Nifty and Banknifty Daily Time frame

In a longer time frame Both indices are still weak and in a negative trend.. As always on the day of Budget expecting a volatile market on Monday.

Both indices close to 0.786 retracement ..

Do not trade on Monday or plan a spread

Buy ATM CE and PE at once and make sure both the Strike prices are really close to each other (5-20 point variation is the max)
If the market goes side ways wait for the next day .. 95% chances that you will end up in profits.