Current Open trade: Short NIFTY4050 Straddle

I took this position one week back. Market has been trading in narrow range. With results all out, rate decisions been made, there are no fresh triggers for market. It will probably move sideways. One or two bad news can trigger a fall. Total cost of straddle available was 207 which is almost 5% of current NIFTY. Trade will loose when NIFTY ends 5% on either side of 4050, which as per my assumption may not happen.  Current position NIFTY 4050 Call sold at Rs.127 (CMP=140)NIFTY 4050 Put sold at Rs. 80 (CMP= 49.05) Current profit/loss = (127+ 80) – (140 + 49.05) = Rs. 897