13 Nov 2024

MO Briefing

13 Nov 2024 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Coordinated Contraction

4 sessions

Instruments aligned in contraction. 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

63%
27%
Long Buildup 18Short Buildup 347Long Unwind 149Short Cover 11Neutral 24

Structural lean: -0.851(29 expansionary, 496 contractionary)

Basis Stress

Flip stress

0.66x

below baseline

Divergence

0.41x

below baseline

Basis flip stress below baseline (0.66x). Instrument divergence below baseline (0.41x)

Range Compression

Futures

2.17x

elevated · 6 contracts

Equities

1.11x

elevated · 1933 contracts

Expanded ranges (2.17x baseline)

Recent Path

Early Expansion05
Coordinated Expansion06
Early Contraction07
Coordinated Contraction08
Coordinated Contraction11
Coordinated Contraction12
Coordinated Contraction13

Structural Activity

Quiet
posture held|flip stress normal|divergence normal

Next MO Briefing: Monday 08:30 IST

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