MO Briefing
22 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: +0.561(493 expansionary, 136 contractionary)
Basis Stress
Flip stress
1.83x
elevated
Divergence
0.51x
below baseline
Basis flip stress elevated (1.83x baseline). Instrument divergence below baseline (0.51x)
Range Compression
Futures
1.04x
elevated · 213 contracts
Equities
0.98x
below baseline · 2396 contracts
Slightly expanded ranges (1.04x baseline)
Recent Path
Structural Activity
Transitioned from Contraction Under Stress
Next MO Briefing: Monday 08:30 IST