MO Briefing
09 Jan 2026 · NSE Derivatives Structure
Posture
Coordinated Contraction
1 session
Instruments aligned in contraction. Structure is coherent.
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: -0.492(152 expansionary, 465 contractionary)
Basis Stress
Flip stress
0.79x
below baseline
Divergence
0.64x
below baseline
Basis flip stress below baseline (0.79x). Instrument divergence below baseline (0.64x)
Range Compression
Futures
1.29x
elevated · 213 contracts
Equities
1.15x
elevated · 2384 contracts
Slightly expanded ranges (1.29x baseline)
Recent Path
Structural Activity
Transitioned from Contraction Under Stress
Next MO Briefing: Monday 08:30 IST