Early morning points, Day 2
Cobras vs Dolphins: Cobras 5.02 batting points, Dolphins 4 bowling points
Knights vs Lions: Knights 6.7 batting points, Lions 4 bowling points
What each team now needs to do to win:
Titans: Must beat Warriors and, if Knights also win, score at least 317 runs in the first 100 overs of their first innings. (Titans are in a very bad position as I type: 69-5, so scoring 317 is looking unlikely for them.)
Knights: Must beat Lions and, if Titans also win, hope that Titans score 316 or below in the first 100 overs of their first innings. (Given the current predicament of Titans, Knights are surely the favourites right now.)
Cobras: Must beat Dolphins and hope Knights, Titans and Lions fail to win - but even then it is not in their hands. They must hope Titans don't score at least 408 in the first 100 overs of their first innings (which Titans probably won't do given their current predicament). Cobras can still take the title if Lions win, as long as Lions score no more than 473 in the first 100 overs of their first innings (the Lions probably won't, but given that the Knights made 435 in their first 100 overs, it's possible for the Lions to throw a spanner in the works here).
Dolphins: Must beat Cobras, and score at least 405 in the first 100 overs of their first innings (definitely possible, but they've lost early wickets: 35-2 after 11 overs), and hope Knights, Titans and Lions fail to win - but, again, that still does not guarantee them the title. They must hope Titans don't score at least 4 more than Dolphins score in the first 100 overs of their first innings (though, given the current predicament of Titans, Dolphins shouldn't have to worry about this). If Lions win, Dolphins need them to score no more than 67 more than Dolphins score in the first 100 overs of their first innings in order to win the trophy.
Lions: Must beat Knights and hope Dolphins, Cobras and Titans all fail to win and that Titans don't score within 66 of what Lions score in the first 100 overs of their first innings and that Knights don't score at least 55 more than Lions in the first 100 overs of their first innings. (We can probably ignore what Titans will score, so realistically, Lions must score at least 389 in the first 100 overs of their first innings, which is definitely possible. Their batting has just commenced as I type this.)
Warriors: No longer in contention. One of their criteria was that they needed to score 299 more than the Titans in the first 100 overs of their respective first innings, and as they were dismissed for 187, this is not possible.
TL;DR: Knights are early favourites, the Cobras and Dolphins are still in it, too early to say for the Lions, Titans still have a chance but are digging themselves a hole, Warriors are out of contention.