MO Briefing
31 Oct 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 — 370 instruments
Structural lean: -0.241(139 expansionary, 228 contractionary)
Basis Stress
Flip stress
0.45x
below baseline
Divergence
1.39x
elevated
Basis flip stress below baseline (0.45x). Instrument divergence elevated (1.39x baseline)
Range Compression
Futures
1.00x
below baseline · 5 contracts
Equities
0.75x
below baseline · 1906 contracts
Compressed ranges (1.00x baseline)
Recent Path
Structural Activity
Transitioned from Contraction Under Stress
Next MO Briefing: Monday 08:30 IST