Hello Praharshith,

We can't say with 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

Feel free to ask if you have more queries. All the best!!