MO Briefing
01 Dec 2025 · NSE Derivatives Structure
Posture
Fragmented Contraction
3 sessions
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: -0.173(246 expansionary, 355 contractionary)
Basis Stress
Flip stress
0.26x
below baseline
Divergence
1.19x
elevated
Basis flip stress below baseline (0.26x). Instrument divergence elevated (1.19x baseline)
Range Compression
Futures
1.09x
elevated · 3 contracts
Equities
0.87x
below baseline · 2325 contracts
Slightly expanded ranges (1.09x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST