15 Jan 2025

MO Briefing

15 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

34%
40%
12%
Long Buildup 225Short Buildup 264Long Unwind 56Short Cover 83Neutral 40

Structural lean: -0.018(308 expansionary, 320 contractionary)

Basis Stress

Flip stress

1.03x

elevated

Divergence

1.45x

elevated

Basis flip stress elevated (1.03x baseline). Instrument divergence elevated (1.45x baseline)

Range Compression

Futures

--

Equities

0.83x

below baseline · 1991 contracts

No surface data available

Recent Path

Early Expansion07
Early Contraction08
Coordinated Contraction09
Contraction Under Stress10
Contraction Under Stress13
Early Expansion14
Contraction Under Stress15

Structural Activity

Elevated
posture changed|flip stress elevated|divergence elevated

Transitioned from Early Expansion

Next MO Briefing: Monday 08:30 IST

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