18 Jul 2024

MO Briefing

18 Jul 2024 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Contraction Under Stress

2 sessions

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

27%
37%
19%
15%
Long Buildup 150Short Buildup 204Long Unwind 106Short Cover 82Neutral 15

Structural lean: -0.140(232 expansionary, 310 contractionary)

Basis Stress

Flip stress

1.49x

elevated

Divergence

1.07x

elevated

Basis flip stress elevated (1.49x baseline). Instrument divergence elevated (1.07x baseline)

Range Compression

Futures

--

Equities

0.99x

below baseline · 1920 contracts

No surface data available

Recent Path

Fragmented Expansion09
Contraction Under Stress10
Expansion Under Stress11
Contraction Under Stress12
Expansion Under Stress15
Contraction Under Stress16
Contraction Under Stress18

Structural Activity

Active
posture held|flip stress elevated|divergence elevated

Next MO Briefing: Monday 08:30 IST

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