# Futures at a discount — NSE scan

> The front-month future trading below the cash price — hedging pressure, or supply the market expects.

Canonical: https://patternsradar.com/screener/futures-discount

```sift
from fno where fut_basis_pct < -0.2
```

A future below cash means someone is willing to sell forward cheaper than today's price — usually holders hedging a position they cannot or will not sell, sometimes the market pricing in expected supply. Persistent discounts cluster in stocks under distribution. The reading resets near expiry, when the basis converges to zero by construction, so treat expiry-week prints with suspicion.

Category: [Derivatives](https://patternsradar.com/scans/derivatives.md). Default universe: top 500 NSE stocks by 20-day turnover.

The rendered page runs this scan against the latest session and can replay it across the last 250 sessions to measure its hit rate: https://patternsradar.com/screener/futures-discount.