NCDEX GUARGUM JULY-2011 delivery contract opened at Rs. 10950 per 100 kg today, a decline of 0.24 per cent against previous settlement.<br><br> At present NCDEX GUARGUM JULY 2011 contract is trading weak at Rs. 10853 per 100 kg, lower by Rs. 123 per 100 kg against previous close price.<br><br>The contract has so far traded in the range of Rs. 10832-10980 per 100 kg. <br><br>Rise in open interest amidst falling prices suggest that the new money is coming through the short sellers and a downtrend is in place. Volume has declined to 2580, lower by 15155 against previous trading day. <br><br><b>NCDEX GUARGUM JULY-2011 Futures (10:33 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>10853</td><td align=center>10950</td><td align=center>10980</td><td align=center>10832</td><td align=center>10976</td><td align=center>2580</td><td align=center>14170</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>