Amazed to see this entry in Bulk Trades list

I was just browsing thru the Bulk Trades entry book from NSE.

Look at this Buy entry done by this broker at price of 118, which was apparently near the day's circuit price level. And he later on sold nearly half of the qty (retaining 1 lakh shares) at a price of arnd 98, loosing 20 Rs per share :annoyed:

1. am i missing something?
2. Why wud he buy this at all?
3. Is he so very dumb that he doesnt know the daily circuit levels?
4. Did he buy on any fundamental reasons? If yes, then why did he sell half at a loss of Rs 20 today itself??

pls feel free to comment

it is one of the strategy most brokers apply..whenebver a stocks hits upper circuit there ul b more no of pending buy orders..if those orders dont get cancelled next day price opens with a huge gap up..so hni traders buy some stocks near its upper circuit level and sell it next day at open making a quick buck..in this case it backfired..i have seen lot of traders doing that..once i saw a scrip called atlanta hit upper circuit of 10%..stayed circuit for few mins..thuddd..it opend aftrsometime with 2% down..almost loosing 12%..whoever bought at those levels gone..smashhhh..same day i checked bulk deals..some mk shares co..shorted the 5 lakh shares at upper levels..stay away from intrady/swng trading in stocks which is not included in F&o..