27 Aug 2024

MO Briefing

27 Aug 2024 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Expansion Under Stress

2 sessions

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 — 555 instruments

31%
31%
17%
20%
Long Buildup 170Short Buildup 170Long Unwind 92Short Cover 113Neutral 10

Structural lean: +0.038(283 expansionary, 262 contractionary)

Basis Stress

Flip stress

1.74x

elevated

Divergence

1.06x

elevated

Basis flip stress elevated (1.74x baseline). Instrument divergence elevated (1.06x baseline)

Range Compression

Futures

1.05x

elevated · 1 contracts

Equities

0.75x

below baseline · 1883 contracts

Slightly expanded ranges (1.05x baseline)

Recent Path

Coordinated Expansion19
Expansion Under Stress20
Expansion Under Stress21
Expansion Under Stress22
Contraction Under Stress23
Expansion Under Stress26
Expansion Under Stress27

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.