bālē O child! mātrēva like a mother, tvayā by you, hitakāmyayā desirous of well-being, āśīviṣa: venomous serpent, aṅkēnēva in your lap, śatru: enemy, patipravādēna with the belief that he is the husband, paridhṛta: preserved.
O innocent lady! with the intention of doing good like a mother to your husband who is your enemy, you are holding on your lap a venomous serpent.