26 Nov 2024

MO Briefing

26 Nov 2024 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Expansion Under Stress

3 sessions

Expanding with internal strain. Basis structure under stress.

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 — 548 instruments

33%
30%
16%
20%
Long Buildup 181Short Buildup 167Long Unwind 87Short Cover 107Neutral 6

Structural lean: +0.062(288 expansionary, 254 contractionary)

Basis Stress

Flip stress

1.56x

elevated

Divergence

1.01x

elevated

Basis flip stress elevated (1.56x baseline). Instrument divergence elevated (1.01x baseline)

Range Compression

Futures

0.86x

below baseline · 7 contracts

Equities

0.73x

below baseline · 1957 contracts

Compressed ranges (0.86x baseline)

Recent Path

Fragmented Contraction14
Contraction Under Stress18
Expansion Under Stress19
Contraction Under Stress21
Expansion Under Stress22
Expansion Under Stress25
Expansion Under Stress26

Structural Activity

Active
posture held|flip stress elevated|divergence elevated

Next MO Briefing: Monday 08:30 IST

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