13 Aug 2024

MO Briefing

13 Aug 2024 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Coordinated Contraction

1 session

Instruments aligned in contraction. Structure is coherent.

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 — 556 instruments

53%
26%
Long Buildup 40Short Buildup 297Long Unwind 143Short Cover 48Neutral 28

Structural lean: -0.633(88 expansionary, 440 contractionary)

Basis Stress

Flip stress

0.73x

below baseline

Divergence

0.92x

below baseline

Basis flip stress below baseline (0.73x). Instrument divergence below baseline (0.92x)

Range Compression

Futures

1.36x

elevated · 1 contracts

Equities

0.97x

below baseline · 1922 contracts

Expanded ranges (1.36x baseline)

Recent Path

Coordinated Contraction05
Coordinated Contraction06
Early Expansion07
Fragmented Contraction08
Fragmented Expansion09
Fragmented Contraction12
Coordinated Contraction13

Structural Activity

Active
posture changed|flip stress normal|divergence normal

Transitioned from Fragmented Contraction

Next MO Briefing: Monday 08:30 IST

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