MO Briefing
03 Mar 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 — 658 instruments
Structural lean: +0.207(378 expansionary, 242 contractionary)
Basis Stress
Flip stress
0.69x
below baseline
Divergence
1.42x
elevated
Basis flip stress below baseline (0.69x). Instrument divergence elevated (1.42x baseline)
Range Compression
Futures
1.02x
elevated · 2 contracts
Equities
1.19x
elevated · 2040 contracts
Slightly expanded ranges (1.02x baseline)
Recent Path
Structural Activity
Transitioned from Coordinated Contraction
Next MO Briefing: Monday 08:30 IST