Asian stocks followed gains on Wall Street after better-than-expected US payrolls data on Friday. The focus will soon shift to US March inflation data due mid-week. Nifty recovered from early morning weakness and closed flat on April 05. At close, Nifty was down 0.9 points at 22513.7. Nifty closed flat after a 110-point high low range day on Apr 05. On weekly charts it rose 0.84%, up for the third consecutive week. A breach of this week’s low of 22304 could denote a change in trend to down. Nifty could remain in the 22453-22619 band over the near term. Indian markets could open flat to mildly higher, in line with positive Asian markets today and higher US markets on Apr 05.