MO Briefing
23 Jul 2025 · NSE Derivatives Structure
Posture
Expansion Under Stress
1 session
Expanding with internal strain. Basis structure under stress.
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: +0.323(425 expansionary, 212 contractionary)
Basis Stress
Flip stress
1.22x
elevated
Divergence
1.15x
elevated
Basis flip stress elevated (1.22x baseline). Instrument divergence elevated (1.15x baseline)
Range Compression
Futures
0.83x
below baseline · 5 contracts
Equities
0.83x
below baseline · 2047 contracts
Compressed ranges (0.83x baseline)
Recent Path
Structural Activity
Transitioned from Contraction Under Stress
Next MO Briefing: Monday 08:30 IST