MO Briefing
12 Mar 2025 · NSE Derivatives Structure
Posture
Early Contraction
1 session
First session of contractionary 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 — 658 instruments
Structural lean: -0.204(245 expansionary, 379 contractionary)
Basis Stress
Flip stress
0.81x
below baseline
Divergence
0.94x
below baseline
Basis flip stress below baseline (0.81x). Instrument divergence below baseline (0.94x)
Range Compression
Futures
1.40x
elevated · 2 contracts
Equities
0.75x
below baseline · 2039 contracts
Expanded ranges (1.40x baseline)
Recent Path
Structural Activity
Transitioned from Expansion Under Stress
Next MO Briefing: Monday 08:30 IST