  The first normal stress difference (${\mathcal N}_1$) and the microstructure
in a dense sheared granular fluid of smooth inelastic hard-disks are probed
using event-driven simulations. While the anisotropy in the second moment of
fluctuation velocity, which is a Burnett-order effect, is known to be the
progenitor of normal stress differences in {\it dilute} granular fluids, we
show here that the collisional anisotropies are responsible for the normal
stress behaviour in the {\it dense} limit. As in the elastic hard-sphere
fluids, ${\mathcal N}_1$ remains {\it positive} (if the stress is defined in
the {\it compressive} sense) for dilute and moderately dense flows, but becomes
{\it negative} above a critical density, depending on the restitution
coefficient. This sign-reversal of ${\mathcal N}_1$ occurs due to the {\it
microstructural} reorganization of the particles, which can be correlated with
a preferred value of the {\it average} collision angle $\theta_{av}=\pi/4 \pm
\pi/2$ in the direction opposing the shear. We also report on the shear-induced
{\it crystal}-formation, signalling the onset of fluid-solid coexistence in
dense granular fluids. Different approaches to take into account the normal
stress differences are discussed in the framework of the relaxation-type
rheological models.
