MO Briefing
05 Sep 2024 · NSE Derivatives Structure
Posture
Fragmented Expansion
1 session
Expansionary 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 — 554 instruments
Structural lean: +0.164(306 expansionary, 215 contractionary)
Basis Stress
Flip stress
0.54x
below baseline
Divergence
1.09x
elevated
Basis flip stress below baseline (0.54x). Instrument divergence elevated (1.09x baseline)
Range Compression
Futures
1.22x
elevated · 2 contracts
Equities
0.79x
below baseline · 1838 contracts
Slightly expanded ranges (1.22x baseline)
Recent Path
Structural Activity
Transitioned from Early Contraction
Next MO Briefing: Monday 08:30 IST