MO Briefing
07 Feb 2025 · NSE Derivatives Structure
Posture
Fragmented Contraction
2 sessions
Contractionary 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: -0.039(298 expansionary, 324 contractionary)
Basis Stress
Flip stress
0.63x
below baseline
Divergence
1.80x
elevated
Basis flip stress below baseline (0.63x). Instrument divergence elevated (1.80x baseline)
Range Compression
Futures
0.42x
below baseline · 1 contracts
Equities
0.77x
below baseline · 2021 contracts
Deeply compressed ranges (0.42x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST