NIFTY50.....In a corrective mode!Nifty 50 IndexNSE_DLY:NIFTYruebennaseHello Traders, the NIFTY50 has rise 'til Tuesday to 24601 and start a decline/correction for the reminder of the week. It drops to 23831 and the correction is to my view not done yet! I have argued that a correction can move down to 24054 points. This bit was undercut by nearly ~190points. My range was @ the upper boundary of the rectangle, but as to watch, price moved steeper. Anyway! Price cleared the entire order book and is trending upward in the short term (below the blue trend line)! More often than not, price „come back“ to the „ChoCh“ (blue trendline) and reverse i. e. downside again. This would mean, that the next Orderblock comes into focus. This one is located short below the „expanded flat“ and it ranges from 23433.70 to 23283.35! Again! After a possible positive opening on Monday, price should return into the range of 23433.70 to 23283.35 and catch the next orderblog! The bulls need to watch a rise above 24432 on a closing basis. In this case, the correction probably can be done! Well friends, that's it for a quick note. Have a great weekend.... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk