MO Briefing
27 Sep 2024 · NSE Derivatives Structure
Posture
Fragmented Expansion
2 sessions
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 — 552 instruments
Structural lean: +0.373(359 expansionary, 153 contractionary)
Basis Stress
Flip stress
0.21x
below baseline
Divergence
1.24x
elevated
Basis flip stress below baseline (0.21x). Instrument divergence elevated (1.24x baseline)
Range Compression
Futures
1.42x
elevated · 4 contracts
Equities
0.89x
below baseline · 1837 contracts
Expanded ranges (1.42x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST