MO Briefing
18 Sep 2025 · NSE Derivatives Structure
Posture
Fragmented Expansion
1 session
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: +0.322(412 expansionary, 206 contractionary)
Basis Stress
Flip stress
0.36x
below baseline
Divergence
1.19x
elevated
Basis flip stress below baseline (0.36x). Instrument divergence elevated (1.19x baseline)
Range Compression
Futures
0.55x
below baseline · 5 contracts
Equities
0.83x
below baseline · 2229 contracts
Deeply compressed ranges (0.55x baseline)
Recent Path
Structural Activity
Transitioned from Coordinated Expansion
Next MO Briefing: Monday 08:30 IST