MO Briefing
06 Mar 2026 · NSE Derivatives Structure
Posture
Fragmented Contraction
1 session
Contractionary lean but instruments disagreeing. Surface alignment masks internal divergence.
The compass maps the structural posture of the derivatives market. The horizontal axis shows expansion vs contraction. The vertical axis shows coherence vs stress.
The dot marks today's position. The trail shows the past 7 sessions. The posture label describes what the structure is — not where it's going.
Depth panels below show the underlying measurements: positioning breadth, basis stress, range compression, and structural activity.
Depth
Positioning — 627 instruments
Structural lean: -0.448(155 expansionary, 436 contractionary)
Basis Stress
Flip stress
0.92x
below baseline
Divergence
1.34x
elevated
Basis flip stress below baseline (0.92x). Instrument divergence elevated (1.34x baseline)
Range Compression
Futures
1.05x
elevated · 627 contracts
Equities
0.84x
below baseline · 2421 contracts
Slightly expanded ranges (1.05x baseline)
Recent Path
Structural Activity
Transitioned from Early Expansion
Next MO Briefing: Monday 08:30 IST