bullish trader as NIFTY or BANKNIFTY opens gap down or flat, then market can see selling pressure for another day as the level(41650 in NIFTY BANK and 17870 in NIFTY) will not be defended for sharp selling.

Trade with proper risk management. Learn about risk management here.