MO Briefing
08 Jul 2025 · NSE Derivatives Structure
Posture
Early Expansion
1 session
First session of expansionary 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: +0.021(321 expansionary, 307 contractionary)
Basis Stress
Flip stress
0.33x
below baseline
Divergence
0.76x
below baseline
Basis flip stress below baseline (0.33x). Instrument divergence below baseline (0.76x)
Range Compression
Futures
1.51x
elevated · 5 contracts
Equities
0.81x
below baseline · 2044 contracts
Expanded ranges (1.51x baseline)
Recent Path
Structural Activity
Transitioned from Early Contraction
Next MO Briefing: Monday 08:30 IST