NCDEX GUARSEED JULY-2011 delivery contract opened at Rs. 3380 per 100 kg today, higher by 0.48 per cent against previous close price.<br><br> At present NCDEX GUARSEED JULY 2011 contract is trading firm at Rs. 3399 per 100 kg, an increase of  Rs. 35 per 100 kg over previous close price.<br><br>The contract has so far traded in the range of Rs. 3370-3406 per 100 kg. <br><br>Rise in open interest along with prices indicate that an uptrend is in place and is likely to be sustained. Volume has declined to 66280, lower by 78900 against previous trading day. <br><br><b>NCDEX GUARSEED JULY-2011 Futures (10:38 AM IST)</b><br><table border=1 width=630<tr><tr bgcolor=darkgreen><th width=90><font color=white size=2>Last Traded</font></th><th width=90><font color=white size=2>Open</font></th><th width=90><font color=white size=2>High</font></th><th width=90><font color=white size=2>Low</font></th><th width=90><font color=white size=2>Previous Close</font></th><th width=90><font color=white size=2>Volume</font></th><th width=90><font color=white size=2>Open Interest</font></th></tr><tr><td align=center>3399</td><td align=center>3380</td><td align=center>3406</td><td align=center>3370</td><td align=center>3364</td><td align=center>66280</td><td align=center>216580</td></tr></table><br><br><b><u>Price Drivers:</u></b><b><br><br>Bullish Factor :</b><br><br>1) Good export demand from processors<br><br><br><b>Bearish Factor :</b><br><br>1) Lower demand from the stockiests<br>											<br>											<br>