NCDEX GUARSEED JULY-2011 delivery contract opened at Rs. 3476 per 100 kg today, higher by Rs. 1 per 100 kg against previous close.<br><br> At present NCDEX GUARSEED JULY 2011 contract is trading firm at Rs. 3478 per 100 kg, an increase of  Rs. 3 per 100 kg over previous close price.<br><br>The contract has so far traded in the range of Rs. 3456-3486 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 48050, lower by 151840 against previous trading day. <br><br><b>NCDEX GUARSEED JULY-2011 Futures (11:12 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>3478</td><td align=center>3476</td><td align=center>3486</td><td align=center>3456</td><td align=center>3475</td><td align=center>48050</td><td align=center>211410</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>