MO Briefing
21 Feb 2025 · NSE Derivatives Structure
Posture
Contraction Under Stress
1 session
Contracting with internal strain. Basis structure under stress.
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: -0.577(132 expansionary, 514 contractionary)
Basis Stress
Flip stress
1.54x
elevated
Divergence
0.71x
below baseline
Basis flip stress elevated (1.54x baseline). Instrument divergence below baseline (0.71x)
Range Compression
Futures
0.92x
below baseline · 1 contracts
Equities
0.83x
below baseline · 2019 contracts
Compressed ranges (0.92x baseline)
Recent Path
Structural Activity
Transitioned from Expansion Under Stress
Next MO Briefing: Monday 08:30 IST