MO Briefing
17 Dec 2025 · NSE Derivatives Structure
Posture
Coordinated Contraction
2 sessions
Instruments aligned in contraction. Structure is coherent.
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: -0.363(186 expansionary, 415 contractionary)
Basis Stress
Flip stress
0.70x
below baseline
Divergence
0.60x
below baseline
Basis flip stress below baseline (0.70x). Instrument divergence below baseline (0.60x)
Range Compression
Futures
0.91x
below baseline · 3 contracts
Equities
0.84x
below baseline · 2369 contracts
Compressed ranges (0.91x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST