MO Briefing
28 Jul 2025 · NSE Derivatives Structure
Posture
Contraction Under Stress
3 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: -0.338(213 expansionary, 436 contractionary)
Basis Stress
Flip stress
2.55x
elevated
Divergence
1.00x
elevated
Basis flip stress elevated (2.55x baseline). Instrument divergence elevated (1.00x baseline)
Range Compression
Futures
1.06x
elevated · 5 contracts
Equities
1.20x
elevated · 2051 contracts
Slightly expanded ranges (1.06x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST