# Daily Straddle Heatmap - 23rd December, 2024
Author: AlgoTest
Author URL: https://algotest.in/blog/author/algotest/
Published: 2025-01-13
Category: Heatmaps
Category URL: https://algotest.in/blog/category/heatmaps/
URL: https://algotest.in/blog/daily-straddle-heatmap---23rd-december-2024/

Daily Straddle Heatmap

[AlgoTest](https://algotest.in) heatmaps make it easier for you to understand a clear picture of your trading performance. These [heatmaps](https://algotest.in/heatmap) visually represent data like time, performance metrics, and win rates. Think of them as a map highlighting where your strategies work best and where they stumble. For example, a heatmap might reveal that trades during certain hours of the day consistently yield higher profits.

We are taking four heatmaps today. Let’s understand what we can learn from them.

### **1\. BankNifty Short Straddle Heatmap**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784f66b0dcd4d1287e7c2b0ad4nxeaf2fygge5ufydl16w88yo61jogyp-wfhn-se2jlxu4dzw0ez4yl9h5sgv20jjkd4q88cau0ytbdxylmetxah4rt98e0wzeqywb5lev1oaizti7c624qg3vavbddexpu6luqlcq-1749217672834-compressed.png)

- **Insights:**
  - SL values range from 10 to 100 in increments of 10.
  - The total P&L across all time slots increases consistently with higher SL levels, peaking at the SL of 100 (Total: **8122**).
  - The best-performing time slots appear to be **09:16** (Total: **26,559**) and **09:45** (Total: **11,263**), primarily due to higher returns at higher SL values.
- **Observations:**
  - Higher SL levels (e.g., 90 and 100) generally yield positive results, suggesting that allowing trades to run longer before cutting losses benefits this strategy.
  - Lower SL levels (e.g., 10 to 40) consistently lead to significant losses.
  - The **12:15** time slot has mixed results, with only high SL levels (90 and 100) showing slight profitability.

‍

### **2\. MidcapNifty Short Straddle Heatmap**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784f66b8fcc9ca40c21bd36ad4nxdvy6tezoa0igx0iwff-ioi0yzqeg1guipfbzlcddqvr2bcgy8ifgff-lbkys6dxltu-wbbdozujy1pgcdogbdr1f8efhpylddb2zovvp7o-k9qe4x3u6takqjkkrzvmgbkjkq-1749217673592-compressed.png)

- **Insights:**
  - High volatility is reflected with significant losses at the 10:45 time slot, especially at lower SL levels, e.g., -3,020 at SL 50.
  - Best performance is seen at the 9:16 and 11:45 time slots, with **26,565** and **5,623**, respectively.
  - Total profit: **53,020**, though lower SL levels (<50) are prone to larger drawdowns.
- **Observations:**
  - Entries after 12:15 stabilize, with lower volatility and small consistent profits.
  - SL 50-100 zones show more resilience in handling market fluctuations.

‍

### **3\. Nifty Short Straddle Heatmap**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784f66b195fea507975019dad4nxfor-t8gpkrsyl4aztutojdsdepk8ifenvr5rfqyhmjsbbff42v8tbra8qxizrkrv7adf5vmvs-btrp3iewhgyoynhg4yeocvy3r8ystr5zwizgyalzwtuirkezgpfkeq-2bl-1749217674293-compressed.png)

- **Insights:**
  - Profits are heavily skewed towards the 9:16 entry ( **29,849**).
  - Sharp losses at the 10:45 and 12:15 time slots (-9,895 and -5,395 total).
  - High SL levels (70-100) show steadier results compared to lower SLs, where profits/losses fluctuate more.
  - Total profit: **11,431**, significantly lower compared to Finnifty and Midcpnifty.
- **Observations:**
  - Afternoon entries struggle with consistent losses; caution is needed post-12:15.
  - Lower SL levels (10-50) are not ideal for this index due to higher sensitivity to market movements.

### **4\. Finnifty Short Straddle Heatmap**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784f66b59e28ccac8025a84ad4nxfb5f5qkt9kddzen7o5cy6x52zcqzjiiaqxtxadoe5cajjewtlym96b27ro2xr893oebq91wuwlksdo7decrys7t1ijyw0ulfg2akj7ijzdjdbwbyqxfysml7bxbike4rfdwrcfg-1749217674982-compressed.png)

- **Insights:**
  - Best performance is observed at the 9:16 entry with a profit of **35,188** across all SL levels, indicating low volatility immediately after the market opens.
  - SL levels of 10 to 40 generally perform better than higher SL levels.
  - After 9:16, profits decrease significantly, and losses are frequent, particularly in the 10:45 to 11:45 time slots.
  - Total profit: **59,401**, with consistent performance across higher SL levels.
- **Observations:**
  - Morning entries (before 10:15) tend to yield higher profits.
  - SL levels of 10 and 20 may not be ideal due to frequent fluctuations.

You can also check [heatmaps](https://algotest.in/heatmap) for MidCapNifty, Nifty, BankNifty, and FinNifty across different dimensions to better understand market trends.


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