MO Briefing
24 Feb 2026 · NSE Derivatives Structure
Posture
Fragmented Expansion
1 session
Expansionary lean but instruments disagreeing. Surface alignment masks internal divergence.
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 — 421 instruments
Structural lean: +0.002(210 expansionary, 209 contractionary)
Basis Stress
Flip stress
0.48x
below baseline
Divergence
1.24x
elevated
Basis flip stress below baseline (0.48x). Instrument divergence elevated (1.24x baseline)
Range Compression
Futures
0.98x
below baseline · 421 contracts
Equities
0.78x
below baseline · 2417 contracts
Compressed ranges (0.98x baseline)
Recent Path
Structural Activity
Transitioned from Expansion Under Stress
Next MO Briefing: Monday 08:30 IST