MO Briefing
27 Dec 2024 · NSE Derivatives Structure
Posture
Fragmented Contraction
1 session
Contractionary 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 — 667 instruments
Structural lean: -0.166(242 expansionary, 353 contractionary)
Basis Stress
Flip stress
0.39x
below baseline
Divergence
1.23x
elevated
Basis flip stress below baseline (0.39x). Instrument divergence elevated (1.23x baseline)
Range Compression
Futures
0.65x
below baseline · 9 contracts
Equities
0.75x
below baseline · 1973 contracts
Deeply compressed ranges (0.65x baseline)
Recent Path
Structural Activity
Transitioned from Expansion Under Stress
Next MO Briefing: Monday 08:30 IST