Nitrite and Nitrate are forms of the element Nitrogen

Nitrite and Nitrate are forms of the element Nitrogen, which makes up about 80 percent of the air we breathe. As an essential component of life, nitrogen is recycled continually by plants and animals, and is found in the cells of all living things. Organic nitrogen (nitrogen combined with carbon) is found in proteins and other compounds. Inorganic nitrogen may exist in the free state as a gas, as ammonia (when combined with hydrogen), or as nitrite or nitrate (when combined with oxygen). Nitrites and nitrates are produced naturally as part of the nitrogen cycle, when a bacteria 'production line' breaks down toxic ammonia wastes first into nitrite, and then into nitrate. Sources of nitrites and nitrates
Nitrites are relatively short-lived because they’re quickly converted to nitrates by bacteria. Nitrites produce a serious illness (brown blood disease) in fish, even though they don’t exist for very long in the environment. Nitrites also react directly with hemoglobin in human blood to produce methemoglobin, which destroys the ability of blood cells to transport oxygen. This condition is especially serious in babies under three months of age as it causes a condition known as methemoglobinemia or "blue baby" disease. Water with nitrite levels exceeding 1.0 mg/L should not be given to babies. Nitrite concentrations in drinking water seldom exceed 0.1 mg/L.
Nitrate is a major ingredient of farm fertilizer and is necessary for crop production. When it rains, varying nitrate amounts wash from farmland into nearby waterways. Nitrates also get into waterways from lawn fertilizer run-off, leaking septic tanks and cesspools, manure from farm livestock, animal wastes (including fish and birds), and discharges from car exhausts.
Nitrates stimulate the growth of plankton and water weeds that provide food for fish. This may increase the fish population. However, if algae grow too wildly, oxygen levels will be reduced and fish will die.
Nitrates can be reduced to toxic nitrites in the human intestine, and many babies have been seriously poisoned by well water containing high levels of nitrate-nitrogen. The U.S. Public Health Service has established 10 mg/L of nitrate-nitrogen as the maximum contamination level allowed in public drinking water.
Effects of nitrates and nitrites on fish and aquatic life
Nitrate-nitrogen levels below 90 mg/L and nitrite levels below 0.5 mg/L seem to have no effect on warm-water fish*, but salmon and other cold-water fish are more sensitive. The recommended nitrite minimum for salmon is 0.06 mg/L.