MO Briefing
04 Sep 2025 · NSE Derivatives Structure
Posture
Fragmented Contraction
1 session
Contractionary 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 — 640 instruments
Structural lean: -0.512(143 expansionary, 471 contractionary)
Basis Stress
Flip stress
0.61x
below baseline
Divergence
1.17x
elevated
Basis flip stress below baseline (0.61x). Instrument divergence elevated (1.17x baseline)
Range Compression
Futures
1.51x
elevated · 5 contracts
Equities
1.00x
elevated · 2128 contracts
Expanded ranges (1.51x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Expansion
Next MO Briefing: Monday 08:30 IST