MO Briefing
10 Dec 2024 · NSE Derivatives Structure
Posture
Fragmented Expansion
1 session
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 — 684 instruments
Structural lean: +0.145(374 expansionary, 275 contractionary)
Basis Stress
Flip stress
0.52x
below baseline
Divergence
1.51x
elevated
Basis flip stress below baseline (0.52x). Instrument divergence elevated (1.51x baseline)
Range Compression
Futures
0.58x
below baseline · 11 contracts
Equities
0.84x
below baseline · 1975 contracts
Deeply compressed ranges (0.58x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Contraction
Next MO Briefing: Monday 08:30 IST