09 Jan 2025

MO Briefing

09 Jan 2025 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Coordinated Contraction

1 session

Instruments aligned in contraction. Structure is coherent.

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 — 668 instruments

16%
56%
13%
Long Buildup 108Short Buildup 373Long Unwind 86Short Cover 58Neutral 43

Structural lean: -0.439(166 expansionary, 459 contractionary)

Basis Stress

Flip stress

0.88x

below baseline

Divergence

0.87x

below baseline

Basis flip stress below baseline (0.88x). Instrument divergence below baseline (0.87x)

Range Compression

Futures

--

Equities

0.88x

below baseline · 1990 contracts

No surface data available

Recent Path

Fragmented Expansion01
Coordinated Expansion02
Fragmented Contraction03
Coordinated Contraction06
Early Expansion07
Early Contraction08
Coordinated Contraction09

Structural Activity

Active
posture changed|flip stress normal|divergence normal

Transitioned from Early Contraction

Next MO Briefing: Monday 08:30 IST

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