NCDEX GUARGUM JULY-2011 delivery contract opened at Rs. 10629 per 100 kg today, higher by Rs. 39 per 100 kg against previous close.<br><br> At present NCDEX GUARGUM JULY 2011 contract is trading significantly up at Rs. 10759 per 100 kg, higher by 1.6 per cent over previous settlement price.<br><br>The contract has so far traded in the range of Rs. 10629-10765 per 100 kg. <br><br>Falling open interest and rising prices is indicating that the short sellers are covering their positions and the upmove will not be sustained unless new buyers enter the market. Volume has declined to 4295, lower by 8485 against previous trading day. <br><br><b>NCDEX GUARGUM JULY-2011 Futures (10:40 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>10759</td><td align=center>10629</td><td align=center>10765</td><td align=center>10629</td><td align=center>10590</td><td align=center>4295</td><td align=center>15425</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>