MO Briefing
05 Feb 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 — 662 instruments
Structural lean: +0.363(432 expansionary, 192 contractionary)
Basis Stress
Flip stress
0.62x
below baseline
Divergence
1.26x
elevated
Basis flip stress below baseline (0.62x). Instrument divergence elevated (1.26x baseline)
Range Compression
Futures
0.73x
below baseline · 1 contracts
Equities
0.71x
below baseline · 2016 contracts
Compressed ranges (0.73x baseline)
Recent Path
Structural Activity
Transitioned from Early Expansion
Next MO Briefing: Monday 08:30 IST