MO Briefing
04 Mar 2026 · NSE Derivatives Structure
Posture
Coordinated Contraction
2 sessions
Instruments aligned in contraction. Structure is coherent.
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: -0.829(41 expansionary, 561 contractionary)
Basis Stress
Flip stress
0.48x
below baseline
Divergence
0.33x
below baseline
Basis flip stress below baseline (0.48x). Instrument divergence below baseline (0.33x)
Range Compression
Futures
1.18x
elevated · 627 contracts
Equities
0.98x
below baseline · 2426 contracts
Slightly expanded ranges (1.18x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST