26 May 2025

MO Briefing

26 May 2025 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Expansion Under Stress

2 sessions

Expanding with internal strain. Basis structure under stress.

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

42%
17%
11%
28%
Long Buildup 275Short Buildup 110Long Unwind 71Short Cover 183Neutral 14

Structural lean: +0.424(458 expansionary, 181 contractionary)

Basis Stress

Flip stress

1.81x

elevated

Divergence

0.88x

below baseline

Basis flip stress elevated (1.81x baseline). Instrument divergence below baseline (0.88x)

Range Compression

Futures

--

Equities

0.75x

below baseline · 2105 contracts

No surface data available

Recent Path

Coordinated Expansion16
Coordinated Expansion19
Early Contraction20
Fragmented Expansion21
Early Contraction22
Expansion Under Stress23
Expansion Under Stress26

Structural Activity

Active
posture held|flip stress elevated|divergence normal

Next MO Briefing: Monday 08:30 IST

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