10 Jan 2025

MO Briefing

10 Jan 2025 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Contraction Under Stress

1 session

Contracting with internal strain. Basis structure under stress.

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

60%
20%
Long Buildup 60Short Buildup 398Long Unwind 135Short Cover 31Neutral 44

Structural lean: -0.662(91 expansionary, 533 contractionary)

Basis Stress

Flip stress

1.30x

elevated

Divergence

0.40x

below baseline

Basis flip stress elevated (1.30x baseline). Instrument divergence below baseline (0.40x)

Range Compression

Futures

--

Equities

1.11x

elevated · 1985 contracts

No surface data available

Recent Path

Coordinated Expansion02
Fragmented Contraction03
Coordinated Contraction06
Early Expansion07
Early Contraction08
Coordinated Contraction09
Contraction Under Stress10

Structural Activity

Elevated
posture changed|flip stress elevated|divergence normal

Transitioned from Coordinated Contraction

Next MO Briefing: Monday 08:30 IST

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