Hello Praharshith,

There is no surity that you will selected in the second list on this waiting rank because it totally depends on other students and possibilities. But i will assure you that you has got a good rank and you have a chance to secure a seat on second list.

For further information about cut off go through the following link;

http://careers360.com/articles/set-bba/amp

Hope this helps!!
All the best!!