MO Briefing
12 Sep 2025 · NSE Derivatives Structure
Posture
Fragmented Expansion
2 sessions
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 — 640 instruments
Structural lean: +0.113(347 expansionary, 275 contractionary)
Basis Stress
Flip stress
0.54x
below baseline
Divergence
1.20x
elevated
Basis flip stress below baseline (0.54x). Instrument divergence elevated (1.20x baseline)
Range Compression
Futures
0.77x
below baseline · 5 contracts
Equities
0.76x
below baseline · 2208 contracts
Compressed ranges (0.77x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST