sir till now pivot was showing 5860 jut it change to 5895 can u throw light on it
The Intraday Pivot is an average of the MAX COI (Change in Open Interest) which is at 5200-6100. So the avg of 5200 and 6100 is 5650. I do some massaging based on the "Change in Open Interest" and give you 5641 instead of 5650. When the COI changes the Pivot also changes.
The positional Pivot is based on the MAX OI - which is at 5700-6000, which would be 5850, once again which is massaged to 5858. The reason for providing the Positional Pivot is also to do some Positional trades. If 5850 is broken on the downside then one can SELL and vice versa.
So you have to use the Pivot more as Support and Resistance levels - for which I cannot put any definite rules. But you can always place your trades towards the Intraday Pivot.
For Intraday one more important point is that the COI should be in a tight range, then only indicates a Trend. For example if the market is at 5900 and if the COI is 5800-6000 or 5900-5900 or 5800-5900 then it indicates that the BEARS and BULLs are creating positions and fighting at the current levels. When the Range is something like 5200-6100 as you see in the tool today EOD, then that indicates that the Operators are selling those levels to eat premiums or it also indicate that the market might be going into Sideways for sometime. On Monday for any real trade in any direction you should get the MAX COI at 5800-6000 or 5900-5900 or 5800-5900 or 5700-5800 etc...
Assume that all the Pivot values are Future Values