16 Jul 2024

MO Briefing

16 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

29%
38%
16%
14%
Long Buildup 163Short Buildup 209Long Unwind 89Short Cover 78Neutral 18

Structural lean: -0.102(241 expansionary, 298 contractionary)

Basis Stress

Flip stress

1.28x

elevated

Divergence

1.15x

elevated

Basis flip stress elevated (1.28x baseline). Instrument divergence elevated (1.15x baseline)

Range Compression

Futures

--

Equities

0.80x

below baseline · 1923 contracts

No surface data available

Recent Path

Early Contraction08
Fragmented Expansion09
Contraction Under Stress10
Expansion Under Stress11
Contraction Under Stress12
Expansion Under Stress15
Contraction Under Stress16

Structural Activity

Elevated
posture changed|flip stress elevated|divergence elevated

Transitioned from Expansion Under Stress

Next MO Briefing: Monday 08:30 IST

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