I don't know you, so I have no idea if it is accurate. But I would guess that SHE feels you are a negative influence on her - probably that you make her feel bad about her self and her choices and don't respect her decisions. Or because YOU made bad choices when she was a child that make her feel bad today.
When we have people in our lives who make us feel bad, it is natural to distance oursleves from them. You don't give enough information to know if she is doing something (e.g., drugs, abusive boyfriend) worthy of your judgement or if you did something worthy of her discomfort (e.g., a lack of bonding with her, not defending her in some way).
Either way, it seems like you need to 1) show her you are respectful of her need for some space and you will not force yourself on her but 2) indicate that you want to rebuild a new and better relationship and 3) you ask her to be open to it and work with you on negotiating some groundrules to get you started. As a previous poster mentioned, call her to say hello, send her short "thinking of you notes" etc. But don't force it. Let her know you are there, and put the ball in her court. Don't push buttons, etc. And I bet you know exactly wha tthose buttons are!!!!
Consider counseling, if not for the two of you then for you alone. It can help you look obhjectively at what has happened in the past, and help you manage the pain of her distance. It also is a great symbol, if you take it seriously, of you making an effort that maybe your daughter will appreciate. It is also a practical thing - a therapist can give you suggestions for interacting with your daughter in a postive way that won't make things worse. Maybe your daughter will join you if she realizes you are really serious about repairing any real or perceived wrongs.
I have had some estrangmetns in my family (and am completely estranged from my father for very good reasons). I don't believe that biology entitles you to any relationship with your child (youth or adult) or grandchildren. I don't think people who hurt you or are manipulate you (and are unwillling to take responsibility) deserve a spot in your life. However, I hope that that is not this situaiton. I hope it is simply personality and misunderstanding. And if it is, hoepfully you two can cool off and take babysteps to creating a new relationship not rooted in the past. I genuinely wish you good luck.