Nifty snapped its three-day rally on April 02 despite a sharp last half hour recovery. At close, Nifty was down 0.04% or 8.7 points at 22453.3. The 22204-22529 band stays valid for the time being for the Nifty. A breach of this band could decide the future direction of Nifty. Indian markets could open lower, in line with mostly lower Asian markets today and negative US markets on Apr 02