MO Briefing
26 Sep 2025 · NSE Derivatives Structure
Posture
Contraction Under Stress
2 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 — 640 instruments
Structural lean: -0.884(35 expansionary, 601 contractionary)
Basis Stress
Flip stress
3.93x
elevated
Divergence
0.38x
below baseline
Basis flip stress elevated (3.93x baseline). Instrument divergence below baseline (0.38x)
Range Compression
Futures
1.24x
elevated · 5 contracts
Equities
1.10x
elevated · 2247 contracts
Slightly expanded ranges (1.24x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST