MO Briefing
04 Feb 2025 · NSE Derivatives Structure
Posture
Early Expansion
1 session
First session of expansionary alignment. Persistence not yet confirmed.
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 — 662 instruments
Structural lean: +0.565(493 expansionary, 119 contractionary)
Basis Stress
Flip stress
0.90x
below baseline
Divergence
0.55x
below baseline
Basis flip stress below baseline (0.90x). Instrument divergence below baseline (0.55x)
Range Compression
Futures
1.08x
elevated · 1 contracts
Equities
0.76x
below baseline · 2015 contracts
Slightly expanded ranges (1.08x baseline)
Recent Path
Structural Activity
Transitioned from Coordinated Contraction
Next MO Briefing: Monday 08:30 IST