NIFTY50.....2026-07-05.....Test of the blue trendline?Nifty 50 IndexNSE_DLY:NIFTYruebennaseHello Traders, at the start of trading on Monday the NIFTY50 set back to the level of 23829. This was the upper range of a „Fair-value-gap“ and the area of a Low liquidity zone. From this level the N50 has risen to a high at 24378 on Friday morning. On this way it overcome the decling blue trendline and made a new high above the 24261 from Thusday 25th! The bulls must look for more buying-power in the coming two session, to keep the uptrend alive. One first target could be around 24851 area. Probably a test of the blue trendline is first to expect, but not for sure. If so to come, at 24109 the market should change it's direction again to higher high's. The bears get their chance if N50 will decline below the blue trendline at an horly close with a bearish candle! A possible target area would at the zone of „low liquidity“ at or around 23660 to 23489! The indicators are lagging and it will be important how N50 will open on Monday morning! I think you are prepaired for the coming sessions and an update will publish arount Wednesday! Have a great Sunday..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk