MO Briefing
20 Nov 2025 · NSE Derivatives Structure
Posture
Expansion Under Stress
1 session
Expanding 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 — 636 instruments
Structural lean: +0.025(321 expansionary, 305 contractionary)
Basis Stress
Flip stress
1.74x
elevated
Divergence
1.57x
elevated
Basis flip stress elevated (1.74x baseline). Instrument divergence elevated (1.57x baseline)
Range Compression
Futures
1.37x
elevated · 3 contracts
Equities
0.79x
below baseline · 2309 contracts
Expanded ranges (1.37x baseline)
Recent Path
Structural Activity
Transitioned from Contraction Under Stress
Next MO Briefing: Monday 08:30 IST