#BANKNIFTY PE & CE Levels(19/02/2026)

Bank Nifty is expected to open with a gap up around the 61500–61550 zone, indicating continuation of bullish momentum from the previous session. Price is opening near immediate resistance, which makes the first 15–30 minutes crucial to determine whether the breakout sustains or fades.

If Bank Nifty sustains above 61550–61600 with strong buying and proper 15-minute candle closing, buying CE options can be considered for targets of 61750, 61850, and 61950+. A strong breakout above 61950 may extend the rally toward the 62000 psychological zone.

On the downside, if price fails to hold above 61500 and starts rejecting near resistance, a pullback trade can be considered. Selling pressure below 61450–61400 may drag the index toward 61250, 61150, and 61050. A breakdown below 61050 will confirm short-term weakness.

Since it is a gap up opening near resistance, avoid chasing immediately. Wait for either breakout confirmation above 61600 or rejection confirmation near resistance. Maintain strict stop loss and trail profits once the first target is achieved.