STRANGLE TRADE ON SBI MAY OPTIONS CURRENT FUTURE PRICE @247.75 BUY 230 PUT OPTION @2.3 BUY 260 CALL OPTION @2.85 TOTAL BREAK-EVEN PRICE IS=5.15 TARGET FOR PUT IS 8 TARGET FOR CALL IS 8 SUGGESTED LOT:BUY 3 LOTS OF CALL AND 3 LOTS OF PUT LOT SIZE:3000 NOTE:234 ACTS AS CRUCIAL SUPPORT IF BROKEN WILL BE LONG UNWINDING WILL TEST 220 IF MANAGES TO BREAK 255-258 CAN TEST 272 THERE WILL BE SHORT COVERING THE STOCK HAS CORRECT MORE THAN 20% CAN COVER 10%