12 May 2025

MO Briefing

12 May 2025 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Early Expansion

1 session

First session of expansionary alignment. Persistence not yet confirmed.

How to read this

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 — 653 instruments

55%
38%
Long Buildup 361Short Buildup 25Long Unwind 2Short Cover 246Neutral 19

Structural lean: +0.888(607 expansionary, 27 contractionary)

Basis Stress

Flip stress

0.77x

below baseline

Divergence

0.32x

below baseline

Basis flip stress below baseline (0.77x). Instrument divergence below baseline (0.32x)

Range Compression

Futures

--

Equities

1.01x

elevated · 2106 contracts

No surface data available

Recent Path

Fragmented Contraction02
Fragmented Expansion05
Early Contraction06
Fragmented Expansion07
Contraction Under Stress08
Contraction Under Stress09
Early Expansion12

Structural Activity

Active
posture changed|flip stress normal|divergence normal

Transitioned from Contraction Under Stress

Next MO Briefing: Monday 08:30 IST

MarketObservatory describes the structural condition of the market. It does not predict price direction.