MO Briefing
13 Jan 2026 · NSE Derivatives Structure
Posture
Fragmented Contraction
1 session
Contractionary lean but instruments disagreeing. Surface alignment masks internal divergence.
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: -0.311(206 expansionary, 404 contractionary)
Basis Stress
Flip stress
0.88x
below baseline
Divergence
1.46x
elevated
Basis flip stress below baseline (0.88x). Instrument divergence elevated (1.46x baseline)
Range Compression
Futures
1.00x
elevated · 213 contracts
Equities
0.93x
below baseline · 2391 contracts
Slightly expanded ranges (1.00x baseline)
Recent Path
Structural Activity
Transitioned from Early Expansion
Next MO Briefing: Monday 08:30 IST