#BANKNIFTY PE & CE Levels(16/02/2026)

Bank Nifty is expected to open with a gap down around the 60100–60050 zone, indicating early weakness compared to the previous close. Price has already shown selling pressure in the last session and is now approaching a key intraday support area. The opening reaction near 60050 will be very important to decide the next directional move.

On the upside, 60050–60100 is acting as an immediate support band. If price sustains above 60050 and forms strong bullish candles on the 15-minute timeframe, a recovery trade can be considered by buying CE around 60050–60100 with upside targets at 60250, 60350, and 60450+. A strong breakout and hold above 60450 can further extend the rally toward 60550 and higher levels.

On the downside, if price fails to hold 60000 and breaks below 59950, fresh selling pressure may trigger. In that case, PE can be considered below 59950 with targets at 59750, 59650, and 59550. A sustained move below 59550 would confirm deeper intraday weakness.

Overall, with a gap down opening near support, avoid chasing trades in the middle range. Either wait for a confirmed bounce above 60050 or a clean breakdown below 59950. Maintain strict stop loss and trail profits according to momentum.