MO Briefing
25 Jul 2025 · NSE Derivatives Structure
Posture
Contraction Under Stress
2 sessions
Contracting 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: -0.737(81 expansionary, 567 contractionary)
Basis Stress
Flip stress
3.14x
elevated
Divergence
0.52x
below baseline
Basis flip stress elevated (3.14x baseline). Instrument divergence below baseline (0.52x)
Range Compression
Futures
1.31x
elevated · 5 contracts
Equities
1.06x
elevated · 2046 contracts
Expanded ranges (1.31x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST