MO Briefing
22 Dec 2025 · NSE Derivatives Structure
Posture
Expansion Under Stress
1 session
Expanding 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 — 630 instruments
Structural lean: +0.432(444 expansionary, 172 contractionary)
Basis Stress
Flip stress
2.53x
elevated
Divergence
1.46x
elevated
Basis flip stress elevated (2.53x baseline). Instrument divergence elevated (1.46x baseline)
Range Compression
Futures
1.68x
elevated · 3 contracts
Equities
0.83x
below baseline · 2378 contracts
Expanded ranges (1.68x baseline)
Recent Path
Structural Activity
Transitioned from Early Expansion
Next MO Briefing: Monday 08:30 IST