Holika Dahan is also known as Holika Deepak or Chhoti Holi, should be performed during Pradosh Kaal (which starts after sunset) while Purnimasi Tithi is prevailing. Bhadra prevails during first half of Purnimasi Tithi and all good work should be avoided when Bhadra prevails.
Holika Dahan Muhurta is decided based on following rules.
# The first preference to get Holika Dahan Muhurta is during Pradosh while Purnimasi Tithi is prevailing and Bhadra is over.
# If Bhadra is getting over after midnight then only Holika Dahan should be done in Bhadra and preferably during Bhadra Punchha.
# Many times Bhadra Punchha is not available between Pradosh and midnight. In such situations one should do Holika Dahan during Pradosh. In rare occasions when neither Pradosh nor Bhadra Punchha is available then one should do Holika Dahan after Pradosh.
# Choosing right Muhurta for Holika Dahan is more important than choosing right Muhurta for any other festivals.
Holika Dahan Muhurta = 18:16 to 20:47
Duration = 2 Hours 30 Mins
Bhadra Punchha = 15:54 to 16:58
Bhadra Mukha = 16:58 to 18:45
Rangwali Holi on 2nd, March
Purnima Tithi Begins = 08:57 on 1/Mar/2018
Purnima Tithi Ends = 06:21 on 2/Mar/2018