MO Briefing
27 Feb 2026 · NSE Derivatives Structure
Posture
Early Contraction
1 session
First session of contractionary alignment. Persistence not yet confirmed.
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 — 627 instruments
Structural lean: -0.686(82 expansionary, 512 contractionary)
Basis Stress
Flip stress
0.56x
below baseline
Divergence
0.68x
below baseline
Basis flip stress below baseline (0.56x). Instrument divergence below baseline (0.68x)
Range Compression
Futures
1.02x
elevated · 627 contracts
Equities
0.79x
below baseline · 2417 contracts
Slightly expanded ranges (1.02x baseline)
Recent Path
Structural Activity
Transitioned from Fragmented Expansion
Next MO Briefing: Monday 08:30 IST