MO Briefing
21 Oct 2025 · NSE Derivatives Structure
Posture
Contraction Under Stress
1 session
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 — 641 instruments
Structural lean: -0.187(237 expansionary, 357 contractionary)
Basis Stress
Flip stress
3.12x
elevated
Divergence
3.01x
elevated
Basis flip stress elevated (3.12x baseline). Instrument divergence elevated (3.01x baseline)
Range Compression
Futures
0.18x
below baseline · 6 contracts
Equities
0.67x
below baseline · 2291 contracts
Deeply compressed ranges (0.18x baseline)
Recent Path
Structural Activity
Transitioned from Expansion Under Stress
Next MO Briefing: Monday 08:30 IST