MO Briefing
27 Nov 2025 · NSE Derivatives Structure
Posture
Fragmented Contraction
1 session
Contractionary lean but instruments disagreeing. Surface alignment masks internal divergence.
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 — 630 instruments
Structural lean: -0.211(235 expansionary, 368 contractionary)
Basis Stress
Flip stress
0.50x
below baseline
Divergence
1.04x
elevated
Basis flip stress below baseline (0.50x). Instrument divergence elevated (1.04x baseline)
Range Compression
Futures
1.71x
elevated · 3 contracts
Equities
0.79x
below baseline · 2320 contracts
Expanded ranges (1.71x baseline)
Recent Path
Structural Activity
Transitioned from Early Expansion
Next MO Briefing: Monday 08:30 IST