15 Jul 2024

MO Briefing

15 Jul 2024 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Expansion Under Stress

1 session

Expanding 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

47%
15%
28%
Long Buildup 264Short Buildup 86Long Unwind 31Short Cover 157Neutral 19

Structural lean: +0.546(421 expansionary, 117 contractionary)

Basis Stress

Flip stress

1.64x

elevated

Divergence

0.98x

below baseline

Basis flip stress elevated (1.64x baseline). Instrument divergence below baseline (0.98x)

Range Compression

Futures

--

Equities

0.89x

below baseline · 1922 contracts

No surface data available

Recent Path

Early Contraction08
Fragmented Expansion09
Contraction Under Stress10
Expansion Under Stress11
Contraction Under Stress12
Expansion Under Stress15

Structural Activity

Elevated
posture changed|flip stress elevated|divergence normal

Transitioned from Contraction Under Stress

Next MO Briefing: Monday 08:30 IST

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