MO Briefing
14 Aug 2024 · NSE Derivatives Structure
Posture
Fragmented Contraction
1 session
Contractionary lean but instruments disagreeing. Surface alignment masks internal divergence.
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
Structural lean: -0.363(161 expansionary, 363 contractionary)
Basis Stress
Flip stress
0.72x
below baseline
Divergence
1.07x
elevated
Basis flip stress below baseline (0.72x). Instrument divergence elevated (1.07x baseline)
Range Compression
Futures
0.49x
below baseline · 1 contracts
Equities
0.85x
below baseline · 1886 contracts
Deeply compressed ranges (0.49x baseline)
Recent Path
Structural Activity
Transitioned from Coordinated Contraction
Next MO Briefing: Monday 08:30 IST