MO Briefing
16 Feb 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 — 633 instruments
Structural lean: +0.558(484 expansionary, 131 contractionary)
Basis Stress
Flip stress
1.37x
elevated
Divergence
0.79x
below baseline
Basis flip stress elevated (1.37x baseline). Instrument divergence below baseline (0.79x)
Range Compression
Futures
0.94x
below baseline · 422 contracts
Equities
0.83x
below baseline · 2415 contracts
Compressed ranges (0.94x baseline)
Recent Path
Structural Activity
Transitioned from Contraction Under Stress
Next MO Briefing: Monday 08:30 IST