Thanks Suraj for your response, this was truely helpful.
I have just one query..the concept considers incoming traffic from internet to be of Public IP 1.1.1.200/32 .
I intend to keep this generic for any public destination IP address coming from internet to SRX device.
In this case, what should be the config, particularly the Proxy-arp?
Could you please help suggest?
Thanks,
Shirish.