MO Briefing
27 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 — 423 instruments
Structural lean: +0.475(311 expansionary, 110 contractionary)
Basis Stress
Flip stress
1.15x
elevated
Divergence
1.70x
elevated
Basis flip stress elevated (1.15x baseline). Instrument divergence elevated (1.70x baseline)
Range Compression
Futures
1.24x
elevated · 212 contracts
Equities
1.11x
elevated · 2406 contracts
Slightly expanded ranges (1.24x baseline)
Recent Path
Structural Activity
Transitioned from Contraction Under Stress
Next MO Briefing: Monday 08:30 IST