MO Briefing
28 Jan 2026 · NSE Derivatives Structure
Posture
Coordinated Expansion
1 session
Instruments aligned in expansion. 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 — 633 instruments
Structural lean: +0.510(461 expansionary, 138 contractionary)
Basis Stress
Flip stress
0.44x
below baseline
Divergence
0.94x
below baseline
Basis flip stress below baseline (0.44x). Instrument divergence below baseline (0.94x)
Range Compression
Futures
1.26x
elevated · 422 contracts
Equities
0.97x
below baseline · 2406 contracts
Slightly expanded ranges (1.26x baseline)
Recent Path
Structural Activity
Transitioned from Expansion Under Stress
Next MO Briefing: Monday 08:30 IST