Whether it's market day or not, La Latina is a nice neighbourhood for walking and having a refreshment or a coffee. Try one of the places on Calle Cava Baja, Calle Cava Alta, Calle El Almendro, Plaza de la Paja or Costanilla de San Andrés. They're all very nice.
NOTE: If it's not market day, visit one of the museums in the morning and go directly to La Latina for lunch and a stroll.