Beware of Lot size changes - March 2009

People,
Market Lot size is going change from March 2009. Lot size is increased two-three folds in some stocks. From what I see, margin traders would be squeezed out of the market because of this change. have a look

http://www.nseindia.com/content/fo/fo_mktlots.csv

regards
ren

Kya kya kya ,

I read Unitech lot as 9000 , it will be a nightmare for small traders like me.
As usual , a foolish step by Exchanges , Options Volume is so less in India and it will finish off with this move. Do NSE think we are Millionaires like Anil and Mukesh , aur koi ho na ho , main toh stock options se out. Atleast Nifty LOTSIZE is same.

What doest it mean?
Can you explain it as i am new , i am unable to understand ?

Lot size is the number of stocks that would hold in the future contract. eg. 3IINFOTECH current lot size is 2700. From march it would be 10800.

The basis of futures market is you pay a margin amount of money(say 20%) of the value of the lot and hold the contract. If the lot size is changed, in this case expanded to thrice, then you need to more money as margin to enter into the contract.

regards
ren

Well that is the point only. The government doesnt want every1 to trade in FnO especially the middle class ppl. It was meant for richer ppl only from the very beginning.

In some ways i am glad only that such moves are taken cause many low-income group ppl many a times tend to speculate (proper gambling style) in futures so as to earn Everything in a matter of days and they only ending loosing and destroying their lives.

These moves are taken so as to keep these ppl away and only ppl who can afford this should trade here. This is same reason that Gambling is also Banned in India...

Thanks for explaination

Nice view.....
Then why these exchanges didnt change NIFTY lot size. Everyone in mkts doesnt come with lakhs of rupees and not everyone is a son of a rich dad.
People start low and make their fortunes starting from a low margin.
I think anyone doin part time Trading in mkts gets an excellent opportunity to trade in OPTIONS Compared to FUTURES with Minimum RISk factor and if you triple the lot size , that man who has the ability to play well in mkts gets Knocked out and will only play in Cash segment which gives too small profits.

Anyways , people who have Moolah will still play as Nifty Lot size is still same. Stockfuture trading will become minimal i think. Volumes already so low and more moves like these will kill the remaining.
Thats my point a stark contrast to yours
You are an expert and am a beginner so i understand the need for small lot sizes.

This is probably the most stupidest thing i have come across.Honestly its not just about margins,take a look at ifci 15k shares...even today though i know lot of ppl can afford 10 lots of ifci,they would rather prefer 5 lots(position-sizing)...15k shares would scare the hell out of most traders as all traders are prone to mistakes,again a wrong trade with 5000 shares is much better than a wrong trade with 15000 shares...
this is perhaps the dumbest thing.

or maybe they are expecting a hughe crash in feb...

RIL HAS COME IN WITH EXCELLENT RESULTS above expectations.
L2t , thats what is my mind , its the Dumbest thing. A lot size of 9000 for Unitech will loosen manys underwear. If one bought a future at higher level and is sure of upmove in unitech by TA this big lot size will never allow him to Avg down , 2 lots 18000 shares , it is not funny