Possible to have multi-side caption with single library item

Hi there,

I would like to know whether it is possible to have a single library item but the caption placement would be changed based on the page margin. The library item is:

And the output should be based on the page margin:

I tried the object style but without success. It would be really helpful if anyone can help on this (OR) suggest a workaround if there is no direct option available in InDesign.

Thanks,

Bhaskar