MO Briefing
01 Jul 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 — 659 instruments
Structural lean: -0.093(284 expansionary, 345 contractionary)
Basis Stress
Flip stress
0.45x
below baseline
Divergence
0.94x
below baseline
Basis flip stress below baseline (0.45x). Instrument divergence below baseline (0.94x)
Range Compression
Futures
0.97x
below baseline · 5 contracts
Equities
0.82x
below baseline · 2045 contracts
Compressed ranges (0.97x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Expansion
Next MO Briefing: Monday 08:30 IST