28 May 2025

MO Briefing

28 May 2025 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Contraction Under Stress

2 sessions

Contracting 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

23%
40%
23%
14%
Long Buildup 148Short Buildup 261Long Unwind 147Short Cover 92Neutral 5

Structural lean: -0.257(240 expansionary, 408 contractionary)

Basis Stress

Flip stress

2.35x

elevated

Divergence

1.43x

elevated

Basis flip stress elevated (2.35x baseline). Instrument divergence elevated (1.43x baseline)

Range Compression

Futures

--

Equities

0.73x

below baseline · 2108 contracts

No surface data available

Recent Path

Early Contraction20
Fragmented Expansion21
Early Contraction22
Expansion Under Stress23
Expansion Under Stress26
Contraction Under Stress27
Contraction Under Stress28

Structural Activity

Active
posture held|flip stress elevated|divergence elevated

Next MO Briefing: Monday 08:30 IST

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