Tech View: Nifty50 loses its crucial support, likely to see more downside SECTIONS Share Synopsis “Momentum indicator RSI has turned down from the crucial upper end of the bear territory i.e. 60 on two occasions now, clearly indicating that the uptrend is losing momentum and if the bears push Nifty50 below 14,870 level, it can slide lower to the 14,770-14,650 zone,” said Aditya Agarwala of YES Securities. Getty Images Mazhar Mohammad of Chartviewindia.in said the weakness can initially extend towards the 14,628 level, if Nifty50 fails to defend the 14,862 level on Monday. Related NEW DELHI: Nifty50 on Friday slipped below the immediate resistance at the 15,000 mark. The index ended the session forming a Spinning Top candle on the daily scale and a Shooting Star-like candle on the weekly chart. Analysts said the index is likely to test lower levels in the coming days.