MO Briefing
17 Dec 2024 · NSE Derivatives Structure
Posture
Early Contraction
1 session
First session of contractionary alignment. Persistence not yet confirmed.
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: -0.665(101 expansionary, 556 contractionary)
Basis Stress
Flip stress
0.49x
below baseline
Divergence
0.40x
below baseline
Basis flip stress below baseline (0.49x). Instrument divergence below baseline (0.40x)
Range Compression
Futures
1.45x
elevated · 8 contracts
Equities
0.91x
below baseline · 1964 contracts
Expanded ranges (1.45x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Expansion
Next MO Briefing: Monday 08:30 IST