For 3 consecutive trading days, BSE Sensex posted a 200+ point rally. In terms of percentages, it is at least 1.2% every day. This kind of rally might turn out to be dangerous.
The important factors to watch (especially when in India) are the increasing gold price ($1060+ an ounce) and falling dollar price. That means the gold price is relatively stable, but may skyrocket of dollar strenthens.