SBI Support Sustain or Break

SBIN - Very good Support at 498 500
support Sustain than bounce possible 530 550+++
support broken tha we can see free fall 460 445++

OPTION IDEA'S
1st long 500PE at 05 07 short 460PE same time
2nd long 530CE 03 05 short 550CE same time
for Hedging purposes