MO Briefing
21 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: +0.285(409 expansionary, 221 contractionary)
Basis Stress
Flip stress
0.88x
below baseline
Divergence
1.13x
elevated
Basis flip stress below baseline (0.88x). Instrument divergence elevated (1.13x baseline)
Range Compression
Futures
1.43x
elevated · 5 contracts
Equities
0.91x
below baseline · 2049 contracts
Expanded ranges (1.43x baseline)
Recent Path
Structural Activity
Transitioned from Coordinated Contraction
Next MO Briefing: Monday 08:30 IST