06 Nov 2024

MO Briefing

06 Nov 2024 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Coordinated Expansion

1 session

Instruments aligned in expansion. Structure is coherent.

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 — 549 instruments

62%
23%
Long Buildup 340Short Buildup 51Long Unwind 9Short Cover 124Neutral 25

Structural lean: +0.736(464 expansionary, 60 contractionary)

Basis Stress

Flip stress

0.77x

below baseline

Divergence

0.76x

below baseline

Basis flip stress below baseline (0.77x). Instrument divergence below baseline (0.76x)

Range Compression

Futures

1.73x

elevated · 6 contracts

Equities

0.82x

below baseline · 1918 contracts

Expanded ranges (1.73x baseline)

Recent Path

Expansion Under Stress29
Contraction Under Stress30
Fragmented Contraction31
Expansion Under Stress01
Contraction Under Stress04
Early Expansion05
Coordinated Expansion06

Structural Activity

Active
posture changed|flip stress normal|divergence normal

Transitioned from Early Expansion

Next MO Briefing: Monday 08:30 IST

MarketObservatory describes the structural condition of the market. It does not predict price direction.