MO Briefing
08 Jan 2026 · NSE Derivatives Structure
Posture
Contraction Under Stress
1 session
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 — 636 instruments
Structural lean: -0.874(30 expansionary, 586 contractionary)
Basis Stress
Flip stress
1.06x
elevated
Divergence
0.23x
below baseline
Basis flip stress elevated (1.06x baseline). Instrument divergence below baseline (0.23x)
Range Compression
Futures
1.59x
elevated · 213 contracts
Equities
1.16x
elevated · 2384 contracts
Expanded ranges (1.59x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Expansion
Next MO Briefing: Monday 08:30 IST