==>> Bottom out pattern for Nifty

Weekly close for Nifty and Sensex was above the previous close. In the chart we can clearly see that the Nifty closed above the trendline. Today Nifty opened at 4356 in the positive zone, immediately after opening plunged down to make a low of 4281, but as the Nifty always finds a good support at the 4250-4200 levels, closed above at 4348. Sensex and the nifty rallied in the closing session. I think so that Nifty is trying to bottom out at 4200 levels. All the Negative news in the markets have been discounted. Nifty ca touch 4450-4600, if the close is not below 4200.