NCDEX GUARGUM JULY-2011 delivery contract opened at Rs. 10920 per 100 kg today, a decline of 0.32 per cent against previous settlement.<br><br> At present NCDEX GUARGUM JULY 2011 contract is trading firm at Rs. 10959 per 100 kg, higher by 0.04 per cent over previous settlement price.<br><br>The contract has so far traded in the range of Rs. 10835-10979 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 3285, lower by 10420 against previous trading day. <br><br><b>NCDEX GUARGUM JULY-2011 Futures (11:15 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>10959</td><td align=center>10920</td><td align=center>10979</td><td align=center>10835</td><td align=center>10955</td><td align=center>3285</td><td align=center>13970</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>