MO Briefing
02 Dec 2025 · NSE Derivatives Structure
Posture
Fragmented Contraction
4 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: -0.241(224 expansionary, 376 contractionary)
Basis Stress
Flip stress
0.29x
below baseline
Divergence
1.39x
elevated
Basis flip stress below baseline (0.29x). Instrument divergence elevated (1.39x baseline)
Range Compression
Futures
1.15x
elevated · 3 contracts
Equities
0.77x
below baseline · 2353 contracts
Slightly expanded ranges (1.15x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST