10 Jul 2024

MO Briefing

10 Jul 2024 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Contraction Under Stress

1 session

Contracting with internal strain. Basis structure under stress.

How to read this

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 — 557 instruments

20%
41%
18%
15%
Long Buildup 113Short Buildup 231Long Unwind 103Short Cover 85Neutral 25

Structural lean: -0.244(198 expansionary, 334 contractionary)

Basis Stress

Flip stress

2.13x

elevated

Divergence

1.06x

elevated

Basis flip stress elevated (2.13x baseline). Instrument divergence elevated (1.06x baseline)

Range Compression

Futures

--

Equities

1.22x

elevated · 1913 contracts

No surface data available

Recent Path

Early Contraction08
Fragmented Expansion09
Contraction Under Stress10

Structural Activity

Elevated
posture changed|flip stress elevated|divergence elevated

Transitioned from Fragmented Expansion

Next MO Briefing: Monday 08:30 IST

MarketObservatory describes the structural condition of the market. It does not predict price direction.