MO Briefing
16 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: -0.115(272 expansionary, 345 contractionary)
Basis Stress
Flip stress
1.41x
elevated
Divergence
1.00x
below baseline
Basis flip stress elevated (1.41x baseline). Instrument divergence below baseline (1.00x)
Range Compression
Futures
1.01x
elevated · 213 contracts
Equities
0.95x
below baseline · 2392 contracts
Slightly expanded ranges (1.01x baseline)
Recent Path
Structural Activity
Transitioned from Early Expansion
Next MO Briefing: Monday 08:30 IST