MO Briefing
01 Jan 2025 · 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 — 668 instruments
Structural lean: +0.269(398 expansionary, 218 contractionary)
Basis Stress
Flip stress
0.71x
below baseline
Divergence
1.61x
elevated
Basis flip stress below baseline (0.71x). Instrument divergence elevated (1.61x baseline)
Range Compression
Futures
1.22x
elevated · 12 contracts
Equities
0.76x
below baseline · 1985 contracts
Slightly expanded ranges (1.22x baseline)
Recent Path
Structural Activity
Transitioned from Expansion Under Stress
Next MO Briefing: Monday 08:30 IST