MO Briefing
24 Nov 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 — 636 instruments
Structural lean: -0.484(160 expansionary, 468 contractionary)
Basis Stress
Flip stress
2.23x
elevated
Divergence
0.74x
below baseline
Basis flip stress elevated (2.23x baseline). Instrument divergence below baseline (0.74x)
Range Compression
Futures
1.99x
elevated · 3 contracts
Equities
1.04x
elevated · 2313 contracts
Expanded ranges (1.99x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST