MO Briefing
03 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: +0.877(586 expansionary, 31 contractionary)
Basis Stress
Flip stress
1.16x
elevated
Divergence
0.41x
below baseline
Basis flip stress elevated (1.16x baseline). Instrument divergence below baseline (0.41x)
Range Compression
Futures
1.44x
elevated · 422 contracts
Equities
1.21x
elevated · 2411 contracts
Expanded ranges (1.44x baseline)
Recent Path
Structural Activity
Next MO Briefing: Monday 08:30 IST