MO Briefing
29 Dec 2025 · NSE Derivatives Structure
Posture
Contraction Under Stress
3 sessions
Contracting 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: -0.576(131 expansionary, 494 contractionary)
Basis Stress
Flip stress
3.35x
elevated
Divergence
1.61x
elevated
Basis flip stress elevated (3.35x baseline). Instrument divergence elevated (1.61x baseline)
Range Compression
Futures
0.97x
below baseline · 3 contracts
Equities
0.93x
below baseline · 2378 contracts
Compressed ranges (0.97x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST