MO Briefing
19 Sep 2025 · NSE Derivatives Structure
Posture
Early Contraction
1 session
First session of contractionary alignment. Persistence not yet confirmed.
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: -0.033(303 expansionary, 324 contractionary)
Basis Stress
Flip stress
0.75x
below baseline
Divergence
0.82x
below baseline
Basis flip stress below baseline (0.75x). Instrument divergence below baseline (0.82x)
Range Compression
Futures
0.46x
below baseline · 5 contracts
Equities
0.81x
below baseline · 2228 contracts
Deeply compressed ranges (0.46x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Expansion
Next MO Briefing: Monday 08:30 IST