MO Briefing
23 Dec 2025 · NSE Derivatives Structure
Posture
Expansion Under Stress
2 sessions
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: +0.044(322 expansionary, 294 contractionary)
Basis Stress
Flip stress
3.96x
elevated
Divergence
1.33x
elevated
Basis flip stress elevated (3.96x baseline). Instrument divergence elevated (1.33x baseline)
Range Compression
Futures
0.97x
below baseline · 3 contracts
Equities
0.77x
below baseline · 2379 contracts
Compressed ranges (0.97x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST