MO Briefing
04 Jul 2025 · NSE Derivatives Structure
Posture
Fragmented Expansion
1 session
Expansionary lean but instruments disagreeing. Surface alignment masks internal divergence.
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: +0.135(357 expansionary, 268 contractionary)
Basis Stress
Flip stress
0.61x
below baseline
Divergence
1.41x
elevated
Basis flip stress below baseline (0.61x). Instrument divergence elevated (1.41x baseline)
Range Compression
Futures
1.15x
elevated · 5 contracts
Equities
0.75x
below baseline · 2038 contracts
Slightly expanded ranges (1.15x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Contraction
Next MO Briefing: Monday 08:30 IST