MO Briefing
01 Jan 2026 · 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 — 636 instruments
Structural lean: +0.247(375 expansionary, 218 contractionary)
Basis Stress
Flip stress
1.05x
elevated
Divergence
1.30x
elevated
Basis flip stress elevated (1.05x baseline). Instrument divergence elevated (1.30x baseline)
Range Compression
Futures
0.88x
below baseline · 213 contracts
Equities
0.75x
below baseline · 2383 contracts
Compressed ranges (0.88x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Expansion
Next MO Briefing: Monday 08:30 IST