09 Apr 2025

MO Briefing

09 Apr 2025 · NSE Derivatives Structure

coherentstressedexpansioncontraction

Posture

Early Contraction

1 session

First session of contractionary alignment. Persistence not yet confirmed.

How to read this

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 — 659 instruments

23%
50%
13%
Long Buildup 150Short Buildup 327Long Unwind 88Short Cover 57Neutral 37

Structural lean: -0.316(207 expansionary, 415 contractionary)

Basis Stress

Flip stress

0.81x

below baseline

Divergence

0.87x

below baseline

Basis flip stress below baseline (0.81x). Instrument divergence below baseline (0.87x)

Range Compression

Futures

--

Equities

0.76x

below baseline · 2110 contracts

No surface data available

Recent Path

Fragmented Contraction01
→
Fragmented Expansion02
→
Coordinated Expansion03
→
Early Contraction04
→
Coordinated Contraction07
→
Early Expansion08
→
Early Contraction09

Structural Activity

Active
posture changed|flip stress normal|divergence normal

Transitioned from Early Expansion

Next MO Briefing: Monday 08:30 IST

MarketObservatory describes the structural condition of the market. It does not predict price direction.