MO Briefing
17 Feb 2026 · NSE Derivatives Structure
Posture
Expansion Under Stress
2 sessions
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: +0.112(341 expansionary, 270 contractionary)
Basis Stress
Flip stress
1.22x
elevated
Divergence
1.40x
elevated
Basis flip stress elevated (1.22x baseline). Instrument divergence elevated (1.40x baseline)
Range Compression
Futures
0.72x
below baseline · 422 contracts
Equities
0.74x
below baseline · 2413 contracts
Compressed ranges (0.72x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST