There is one thing we haven't addressed yet. Indeed, we have no information at all about and that is what are your motherboard temps like? BPKota, you must know if you have spent any time on this forum that one of our standard tools is HWMonitor. It gives a wealth of information, not only about processor core temps but CPU socket temps and VRM/NB motherboard temps. OCT and CoreTemp do not. If a motherboard gets to hot it will cause system restarts as well. And making this more likely is the fact that you are using a water cooling kit so there is no fan stirring up air around the socket like there would be with an air cooler.
Another factor in temps is the case. A well-ventilated case is absolutely necessary when running the heat monster FX-CPUs. What is the make and model of your case? How many intake and how many exhaust fans do you have and how large are they?
Please give us some info about your case and your ventilation.
Then, download and install HWMonitor. Have it open in the background while you run OCCT for two minutes thirty seconds or however long you can run it without a restart. Then post back with a pic attached of HWMonitor.