Nifty at Descending Trendline Resistance | Wait for Confirmation

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Nifty at Descending Trendline Resistance | Wait for ConfirmationNifty 50 IndexNSE:NIFTYvickshikNifty is testing a well-defined descending trendline that has capped every rally over the past several sessions. Price is trading just below this dynamic resistance, making today's price action crucial. A sustained breakout above 24,110 may trigger fresh buying and open the path toward 24,150 and 24,220. However, if the trendline holds and price slips below 24,020, bears could regain control and drag the index toward 23,950. My View: The trend remains neutral to slightly bearish until the trendline is broken convincingly. I prefer to trade only after confirmation rather than predicting the direction. Trading Plan: Bullish: Buy CE only after a 15-minute candle closes above 24,110. Bearish: Buy PE only if price breaks below 24,020. No Trade Zone: Between 24,020 and 24,110, where false breakouts and whipsaws are more likely. Suggestion: "The market rewards patience more often than prediction. Let price confirm the move first, then trade with the trend. Missing one trade is better than getting trapped in a false breakout." Education purpose only and not financial advice.