Yesterday Many People would have shorted PAGE IND in Futures for Results Trade between 23600 to 23200 and many would have kept SLs near 23800-24000
So all of a sudden yesterday at 2:37 PM someone bought a chunk of Page Industries in cash with about 3500 shares and very next minute sold most of it. The buying was done upto 23958 from 23600 and sold 23400.
Someone bought at 23900 and sold at 23400 loss of 17 lakhs in cash.
However, in Futures due to this spike in cash most of the SL's placed got triggered and in that particular minute a total of 8100 quantities were sold from 23550 to 24000 and 3875 the next min, assuming 2000 were buy to push rates, a total 9975 quantity in future was shorted.