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

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 eatmaps today. Let’s understand what we can learn from them.

### **BankNifty Short Straddle**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6791d733e84562ac0c6dfa62ad4nxcqjxses31qk3wfes9nrtk1f7ym27enpmwwp8dw55m2tapk5piw-uo2ouxggqpae4na0qseuhwv6csa3h9lv46vsbo1yc1-cm7lzwpx0q39mj85y99oranezgy96a56adb6rq-1749217510450-compressed.png)

**Insights**:

- Significant losses during **9:16 AM** (-1914 to -3640) but recovered to profit later in the day, especially during the **11:15 AM** to **12:15 PM** time slots (consistent profits across higher SL values, e.g., 2247 at SL 40).
- Post **1:15 PM**, there is stability, but profits are smaller compared to the earlier trend.
- Total for the day: **94,584** indicates overall strong performance with consistent profitability in higher SL settings (e.g., 60, 70, 80).

### **FinNifty Short Straddle**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6791d733ac4378cde9bb09b2ad4nxch-opuamc8kpwx814moovtezo2kvqh8-ghlcbjzjuczs1zmb8od0gfignld4pvzqq2t00fdfhwerdzcpinhyf2zalffwwtk2rmgbtexwhjrdvfcdleexzbhhkp6nsjawke6v-1749217511160-compressed.png)

**Insights**:

- Strong positive trends throughout the day, starting with **2,163 (SL 30)** at 9:16 AM.
- The most consistent profits are from **9:45 AM** to **11:45 AM**, with all SL levels performing positively. SL levels between 40–70 yield stable returns.
- Smaller losses occur during the later sessions ( **1:15 PM onwards**).
- Total for the day: **112,853**. It’s an impressive performance with few red zones.

### **MidCapNifty Short Straddle**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6791d733549861a13fcf08e8ad4nxdckge4oiotljmzqtbplztt6dk7zsz8wk5jonew3pdek9zf1bcapt2l8fvzu1krgbnkzabfo9sjlopk1baicf4tylmdsbw8n9lzifz-yrueqxmm7ka9f5xiob0y6kmuhrfoh3n38q-1749217511869-compressed.png)

**Insights**:

- Significant losses observed in early slots ( **9:16 AM to 10:45 AM**) with larger SL values (e.g., -2,535 at SL 60).
- Recovery starts from **11:15 AM**, with consistent profitability across SL levels until **12:45 PM**.
- Consistency is observed in SL levels of **40–60** during later sessions.
- Total for the day: **95,458** reflects the day's strong profitability despite the early losses.

### **Nifty Short Straddle**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6791d7332c158f9d70f02715ad4nxeaioux-g8dqqehze6jtji6qgmf9vgavobyaqh5the5omfskyxdk2e1hux3z2wwu1cds13wswjgellkd1etlg1oefzifcok06gu2btaqcrk3-qrlgkwomnu7e3ejjneeqv7fqha-1749217512710-compressed.png)

**Insights**:

- Mixed performance across time slots, with heavy losses during **10:45 AM** (-4,504 at SL 90) and **11:15 AM**.
- Recovery is seen towards the later part of the day, particularly from **12:45 PM onwards**, where profits are stabilized at lower SL levels. **‍**
- Highest total for the day compared to other instruments: 160,016. However, the earlier losses temper overall gains.

###### **‍** 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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