MO Briefing
30 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 — 633 instruments
Structural lean: -0.115(264 expansionary, 337 contractionary)
Basis Stress
Flip stress
1.05x
elevated
Divergence
1.63x
elevated
Basis flip stress elevated (1.05x baseline). Instrument divergence elevated (1.63x baseline)
Range Compression
Futures
0.96x
below baseline · 422 contracts
Equities
1.04x
elevated · 2405 contracts
Compressed ranges (0.96x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Contraction
Next MO Briefing: Monday 08:30 IST