trader31339 & santoshv2k,
Quite a few times in last week/month, new members have asked about this same question. If you take a little bit of pain of digging through last few pages in this thread, you will find some beautiful descriptions regarding your questions. Every other day or so, some old members try to explain about pivots trading and if you are a regular reader/observer here, you will find what you are seeking. About taking fresh position, you can clearly see Buy/Hold strings attached with those numbers and thats for positional trades. Alternatively You can go for intraday as well as per your convenience.
Thanks.