NIFTY this week

Nifty
Nifty is near to its previous high of 5310 but this time with +ve divergence in RSI and accompanied by healthy put writing at 5200 levels.
The support on the charts is at 5200 and then at 5127 below which the rally will weaken. The resistance is at 5310 which was the previous high.
NIFTY OI data
5200 puts show a OI of more than 74 lac which indicates very strong support there. The 5300 calls at the moment have OI above 63 lac but in this week the calls at 5300 have shed OI while the put have added OI which means that if nifty continues to hold 5200-5120 area in the coming days it will set nifty up to move beyond the 5300 mark.
So the SL for short term long is at 5200 while the SL for medium term longs at 5120.