Nifty 50: Gapup Opening Above Trendline – Breakout or Bull Trap?Nifty 50 IndexNSE:NIFTYvickshikNifty is expected to open around 24,100–24,120, supported by a 0.51% gain in Gift Nifty. The index is testing a descending trendline that has acted as resistance over the past few sessions. Key Levels Resistance: 24,150–24,180 Major Resistance: 24,220–24,250 Support: 24,080–24,100 Major Support: 24,040 Trading Plan Bullish Scenario Wait for a 15-minute candle to close above 24,150. A sustained breakout may trigger a move toward 24,220–24,250. Bearish Scenario If Nifty fails to hold 24,100 after the gap-up opening, expect profit booking. A breakdown below 24,080 could lead to 24,040 and possibly 24,000. My View The opening is likely to be positive, but chasing the gap-up may be risky. I'll wait for confirmation after the first 15–20 minutes before considering an options trade. A breakout above resistance favours Call options, while rejection from resistance favours Put options. Disclaimer: This analysis is for educational purposes only and not financial advice.