Many Intraday traders likely to have been trapped today

Friends, I was just having a look at the Intraday Trading data for Indiabulls & I must admit it was scary to say the least. At around 3:13 p. m., huge quantity (Possibly square off by those who had created intraday short positions) of more than 12.38 lac shares got traded which resulted in sudden spike of price from 212.30 to 218 (218 in fact turned out to be the day high) & then within the next few minutes it again slid down to 202.90. Considering the fact that Indiabulls rose to 218 after making low of 176.50 in the morning, the loss for some (Hope they must have gained elsewhere in intraday) is unimaginable. This fact is further confirmed by the fact that out of 8.93 crore shares traded today in Indiabulls, only 57.35 lac shares (approx 6%) is the delivered quantity. While equally true remains the fact that someone must have gained as well, but the important point to learn from the above is not to trade compulsively everyday & to avoid trading (just by taking a chance) if we are not sure.